Krungthai XSpring

Krungthai XSpring is a full service broker. The company provides a wide range of investment services such as Securities Brokerage, Derivative Agent Business, Securities Borrowing and Lending, Securities Trading, Underwriting, Financial Advisory, Wealth Advisory, Private Fund Management and International Markets Securities Trading. 

In terms of credibility, Fitch Ratings has assigned Krunghtai XSpring a long-term rating of AA- and a national short-term rating of F1+ with stable outlook.

A full service Thai brokerage

Head of Research, Krungthai XSpring

Waraporn Wiboonkanarak

Head of Research

Thematic (Sector/Industry)

Thailand Utilities / Thematic (Sector/Industry)

<ul><li>Isares Rattanadilok Na Phuket, Vice Chairman of the Federation of Thai Industries (FTI), urged the government to reduce the electricity tariff for the upcoming period (Jan–Apr 2026) to below Bt3.84/unit, citing lower LNG prices and a strengthening baht.</li><li>The new electricity tariff is currently undergoing public hearings (Nov 10–23).</li><li>We believe that government subsidies on electricity tariffs may pose downside risk to the IU margins of SPPs.</li></ul>

Isares Rattanadilok Na Phuket, Vice Chairman of the Federation of Thai Industries (FTI), urged the government to reduce the electricity tariff for the upcoming period (Jan–Apr 2026) to below Bt3.84/unit, citing lower LNG prices and a strengthening baht.The new electricity tariff is currently undergoing public hearings (Nov 10–23).We believe that government subsidies on electricity tariffs may pose downside risk to the IU margins of SPPs.

Global Power Synergy Company Ltd (GPSC TB)

Power: FTI Urges The Government To Cut The Electricity Tariff To Below Bt3.84/Unit.