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

Equity Bottom-Up

<ul><li>We expect 2Q26E core profit to increase both YoY and QoQ, driven by solid growth in international patient revenue, together with improved operating efficiency and a higher bed occupancy rate.</li><li>We continue to expect 2H26E net profit to grow HoH on a seasonal pattern.</li><li>However, we downgrade our rating to Outperform (from Buy) as our tactical view has turned less constructive to Limited upside (previously Neutral).</li></ul>

We expect 2Q26E core profit to increase both YoY and QoQ, driven by solid growth in international patient revenue, together with improved operating efficiency and a higher bed occupancy rate.We continue to expect 2H26E net profit to grow HoH on a seasonal pattern.However, we downgrade our rating to Outperform (from Buy) as our tactical view has turned less constructive to Limited upside (previously Neutral).

PRARAM 9 HOSPITAL Plc. (PR9): 2Q26E Growth With Myanmar Offsetting Middle East Weakness - Outperform (12M FWD Fair Value Bt20.60)

Praram 9 Hospital

PRARAM 9 HOSPITAL Plc. (PR9): 2Q26E Growth With Myanmar Offsetting Middle East Weakness - Outperform (12M FWD Fair Value Bt20.60)