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 maintain our Buy rating.</li><li>PSL reported 2Q26 net profit of Bt521mn.</li><li>Preliminary estimates suggest 3Q26E earnings will improve QoQ, supported by the Baltic Handysize Index (BHSI), which has averaged 909 points YTD, 3% above the 2Q26 average of around 832 points.</li></ul>

We maintain our Buy rating.PSL reported 2Q26 net profit of Bt521mn.Preliminary estimates suggest 3Q26E earnings will improve QoQ, supported by the Baltic Handysize Index (BHSI), which has averaged 909 points YTD, 3% above the 2Q26 average of around 832 points.

PRECIOUS SHIPPING Plc. (PSL): Strong 2Q26; Momentum to Continue in 3Q26E – Buy (12M FWD Fair Value Bt8.15)