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>PTG turned to a net loss of Bt205mn in 1Q26, in line with expectations, due to a sharp contraction in marketing margins to Bt1.29/litre.</li><li>We expect earnings to have passed the trough in 1Q26, with momentum likely to strengthen in 2H26E, supported by a gradual recovery in marketing margins as the Oil Fuel Fund position eases.</li><li>The expected recovery in marketing margins, which provides significant operating leverage, should bring PTG back into focus.</li></ul>

PTG turned to a net loss of Bt205mn in 1Q26, in line with expectations, due to a sharp contraction in marketing margins to Bt1.29/litre.We expect earnings to have passed the trough in 1Q26, with momentum likely to strengthen in 2H26E, supported by a gradual recovery in marketing margins as the Oil Fuel Fund position eases.The expected recovery in marketing margins, which provides significant operating leverage, should bring PTG back into focus.

PTG ENERGY Plc. (PTG): Turned To A Loss In 1Q26

PTG Energy

PTG ENERGY Plc. (PTG): Turned To A Loss In 1Q26