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

Regional Container Lines / Equity Bottom-Up

<ul><li>RCL reported 1Q26 net profit of Bt1,671mn (-19% YoY, -7% QoQ) and core profit of Bt1,665mn (-20% YoY, -7% QoQ).</li><li>1Q26 revenue came in at Bt8.41bn (-10% YoY, -9% QoQ), pressured by lower average freight rates at USD406/TEU (-2% YoY, -4% QoQ).</li><li>1Q26 profit accounted for 57% of our full-year forecast, with upside risk to our estimates.</li></ul>

RCL reported 1Q26 net profit of Bt1,671mn (-19% YoY, -7% QoQ) and core profit of Bt1,665mn (-20% YoY, -7% QoQ).1Q26 revenue came in at Bt8.41bn (-10% YoY, -9% QoQ), pressured by lower average freight rates at USD406/TEU (-2% YoY, -4% QoQ).1Q26 profit accounted for 57% of our full-year forecast, with upside risk to our estimates.

Regional Container Lines Plc. (RCL): 1Q26 Profit Softened But Remained Strong