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 Neutral rating.</li><li>Long-term growth is below the sector average, with 2025-27E EPS growth projected at a CAGR of 4.5% per year, given its healthy base-year earnings (2025) on the back of its adoption of a time-to-market strategy.</li><li>SIRI maintains its 2025 new project launch target at Bt52.0bn but is shifting the focus toward higher-value projects in response to slowing market demand.</li></ul>

We maintain our Neutral rating.Long-term growth is below the sector average, with 2025-27E EPS growth projected at a CAGR of 4.5% per year, given its healthy base-year earnings (2025) on the back of its adoption of a time-to-market strategy.SIRI maintains its 2025 new project launch target at Bt52.0bn but is shifting the focus toward higher-value projects in response to slowing market demand.

SANSIRI Plc. (SIRI): Accelerating Business In 2H25E To Achieve Financial Targets

Sansiri Public

SANSIRI Plc. (SIRI): Accelerating Business In 2H25E To Achieve Financial Targets