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>3Q25 presales rose 9% YoY and 44% QoQ to Bt11.2bn, driven by strong condo presales, accounting for 54% of the total.</li><li>SIRI achieved accumulated presales of Bt32.4bn (+6.0% YoY) in 9M25, comprising 51% from condominiums and 49% from low-rise projects.</li><li>3Q25E net profit is estimated at Bt1.07bn (–18% YoY, –12% QoQ).</li></ul>

3Q25 presales rose 9% YoY and 44% QoQ to Bt11.2bn, driven by strong condo presales, accounting for 54% of the total.SIRI achieved accumulated presales of Bt32.4bn (+6.0% YoY) in 9M25, comprising 51% from condominiums and 49% from low-rise projects.3Q25E net profit is estimated at Bt1.07bn (–18% YoY, –12% QoQ).

SANSIRI Plc. (SIRI): Weak 3Q25E Outlook; Likely Improve in 4Q25E

Sansiri Public

SANSIRI Plc. (SIRI): Weak 3Q25E Outlook; Likely Improve in 4Q25E