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>1Q26 earnings grew 29% YoY and 87% QoQ, beating expectations due to a stronger-than-expected GPM, supported by housebrand products.</li><li>Operating expenses and interest expenses also came in below expectations, reflecting effective cost control.</li><li>We raise our 2026–28E earnings forecasts by an average of 20% per year to reflect better-than-expected GPM and operating expense control.</li></ul>

1Q26 earnings grew 29% YoY and 87% QoQ, beating expectations due to a stronger-than-expected GPM, supported by housebrand products.Operating expenses and interest expenses also came in below expectations, reflecting effective cost control.We raise our 2026–28E earnings forecasts by an average of 20% per year to reflect better-than-expected GPM and operating expense control.

SIAM GLOBAL HOUSE Plc. (GLOBAL): 1Q26 Earnings Beat / Raising 2026–28E Forecasts

Siam Global House

SIAM GLOBAL HOUSE Plc. (GLOBAL): 1Q26 Earnings Beat / Raising 2026–28E Forecasts