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

Commodities

<ul><li>We maintain a Neutral rating on the energy sector and project a 6% CAGR for 2Y core EPS (2025-27E).</li><li>We expect the Israel-Iran tensions to remain localized to the directly involved parties.</li><li>We maintain our 2025-27E core profit forecast, expecting 2Y core EPS growth at a moderate +6% CAGR.</li></ul>

We maintain a Neutral rating on the energy sector and project a 6% CAGR for 2Y core EPS (2025-27E).We expect the Israel-Iran tensions to remain localized to the directly involved parties.We maintain our 2025-27E core profit forecast, expecting 2Y core EPS growth at a moderate +6% CAGR.

Solid Fundamentals Amid Geopolitical Risk; Mixed 2Q25E Earnings

Crude Oil

Solid Fundamentals Amid Geopolitical Risk; Mixed 2Q25E Earnings