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

Somboon Advance Technology / Equity Bottom-Up

<ul>
<li>SAT reported 2Q26 net profit of Bt156mn and core profit of Bt161mn (+5% YoY, -23% QoQ), 15% above our forecast but 4% below market expectations, supported by YoY GPM improvement for the seventh consecutive quarter.</li>
<li>We are increasingly confident in SAT's 2H26 outlook.</li>
<li>We maintain our Neutral rating and Bt16.00 fair value.</li>
</ul>


SAT reported 2Q26 net profit of Bt156mn and core profit of Bt161mn (+5% YoY, -23% QoQ), 15% above our forecast but 4% below market expectations, supported by YoY GPM improvement for the seventh consecutive quarter.
We are increasingly confident in SAT's 2H26 outlook.
We maintain our Neutral rating and Bt16.00 fair value.


SOMBOON ADVANCE TECHNOLOGY Plc. (SAT): Earnings Beat Expectations on Resilient GPM