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>SNPS reported a 1Q26 net profit of Bt27mn, up 34% YoY (-22% QoQ seasonally), driven by margin expansion.</li><li>The stock offers 19% upside to our revised fair value of Bt5.35 (from Bt6.20), implying a PER of 15.8x.</li><li>SNPS is transitioning into a commercialization phase, coverting its R&amp;D pipeline into higher-margin products that should enhance earnings quality.</li></ul>

SNPS reported a 1Q26 net profit of Bt27mn, up 34% YoY (-22% QoQ seasonally), driven by margin expansion.The stock offers 19% upside to our revised fair value of Bt5.35 (from Bt6.20), implying a PER of 15.8x.SNPS is transitioning into a commercialization phase, coverting its R&amp;D pipeline into higher-margin products that should enhance earnings quality.

Specialty Natural Products Plc. (SNPS): 1Q26 Earnings Remain On Track With Targets

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Specialty Natural Products Plc. (SNPS): 1Q26 Earnings Remain On Track With Targets