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

Sri Trang Agro Industry / Equity Bottom-Up

<ul><li>STA’s earnings turned around to a net loss in 2Q25, pressured by STR selling prices falling faster than raw material costs and by provisions for inventory write- downs.</li><li>We are in the process of reviewing our forecasts, rating, and fair price.</li><li>Initially, we expect the 3Q25E operating performance to improve QoQ, supported by rubber prices rising about 5% from the end of 2Q25.</li></ul>

STA’s earnings turned around to a net loss in 2Q25, pressured by STR selling prices falling faster than raw material costs and by provisions for inventory write- downs.We are in the process of reviewing our forecasts, rating, and fair price.Initially, we expect the 3Q25E operating performance to improve QoQ, supported by rubber prices rising about 5% from the end of 2Q25.

Sri Trang Agro-Industry - 2Q25 Earnings Turned to a Loss on a Lower GPM