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 reported 1Q26 core profit of around Bt415mn (-44% YoY, +27% QoQ), beating consensus estimate by roughly 25%.</li><li>1Q26 profit recovered; 2Q26E outlook remains positive.</li><li>Gross profit margin (GPM) improved to 9.6%, from 9.1% in 1Q25 and 6.4% in 4Q25, reflecting stronger natural rubber GPM at 8.7% (vs. 8.0% in 1Q25 and 5.7% in 4Q25) and glove GPM at 10.4% (vs. 13.0% in 1Q25 and 7.2% in 4Q25).</li></ul>

STA reported 1Q26 core profit of around Bt415mn (-44% YoY, +27% QoQ), beating consensus estimate by roughly 25%.1Q26 profit recovered; 2Q26E outlook remains positive.Gross profit margin (GPM) improved to 9.6%, from 9.1% in 1Q25 and 6.4% in 4Q25, reflecting stronger natural rubber GPM at 8.7% (vs. 8.0% in 1Q25 and 5.7% in 4Q25) and glove GPM at 10.4% (vs. 13.0% in 1Q25 and 7.2% in 4Q25).

SRI TRANG AGRO-INDUSTRY Plc. (STA): 1Q26 Profit Recovered...