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

Delta Electronics (Thailand) / Equity Bottom-Up

<ul>
<li>DELTA's share price fell as expected after weak 2Q26 results.</li>
<li>We forecast 3Q26 profit of Bt8.6bn (+35% YoY, +56% QoQ).</li>
<li>We upgrade DELTA to Buy from Outperform, retaining our Bt330 fair value, as the share price decline has increased upside.</li>
</ul>


DELTA's share price fell as expected after weak 2Q26 results.
We forecast 3Q26 profit of Bt8.6bn (+35% YoY, +56% QoQ).
We upgrade DELTA to Buy from Outperform, retaining our Bt330 fair value, as the share price decline has increased upside.


Start Accumulating Ahead of a 2H26 Recovery