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>TIDLOR posted 3Q25 net profit of Bt1.4bn (+43% YoY, +9% QoQ), beating our estimate by 9% on lower provisions.</li><li>Loan control, new lending, debt collection, and recovery in collateral values (used-car prices) strengthened asset quality.</li><li>Non-interest income also grew well (+15% YoY, +2% QoQ), supported by insurance brokerage fees and loan-related income.</li></ul>

TIDLOR posted 3Q25 net profit of Bt1.4bn (+43% YoY, +9% QoQ), beating our estimate by 9% on lower provisions.Loan control, new lending, debt collection, and recovery in collateral values (used-car prices) strengthened asset quality.Non-interest income also grew well (+15% YoY, +2% QoQ), supported by insurance brokerage fees and loan-related income.

TIDLOR Holdings Plc. (TIDLOR): Earnings Beat; Asset Quality Improving Sharply

Ngern Tid Lor

TIDLOR Holdings Plc. (TIDLOR): Earnings Beat; Asset Quality Improving Sharply