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>TRUE reported 2Q26 net profit of Bt6.6bn (+223% YoY, -1% QoQ) and core profit of Bt7.0bn (+67% YoY, +10% QoQ), beating our forecast by 5%.</li><li>Core earnings reached another record high, supported by effective cost control and lower-than-expected tax expenses.</li><li>We maintain our Buy rating and fair value of Bt16.00.</li></ul>

TRUE reported 2Q26 net profit of Bt6.6bn (+223% YoY, -1% QoQ) and core profit of Bt7.0bn (+67% YoY, +10% QoQ), beating our forecast by 5%.Core earnings reached another record high, supported by effective cost control and lower-than-expected tax expenses.We maintain our Buy rating and fair value of Bt16.00.

TRUE CORPORATION Plc. (TRUE): Core Earnings Slightly Beat Expectations on Lower Tax Expense – Buy (12M FWD Fair Value Bt16.00)

True

TRUE CORPORATION Plc. (TRUE): Core Earnings Slightly Beat Expectations on Lower Tax Expense – Buy (12M FWD Fair Value Bt16.00)