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>1Q25 profit came in above expectations, driven by an exceptionally high GPM of 63% for the industrial estate segment.</li><li>However, as the current backlog mainly consists of high-cost land, we maintain our GPM estimate at 58%.</li><li>In the short term, the share price may rise on the stronger- than-expected performance. </li></ul>

1Q25 profit came in above expectations, driven by an exceptionally high GPM of 63% for the industrial estate segment.However, as the current backlog mainly consists of high-cost land, we maintain our GPM estimate at 58%.In the short term, the share price may rise on the stronger- than-expected performance. 

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