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

Thematic (Sector/Industry)

Thailand Energy / Thematic (Sector/Industry)

<ul><li>The 2.0GW Direct PPA pilot project aims to expedite the acquisition of green power, enticing investments from the data center and cloud service sectors that prioritize competitive electricity rates.</li><li>This Direct PPA initiative is anticipated to introduce potential upside risks for GULF (BB TP: Bt56.2), which has pursued an aggressive strategy through a two-phase data center project totaling 50MW.</li><li>It could also benefit BGRIM (Buy; TP: Bt31), which is exploring opportunities to bolster its data center business segment (currently under negotiation, with expected capacity ranging from 300-500MW). </li></ul>

The 2.0GW Direct PPA pilot project aims to expedite the acquisition of green power, enticing investments from the data center and cloud service sectors that prioritize competitive electricity rates.This Direct PPA initiative is anticipated to introduce potential upside risks for GULF (BB TP: Bt56.2), which has pursued an aggressive strategy through a two-phase data center project totaling 50MW.It could also benefit BGRIM (Buy; TP: Bt31), which is exploring opportunities to bolster its data center business segment (currently under negotiation, with expected capacity ranging from 300-500MW). 

Industry Update Energy (Power) - JUNE 27, 2024