Head of Research, Krungthai XSpring

Waraporn Wiboonkanarak

Head of Research

A full service Thai brokerage

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.

Equity Bottom-Up

<ul><li>The 10-year US Treasury yield approached 5%, its highest level in three years, amid inflation concerns as Brent crude continued to trade above USD105/bbl.</li><li>We expect the SET Index to trend lower and test its next support at around 1,584 points, pressured by US dollar strength and the 10-year US Treasury yield approaching 5%.</li><li>DELTA's parent company plans to raise USD1.5bn by issuing bonds convertible into DELTA shares.</li></ul>

The 10-year US Treasury yield approached 5%, its highest level in three years, amid inflation concerns as Brent crude continued to trade above USD105/bbl.We expect the SET Index to trend lower and test its next support at around 1,584 points, pressured by US dollar strength and the 10-year US Treasury yield approaching 5%.DELTA's parent company plans to raise USD1.5bn by issuing bonds convertible into DELTA shares.

Krungthai XSpring Zoom Eng. September 15, 2026

Macroeconomics

<ul><li>On June 27, 2024, KTX was honored to host Ms. Uthaiwan Watanasuvakul, Director of the Competitiveness Enhancement Division at the Thailand Board of Investment (BOI), discussing the global minimum tax (GMT).</li><li>The Cabinet meeting on March 7, 2023, resolved to support a global minimum tax rate of 15% for large multinational enterprises (MNEs) with a minimum annual income of EUR750mn under the OECD framework.</li><li>On June 17, 2024, the OECD Council, comprising 38 member countries, unanimously approved the commencement of accession discussions with Thailand.</li></ul>

On June 27, 2024, KTX was honored to host Ms. Uthaiwan Watanasuvakul, Director of the Competitiveness Enhancement Division at the Thailand Board of Investment (BOI), discussing the global minimum tax (GMT).The Cabinet meeting on March 7, 2023, resolved to support a global minimum tax rate of 15% for large multinational enterprises (MNEs) with a minimum annual income of EUR750mn under the OECD framework.On June 17, 2024, the OECD Council, comprising 38 member countries, unanimously approved the commencement of accession discussions with Thailand.

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Singapore Treasury (SINGAPORE GOVT)

Krungthai XSpring Zoom Eng. September 15, 2026

The 10-year US Treasury yield approached 5%, its highest level in three years, amid inflation concerns as Brent crude continued to trade above...

Krungthai XSpring

Special Report: Global Minimum Tax

On June 27, 2024, KTX was honored to host Ms. Uthaiwan Watanasuvakul, Director of the Competitiveness Enhancement Division at the Thailand Board...

Krungthai XSpring

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52-week Range

Market Cap (USDm)

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