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

Macroeconomics

<ul><li>The 3Q23 GDP growth was recorded at +0.8% QoQ and +1.5% YoY, below the Bloomberg estimate of +1.2% QoQ and +2.4% YoY.</li><li>The figures above underscore a downward trajectory in the Thai economy.</li><li>These circumstances underscore the need for Thailand to re-enter a phase of economic stimulation, evident in both the government's Digital Wallet scheme and monetary policies.</li></ul>

The 3Q23 GDP growth was recorded at +0.8% QoQ and +1.5% YoY, below the Bloomberg estimate of +1.2% QoQ and +2.4% YoY.The figures above underscore a downward trajectory in the Thai economy.These circumstances underscore the need for Thailand to re-enter a phase of economic stimulation, evident in both the government's Digital Wallet scheme and monetary policies.

2023E GDP Likely to Fall Short of BoT's Projection