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

Cross Asset Strategy

<ul><li>Short-term risks, including uncertainties in Thai politics and specific challenges faced by small cap stocks since June 2024, have exerted downward pressure on the SET Index.</li><li>Therefore, we expect that EPS growth, having bottomed out at -11.2% YoY since 4Q23 and accelerating to -1.5% YoY, will drive a rebound of the SET.</li><li>We recommend focusing on stocks poised to reach their bottom-out phase to mitigate the impact of political uncertainty.</li></ul>

Short-term risks, including uncertainties in Thai politics and specific challenges faced by small cap stocks since June 2024, have exerted downward pressure on the SET Index.Therefore, we expect that EPS growth, having bottomed out at -11.2% YoY since 4Q23 and accelerating to -1.5% YoY, will drive a rebound of the SET.We recommend focusing on stocks poised to reach their bottom-out phase to mitigate the impact of political uncertainty.

Constructing a Portfolio Based on the SET EPS Bottom-Out Investment Approach