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

Multiple Countries / Cross Asset Strategy

<ul><li>The US Dollar Index has strengthened by 3.0% MTD, spurred on by domestic factors, particularly the Fed's likelihood of reducing interest rates less than expected.</li><li>According to the KTX AHEAD report dated October 8, 2024, KTX recommended increasing bond holdings when yields were as high as 2.573%.</li><li>This situation reinforces the view that foreign capital outflows from the Thai stock market may persist for some time longer.</li></ul>

The US Dollar Index has strengthened by 3.0% MTD, spurred on by domestic factors, particularly the Fed's likelihood of reducing interest rates less than expected.According to the KTX AHEAD report dated October 8, 2024, KTX recommended increasing bond holdings when yields were as high as 2.573%.This situation reinforces the view that foreign capital outflows from the Thai stock market may persist for some time longer.

Continue to Underweight Thai Equities If the Index Rises