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>KTX maintains a bearish outlook on the overall Thai economy for the current year, particularly following downward revisions by the NESDC and FPO, setting GDP forecasts at +2.4-2.5%.</li><li>This marks the sixth consecutive year of expansion below +2.5%.</li><li>Despite the release of encouraging 1Q24 GDP growth at +1.5% YoY, buoyed by stronger-than-expected private consumption, the downward revisions underscore persistent challenges.</li></ul>

KTX maintains a bearish outlook on the overall Thai economy for the current year, particularly following downward revisions by the NESDC and FPO, setting GDP forecasts at +2.4-2.5%.This marks the sixth consecutive year of expansion below +2.5%.Despite the release of encouraging 1Q24 GDP growth at +1.5% YoY, buoyed by stronger-than-expected private consumption, the downward revisions underscore persistent challenges.

Economic Update: 1Q24 GDP Growth Tops Forecasts