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

Thematic (Sector/Industry)

Thailand Financials / Thematic (Sector/Industry)

<ul><li>Thailand’s 1Q25 GDP grew by +0.7% QoQ and +3.1% YoY, exceeding the consensus estimate of +0.6% QoQ and +2.9% YoY.</li><li>Despite the stronger- than-expected figure, KTX views the economic outlook for the remainder of the year as still challenging due to trade-related risks and expects the main driver of growth to come from government stimulus.</li><li>We recommend speculating on domestic demand-related stocks, such as CPALL and MTC, while also watching for potential new measures from the government following the afternoon meeting of the Economic Stimulus Committee yesterday. </li></ul>

Thailand’s 1Q25 GDP grew by +0.7% QoQ and +3.1% YoY, exceeding the consensus estimate of +0.6% QoQ and +2.9% YoY.Despite the stronger- than-expected figure, KTX views the economic outlook for the remainder of the year as still challenging due to trade-related risks and expects the main driver of growth to come from government stimulus.We recommend speculating on domestic demand-related stocks, such as CPALL and MTC, while also watching for potential new measures from the government following the afternoon meeting of the Economic Stimulus Committee yesterday. 

Economic Update: 1Q25 GDP Growth - May 21, 2025