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>Thailand’s exports in April 2025 expanded by 10.2% YoY, driving 4M25 export growth to 14% YoY.</li><li>However, we maintain a cautious outlook for exports over the remainder of the year, based on Krungthai COMPASS’s 2025E export growth forecast of 0.9%.</li><li>Trade negotiations between the US and its partners remain a key factor to monitor. Export data by product category indicates a negative trend for pet food manufacturers (AAI – Outperform; FV Bt5.25 and ITC – Outperform; FV Bt18.14) and rubber glove producers (STGT – Outperform; FV Bt9.80). </li></ul>

Thailand’s exports in April 2025 expanded by 10.2% YoY, driving 4M25 export growth to 14% YoY.However, we maintain a cautious outlook for exports over the remainder of the year, based on Krungthai COMPASS’s 2025E export growth forecast of 0.9%.Trade negotiations between the US and its partners remain a key factor to monitor. Export data by product category indicates a negative trend for pet food manufacturers (AAI – Outperform; FV Bt5.25 and ITC – Outperform; FV Bt18.14) and rubber glove producers (STGT – Outperform; FV Bt9.80). 

Economic Update – Exports & Imports in April 2025