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

Thailand & United states / Macroeconomics

Blue Sky Alternative Investments (BLA AU)

<ul><li>The rise in inflation in October aligned with the signal from the Trade Policy and Strategy Office, forecasting an average inflation increase of +1.12% in 4Q24.</li><li>The inflation forecast for 2024E remains at +0.2-0.8% (midpoint at +0.5%).</li><li>We recommend speculative buying in bank and insurance stocks (SCB, KBANK, KTB, BLA, TLI), which are likely to benefit from steady Thai interest rates this year and possibly into next year.</li></ul>

The rise in inflation in October aligned with the signal from the Trade Policy and Strategy Office, forecasting an average inflation increase of +1.12% in 4Q24.The inflation forecast for 2024E remains at +0.2-0.8% (midpoint at +0.5%).We recommend speculative buying in bank and insurance stocks (SCB, KBANK, KTB, BLA, TLI), which are likely to benefit from steady Thai interest rates this year and possibly into next year.

Economic Update: Inflation in October 2024