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>KTX maintains a positive outlook on Thailand's economic growth in 2025E, with the BoT forecasting +2.9% YoY and the NESDC projecting +2.8%, an improvement from +2.5% in 2024 (BoT at 2.7% and NESDC at 2.6%).</li><li>However, uncertainties remain high, particularly regarding the impact of Donald Trump's tariff policies.</li><li>The NESDC expects export growth of +3.5% in 2025E, down from +3.8% in 2024, while private investment is projected to turn positive at +3.2%, recovering from –0.5% last year. </li></ul>

KTX maintains a positive outlook on Thailand's economic growth in 2025E, with the BoT forecasting +2.9% YoY and the NESDC projecting +2.8%, an improvement from +2.5% in 2024 (BoT at 2.7% and NESDC at 2.6%).However, uncertainties remain high, particularly regarding the impact of Donald Trump's tariff policies.The NESDC expects export growth of +3.5% in 2025E, down from +3.8% in 2024, while private investment is projected to turn positive at +3.2%, recovering from –0.5% last year. 

Economic Update: Optimistic View to 25E GDP Growth