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

Multiple Countries / Cross Asset Strategy

<ul><li>If the 3Q24 GDP aligns closely with the Atlanta Fed's forecast, the market may reduce its expectations for a Fed rate cut, supporting further USD appreciation.</li><li>This could exert ongoing pressure on capital outflows from markets outside the US, including Thailand.</li><li>Therefore, we recommend gradually buying within the 1,405-1,459 point range.</li></ul>

If the 3Q24 GDP aligns closely with the Atlanta Fed's forecast, the market may reduce its expectations for a Fed rate cut, supporting further USD appreciation.This could exert ongoing pressure on capital outflows from markets outside the US, including Thailand.Therefore, we recommend gradually buying within the 1,405-1,459 point range.

Gradually Buy Back in the Range of 1,405-1,459 Points