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>The Monetary Policy Committee (MPC) decided to cut the policy rate by 25 bps, contrary to both our and the market’s expectations.</li><li>This reduction negatively impacts the 2025-27E earnings forecasts for the commercial banking sector by approximately 2-3%.</li><li>However, smaller banks will benefit as their loan portfolios are primarily based on fixed interest rates and have a higher proportion of fixed deposits, while larger banks will be more negatively affected. </li></ul>

The Monetary Policy Committee (MPC) decided to cut the policy rate by 25 bps, contrary to both our and the market’s expectations.This reduction negatively impacts the 2025-27E earnings forecasts for the commercial banking sector by approximately 2-3%.However, smaller banks will benefit as their loan portfolios are primarily based on fixed interest rates and have a higher proportion of fixed deposits, while larger banks will be more negatively affected. 

Industry Update: Banking - FEBRUARY 27, 2025