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>Concerns over a potential slowdown in the US economy have intensified after GDP in 1Q25 contracted by 0.3% QoQ (the first contraction in 12 quarters).</li><li>This was compounded by a slowdown in domestic consumption — which accounts for 70% of GDP — registering its weakest growth in seven quarters (Figure 1), thereby giving the Fed room to cut interest rates.</li><li>However, from an outlook-dependent view, US tariff policies are expected to raise the costs of imported goods, which could drive inflation higher starting in 2Q25E.</li></ul>

Concerns over a potential slowdown in the US economy have intensified after GDP in 1Q25 contracted by 0.3% QoQ (the first contraction in 12 quarters).This was compounded by a slowdown in domestic consumption — which accounts for 70% of GDP — registering its weakest growth in seven quarters (Figure 1), thereby giving the Fed room to cut interest rates.However, from an outlook-dependent view, US tariff policies are expected to raise the costs of imported goods, which could drive inflation higher starting in 2Q25E.

KTX Ahead: Baht Likely to Gain Further, Boosting Fund Inflows into Thailand - May 6, 2025