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>We have observed signs indicating a return to an uptrend in the Thai 10Y bond yield, rising to 2.66% (+16 bps MTD).</li><li>Meanwhile, the 2Y bond yield increased more modestly to 2.24% (+9 bps MTD), widening the spread between the 2Y and 10Y bond yields by 7 bps MTD to 0.42%.</li><li>This suggests a bear steepening yield curve pattern, typically followed by a narrowing of the earnings yield gap (EYG), as shown in Figure 1. On April 10, 2024, the SET's EYG decreased by 27 bps MTD to 4.17% (Figure 2). </li></ul>

We have observed signs indicating a return to an uptrend in the Thai 10Y bond yield, rising to 2.66% (+16 bps MTD).Meanwhile, the 2Y bond yield increased more modestly to 2.24% (+9 bps MTD), widening the spread between the 2Y and 10Y bond yields by 7 bps MTD to 0.42%.This suggests a bear steepening yield curve pattern, typically followed by a narrowing of the earnings yield gap (EYG), as shown in Figure 1. On April 10, 2024, the SET's EYG decreased by 27 bps MTD to 4.17% (Figure 2). 

Ktx Ahead - KTX AHEAD