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 US dollar continues to show a weakening trend (supporting a stronger baht), pressured by expectations for headline inflation in February 2025 (to be announced on March 12), which is projected to grow by 0.3% MoM and 2.9% YoY, slowing slightly from +0.5% MoM and +3.0% YoY in the previous month.</li><li>This is due to: Cost-push inflation has remained stable despite a 3.8% MoM decline in crude oil prices in February; however, natural gas prices (which account for 3.12% of headline inflation and 47.6% of the energy basket) (Figure 1) surged by 26% MoM to USD3.8/mmbtu.</li><li><p>Demand-pull inflation is exerting downward pressure, preventing inflation from accelerating significantly, as signs of domestic economic weakness emerge.</p></li></ul>

The US dollar continues to show a weakening trend (supporting a stronger baht), pressured by expectations for headline inflation in February 2025 (to be announced on March 12), which is projected to grow by 0.3% MoM and 2.9% YoY, slowing slightly from +0.5% MoM and +3.0% YoY in the previous month.This is due to: Cost-push inflation has remained stable despite a 3.8% MoM decline in crude oil prices in February; however, natural gas prices (which account for 3.12% of headline inflation and 47.6% of the energy basket) (Figure 1) surged by 26% MoM to USD3.8/mmbtu.Demand-pull inflation is exerting downward pressure, preventing inflation from accelerating significantly, as signs of domestic economic weakness emerge.

Ktx Ahead - MARCH 10, 2025