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 MPC's cumulative six policy rate cuts (totalling 150 bps) since late 2024, which have brought the policy rate to its lowest level in three years, have already provided substantial support against the risk of a slowdown in the Thai economy.</li><li>This suggests that interest rates have already bottomed out.</li><li>On the other hand, the MPC may revise its inflation forecast lower, as the year-to-date (YTD) average crude oil price has remained below its previous assumption.</li></ul>

The MPC's cumulative six policy rate cuts (totalling 150 bps) since late 2024, which have brought the policy rate to its lowest level in three years, have already provided substantial support against the risk of a slowdown in the Thai economy.This suggests that interest rates have already bottomed out.On the other hand, the MPC may revise its inflation forecast lower, as the year-to-date (YTD) average crude oil price has remained below its previous assumption.

KTX AHEAD: Stronger-Than-Expected Growth Confirms Rate Trough, Favoring Domestic Plays