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)

China Financials / Thematic (Sector/Industry)

<ul><li>The strong rebound in US ISM New Orders, together with Thailand’s strategic role in the China+1 shift, is emerging as a key driver of Thai exports, with 1Q26 growth potentially reaching +17% YoY.</li><li>These dynamics reinforce Thailand’s position as a critical export manufacturing hub within global supply chains.</li><li>This, in turn, could support baht appreciation and attract foreign fund flows into Thai equities, offering potential double gains from both valuation re-rating and FX appreciation.</li></ul>

The strong rebound in US ISM New Orders, together with Thailand’s strategic role in the China+1 shift, is emerging as a key driver of Thai exports, with 1Q26 growth potentially reaching +17% YoY.These dynamics reinforce Thailand’s position as a critical export manufacturing hub within global supply chains.This, in turn, could support baht appreciation and attract foreign fund flows into Thai equities, offering potential double gains from both valuation re-rating and FX appreciation.

KTX AHEAD: Thai Exports May Grow 17% In 1Q26, Supported By US–China Tailwinds...