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 baht is likely to strengthen further, supported by low inflation and limited intervention capacity by the Bank of Thailand (BoT), which could sustain foreign fund inflows seeking both capital and exchange rate gains.</li><li>Given the limited near-term upside for Thai equities, we revise our recommendation from ”delaying purchases to “trading,”.</li><li>BoT is concerned about the baht’s strength and has stepped in to stabilize it.</li></ul>

The baht is likely to strengthen further, supported by low inflation and limited intervention capacity by the Bank of Thailand (BoT), which could sustain foreign fund inflows seeking both capital and exchange rate gains.Given the limited near-term upside for Thai equities, we revise our recommendation from ”delaying purchases to “trading,”.BoT is concerned about the baht’s strength and has stepped in to stabilize it.

KTX AHEAD: The Baht May Strengthen Sharply Again