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

Macroeconomics

United states & Thailand / Macroeconomics

<ul><li>We maintain our view that US bond yields have peaked out and will move on a downtrend after the US reported inflation in August at +8.3% YoY (vs. the historical high of +9.1% in June and +8.5% in July).</li><li>This should mark the beginning of a bull flattening of the yield curve, with long-term bond yields to fall in line with inflation and the economic slowdown.</li><li>We thus believe the de-rating of the PER of the SET Index has bottomed out.</li></ul>

We maintain our view that US bond yields have peaked out and will move on a downtrend after the US reported inflation in August at +8.3% YoY (vs. the historical high of +9.1% in June and +8.5% in July).This should mark the beginning of a bull flattening of the yield curve, with long-term bond yields to fall in line with inflation and the economic slowdown.We thus believe the de-rating of the PER of the SET Index has bottomed out.

KTX AHEAD: US CPI on a Downtrend After Peaking Out in June