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

<ul><li>KTX identified potential signals indicating the conclusion of the interest rate uptrend.</li><li>The MPC may revise down the 2023E Thai GDP forecast from the current +3.6% YoY to +2.8% YoY, as the latest economic indicators for 2023 have shown that GDP was logged at +1.8% YoY (+1.7% QoQ in 3Q23 and +0.7% QoQ in 2Q23).</li><li>Real rates have increased further after Thai inflation fell below the MPC's target.</li></ul>

KTX identified potential signals indicating the conclusion of the interest rate uptrend.The MPC may revise down the 2023E Thai GDP forecast from the current +3.6% YoY to +2.8% YoY, as the latest economic indicators for 2023 have shown that GDP was logged at +1.8% YoY (+1.7% QoQ in 3Q23 and +0.7% QoQ in 2Q23).Real rates have increased further after Thai inflation fell below the MPC's target.

KTX Expects the MPC to End the Interest Rate Uptrend at 2.25%