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>The nationwide minimum wage hike, for the first time since 2020, at an average of 5% to Bt337/day will become effective on October 1, 2022.</li><li>The incremental expenditures should be manageable, as the wage hikes are estimated to have an aggregate impact on net profit margins by -0.31 ppts.</li><li>Meanwhile, rising wages have a positive correlation with consumption, which should benefit the food and beverage, health care and financial sectors.</li></ul>

The nationwide minimum wage hike, for the first time since 2020, at an average of 5% to Bt337/day will become effective on October 1, 2022.The incremental expenditures should be manageable, as the wage hikes are estimated to have an aggregate impact on net profit margins by -0.31 ppts.Meanwhile, rising wages have a positive correlation with consumption, which should benefit the food and beverage, health care and financial sectors.

Manageable Impact From Minimum Wage Hikes