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

Cross Asset Strategy

Multiple Countries / Cross Asset Strategy

<ul><li>KTX expects the SET Index to fluctuate, with the resistance at 1,580/1,600 points and the support of 1,540/1,520 points.</li><li>The anticipated delay in the disbursement of the 2024 budget is expected to result in diminished economic momentum during 4Q23 through 1Q24.</li><li>Moreover, the NESDC has revised down its Thai GDP growth projection for the current year to 2.75% compared to the previous estimate of 3.2%.</li></ul>

KTX expects the SET Index to fluctuate, with the resistance at 1,580/1,600 points and the support of 1,540/1,520 points.The anticipated delay in the disbursement of the 2024 budget is expected to result in diminished economic momentum during 4Q23 through 1Q24.Moreover, the NESDC has revised down its Thai GDP growth projection for the current year to 2.75% compared to the previous estimate of 3.2%.

Market Outlook: Volatile, With the Support at 1,540/1,520 Points and the Resistance at 1,580/1,600 Points