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)

<ul><li>KTX expects the SET Index to remain volatile in December 2025, as this period marks a key turning point for several major factors that could influence both global and Thai equities—particularly upcoming policy meetings by major central banks (the Fed, BoJ, ECB, and Thailand’s MPC).</li><li>KTX recommends ADVANC, KBANK, KKP, SCB, and WHAUP for the portfolio.</li><li>We expect the Thai stock market to remain volatile in December 2025, as this period represents a key turning point for several factors that could shape market direction through the rest of 2025 and into early 1Q26.</li></ul>

KTX expects the SET Index to remain volatile in December 2025, as this period marks a key turning point for several major factors that could influence both global and Thai equities—particularly upcoming policy meetings by major central banks (the Fed, BoJ, ECB, and Thailand’s MPC).KTX recommends ADVANC, KBANK, KKP, SCB, and WHAUP for the portfolio.We expect the Thai stock market to remain volatile in December 2025, as this period represents a key turning point for several factors that could shape market direction through the rest of 2025 and into early 1Q26.

Monthly Report: December 2025: Outlook: Volatility During A Turning Point