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)

Thailand Financials / Thematic (Sector/Industry)

<ul><li>KTX expects the index to continue weakening, setting new lows for the year, with the support levels for a potential rebound at 1,167/1,130 points and the resistance at 1,250/1,266 points.</li><li>We recommend buying once a strong technical reversal pattern, specifically a V-shaped recovery, emerges.</li><li>Key market highlights include: i) clarity on US reciprocal tariffs for countries with trade surpluses with the US, including Thailand, before enforcement in early April 2025; ii) economic stimulus measures from the Chinese government; iii) outcomes of the Fed, ECB, and BoE meetings; iv) market impact from the ex-dividend effect; and v) domestic politics, with the no-confidence debate against the government potentially leading to a Cabinet reshuffle.</li></ul>

KTX expects the index to continue weakening, setting new lows for the year, with the support levels for a potential rebound at 1,167/1,130 points and the resistance at 1,250/1,266 points.We recommend buying once a strong technical reversal pattern, specifically a V-shaped recovery, emerges.Key market highlights include: i) clarity on US reciprocal tariffs for countries with trade surpluses with the US, including Thailand, before enforcement in early April 2025; ii) economic stimulus measures from the Chinese government; iii) outcomes of the Fed, ECB, and BoE meetings; iv) market impact from the ex-dividend effect; and v) domestic politics, with the no-confidence debate against the government potentially leading to a Cabinet reshuffle.

Monthly Report: March 2025 (March 6, 2025)