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>The US unemployment rate for August is anticipated to be 4.2%.</li><li>The consensus expects Japan's real cash earnings (wages) for July 2024E to have grown by 3.1% YoY (data to be released on September 5), slowing slightly after reaching a record high of 4.5% YoY in June.</li><li>At the same time, the KTX USDTHB Carry Trade tool suggests that the baht's appreciation has become more constrained (we estimate it may exceed Bt34.0/USD).</li></ul>

The US unemployment rate for August is anticipated to be 4.2%.The consensus expects Japan's real cash earnings (wages) for July 2024E to have grown by 3.1% YoY (data to be released on September 5), slowing slightly after reaching a record high of 4.5% YoY in June.At the same time, the KTX USDTHB Carry Trade tool suggests that the baht's appreciation has become more constrained (we estimate it may exceed Bt34.0/USD).

SET Index Range Refined as Baht's Appreciation Becomes More Constrained