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>The US has announced the implementation of reciprocal tariffs on its global trade partners. In the worst-case scenario, Thailand may face a tariff rate of 36%.</li><li>The initial estimate indicates that this could cause Thailand's exports and overall economy in 2025E to grow at a lower rate, by -4.93 ppt and -3.16 ppt, respectively.</li><li>This poses downside risk to the 12-month SET Index target, potentially decreasing it by approximately 16.67% to 1,111 points. </li></ul>

The US has announced the implementation of reciprocal tariffs on its global trade partners. In the worst-case scenario, Thailand may face a tariff rate of 36%.The initial estimate indicates that this could cause Thailand's exports and overall economy in 2025E to grow at a lower rate, by -4.93 ppt and -3.16 ppt, respectively.This poses downside risk to the 12-month SET Index target, potentially decreasing it by approximately 16.67% to 1,111 points. 

Special Report: Impact of Reciprocal Tariffs - APRIL 11, 2025