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)

Australia Automobiles and components / Thematic (Sector/Industry)

<ul><li>Our previous analysis suggests the Tourism Index typically outperforms the SET by around 1%, indicating that recent share price declines have largely priced in the negative impact.</li><li>We therefore upgrade our view on the tourism sector to Overweight.</li><li>We believe Middle East tensions have passed their peak, as partial shipping has resumed through the Strait of Hormuz and daily flight operations by Middle Eastern airlines have begun to recover.</li></ul>

Our previous analysis suggests the Tourism Index typically outperforms the SET by around 1%, indicating that recent share price declines have largely priced in the negative impact.We therefore upgrade our view on the tourism sector to Overweight.We believe Middle East tensions have passed their peak, as partial shipping has resumed through the Strait of Hormuz and daily flight operations by Middle Eastern airlines have begun to recover.

Tourism & Airline: Tourism Sector Set To Outperform The SET