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 Consumer discretionary / Thematic (Sector/Industry)

<ul><li>The impact of concerns over the tourism situation, which may escalate following the repatriation of Uyghurs to China in late February, is expected to be limited owing to the following factors: i) The proportion of tourists from the US and Japan, which have issued travel advisories for Thailand, is low at only 6% of total tourists.</li><li>ii) The government plans to revive the "We Travel Together" scheme during the low season (May-September), helping to mitigate the potential impact of the Uyghur issue, which is expected to affect the same period; historically, tourism conditions tend to normalize within 3-4 months after any unrest or unusual incidents.</li><li>iii) Stock prices typically decline and underperform the SET slightly at -2% to -3% in the one-week to two-month period following such events. </li></ul>

The impact of concerns over the tourism situation, which may escalate following the repatriation of Uyghurs to China in late February, is expected to be limited owing to the following factors: i) The proportion of tourists from the US and Japan, which have issued travel advisories for Thailand, is low at only 6% of total tourists.ii) The government plans to revive the "We Travel Together" scheme during the low season (May-September), helping to mitigate the potential impact of the Uyghur issue, which is expected to affect the same period; historically, tourism conditions tend to normalize within 3-4 months after any unrest or unusual incidents.iii) Stock prices typically decline and underperform the SET slightly at -2% to -3% in the one-week to two-month period following such events. 

Tourism and Airline Sectors - Expect Limited Impact from Uyghur Repatriation