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

Equity Bottom-Up

<ul><li>Trading Economics expects better growth at +0.4% QoQ and 0% YoY (vs. 4Q23 at -0.3% QoQ and -0.2% YoY) and forecasts economic growth in 2Q-4Q24E at +0.4% QoQ, +0.3% QoQ and +0.4% QoQ, respectively.</li><li>The consensus expects the University of Michigan Consumer Sentiment Index to drop to 76 (vs. April at 77.2) and continue to decline to 75.0 at the end of 2Q24E.</li><li>We recommend stocks with positive news stories: TQM, TKN and CPN.</li></ul>

Trading Economics expects better growth at +0.4% QoQ and 0% YoY (vs. 4Q23 at -0.3% QoQ and -0.2% YoY) and forecasts economic growth in 2Q-4Q24E at +0.4% QoQ, +0.3% QoQ and +0.4% QoQ, respectively.The consensus expects the University of Michigan Consumer Sentiment Index to drop to 76 (vs. April at 77.2) and continue to decline to 75.0 at the end of 2Q24E.We recommend stocks with positive news stories: TQM, TKN and CPN.

University of Michigan Consumer Sentiment Index & UK's 1Q24 GDP

TQM Alpha

University of Michigan Consumer Sentiment Index & UK's 1Q24 GDP