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>KTX assesses that pressure on the Bank of Japan (BoJ) to raise interest rates is intensifying due to several factors.</li><li>We believe that foreign fund outflows from the Thai stock market are likely to begin slowing down, driven by the following factors.</li><li>The 3Q24 performance reports from listed companies, representing 40% of the total, show a combined net profit of Bt86.4bn, which is 10% below the consensus estimate of Bt96.0bn.</li></ul>

KTX assesses that pressure on the Bank of Japan (BoJ) to raise interest rates is intensifying due to several factors.We believe that foreign fund outflows from the Thai stock market are likely to begin slowing down, driven by the following factors.The 3Q24 performance reports from listed companies, representing 40% of the total, show a combined net profit of Bt86.4bn, which is 10% below the consensus estimate of Bt96.0bn.

View on the SET: Downbeat 3Q24 Earnings Have Pressured the SET's EPS