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 staples distribution and retail / Thematic (Sector/Industry)

<ul><li>The general election scheduled for early February 2026 could see the Bhumjaithai Party or the People’s Party emerge as the leading party in forming the next government, provided either secures the largest number of seats with a clear margin over the runner-up.</li><li>Our analysis indicates that if the Bhumjaithai Party, the Pheu Thai Party, or the People’s Party leads the government, the market could trade at MRP levels of -0.75 S.D., -0.5 S.D., and +0.25 S.D., respectively.</li><li>We expect consumer staples, retail, power generation, and financial sectors to benefit from campaign-related policy momentum.</li></ul>

The general election scheduled for early February 2026 could see the Bhumjaithai Party or the People’s Party emerge as the leading party in forming the next government, provided either secures the largest number of seats with a clear margin over the runner-up.Our analysis indicates that if the Bhumjaithai Party, the Pheu Thai Party, or the People’s Party leads the government, the market could trade at MRP levels of -0.75 S.D., -0.5 S.D., and +0.25 S.D., respectively.We expect consumer staples, retail, power generation, and financial sectors to benefit from campaign-related policy momentum.

特別レポート：SET指数の上昇は政府の政策執行の継続性にかかっている