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

<ul><li>We expect economic growth in 2H24E to accelerate beyond the 1.9% YoY expansion seen in 1H24E, serving as a key driver in achieving the revised 2024E GDP growth forecast of 2.55% YoY (up from 2.5% previously).</li><li>This acceleration will also create positive sentiment for stocks benefiting from a top-down approach, particularly those related to government spending, tourism, and the banking sector.</li><li>Government spending is expected to rise thanks to accelerated budget disbursements, while the tourism sector should see strong gains, with tourist arrivals projected to hit 36.5mn by yearend (compared to 20.6mn for 7M24). </li></ul>

We expect economic growth in 2H24E to accelerate beyond the 1.9% YoY expansion seen in 1H24E, serving as a key driver in achieving the revised 2024E GDP growth forecast of 2.55% YoY (up from 2.5% previously).This acceleration will also create positive sentiment for stocks benefiting from a top-down approach, particularly those related to government spending, tourism, and the banking sector.Government spending is expected to rise thanks to accelerated budget disbursements, while the tourism sector should see strong gains, with tourist arrivals projected to hit 36.5mn by yearend (compared to 20.6mn for 7M24). 

Economic Update: 2Q24 GDP Growth - August 20, 2024