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 Financials / Thematic (Sector/Industry)

<ul><li>GDP forecast may be revised downward as employment begins to show signs of slowing (Figure 1), coupled with a sharp acceleration in the trade deficit, particularly in 1Q25E (due to increased imports to avoid tariff impositions).</li><li>These factors are putting pressure on GDP, which is now likely to contract sharply (based on the -2.4% QoQ forecast from the Fed Atlanta GDP Now model).</li><li>As a result, the Fed may revise down its 2025 GDP growth projection from the previous estimate of 2.1% YoY</li></ul>

GDP forecast may be revised downward as employment begins to show signs of slowing (Figure 1), coupled with a sharp acceleration in the trade deficit, particularly in 1Q25E (due to increased imports to avoid tariff impositions).These factors are putting pressure on GDP, which is now likely to contract sharply (based on the -2.4% QoQ forecast from the Fed Atlanta GDP Now model).As a result, the Fed may revise down its 2025 GDP growth projection from the previous estimate of 2.1% YoY

KTX Ahead - March 17, 2025