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>KTX anticipates the SET Index to exhibit fluctuations, with the support at 1,320/1,300 points and the resistance at 1,375/1,395 points. Key highlights include: i) The results of the US FOMC meeting on June 12, which could have a negative impact on global stock markets if the new dot plot signals a hawkish stance (with a reduction in estimated interest rate cuts from three to just one previously).</li>
<li>ii) The global economic recovery faces potential delays due to protectionist measures, such as increased import tariffs between China and Western countries aimed at safeguarding domestic businesses.</li>
<li>On a positive note, the ECB is expected to ease monetary policy for the first time at the June 6 meeting, with continued easing anticipated throughout the year. </li>
</ul>


KTX anticipates the SET Index to exhibit fluctuations, with the support at 1,320/1,300 points and the resistance at 1,375/1,395 points. Key highlights include: i) The results of the US FOMC meeting on June 12, which could have a negative impact on global stock markets if the new dot plot signals a hawkish stance (with a reduction in estimated interest rate cuts from three to just one previously).
ii) The global economic recovery faces potential delays due to protectionist measures, such as increased import tariffs between China and Western countries aimed at safeguarding domestic businesses.
On a positive note, the ECB is expected to ease monetary policy for the first time at the June 6 meeting, with continued easing anticipated throughout the year. 


Monthly Report: June 2024