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 that the Digital Wallet (DW) scheme, intended to distribute Bt10k in cash to 50mn individuals, which has been postponed since the beginning of 2024, will commence in 4Q24.</li><li>This timing aligns with the increased clarity surrounding the funding sources.</li><li>The funding structure has transitioned from the previously discussed Bt500bn Loan Bill, which raised legal concerns, to the expenditures budget for 2024-25 and the Bank for Agriculture and Agricultural Cooperatives (BAAC). </li></ul>

KTX anticipates that the Digital Wallet (DW) scheme, intended to distribute Bt10k in cash to 50mn individuals, which has been postponed since the beginning of 2024, will commence in 4Q24.This timing aligns with the increased clarity surrounding the funding sources.The funding structure has transitioned from the previously discussed Bt500bn Loan Bill, which raised legal concerns, to the expenditures budget for 2024-25 and the Bank for Agriculture and Agricultural Cooperatives (BAAC). 

Srinanaporn Marketing Public Company Limited (SNNP TB)

Srinanaporn Marketing Public Company Limited

Special Report: Digital Wallet to Start in 4Q24 - APRIL 11, 2024