CEO, A. Stotz Investment Research

Dr. Andrew Stotz, CFA

Quantamental Investing to beat Benchmarks

A. Stotz Investment Research

We pick stocks. We construct portfolios. All our effort is focused on how to better pick stocks and construct portfolios. We serve fund management companies, family offices, and high net worth individuals.

Thematic (Sector/Industry)

We highlight 14 stocks in Thailand that look interesting to us based upon our FVMR Methodology. Our research team constantly reviews the Thai market to try to find interesting ideas base upon Fundamentals or Valuation or Momentum or Risk or some combination thereof.

We highlight 14 stocks in Thailand that look interesting to us based upon our FVMR Methodology. Our research team constantly reviews the Thai market to try to find interesting ideas base upon Fundamentals or Valuation or Momentum or Risk or some combination thereof.

The Stocks to Own in Thailand – Vol. 34

Asean-focused. Ex-Head of Thai Research

Athaporn Arayasantiparb, CFA

Asean (Thailand) Focused Independent Research

M Corp Review

M Corp is led by Athaporn Arayasantiparb who served as Head of Research for UOB and ANZ in Thailand and was an award-winning telecoms analyst at UBS in 2010 (AsiaMoney Thailand category) and Regional Strategist for DMG in Singapore. Prior to that, he also served as Kasikornbank credit analyst and scholar. He has a total work experience of 17 years, of which 14 were in research and 4 in research management roles. He started his career as an engineer for PTT and currently manages family investments. He holds an MBA from Stern (NYU) and CFA Charter since 2006. Apart from IPO Radar, which focuses on future listings, MCorp Review also provides six on-going thematic series ranked by frequency in descending order, namely: 1) Silicon Stories (technology) 2) Sathorn Series (financial services) 3) Thai-Coons (billionaire origin stories) 4) Reality Check (data-driven, investigative) 5) Thai Media Spotlight; and 6) Thai Macro Watch (global market drivers).

Last year, ICN turned out to be one of the best performing IPOs in Thailand =&gt; <a href="https://www.smartkarma.com/insights/ipo-radar-icn-nokia-siemens-best-buddy" target="_blank" data-smartkarma-citation="insights:12628">IPO Radar: ICN, Nokia Siemens' Best Buddy</a>. They are simply one of many in this segment. In this review, we highlight one of Thailand's most volatile (and in some cases, most expensive) sectors. In fact, the word contractor, when applied to the local players, is a bit misleading, since most of them are subcontractorsto foreign technology leaders, and their work is labor-oriented in full-scale network deployment…

Last year, ICN turned out to be one of the best performing IPOs in Thailand =&gt; IPO Radar: ICN, Nokia Siemens' Best Buddy. They are simply one of many in this segment. In this review, we highlight one of Thailand's most volatile (and in some cases, most expensive) sectors. In fact, the word contractor, when applied to the local players, is a bit misleading, since most of them are subcontractorsto foreign technology leaders, and their work is labor-oriented in full-scale network deployment…

Telecom Review (August 2018): The Connected World of Thai Network Contractors

Equity Bottom-Up

We recently followed up with three companies we met in the past, and that's what this cryptic title means. Glass = TOG (Thai Optical Glass), Green = GGC (A green energy company), and Kiosk (FSMART). Forth's share price has done poorly despite repeatedly delivering strong results. One of the reason may be that their core operations in kiosks, represented by FSMART, is seen as a competitor of the banks, who are now waiving digital fees ( <a href="https://www.smartkarma.com/insights/snippets-7-the-end-of-digital-banking-fees" target="_blank" data-smartkarma-citation="insights:19266">Snippets #7: The End of Digital Banking Fees</a>). According to…

We recently followed up with three companies we met in the past, and that's what this cryptic title means. Glass = TOG (Thai Optical Glass), Green = GGC (A green energy company), and Kiosk (FSMART). Forth's share price has done poorly despite repeatedly delivering strong results. One of the reason may be that their core operations in kiosks, represented by FSMART, is seen as a competitor of the banks, who are now waiving digital fees ( Snippets #7: The End of Digital Banking Fees). According to…

Three of a Kind: The Glass Is Greener on the Other Kiosk

Interhide had been one of the best performing stocks in our portfolio, but it's also dropped almost 30% from a recent high of Bt12.7/sh, despite posting strong results and still seeing strong demand for its products. So what gives? One of our former analysts who recommended this stock told us there are some big retail investors who hold large chunks of the stocks and have a very low costs, so they keep on selling and depressing the prices. However, as we saw earlier, when the wave of sales ends…

Interhide had been one of the best performing stocks in our portfolio, but it's also dropped almost 30% from a recent high of Bt12.7/sh, despite posting strong results and still seeing strong demand for its products. So what gives? One of our former analysts who recommended this stock told us there are some big retail investors who hold large chunks of the stocks and have a very low costs, so they keep on selling and depressing the prices. However, as we saw earlier, when the wave of sales ends…

Arguably, no stock comes closer to mimicking oil prices in Thailand than PTTEP and its parent company PTT, aka largest stock in Thailand. Brent oil prices dropped from 2017 year-end levels of US$70/bbl to a low of US$62/bbl this month before rebounding to current level of US$65/bbl. In fact, it seems that apart from oil stocks and CP All, none of the big cap stocks seem to be doing well in Thailand these days. CP All's continued rise seems to be related to news flow in the banking sector <a href="https://www.smartkarma.com/insights/reality-check-xii-how-much-upside-can-cp-all-squeeze-from-a-new-banking-venture" target="_blank" data-smartkarma-citation="insights:17835">Reality</a>…

Arguably, no stock comes closer to mimicking oil prices in Thailand than PTTEP and its parent company PTT, aka largest stock in Thailand. Brent oil prices dropped from 2017 year-end levels of US$70/bbl to a low of US$62/bbl this month before rebounding to current level of US$65/bbl. In fact, it seems that apart from oil stocks and CP All, none of the big cap stocks seem to be doing well in Thailand these days. CP All's continued rise seems to be related to news flow in the banking sector Reality…

Thailand

Forth Corp PCL manufactures and sells telecommunications and electronic equipment. The Company also develop and install the data management system, manufactures, sells, and installs traffic light system and equipment, manufactures and sells electronic signs, as well as distributes electronic parts.

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Forth Corp PCL (FORTH TB)

The Stocks to Own in Thailand – Vol. 34

Our research team constantly reviews the Thai market to try to find interesting ideas base upon Fundamentals or Valuation or Momentum or Risk or...

A. Stotz Investment Research

Telecom Review (August 2018): The Connected World of Thai Network Contractors

Last year, ICN turned out to be one of the best performing IPOs in Thailand => IPO Radar: ICN, Nokia Siemens' Best Buddy. They are simply one of...

Athaporn Arayasantiparb, CFA

Three of a Kind: The Glass Is Greener on the Other Kiosk

We recently followed up with three companies we met in the past, and that's what this cryptic title means. Glass = TOG (Thai Optical Glass), Green...

Athaporn Arayasantiparb, CFA

What's Interhide Really Hiding?

Interhide had been one of the best performing stocks in our portfolio, but it's also dropped almost 30% from a recent high of Bt12.7/sh, despite...

Athaporn Arayasantiparb, CFA

PTTEP: Second Wind For Oil Stocks

Arguably, no stock comes closer to mimicking oil prices in Thailand than PTTEP and its parent company PTT, aka largest stock in Thailand. Brent oil...

Athaporn Arayasantiparb, CFA

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)