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).

Equity Bottom-Up

Global Green Chemicals / Equity Bottom-Up

The Case of The Missing 72,000 Tons. The stock price of PTT's flagship renewable company, GGC ( <a href="https://www.smartkarma.com/insights/a-power-update-with-ptt" target="_blank" data-smartkarma-citation="insights:10965">A Power Update With PTT</a>), tanked after it reported that some 72,000 tons of raw material went missing, and this missing cache is said to be cause damages worth a whopping Bt2.1bn. Since it hasn't been resolved and June is over, this will hit Q2 results and turn GGC into a loss. First, let's talk about the missing stuff. GGC takes feedstocks in the form of CPO (crude palm oil) and turns them into…

The Case of The Missing 72,000 Tons. The stock price of PTT's flagship renewable company, GGC ( A Power Update With PTT), tanked after it reported that some 72,000 tons of raw material went missing, and this missing cache is said to be cause damages worth a whopping Bt2.1bn. Since it hasn't been resolved and June is over, this will hit Q2 results and turn GGC into a loss. First, let's talk about the missing stuff. GGC takes feedstocks in the form of CPO (crude palm oil) and turns them into…

Snippets #13: Dude, Where's My Inventory?

Thematic (Sector/Industry)

DTAC refuses to bid. Now What? Last Friday, one of the craziest things happened in Thai telecom history. Much like the time CAT managed to block a 3G license bidding in 2013 after a decade of delay, DTAC said it was not bidding for the 1800MHz spectrum in August. This sounds pretty crazy, considering the fact that both True Move and AIS ( <a href="https://www.smartkarma.com/insights/telecom-review-true-says-no-to-1800mhz-now-what" target="_blank" data-smartkarma-citation="insights:20610">Telecom Review: True Says No to 1800MHz, Now What?</a>) has already said that they weren't bidding...True more forcefully than AIS. Sure, DTAC already has the…

DTAC refuses to bid. Now What? Last Friday, one of the craziest things happened in Thai telecom history. Much like the time CAT managed to block a 3G license bidding in 2013 after a decade of delay, DTAC said it was not bidding for the 1800MHz spectrum in August. This sounds pretty crazy, considering the fact that both True Move and AIS ( Telecom Review: True Says No to 1800MHz, Now What?) has already said that they weren't bidding...True more forcefully than AIS. Sure, DTAC already has the…

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

Thailand

Global Green Chemicals Public Company Limited manufactures chemicals. The Company produces and sells methyl esters, fatty alcohols, refined glycerine, and other oleochemical products. Global Green Chemicals serves customers worldwide.

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Global Green Chemicals (GGC TB)

Snippets #13: Dude, Where's My Inventory?

The Case of The Missing 72,000 Tons. The stock price of PTT's flagship renewable company, GGC ( A Power Update With PTT), tanked after it reported...

Athaporn Arayasantiparb, CFA

Snippets #11: DTAC Says No to 1800MHz?!?

DTAC refuses to bid. Now What? Last Friday, one of the craziest things happened in Thai telecom history. Much like the time CAT managed to block a...

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

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