Asean-focused. Ex-Head of Thai Research

Athaporn Arayasantiparb, CFA

Equity Bottom-Up

<p>What do these three items have in common? Nothing, apart from the fact that we met three small cap Thai companies who sell them on the exact same day. In this review, we provide some summary about what they do. <em>MCorp Review </em>believes none of these companies make any sense apart from Big Camera. And forget about the whole ITU (International Telecom Union) thing. We did visit it at the Maung Thong Impact Arena today, but there was nothing impressive about it at all yo.</p><table class="table table-striped"><tbody>
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<td><strong>Stocks</strong></td>
<td style="text-align: center;"><strong>Business</strong></td>
<td style="text-align: center;"><strong>Shr pr (Bt/sh)</strong></td>
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What do these three items have in common? Nothing, apart from the fact that we met three small cap Thai companies who sell them on the exact same day. In this review, we provide some summary about what they do. MCorp Review believes none of these companies make any sense apart from Big Camera. And forget about the whole ITU (International Telecom Union) thing. We did visit it at the Maung Thong Impact Arena today, but there was nothing impressive about it at all yo.

Stocks
Business
Shr pr (Bt/sh)

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Three of a Kind: Jeans, Glasses, and Cameras

<p>Operators are the prime beneficiaries of the Pokemon Go craze that hit Thailand, though we suspect DTAC may benefit more than True Corp given its much lower market cap and depressed expectations following its recent 90% earnings decline. Pokemon Go is not a game changer but a short term catalyst given the small actual magnitude of the game even in the best case.</p><p>Amongst the mobile phone retailers, we believe Jaymart is the biggest beneficiary of Pokemon Go from higher battery sales. Com 7, operator of the largest iStudio chain in Thailand, is more geared towards iPhones, and globally iPhone is rapidly losing market share to Android. On the other hand, Telewiz and Samart i-Mobile have increasingly moved towards selling lower-end Chinese-made phones, especially proprietary brands. But we suspect that it is the higher end smartphones such as Samsung Galaxy S7 Edge that will capture the bulk of players, since this game requires high quality GPS satellite reception for a really smooth game.</p>

Operators are the prime beneficiaries of the Pokemon Go craze that hit Thailand, though we suspect DTAC may benefit more than True Corp given its much lower market cap and depressed expectations following its recent 90% earnings decline. Pokemon Go is not a game changer but a short term catalyst given the small actual magnitude of the game even in the best case.Amongst the mobile phone retailers, we believe Jaymart is the biggest beneficiary of Pokemon Go from higher battery sales. Com 7, operator of the largest iStudio chain in Thailand, is more geared towards iPhones, and globally iPhone is rapidly losing market share to Android. On the other hand, Telewiz and Samart i-Mobile have increasingly moved towards selling lower-end Chinese-made phones, especially proprietary brands. But we suspect that it is the higher end smartphones such as Samsung Galaxy S7 Edge that will capture the bulk of players, since this game requires high quality GPS satellite reception for a really smooth game.

Thailand

Jaymart PCL distributes mobile phones and accessories.  The Company, through its subsidiaries, provide retail management and debt collection services.

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Jaymart PCL (JMART TB)

Three of a Kind: Jeans, Glasses, and Cameras

What do these three items have in common? Nothing, apart from the fact that we met three small cap Thai companies who sell them on the exact same...

Athaporn Arayasantiparb, CFA

DTAC & Jaymart: Rise of the Pikachu

Operators are the prime beneficiaries of the Pokemon Go craze that hit Thailand, though we suspect DTAC may benefit more than True Corp given its...

Athaporn Arayasantiparb, CFA

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