Asean-focused. Ex-Head of Thai Research

Athaporn Arayasantiparb, CFA

Equity Bottom-Up

VichaPoolvaraluck comes from a second generation cinema operating family with links to EGV and McKenna, but it was his Major Cineplex that really unified the cinema industry in Thailand. Today with over 85% market share, it has allowed Major to charge more for tickets than Taiwan and almost as high as Singapore, a country six times wealthier than Thailand. All because of a simple idea of standalone cineplex. They also run property developers and REITs, all part of the grand ecosystem. For a short period of time, he also turned around McDonald's operations in Thailand. This is a guy who understands marketing and how to shape industry dynamics and one who has lured top talent like Nokia's former CEO of Thai operations.We are buyers of Major, one of the few entertainment outlets available and operational in Thailand's grieving quarter. The current situation means that cinemas, YouTube, and recorded movies meet less competition from established broadcasters and True Vision, based on our channel checks.

VichaPoolvaraluck comes from a second generation cinema operating family with links to EGV and McKenna, but it was his Major Cineplex that really unified the cinema industry in Thailand. Today with over 85% market share, it has allowed Major to charge more for tickets than Taiwan and almost as high as Singapore, a country six times wealthier than Thailand. All because of a simple idea of standalone cineplex. They also run property developers and REITs, all part of the grand ecosystem. For a short period of time, he also turned around McDonald's operations in Thailand. This is a guy who understands marketing and how to shape industry dynamics and one who has lured top talent like Nokia's former CEO of Thai operations.We are buyers of Major, one of the few entertainment outlets available and operational in Thailand's grieving quarter. The current situation means that cinemas, YouTube, and recorded movies meet less competition from established broadcasters and True Vision, based on our channel checks.

Rabble Rousers (Ep. 4): The Best Show in Town

Thailand

Major Development PCL is a real estate development company. The Company develops residential condominiums.

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Major Development (MJD TB)

Rabble Rousers (Ep. 4): The Best Show in Town

VichaPoolvaraluck comes from a second generation cinema operating family with links to EGV and McKenna, but it was his Major Cineplex that really...

Athaporn Arayasantiparb, CFA

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)