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).

Thematic (Sector/Industry)

<p>As mentioned earlier in <a href="https://www.smartkarma.com/insights/the-greying-of-thailand" target="_blank" data-smartkarma-citation="insights:6048">The Greying of Thailand</a>, Thailand's low population growth (0.8%) can be attributed to many reasons such as gender imbalance and an increasing trend of city people living as singles (<em>In upcountry Thailand, the household size of 5-7 is not uncommon), </em>but this presents both a problem and opportunity. On one hand, expecting high sales volume can be a problem in this product niche, simply because there aren't many customers...ie kids, as a demographic group compared to...say…</p>

As mentioned earlier in The Greying of Thailand, Thailand's low population growth (0.8%) can be attributed to many reasons such as gender imbalance and an increasing trend of city people living as singles (In upcountry Thailand, the household size of 5-7 is not uncommon), but this presents both a problem and opportunity. On one hand, expecting high sales volume can be a problem in this product niche, simply because there aren't many customers...ie kids, as a demographic group compared to...say…

Making sense of the Global Market, Euromonitor International Ltd.

Yu Mitsuhashi

Making sense of the Global Market

Euromonitor International Ltd.

We are a global market research company focused on industries, countries, economies and consumers worldwide. Our cross-country comparable research helps your organisation identify opportunities and develop growth strategies in countries and regions across the globe. With offices around the world, 1,200 analysts in 100 countries and market research on every key trend and driver, we give you powerful access to the real story behind consumer change.

<ul><li>Oral care increased by 3% in current value during 2017, with sales reaching TWD7.6 billion.</li><li>The ageing population increased the awareness of and demand for oral care.</li><li>The average unit price of toothpaste increased by 2% in current terms in 2017, with other oral care categories registering either slightly negative or moderately positive unit price movements.</li><li>Hawley &amp; Hazel Chemical (Taiwan) Corp maintained its strong leading position in oral care with a 37% value share in 2017.</li><li>Oral care is set to increase in value at a CAGR of 4% at constant 2017 prices over the forecast period, with sales set to reach TWD9.5 billion in 2022.</li></ul>

Oral care increased by 3% in current value during 2017, with sales reaching TWD7.6 billion.The ageing population increased the awareness of and demand for oral care.The average unit price of toothpaste increased by 2% in current terms in 2017, with other oral care categories registering either slightly negative or moderately positive unit price movements.Hawley &amp; Hazel Chemical (Taiwan) Corp maintained its strong leading position in oral care with a 37% value share in 2017.Oral care is set to increase in value at a CAGR of 4% at constant 2017 prices over the forecast period, with sales set to reach TWD9.5 billion in 2022.

<ul><li>Men’s grooming rose in current value by 2% in 2017 as sales to reach TWD3.5 billion.</li><li>Men’s grooming continued to benefit from the rising social acceptance of men taking care of their appearance.</li><li>Negative or marginally positive average unit price growth was recorded in all men’s grooming categories in current terms in 2017, with men’s fragrances the only exception as sales shift to premium brands.</li><li>Edgewell Personal Care Taiwan Ltd led sales in men’s grooming in 2017 with a value share of 12%.</li><li>Men’s grooming is set to register a value CAGR of 2% at constant 2017 prices over the forecast period with sales set to hit TWD3.7 billion by 2022.</li></ul>

Men’s grooming rose in current value by 2% in 2017 as sales to reach TWD3.5 billion.Men’s grooming continued to benefit from the rising social acceptance of men taking care of their appearance.Negative or marginally positive average unit price growth was recorded in all men’s grooming categories in current terms in 2017, with men’s fragrances the only exception as sales shift to premium brands.Edgewell Personal Care Taiwan Ltd led sales in men’s grooming in 2017 with a value share of 12%.Men’s grooming is set to register a value CAGR of 2% at constant 2017 prices over the forecast period with sales set to hit TWD3.7 billion by 2022.

<ul><li>Skin care recorded 3% current value growth as sales reach TWD64.3 billion in 2017.</li><li>The regular use of skin care products became a more common habit among a wider range of consumers, including previously untapped segments such as men and teenage girls.</li><li>Frequent price discounts and promotions resulted in negative or very low average unit price growth in current terms in all skin care categories in 2017, with skin care sets/kits the only exception.</li><li>Taiwan Shiseido Co Ltd maintained its leading position in skin care, accounting for 18% of value sales in 2017.</li><li>Skin care is set to generate a 2% value CAGR in constant 2017 terms over the forecast period with sales expected to hit TWD70.7 billion in 2022.</li></ul>

Skin care recorded 3% current value growth as sales reach TWD64.3 billion in 2017.The regular use of skin care products became a more common habit among a wider range of consumers, including previously untapped segments such as men and teenage girls.Frequent price discounts and promotions resulted in negative or very low average unit price growth in current terms in all skin care categories in 2017, with skin care sets/kits the only exception.Taiwan Shiseido Co Ltd maintained its leading position in skin care, accounting for 18% of value sales in 2017.Skin care is set to generate a 2% value CAGR in constant 2017 terms over the forecast period with sales expected to hit TWD70.7 billion in 2022.

<ul><li>Men’s grooming in the UK grew by 3% in 2017 to reach GBP1.8 billion.</li><li>Men’s skin care was one of the principal drivers of growth, while men’s shaving continues to decline.</li><li>Unilever led ahead of Procter &amp; Gamble with 17% and 16% value shares respectively in 2017.</li><li>Retailers pursued an everyday low pricing strategy causing downward pressure on unit prices.</li><li>Men’s grooming is expected to grow at a CAGR of 3% in value terms at constant 2017 prices over the forecast period to reach GBP2.1 billion by 2022.</li></ul>

Men’s grooming in the UK grew by 3% in 2017 to reach GBP1.8 billion.Men’s skin care was one of the principal drivers of growth, while men’s shaving continues to decline.Unilever led ahead of Procter &amp; Gamble with 17% and 16% value shares respectively in 2017.Retailers pursued an everyday low pricing strategy causing downward pressure on unit prices.Men’s grooming is expected to grow at a CAGR of 3% in value terms at constant 2017 prices over the forecast period to reach GBP2.1 billion by 2022.

Sector Capsule: Men's Grooming in the United Kingdom

United States

The Procter & Gamble Company manufactures and markets consumer products in countries throughout the world. The Company provides products in the laundry and cleaning, paper, beauty care, food and beverage, and health care segments. Procter & Gamble products are sold primarily through mass merchandisers, grocery stores, membership club stores, drug stores, and neighborhood stores.

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Procter & Gamble Co (PG US)

Kid's Stuff in Thai Equities

As mentioned earlier in The Greying of Thailand, Thailand's low population growth (0.8%) can be attributed to many reasons such as gender imbalance...

Athaporn Arayasantiparb, CFA

Sector Capsule: Oral Care in Taiwan

Oral care increased by 3% in current value during 2017, with sales reaching TWD7.6 billion. The ageing population increased the awareness of and...

Euromonitor International Ltd.

Sector Capsule: Men's Grooming in Taiwan

Men’s grooming rose in current value by 2% in 2017 as sales to reach TWD3.5 billion. Men’s grooming continued to benefit from the rising social...

Euromonitor International Ltd.

Sector Capsule: Skin Care in Taiwan

Skin care recorded 3% current value growth as sales reach TWD64.3 billion in 2017. The regular use of skin care products became a more common...

Euromonitor International Ltd.

Sector Capsule: Men's Grooming in the United Kingdom

Men’s grooming in the UK grew by 3% in 2017 to reach GBP1.8 billion. Men’s skin care was one of the principal drivers of growth, while men’s...

Euromonitor International Ltd.

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