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)

This is something of a collaborative piece between MCorp Review and <a href="https://www.smartkarma.com/profiles/1646" target="_blank" data-smartkarma-citation="accounts:1646">Victor Wai, CFA</a>, a Drewry ports specialist who flew into Bangkok to discuss some issues regarding the Kra Canal, which we attack from different angles ranging from politics, historical parallels, to economic viability. While we can not agree on all aspects yet, there are certain "near consensus" or "quasi-conclusions" on some issues yo. Well, heck, let's just dig in. Our Dark Side is taking over again, and we can't help feel…

This is something of a collaborative piece between MCorp Review and Victor Wai, CFA, a Drewry ports specialist who flew into Bangkok to discuss some issues regarding the Kra Canal, which we attack from different angles ranging from politics, historical parallels, to economic viability. While we can not agree on all aspects yet, there are certain "near consensus" or "quasi-conclusions" on some issues yo. Well, heck, let's just dig in. Our Dark Side is taking over again, and we can't help feel…

South Series (Part 4): Kra Canal, A Chinese Suez Smacked Two Days North of Singapore?!

Equity Bottom-Up

To be fair, this may not be proper stalking, because we never really looked at PORT (Saha Thai Terminal) prior to their IPO, but we learnt that they only IPO'd recently and the stock has already shot up almost 60% from its IPO price of just Bt4.5/sh. That's better than the average IPO, which returned about 30% this year. While this stock is no longer cheap, it's interesting to delve down into what these guys actually do and why people are so interested in them in the first place. Just as…

To be fair, this may not be proper stalking, because we never really looked at PORT (Saha Thai Terminal) prior to their IPO, but we learnt that they only IPO'd recently and the stock has already shot up almost 60% from its IPO price of just Bt4.5/sh. That's better than the average IPO, which returned about 30% this year. While this stock is no longer cheap, it's interesting to delve down into what these guys actually do and why people are so interested in them in the first place. Just as…

IPO Stalker: PORT, The Merchant of Venice (Of the East)

We had the chance to meet up with Khaleed Hasheem, founder of PSL (one of Thailand's three big shippers), this week and catch up on some of his ideas on the Asian shipping outlook. PSL currently has a fleet of 36 ships. The only guys bigger than this would be TTA of the Mahagitsiri fortune ( <a href="https://www.smartkarma.com/insights/hidden-tigers-season-premiere-chocolate-ship-donuts" target="_blank" data-smartkarma-citation="insights:9781">Hidden Tigers (Season Premiere): Chocolate Ship Donuts</a>) and <a href="https://www.smartkarma.com/entities/11430" target="_blank" data-smartkarma-citation="entities:11430:1">Regional Container Line Pcl (RCL TB)</a> yo. After listening to Khaleed, my sense is I'd rather buy a coal producer like Banpu, which we already own…

We had the chance to meet up with Khaleed Hasheem, founder of PSL (one of Thailand's three big shippers), this week and catch up on some of his ideas on the Asian shipping outlook. PSL currently has a fleet of 36 ships. The only guys bigger than this would be TTA of the Mahagitsiri fortune ( Hidden Tigers (Season Premiere): Chocolate Ship Donuts) and Regional Container Line Pcl (RCL TB) yo. After listening to Khaleed, my sense is I'd rather buy a coal producer like Banpu, which we already own…

Over the past 20 years, Thailand faced two financial crisis, namely Tom Yum Goong in 1997 and Lehman in 2008. Discounting the political nonsense that is just part of life down here, we think there are five important lessons to take away, regarding: 1) the importance of investors; 2) liabilities-cash flow matching; 3) sticking to core competencies as well as avoiding : 4) currency pegs to dollars (or any currency); and 5) capital controls. No event in Thai business history has transformed the landscape more than the 1997 crisis. In this review, we highlight a few anecdotes of those who survived and those who didn't (at least not in their original forms).

Over the past 20 years, Thailand faced two financial crisis, namely Tom Yum Goong in 1997 and Lehman in 2008. Discounting the political nonsense that is just part of life down here, we think there are five important lessons to take away, regarding: 1) the importance of investors; 2) liabilities-cash flow matching; 3) sticking to core competencies as well as avoiding : 4) currency pegs to dollars (or any currency); and 5) capital controls. No event in Thai business history has transformed the landscape more than the 1997 crisis. In this review, we highlight a few anecdotes of those who survived and those who didn't (at least not in their original forms).

Five Biggest Lessons from Thai Financial Crisis

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.

His Majesty King Bhumibol Adulyadej (Rama IX) passed away at Siriraj Hospital in Bangkok yesterday, 13 October 2016, at 3.52pm. Our condolences to all our Thai friends in your time of grief.Thailand is sailing into unchartered waters, considering that nearly everyone alive has only known one King and that his fiat power was immense, built up over years of devotion to the country.We expect that the Thai stock market will be hurt in the near term, but will eventually stabilize.

His Majesty King Bhumibol Adulyadej (Rama IX) passed away at Siriraj Hospital in Bangkok yesterday, 13 October 2016, at 3.52pm. Our condolences to all our Thai friends in your time of grief.Thailand is sailing into unchartered waters, considering that nearly everyone alive has only known one King and that his fiat power was immense, built up over years of devotion to the country.We expect that the Thai stock market will be hurt in the near term, but will eventually stabilize.

Thailand Mourns Fallen King, Healing Will Take Some Time

Thailand

Regional Container Lines Public Company Limited provides ocean freight transportation services. The Company owns and operates a fleet of container vessels covering more than 70 destinations in Asia, Australia, and the Middle East.

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Regional Container Line (RCL TB)

South Series (Part 4): Kra Canal, A Chinese Suez Smacked Two Days North of Singapore?!

This is something of a collaborative piece between MCorp Review and Victor Wai, CFA, a Drewry ports specialist who flew into Bangkok to discuss...

Athaporn Arayasantiparb, CFA

IPO Stalker: PORT, The Merchant of Venice (Of the East)

To be fair, this may not be proper stalking, because we never really looked at PORT (Saha Thai Terminal) prior to their IPO, but we learnt that...

Athaporn Arayasantiparb, CFA

The View Through a Shipper's Lens & More

We had the chance to meet up with Khaleed Hasheem, founder of PSL (one of Thailand's three big shippers), this week and catch up on some of his...

Athaporn Arayasantiparb, CFA

Five Biggest Lessons from Thai Financial Crisis

Over the past 20 years, Thailand faced two financial crisis, namely Tom Yum Goong in 1997 and Lehman in 2008. Discounting the political nonsense...

Athaporn Arayasantiparb, CFA

Thailand Mourns Fallen King, Healing Will Take Some Time

His Majesty King Bhumibol Adulyadej (Rama IX) passed away at Siriraj Hospital in Bangkok yesterday, 13 October 2016, at 3.52pm. Our condolences to...

A. Stotz Investment Research

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52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)