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)

Last year, ICN turned out to be one of the best performing IPOs in Thailand =&gt; <a href="https://www.smartkarma.com/insights/ipo-radar-icn-nokia-siemens-best-buddy" target="_blank" data-smartkarma-citation="insights:12628">IPO Radar: ICN, Nokia Siemens' Best Buddy</a>. They are simply one of many in this segment. In this review, we highlight one of Thailand's most volatile (and in some cases, most expensive) sectors. In fact, the word contractor, when applied to the local players, is a bit misleading, since most of them are subcontractorsto foreign technology leaders, and their work is labor-oriented in full-scale network deployment…

Last year, ICN turned out to be one of the best performing IPOs in Thailand =&gt; IPO Radar: ICN, Nokia Siemens' Best Buddy. They are simply one of many in this segment. In this review, we highlight one of Thailand's most volatile (and in some cases, most expensive) sectors. In fact, the word contractor, when applied to the local players, is a bit misleading, since most of them are subcontractorsto foreign technology leaders, and their work is labor-oriented in full-scale network deployment…

Telecom Review (August 2018): The Connected World of Thai Network Contractors

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

Asean Telco Analyst. Ex CLSA, JPMorgan & HSBC

Luis Antonio Hilado

<ul><li>Telco service providers continue to face the challenges of pressure on traditional sources of carriage revenue and from attempts to realize real and/or market valuation upside from OTT forays</li><li>The need for speed continues to provide grounds for governments and consumers to keep telco capex high and suppress returns</li></ul>

Telco service providers continue to face the challenges of pressure on traditional sources of carriage revenue and from attempts to realize real and/or market valuation upside from OTT foraysThe need for speed continues to provide grounds for governments and consumers to keep telco capex high and suppress returns

Untethered Thoughts: Setting the Base (Bias) Line

Equity Bottom-Up

An Ancient Quest. The ability to map the world accurately brings location-based technology to new levels. With GPS systems and Google Earth, we are finally able to connect shoppers to nearest shops and put a context into almost everything conceivable. A totally clueless driver from America can take his chances and drive a car to unfamiliar places in Thailand. For marketers and tourism practitioners, the potential is unlimited.<table class="table table-striped"><tbody>
<tr>
<td>Stocks</td>
<td>Business</td>
<td style="text-align: center;">Shr pr </td>
<td style="text-align: center;">Mkt cap (US$)</td>
<td style="text-align: center;">PE (x)</td>
<td style="text-align: center;">Yld (%)</td>
</tr>
<tr>
<td>GOOGL (Alphabet)</td>
<td>Interne</td>
</tr>
</tbody></table>…

An Ancient Quest. The ability to map the world accurately brings location-based technology to new levels. With GPS systems and Google Earth, we are finally able to connect shoppers to nearest shops and put a context into almost everything conceivable. A totally clueless driver from America can take his chances and drive a car to unfamiliar places in Thailand. For marketers and tourism practitioners, the potential is unlimited.

Stocks
Business
Shr pr 
Mkt cap (US$)
PE (x)
Yld (%)


GOOGL (Alphabet)
Interne

…

"Insanity is Doing the Same Thing Over and Over Again and Expecting a Different Result."Albert EinsteinWhat is "Crazy"? Look, everyone knows what an iPhone 7 or a handset subsidy is, but 'crazy' is a pretty subjective word yo, and Einstein is a reasonably smart guy ("E =mc square...whatever) so that's his view. Now the question is whether the two most aggressive mobile operators in Thailand have done this before. After a long debate at the MCorp Review, we would conclude not quite. Notice we…

"Insanity is Doing the Same Thing Over and Over Again and Expecting a Different Result."Albert EinsteinWhat is "Crazy"? Look, everyone knows what an iPhone 7 or a handset subsidy is, but 'crazy' is a pretty subjective word yo, and Einstein is a reasonably smart guy ("E =mc square...whatever) so that's his view. Now the question is whether the two most aggressive mobile operators in Thailand have done this before. After a long debate at the MCorp Review, we would conclude not quite. Notice we…

Reality Check VI: How "Crazy" Is the IPhone 7 Subsidy? Or Is It?

Thailand

Samart Telcoms Public Company Limited provides satellite communication network services.  The Company's products and services include international video conferencing, Local Area Network (LAN), Wide Area Network (WAN) via satellite links, Electronic Data Interchange (EDI), and high speed corporate internet access.

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Samart Telcoms Pub Co Ltd (SAMTEL TB)

Telecom Review (August 2018): The Connected World of Thai Network Contractors

Last year, ICN turned out to be one of the best performing IPOs in Thailand => IPO Radar: ICN, Nokia Siemens' Best Buddy. They are simply one of...

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

Untethered Thoughts: Setting the Base (Bias) Line

Telco service providers continue to face the challenges of pressure on traditional sources of carriage revenue and from attempts to realize real...

Luis Antonio Hilado

Silicon Stories#3: Mapping the World

An Ancient Quest. The ability to map the world accurately brings location-based technology to new levels. With GPS systems and Google Earth, we are...

Athaporn Arayasantiparb, CFA

Reality Check VI: How "Crazy" Is the IPhone 7 Subsidy? Or Is It?

"Insanity is Doing the Same Thing Over and Over Again and Expecting a Different Result."Albert EinsteinWhat is "Crazy"? Look, everyone knows what...

Athaporn Arayasantiparb, CFA

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