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).

Equity Bottom-Up

<p>When we scanned through the latest Forbes list, we found around 7 that didn't make it or were not profiled by us in the past, though we did introduce some of their companies in series like the <em>IPO Radar</em>, arguably the most popular product by <em>MCorp Review </em>now. So in this and the next review, we're gonna highlight some of these tycoons, or "Little Thai-Coons" as we prefer to call them since they didn't hit the top ten list. Nevertheless, their businesses are impressive. When you look at Thailand's…</p>

When we scanned through the latest Forbes list, we found around 7 that didn't make it or were not profiled by us in the past, though we did introduce some of their companies in series like the IPO Radar, arguably the most popular product by MCorp Review now. So in this and the next review, we're gonna highlight some of these tycoons, or "Little Thai-Coons" as we prefer to call them since they didn't hit the top ten list. Nevertheless, their businesses are impressive. When you look at Thailand's…

Little Thai-Coons of 2018 (Part I): Chemistry of Wealth

Event-Driven

Hitachi Chemical Storage Battery (Thailand) Public Company Limited / Event-Driven

Hitachi Chemical Storage Battery (Thailand) Public Company Limited

<p>It’s nice being an investment banker these days in Thailand. Looks like a good string of small deals coming their way. The recent ones we heard about are not earth-shaking, but they are pretty diverse in terms of industry. In most cases, however, the premium are likely to be small. Nice to get an update yo.</p><ul>
<li>
<strong>Hitachi’s Thai unit </strong>to make a tender offer for <strong>BAT-3K</strong>
</li>
<li>
<strong>TOA</strong>’s tender offer of Sherwood</li>
<li>Potential management buyout of <strong>Q-CON</strong>
</li>
</ul><table class="table table-striped"><tbody>
<tr>
<td>Stock</td>
<td>Business</td>
<td style="text-align: center;">Shr pr (Bt/sh)</td>
<td style="text-align: center;">Mkt cap (US$ m)</td>
<td style="text-align: center;">PE (x)</td>
<td style="text-align: center;">Yld (%)</td>
</tr>
<tr>
<td>BAT-3K (Thai</td>
</tr>
</tbody></table>…

It’s nice being an investment banker these days in Thailand. Looks like a good string of small deals coming their way. The recent ones we heard about are not earth-shaking, but they are pretty diverse in terms of industry. In most cases, however, the premium are likely to be small. Nice to get an update yo.

Hitachi’s Thai unit to make a tender offer for BAT-3K


TOA’s tender offer of Sherwood
Potential management buyout of Q-CON



Stock
Business
Shr pr (Bt/sh)
Mkt cap (US$ m)
PE (x)
Yld (%)


BAT-3K (Thai

…

Thailand

Sherwood Corporation Public Company Limited manufactures and markets chemical products for household and industrial usage. The Company crack and crevice termiticide, mosquito coils, woodstains, fabric softener, organosilicon, and soil treatment chemicals. Sherwood serves customers in Asia and Australia.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Sherwood Chemicals (SWC TB)

Little Thai-Coons of 2018 (Part I): Chemistry of Wealth

When we scanned through the latest Forbes list, we found around 7 that didn't make it or were not profiled by us in the past, though we did...

Athaporn Arayasantiparb, CFA

Recent/Upcoming Deals in Thailand

It’s nice being an investment banker these days in Thailand. Looks like a good string of small deals coming their way. The recent ones we heard...

Athaporn Arayasantiparb, CFA

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)