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)

The tough thing with mercantilism these days is that it is seldom one-sided. Devalue your currency, the other guy devalues his, and it's a race to the bottom. If you raise trade walls, it only works when the opponent is small. Though America suffers a big trade deficit with China (US$500bn according to Trump), America is also a large exporter. It just means that they export less than they import, but what they do export to China and around the world gives China some leeway for retaliation, and…

The tough thing with mercantilism these days is that it is seldom one-sided. Devalue your currency, the other guy devalues his, and it's a race to the bottom. If you raise trade walls, it only works when the opponent is small. Though America suffers a big trade deficit with China (US$500bn according to Trump), America is also a large exporter. It just means that they export less than they import, but what they do export to China and around the world gives China some leeway for retaliation, and…

Thai Macro Watch (April'18): China's Retaliation

In September 2017, former Prime Minister Yingluck Shinawatra, titular architect of the rice pledge policy and first-time car buyers' program, fled the country in a move worthy of a James Bond movie or Jeffrey Archer booklet, complete with luxury car decoys and unregistered private jets. But the price of her escape is now borne by the Thaksinite faction that remains in the country and the prospects of winning the <s>2018</s> 2019 elections. In this review, we highlight some reasons why the sentiment is…

In September 2017, former Prime Minister Yingluck Shinawatra, titular architect of the rice pledge policy and first-time car buyers' program, fled the country in a move worthy of a James Bond movie or Jeffrey Archer booklet, complete with luxury car decoys and unregistered private jets. But the price of her escape is now borne by the Thaksinite faction that remains in the country and the prospects of winning the 2018 2019 elections. In this review, we highlight some reasons why the sentiment is…

The Army-Democrat Alliance Challenges Thaksinite Hegemony

Asia Ex-J Consumer/ Transport analyst

Valerie Law, CFA

The global edtech market is expected to grow 17% a year - hitting USD 252bn by 2020, according to research by IBIS Capital. Global tech companies such as Google, LinkedIn and Tencent all have their fingers in the pie. With so many Edtech companies out there seeking funds, how should we pick which ones to invest in?As part of an Edtech series, this first article provides an overview of Edtech firms' business model, and examines the key advantages that traditional education institutions have, against which Edtech firms will be measured:  1. Trust that they can deliver ‘quality’ outcomes 2. Discipline offered within a physical classroom 3. Customized diagnosis by a teacher/instructor 4. Modelling – a universal way by which humans learn 5. Stimulation of various parts of the brain

 The global edtech market is expected to grow 17% a year - hitting USD 252bn by 2020, according to research by IBIS Capital. Global tech companies such as Google, LinkedIn and Tencent all have their fingers in the pie. With so many Edtech companies out there seeking funds, how should we pick which ones to invest in?As part of an Edtech series, this first article provides an overview of Edtech firms' business model, and examines the key advantages that traditional education institutions have, against which Edtech firms will be measured:   1. Trust that they can deliver ‘quality’ outcomes 2. Discipline offered within a physical classroom 3. Customized diagnosis by a teacher/instructor 4. Modelling – a universal way by which humans learn 5. Stimulation of various parts of the brain

Ed or Tech, Edtech Firms Must Cross These Moats

<div class="content-highlight">We ran through the list of Valentine-themed stocks and found that it's almost impossible to find anything reasonable from a valuation standpoint these days. (AIS used to be a Valentine themed stock, but it isn't anymore. More on that later yo.) Valentines is just over a week from today. Technically, less than 1% of the Thais are Christians, but if you think that's gonna stop teenagers from celebrating Valentines, think again! Since Chinese New Year came early ( <a href="https://www.smartkarma.com/insights/momentum-stocks-for-the-chicken-new-year" target="_blank" data-smartkarma-citation="insights:8321">Momentum Stocks for the Chicken</a>…</div>

We ran through the list of Valentine-themed stocks and found that it's almost impossible to find anything reasonable from a valuation standpoint these days. (AIS used to be a Valentine themed stock, but it isn't anymore. More on that later yo.) Valentines is just over a week from today. Technically, less than 1% of the Thais are Christians, but if you think that's gonna stop teenagers from celebrating Valentines, think again! Since Chinese New Year came early ( Momentum Stocks for the Chicken…

Quick Run Down on Valentine Stocks...Sad!

Only Gets Hotter from Here On. Summer typically starts in February in Thailand. In the South, there are only two seasons, but elsewhere, summer will stretch between February to around May. We are not saying every stock in this article is a buy. What we're saying is that for them, summer usually acts as an important sales catalyst or at least a time when they gain attention from investors yo. The rainy season, which starts in late May and goes all the way to October, is by far the country's…

Only Gets Hotter from Here On. Summer typically starts in February in Thailand. In the South, there are only two seasons, but elsewhere, summer will stretch between February to around May. We are not saying every stock in this article is a buy. What we're saying is that for them, summer usually acts as an important sales catalyst or at least a time when they gain attention from investors yo. The rainy season, which starts in late May and goes all the way to October, is by far the country's…

Thailand

Sri Trang Agro-Industry Public Company Limited produces and markets smoked sheet rubber.  The Company sells its products to tire manufacturers as primary market, and exports to Japan, China, Korea, and Taiwan as secondary market.

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Sri Trang Agro Industry (STA TB)

Thai Macro Watch (April'18): China's Retaliation

The tough thing with mercantilism these days is that it is seldom one-sided. Devalue your currency, the other guy devalues his, and it's a race to...

Athaporn Arayasantiparb, CFA

The Army-Democrat Alliance Challenges Thaksinite Hegemony

In September 2017, former Prime Minister Yingluck Shinawatra, titular architect of the rice pledge policy and first-time car buyers' program, fled...

Athaporn Arayasantiparb, CFA

Ed or Tech, Edtech Firms Must Cross These Moats

The global edtech market is expected to grow 17% a year - hitting USD 252bn by 2020, according to research by IBIS Capital. Global tech companies...

Valerie Law, CFA

Quick Run Down on Valentine Stocks...Sad!

We ran through the list of Valentine-themed stocks and found that it's almost impossible to find anything reasonable from a valuation standpoint...

Athaporn Arayasantiparb, CFA

This Ain't Winterfell, Summer Is Coming!

Only Gets Hotter from Here On. Summer typically starts in February in Thailand. In the South, there are only two seasons, but elsewhere, summer...

Athaporn Arayasantiparb, CFA

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