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><strong>The mainland Chinese phone makers arrived in Thailand </strong>long before their Internet peers, but they were met with limited success. After Samsung and Apple, all the runner-ups are Chinese: Huawei, Oppo, and Vivo. Oppo and Vivo, said to be produced by the same manufacturer, uses expensive advertising, but is generally seen as low-end phones. A typical phone from these two camps go for around Bt6,000, while iPhone X retails at Bt41k ( <a href="https://www.smartkarma.com/insights/the-iphone-x-hits-thailand-in-another-stalemate" target="_blank" data-smartkarma-citation="insights:15623">The IPhone X Hits Thailand in Another Stalemate</a>). The…</p>

The mainland Chinese phone makers arrived in Thailand long before their Internet peers, but they were met with limited success. After Samsung and Apple, all the runner-ups are Chinese: Huawei, Oppo, and Vivo. Oppo and Vivo, said to be produced by the same manufacturer, uses expensive advertising, but is generally seen as low-end phones. A typical phone from these two camps go for around Bt6,000, while iPhone X retails at Bt41k ( The IPhone X Hits Thailand in Another Stalemate). The…

Silicon Stories J: The Invasion of Chinese Internet (Battle Time!)

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<p>Actionable Charts from Smart Karma’s Most-Searched Tickers.</p><p>We ran through a list of the most frequently searched tickers on the SmartKarma platform using the Discovery Tool.  </p><p>See the attached report for a complete list of our recommendations from this list.</p>

Actionable Charts from Smart Karma’s Most-Searched Tickers.We ran through a list of the most frequently searched tickers on the SmartKarma platform using the Discovery Tool.  See the attached report for a complete list of our recommendations from this list.

Actionable Insights, Assured Alpha, ANTYA Investments

ANTYA Investments

Actionable Insights, Assured Alpha

Investing That Empowers You

ANTYA Investments Inc., regulated by the Ontario Securities Commission, is registered to provide wealth management services in Canada. ANTYA manages institutional, and high net-worth client portfolios on a discretionary basis. Our investment philosophy embraces a Core-Satellite approach.  The core of the portfolio is chosen from a group of fifteen asset classes. A few stock specific asymmetrical investment opportunities comprise the satellite segment. ANTYA invests only in global, large capitalization, and investment grade companies.  

Equity Capital Markets

<p>According to various media reports, <a href="https://www.smartkarma.com/entities/24409" target="_blank">Xiaomi Corp (1810 HK)</a> has successfully priced its IPO for HK$ 17/share, at the low-end of its proposed pricing range. We believe that there is 50% downside from the current levels, over the next twelve months, unless Xiaomi can come up with a miracle cure for "something". It has already ridden the incestuous wave of China internet investments including fair value gains on <a href="https://www.smartkarma.com/entities/26755" target="_blank">iQIYI Inc (IQ US)</a> and on its investments in Ant Technologies of <a href="https://www.smartkarma.com/entities/787" target="_blank">Alibaba Group Holding Ltd (BABA US)</a> fame.</p><p>One caveat to our outlook remains the uncertainty surrounding the fate of <a href="https://www.smartkarma.com/entities/6922" target="_blank">Zte Corp H (763 HK)</a> because the longer ZTE stays on the sidelines, the longer is the runway of success for Xiaomi.</p>

According to various media reports, Xiaomi Corp (1810 HK) has successfully priced its IPO for HK$ 17/share, at the low-end of its proposed pricing range. We believe that there is 50% downside from the current levels, over the next twelve months, unless Xiaomi can come up with a miracle cure for "something". It has already ridden the incestuous wave of China internet investments including fair value gains on iQIYI Inc (IQ US) and on its investments in Ant Technologies of Alibaba Group Holding Ltd (BABA US) fame.One caveat to our outlook remains the uncertainty surrounding the fate of Zte Corp H (763 HK) because the longer ZTE stays on the sidelines, the longer is the runway of success for Xiaomi.

Xiaomi Inc. – IPO Priced at the Bottom of Range – 50% Downside Forthcoming

Equity Bottom-Up

<p>For bulls like us <a href="https://www.smartkarma.com/entities/20279" target="_blank" data-smartkarma-citation="entities:20279:1">Tesla Motors Inc.'s (TSLA US)</a> announcement of meeting production goals is good news.  Bears need to find a way out of the mess they find themselves in. Tesla has a market capitalisation of only $60 billion or thereabouts. Facebook, Amazon, Apple, Microsoft, Netflix , Alphabet, Alibaba, Tencent are all worth a lot more. Tesla will be a worthy addition to that walk of fame in a couple of years.</p>

For bulls like us Tesla Motors Inc.'s (TSLA US) announcement of meeting production goals is good news.  Bears need to find a way out of the mess they find themselves in. Tesla has a market capitalisation of only $60 billion or thereabouts. Facebook, Amazon, Apple, Microsoft, Netflix , Alphabet, Alibaba, Tencent are all worth a lot more. Tesla will be a worthy addition to that walk of fame in a couple of years.

Tesla Inc. – Shorting the Shorts – Next Stop $500/Share in 3 Months

Chief Economist

Diana Choyleva

Enodo Economics

Enodo Economics is an independent macroeconomic forecasting company that untangles complexity, challenges the consensus, and makes sense of the future. Our focus is on China – one of the most misunderstood economies in the world, but one of the most important to figure out.  Enodo’s chief economist, Diana Choyleva, has been analysing China for almost 20 years, while Enodo’s team boasts a combined 140 years’ experience covering China’s economy, politics and markets. 

Macroeconomics

<h2>China News That Matters</h2><ul>
<li>Stock market sell-off intensifies</li>
<li>Foreign investment encouraged in market shake-up</li>
<li>China to lead in 5G development</li>
<li>New measures to tackle house price inflation</li>
<li>More global trade woes</li>
<li>People’s Bank of China eases</li>
<li>China and the EU talk investment and trade</li>
</ul><div class="content-remarks"><p>In my weekly digest China News That Matters, I will give you selected summaries, sourced from a variety of local Chinese-language and international news outlets, and highlight why I think the news is significant. These posts are meant to neither be bullish nor bearish, but help you separate the signal from the noise.</p></div>

China News That Matters
Stock market sell-off intensifies
Foreign investment encouraged in market shake-up
China to lead in 5G development
New measures to tackle house price inflation
More global trade woes
People’s Bank of China eases
China and the EU talk investment and trade
In my weekly digest China News That Matters, I will give you selected summaries, sourced from a variety of local Chinese-language and international news outlets, and highlight why I think the news is significant. These posts are meant to neither be bullish nor bearish, but help you separate the signal from the noise.

China’s Financial Risks/Deleveraging/Technology Race/Housing Crackdown/Trade War/EU Talks/RRR Cut

China

Tencent Holdings Limited operates as an investment holding company. The Company, through its subsidiaries, provides Internet and mobile value-added services (VAS), online advertising, and e-commerce transactions. Tencent Holdings offers services to users worldwide.

Price Gauge
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Tencent (700 HK)

Silicon Stories J: The Invasion of Chinese Internet (Battle Time!)

The mainland Chinese phone makers arrived in Thailand long before their Internet peers, but they were met with limited success. After Samsung and...

Athaporn Arayasantiparb, CFA

Popular Stocks, Attractive Charts

Actionable Charts from Smart Karma’s Most-Searched Tickers.We ran through a list of the most frequently searched tickers on the SmartKarma platform...

Vermilion Research

Xiaomi Inc. – IPO Priced at the Bottom of Range – 50% Downside Forthcoming

According to various media reports, Xiaomi Corp (1810 HK) has successfully priced its IPO for HK$ 17/share, at the low-end of its proposed pricing...

ANTYA Investments

China’s Financial Risks/Deleveraging/Technology Race/Housing Crackdown/Trade War/EU Talks/RRR Cut

China News That Matters Stock market sell-off intensifies Foreign investment encouraged in market shake-up China to lead in 5G development New...

Diana Choyleva

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Silicon Stories J: The Invasion of Chinese Internet (Battle Time!)

The mainland Chinese phone makers arrived in Thailand long before their Internet peers, but they were met with limited success. After Samsung and...

Athaporn Arayasantiparb, CFA

Popular Stocks, Attractive Charts

Actionable Charts from Smart Karma’s Most-Searched Tickers.We ran through a list of the most frequently searched tickers on the SmartKarma platform...

Vermilion Research

Xiaomi Inc. – IPO Priced at the Bottom of Range – 50% Downside Forthcoming

According to various media reports, Xiaomi Corp (1810 HK) has successfully priced its IPO for HK$ 17/share, at the low-end of its proposed pricing...

ANTYA Investments

Tesla Inc. – Shorting the Shorts – Next Stop $500/Share in 3 Months

For bulls like us Tesla Motors Inc.'s (TSLA US) announcement of meeting production goals is good news. Bears need to find a way out of the mess...

ANTYA Investments

China’s Financial Risks/Deleveraging/Technology Race/Housing Crackdown/Trade War/EU Talks/RRR Cut

China News That Matters Stock market sell-off intensifies Foreign investment encouraged in market shake-up China to lead in 5G development New...

Diana Choyleva