Asean-focused. Ex-Head of Thai Research

Athaporn Arayasantiparb, CFA

Equity Bottom-Up

Thoresen Thai Agencies / Equity Bottom-Up

<p>Hanjin Shipping, the largest Korean shipper and 7th largest in the world, has filed for bankruptcy last month, creating a great deal of confusion for authorities and customers worldwide. The Thai media has said that the global supply glut is so great that even Hanjin's removal alone is unlikely to benefit any of the Thai shippers, though our friends at <a href="https://www.smartkarma.com/profiles/356" target="_blank" data-smartkarma-citation="accounts:356">Drewry Maritime Equity Research</a>  said that this may not be 100% true. In the short term, customers may have to scramble to find replacement…</p>

Hanjin Shipping, the largest Korean shipper and 7th largest in the world, has filed for bankruptcy last month, creating a great deal of confusion for authorities and customers worldwide. The Thai media has said that the global supply glut is so great that even Hanjin's removal alone is unlikely to benefit any of the Thai shippers, though our friends at Drewry Maritime Equity Research  said that this may not be 100% true. In the short term, customers may have to scramble to find replacement…

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Thematic (Sector/Industry)

<ul>
<li>Obama continues the 'pivot to Asia' by attending the ASEAN meeting in Laos.</li>
<li>ASEAN is a critical component of SE Asian stability, partnership with the US and should be a united front in protesting Chinese intrusions into the South China Sea.</li>
<li>A high-profile spat with Philippine president Duterte was an unfortunate distraction and an unhelpful development for the Philippines which benefits from strong U.S. support.</li>
<li>Thailand and Malaysia look like the best opportunities in ASEAN in the medium-term.</li>
<li>BUY…</li>
</ul>


Obama continues the 'pivot to Asia' by attending the ASEAN meeting in Laos.
ASEAN is a critical component of SE Asian stability, partnership with the US and should be a united front in protesting Chinese intrusions into the South China Sea.
A high-profile spat with Philippine president Duterte was an unfortunate distraction and an unhelpful development for the Philippines which benefits from strong U.S. support.
Thailand and Malaysia look like the best opportunities in ASEAN in the medium-term.
BUY…


Takeaways from ASEAN - Investment Opportunities

Thailand

Thoresen Thai Agencies PCL is a maritime and commodity-focused business group with Transport, Energy, and Infrastructure businesses in the Asia-Pacific region. The Group's businesses include dry bulk shipping, inter-island petroleum and gas tankering, offshore oil and gas services, coal mining, fertilizer production and distribution, and integrated port and logistics services.

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Thoresen Thai Agencies (TTA TB)

Thai-Tanic: TTA Vs Hanjin

Hanjin Shipping, the largest Korean shipper and 7th largest in the world, has filed for bankruptcy last month, creating a great deal of confusion...

Athaporn Arayasantiparb, CFA

Takeaways from ASEAN - Investment Opportunities

Obama continues the 'pivot to Asia' by attending the ASEAN meeting in Laos. ASEAN is a critical component of SE Asian stability, partnership with...

David Riedel

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52-week Range

Market Cap (USDm)

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