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

Supalai Public Company / Equity Bottom-Up

Five recent interesting trends/news that could influence Thai equities/markets include:<ul>
<li>
Wutthisak Clinic files for bankruptcy. Once one of Thailand's most famous clinics for cosmetic surgery, the filing also has a domino effect on parent company EFORL and the reputation of Vichai Thongtaeng, one of Thailand's most famous investors.</li>
<li>
Supalai diversifies into Australia. On the expertise front, it seems like a risky venture, but given the weak prospects of Thai property and presence of local partners, it may be the right thing to do at this point.</li>
<li>
Small deal updates. In the shadow of CP Group's mega-takeover of Tesco Asia, Ratchaburi, IIG, SKY, and ACAP are all hatching deals of their own. Ootoya, a CENTEL-run brand in Thailand, is also fending a hostile takeover in Japan.</li>
<li>
New alliances. BSR consortium looks set to win two motorway contracts after pulling Gulf into the new alliance. </li>
<li>
KBS delays its plant construction, but their infrastructure fund's IPO still went on in early August. </li>
</ul>

Five recent interesting trends/news that could influence Thai equities/markets include:

Wutthisak Clinic files for bankruptcy. Once one of Thailand's most famous clinics for cosmetic surgery, the filing also has a domino effect on parent company EFORL and the reputation of Vichai Thongtaeng, one of Thailand's most famous investors.

Supalai diversifies into Australia. On the expertise front, it seems like a risky venture, but given the weak prospects of Thai property and presence of local partners, it may be the right thing to do at this point.

Small deal updates. In the shadow of CP Group's mega-takeover of Tesco Asia, Ratchaburi, IIG, SKY, and ACAP are all hatching deals of their own. Ootoya, a CENTEL-run brand in Thailand, is also fending a hostile takeover in Japan.

New alliances. BSR consortium looks set to win two motorway contracts after pulling Gulf into the new alliance. 

KBS delays its plant construction, but their infrastructure fund's IPO still went on in early August. 


Snippets #43: Wutthisak Clinic Bankruptcy, Supalai Goes Down Under

Pan-Asia Equity Bottom-up, Wickhams Hill

Lloyd Moffatt

Pan-Asia Equity Bottom-up

Research-Intensive Fundamental Value Advisor

Wickhams Hill

Wickhams Hill Capital is a research-intensive fundamental value advisor, on long and occasionally short investment opportunities concentrated in small and mid-cap public companies.

Thematic (Sector/Industry)

The Stock Exchange of Thailand is hosting the Thailand Focus 2018 in Bangkok on August 29-31, 2018. This will be a great opportunity to meet some of the 140 companies listed to attend.
More information on the conference and the full list of companies can be found <a href="https://www.set.or.th/thailandfocus/2018/index.html" target="_blank">here</a>.
To filter the broad list of companies in attendance we have run five screens and highlight those which ranked well on each metric and our top picks for the conference.
For an excel with the full list of companies and fundamental…

The Stock Exchange of Thailand is hosting the Thailand Focus 2018 in Bangkok on August 29-31, 2018. This will be a great opportunity to meet some of the 140 companies listed to attend.
More information on the conference and the full list of companies can be found here.
To filter the broad list of companies in attendance we have run five screens and highlight those which ranked well on each metric and our top picks for the conference.
For an excel with the full list of companies and fundamental…

My Top Picks for the 2018 Thailand Focus Conference

Thailand

Triple i Logistics Public Company Limited provides logistics services. The Company offers sea and air freight forwarding, warehousing, distribution, shipping, goods transportation, and container depot services. Triple i Logistics serves customers worldwide.

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Triple i Logistics PCL (III TB)

Snippets #43: Wutthisak Clinic Bankruptcy, Supalai Goes Down Under

Five recent interesting trends/news that could influence Thai equities/markets include: Wutthisak Clinic files for bankruptcy. Once one of...

Athaporn Arayasantiparb, CFA

My Top Picks for the 2018 Thailand Focus Conference

The Stock Exchange of Thailand is hosting the Thailand Focus 2018 in Bangkok on August 29-31, 2018. This will be a great opportunity to meet some...

Lloyd Moffatt

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)