Asean-focused. Ex-Head of Thai Research

Athaporn Arayasantiparb, CFA

Athaporn 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 22 years, of which 19 were in research and 9 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 performs financial advisory services for TKC Services and provides 11 other on-going thematic series ranked by frequency in descending order, namely:

1) Snippets (news-driven);
2) Sathorn Series (financial services);
3) Silicon Stories (technology); 
4) Thai-Coons (billionaire origin series);
5) Reality Check (data-driven, investigative);
6) Thai Media Spotlight;
7) Political Pit Stop; 
8) Telecom Review; 
9) Thai Macro Watch (read-through from foreign events);  
10) Small Cap Diary; and
11) Property Grid

There are also 3 limited-time series driven by specific events or locations, namely:
1) Thai Corona Crisis;
2) South Series; and
3) Mechanics and Details (deal forensics).

Three Kingdoms of Thai Telecoms: The Battle of 2300MHz

IPO Radar: ICN, Nokia Siemens' Best Buddy

Equity Bottom-Up

<p>AIS arranged a full-day event to highlight four themes on November 18, namely: 1) its ambitious 'digital transformation' goals; 2) AIS Fiber as a new growth engine; 3) its marketing and branding initiatives; and 4) its human resource policies. Some of the key takeaways include the fact that:</p><ul><li>the industry remains very competitive on all fronts. Neither AIS nor True Move looks like they will concede ground to the other side...translation: More price war. Winner: Apple.</li><li>some hopes on AIS Fiber even as a standalone basis. While we think it's still advisable for them to scale up quickly by acquiring Jasmine, it's nice for them to have Plan B. Not sure if this talk today had a negative impact on Jasmine's share price. </li><li>an interesting anecdote about the spat between them and CP All, the sole operator of 7-Eleven in Thailand, which ironically could end up benefiting a neutral Forth, which operates top-up kiosks...many of which are located outside 7-Elevens.</li></ul><p>Interestingly, no one seems to discuss DTAC, though its potential acquisition remained a favorite topic amongst the analysts.</p>

AIS arranged a full-day event to highlight four themes on November 18, namely: 1) its ambitious 'digital transformation' goals; 2) AIS Fiber as a new growth engine; 3) its marketing and branding initiatives; and 4) its human resource policies. Some of the key takeaways include the fact that:the industry remains very competitive on all fronts. Neither AIS nor True Move looks like they will concede ground to the other side...translation: More price war. Winner: Apple.some hopes on AIS Fiber even as a standalone basis. While we think it's still advisable for them to scale up quickly by acquiring Jasmine, it's nice for them to have Plan B. Not sure if this talk today had a negative impact on Jasmine's share price. an interesting anecdote about the spat between them and CP All, the sole operator of 7-Eleven in Thailand, which ironically could end up benefiting a neutral Forth, which operates top-up kiosks...many of which are located outside 7-Elevens.Interestingly, no one seems to discuss DTAC, though its potential acquisition remained a favorite topic amongst the analysts.

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