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).

BANPU (BANPU TB): Strong Coal Prices Should Drive Earnings

Thai Macro Watch (June 18): North Korean Long Shots in the Thai Market

Thai Macro Watch: Osaka, Trump, & Automation

Rabble Rousers (Episode 2): The Hardest Dots To Connect

BANPU: On Track to Become a Diversified Energy Player

Snippets#3: Thailand's New Debt Crisis? Hmm...Maybe Not

Snippets#2: Most Profitable Bank's Best Year

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

<p><strong>Banpu is arguably one of our worst investments ever. </strong>The company has lost 70% of its market cap since the highs, and we're glad to get out. These days, however, the company seems to have a thing or two going for them. Positives include the fact that: 1) Newcastle coal prices now trade above US$100/t; 2) excitement over the Marcellus field in Pennsylvania, which Fortune magazine calls "The Saudi Arabia of shale"; and 3) possible victory in the court case at Hongsa Lignite in Laos, which is…</p>

Banpu is arguably one of our worst investments ever. The company has lost 70% of its market cap since the highs, and we're glad to get out. These days, however, the company seems to have a thing or two going for them. Positives include the fact that: 1) Newcastle coal prices now trade above US$100/t; 2) excitement over the Marcellus field in Pennsylvania, which Fortune magazine calls "The Saudi Arabia of shale"; and 3) possible victory in the court case at Hongsa Lignite in Laos, which is…

Banpu Public

Banpu Diversifies Into Green Energy