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).

Mechanics and Details of the MINT-NHH Deal in Spain

PTT Group: GPSC-Glow Deal Update / Getting GGC Back on Track

Reality Check XV: How Might a GPSC-Glow Deal Look Like?

Thai Power: A Primer on Regulations, Returns, & Tariffs

Snippets #10: Thailand Goes 5G...SCB/TMB Tie-Up?

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).

Event-Driven

Global Power Synergy Company Ltd / Event-Driven

Global Power Synergy Company Ltd (GPSC TB)

<p><strong>So it's final! GPSC will acquire Glow at Bt96.5/sh</strong>. They have the green light from parent company PTT, and we're happy holders (of Glow that is!) Anyway, the moment this news came out, the tabloids like Khao Hoon were all over them, so GPSC (and earlier on its parent PTT) did a press conference to address their concerns. In this quickie review, we highlight the response to three key investor concerns, so here goes!</p><table class="table table-striped"><tbody>
<tr>
<td>Stocks</td>
<td style="text-align: center;">Shr pr (Bt/sh)</td>
<td style="text-align: center;">Mkt cap (US$ bn)</td>
<td style="text-align: center;">PE (x)</td>
<td style="text-align: center;">P/FCF (x)</td>
<td style="text-align: center;">Yld (%)</td>
</tr>
<tr>
<td>GPSC</td>
<td style="text-align: center;">69.75</td>
<td style="text-align: center;">3.2</td>
<td style="text-align: center;">32.8</td>
<td style="text-align: center;">32.2</td>
<td style="text-align: center;">1.7</td>
</tr>
<tr>
<td>G</td>
</tr>
</tbody></table>…

So it's final! GPSC will acquire Glow at Bt96.5/sh. They have the green light from parent company PTT, and we're happy holders (of Glow that is!) Anyway, the moment this news came out, the tabloids like Khao Hoon were all over them, so GPSC (and earlier on its parent PTT) did a press conference to address their concerns. In this quickie review, we highlight the response to three key investor concerns, so here goes!

Stocks
Shr pr (Bt/sh)
Mkt cap (US$ bn)
PE (x)
P/FCF (x)
Yld (%)


GPSC
69.75
3.2
32.8
32.2
1.7


G

…

Global Power Synergy Company Ltd

Deal Alert! GPSC Goes For the Jugular!