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).

Thoughts on Amazon –What Does Its Valuation Tells Us?

Netflix & Amazon Expand in Korea – Not a Coincidence

Okja: The Fight Between Netflix Vs. CJ CGV

Equity Bottom-Up

<p>Operators are the prime beneficiaries of the Pokemon Go craze that hit Thailand, though we suspect DTAC may benefit more than True Corp given its much lower market cap and depressed expectations following its recent 90% earnings decline. Pokemon Go is not a game changer but a short term catalyst given the small actual magnitude of the game even in the best case.</p><p>Amongst the mobile phone retailers, we believe Jaymart is the biggest beneficiary of Pokemon Go from higher battery sales. Com 7, operator of the largest iStudio chain in Thailand, is more geared towards iPhones, and globally iPhone is rapidly losing market share to Android. On the other hand, Telewiz and Samart i-Mobile have increasingly moved towards selling lower-end Chinese-made phones, especially proprietary brands. But we suspect that it is the higher end smartphones such as Samsung Galaxy S7 Edge that will capture the bulk of players, since this game requires high quality GPS satellite reception for a really smooth game.</p>

Operators are the prime beneficiaries of the Pokemon Go craze that hit Thailand, though we suspect DTAC may benefit more than True Corp given its much lower market cap and depressed expectations following its recent 90% earnings decline. Pokemon Go is not a game changer but a short term catalyst given the small actual magnitude of the game even in the best case.Amongst the mobile phone retailers, we believe Jaymart is the biggest beneficiary of Pokemon Go from higher battery sales. Com 7, operator of the largest iStudio chain in Thailand, is more geared towards iPhones, and globally iPhone is rapidly losing market share to Android. On the other hand, Telewiz and Samart i-Mobile have increasingly moved towards selling lower-end Chinese-made phones, especially proprietary brands. But we suspect that it is the higher end smartphones such as Samsung Galaxy S7 Edge that will capture the bulk of players, since this game requires high quality GPS satellite reception for a really smooth game.

Jaymart PCL

DTAC & Jaymart: Rise of the Pikachu