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).

IPO Radar: TOA, Thailand's New Paint Tycoon

IPO Radar: Thonburi, Scruffy Hospital from the West Side Yo!

Thai Power Genisys: Origin Stories Before the IPOs

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

Equity Capital Markets

JKN Global Media / Equity Capital Markets

JKN (Jakrapong Networks) will probably IPO sometime this year. While there is limited info at this stage, we did a couple of back-of-the-envelope valuations on this stock and picked the rough price target of Bt10.8/sh, using the "bootstrap" method. If the real IPO price comes in below this, we will try our best to participate and advise you to do the same. In a nutshell, the company makes most of its revenues from Asian series (Korean and Indian), around 20% from cartoons, and the rest from variety shows such as their proprietary The Andrew Show hosted by the founder himself. They also co-produce royal documentaries with National Geographic and are bringing the rather expensive CNBC franchise to Thailand in a first 10-yr contract. Profitable listed media companies are becoming a rarity these days with even state-owned MCOT losing money, and JKN will be one of them. Enjoy the Show!

JKN (Jakrapong Networks) will probably IPO sometime this year. While there is limited info at this stage, we did a couple of back-of-the-envelope valuations on this stock and picked the rough price target of Bt10.8/sh, using the "bootstrap" method. If the real IPO price comes in below this, we will try our best to participate and advise you to do the same. In a nutshell, the company makes most of its revenues from Asian series (Korean and Indian), around 20% from cartoons, and the rest from variety shows such as their proprietary The Andrew Show hosted by the founder himself. They also co-produce royal documentaries with National Geographic and are bringing the rather expensive CNBC franchise to Thailand in a first 10-yr contract. Profitable listed media companies are becoming a rarity these days with even state-owned MCOT losing money, and JKN will be one of them. Enjoy the Show!

IPO Radar: A New Asian Series TV Content Provider Emerges