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: Rich Sport, the Thai "Shoe Dog"

IPO Radar: Grand Prix, the Guys Who Bought Us Motor Show Yo!!

The Autobot Update (November): Thai Car Exports in New Heights!

IPO Radar: ICN, Nokia Siemens' Best Buddy

Small Cap Diary: Flickering Light by the Sick Bay

November & Beyond (Part 1): Shields Up, Spartans!

IPO Radar: Another Melting Ice Cube on Sathorn Road

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

Equity Capital Markets

<p>Ever since BEAUTY did its IPO less than five years ago, it has become the holy grail for Thai cosmetic/skincare sector (the line is so thin). We're not saying DDD (Do Day Dream) is the next BEAUTY, but one can <em>dream </em>so to speak. In this review, we prefer relative valuation (28x) to DCF, because otherwise, you may miss out on a hot sector where none of the stocks are cheap. Our trading range is Bt30 to Bt39/sh for this stock. The company sells the popular skincare product Snail White in its Namu Life store and is considered one of the new popular products in Thailand.</p>

Ever since BEAUTY did its IPO less than five years ago, it has become the holy grail for Thai cosmetic/skincare sector (the line is so thin). We're not saying DDD (Do Day Dream) is the next BEAUTY, but one can dream so to speak. In this review, we prefer relative valuation (28x) to DCF, because otherwise, you may miss out on a hot sector where none of the stocks are cheap. Our trading range is Bt30 to Bt39/sh for this stock. The company sells the popular skincare product Snail White in its Namu Life store and is considered one of the new popular products in Thailand.

IPO Radar: Do Day Dream, the Turbo-Charged Snail Cream Startup