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).

Thai Retailing: 2017's Low Base a Boon for 2018

Thai Macro Watch (March'18): Dodging the Global Trade War

A Tale of Two Retailers: Homepro & Future Park

MC: Apparel Retailer Stretches Portfolio to Lifestyle Goods

Reality Check IV: Can "Shop Peau Chart" Revive Thai Retailing?

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

IPO Radar: Rich Sport, the Thai "Shoe Dog"

The Autobot Update (October): Honda Steals Toyota's Crown

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>Mc Group has had to adapt drastically to the mourning period</strong> ( <a href="https://www.smartkarma.com/insights/three-of-a-kind-jeans-glasses-and-cameras" target="_blank" data-smartkarma-citation="insights:7128">Three of a Kind: Jeans, Glasses, and Cameras</a>), because one way in which they differentiated themselves and gained the top spot in the Thai jeans market was by providing jeans in bold colors like yellow and pink rather than the staid denim blues Levi-style. During the mourning period, it was inappropriate to wear such colors, and the inventories stacked up big time.  </p><table class="table table-striped"><tbody>
<tr>
<td style="width: 157px;">Stocks</td>
<td style="width: 163px;">Business</td>
<td style="text-align: center; width: 156px;">Shr pr (Bt/sh)</td>
<td style="text-align: center; width: 186px;">Mkt cap (US$ m)</td>
<td style="text-align: center; width: 86px;">PE (x)</td>
<td style="text-align: center; width: 98.6667px;">Yld (%)</td>
</tr>
<tr>
<td style="width: 157px;">MC</td>
<td style="width: 163px;">Jeans</td>
<td style="text-align: center; width: 156px;">14.9</td>
<td style="text-align: center; width: 186px;">3</td>
</tr>
</tbody></table>…

Mc Group has had to adapt drastically to the mourning period ( Three of a Kind: Jeans, Glasses, and Cameras), because one way in which they differentiated themselves and gained the top spot in the Thai jeans market was by providing jeans in bold colors like yellow and pink rather than the staid denim blues Levi-style. During the mourning period, it was inappropriate to wear such colors, and the inventories stacked up big time.  

Stocks
Business
Shr pr (Bt/sh)
Mkt cap (US$ m)
PE (x)
Yld (%)


MC
Jeans
14.9
3

…

Mc Group: So This Is What Rock Bottom Looks Like

MC Group Pcl

Mc Group: So This Is What Rock Bottom Looks Like