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).

Singapore Airlines - Take off Remains Unclear

Singapore Airlines Q2 Results - Parent Better but Minimal Improvement Overall. Dividend +11%

Singapore Airlines (SIA SP) - Upcoming Results. Sitting Pretty but Possible Cash Call.

Equity Bottom-Up

Old Wine in New Bottle. In September, the unpopular Nok Air CEO Patee Sarasin resigned in favor of his deputy Piya Yodmanee, who immediately announced plans to recapitalize to the tune of Bt1.7bn without committing to any timeline regarding when Nok Air would return to profitability. The stock rose soon after his appointment, and Thai Airways softened its stance on not joining the recap plan. China's Henan Group continues to wait in its wings, seemingly eager to pounce on Nok Air at least via…

Old Wine in New Bottle. In September, the unpopular Nok Air CEO Patee Sarasin resigned in favor of his deputy Piya Yodmanee, who immediately announced plans to recapitalize to the tune of Bt1.7bn without committing to any timeline regarding when Nok Air would return to profitability. The stock rose soon after his appointment, and Thai Airways softened its stance on not joining the recap plan. China's Henan Group continues to wait in its wings, seemingly eager to pounce on Nok Air at least via…

Nok Airlines

Nok (Bird) Air: Albatross or Galapagos?