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).

The Week that Was in ASEAN@Smartkarma - Widodo Wins, Thailand Picks, and Indonesian Towers

Snippets #24: Kerry's Thai IPO, SCB Re-Arranges Its Portfolio

Political Pit Stop (May): Search for Solution

Political Pit Stop (April): An Election Gridlock

Political Pit Stop (March): Time of Controversy

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).

Thematic (Sector/Industry)

Sino-Thai Engineering & Construction (STEC TB)

In May, major steps towards government formation was achieved. Yet, the next government doesn't look very stable. Here's a run-down of the key updates:<ul>
<li>
The Army faction reaches accommodation with Democrats and Bhumjaithai after heavy negotiations that almost saw their two key allies join the opposition and force them into an unenviable position of minority government.</li>
<li>
Media ownership. A relatively obscure new rule pushed by aggressive political litigator Srisuwan Chanya poses disqualification to many elected MPs, most notably Future Forward leader Tanatorn, and related parties. In fact, this problem may drag on to a period after the government formation.</li>
<li>
Democrat internal election. Incumbent southerner Jurin defeats rivals linked to Abhisit and Suthep for Party Leadership. </li>
<li>
Party List seat controversy. A disputed calculation by the EC sees almost a dozen new tiny parties in Parliament, but this is disputed by both FFP Secretary Piyabutr and political vigilante Srisuwan.</li>
</ul>

In May, major steps towards government formation was achieved. Yet, the next government doesn't look very stable. Here's a run-down of the key updates:

The Army faction reaches accommodation with Democrats and Bhumjaithai after heavy negotiations that almost saw their two key allies join the opposition and force them into an unenviable position of minority government.

Media ownership. A relatively obscure new rule pushed by aggressive political litigator Srisuwan Chanya poses disqualification to many elected MPs, most notably Future Forward leader Tanatorn, and related parties. In fact, this problem may drag on to a period after the government formation.

Democrat internal election. Incumbent southerner Jurin defeats rivals linked to Abhisit and Suthep for Party Leadership. 

Party List seat controversy. A disputed calculation by the EC sees almost a dozen new tiny parties in Parliament, but this is disputed by both FFP Secretary Piyabutr and political vigilante Srisuwan.


Political Pit Stop (June): The Game of Thrones Ends...Sort Of