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).

Thailand: Revenue Trends Have Improved but Telcos Need Spectrum. It Will Be Costly.

Thai Media Spotlight: Digital TVs Get New Lifeline From License Fee Cuts

Thai Mobile: DTAC Revenue Declines Again in 3Q17 as Market Share Falls.

Three Kingdoms of Thai Telecoms: The Battle of 2300MHz

DTAC's Plan B: 2300MHz Spectrum JV with TOT

Thematic (Sector/Industry)

Thailand Wireless telecommunication services / Thematic (Sector/Industry)

<blockquote><p>In early September, the regulator NBTC agreed to reduce license fees for large operators (revenue &gt; Bt5bn) from 1.3% to 1%. This basically covers all three major listed ones (AIS, DTAC, True). Smaller operators will get an even bigger reduction on a sliding scale, but those won't impact the stock market. The <em>intended </em>purpose of this regulatory change is to increase competition, but like all mandated top-down things in life, they tend to have unintended consequences as well.</p></blockquote><table class="table table-striped"><tbody>
<tr>
<td>Stocks</td>
<td style="text-align: center;">Business</td>
<td style="text-align: center;">Shr pr</td>
</tr>
</tbody></table>…

In early September, the regulator NBTC agreed to reduce license fees for large operators (revenue &gt; Bt5bn) from 1.3% to 1%. This basically covers all three major listed ones (AIS, DTAC, True). Smaller operators will get an even bigger reduction on a sliding scale, but those won't impact the stock market. The intended purpose of this regulatory change is to increase competition, but like all mandated top-down things in life, they tend to have unintended consequences as well.

Stocks
Business
Shr pr

…

Potential Upside from License Fee Reduction

Thailand Wireless Telecommunication Services

Potential Upside from License Fee Reduction