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).

JUBILE: Nation's Biggest Retailer of Diamond Jewelry

IPO Radar: Osothspa, The Thai Energy Giant Behind M-100/M-150

IPO Radar: M Vision, The Guys Who Bought Us the Iconic Mobile Expo

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>Pranda isn't exactly outta the woods yet, but they are taking some tough measures to turn around the business</strong>. When we last met, they were in quite a fix due to the volatility of the B/E market ( <a href="https://www.smartkarma.com/insights/snippets-3-thailand-s-new-debt-crisis-hmm-maybe-not" target="_blank" data-smartkarma-citation="insights:8293">Snippets#3: Thailand's New Debt Crisis? Hmm...Maybe Not</a>) which caused many creditors to call in their debts. During the period, Pranda reduced their debt level from Bt515m to Bt490m. At first glance, things may not seem like they have improved yet. Revenues dropped by a quarter YoY to Bt707m, and losses…</p>

Pranda isn't exactly outta the woods yet, but they are taking some tough measures to turn around the business. When we last met, they were in quite a fix due to the volatility of the B/E market ( Snippets#3: Thailand's New Debt Crisis? Hmm...Maybe Not) which caused many creditors to call in their debts. During the period, Pranda reduced their debt level from Bt515m to Bt490m. At first glance, things may not seem like they have improved yet. Revenues dropped by a quarter YoY to Bt707m, and losses…

Pranda Jewelry

Pranda's Tough Love Road to Recovery