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).

UV: Land Bank Grows as Real Estate Sales on High Rise

STAR: Biggest Refiner Outside the PTT Group

Three of a Kind: Jeans, Glasses, and Cameras

Equity Bottom-Up

Golden Land Property Development / Equity Bottom-Up

Golden Land Property Development (GOLD TB)

<p>We visited two companies today. Golden Land seemed to have pretty decent outlook, though it is more expensive than stocks we have in our portfolio such as QH and SIRI, which trade around 7x PE. As for BJCHI, we have to admit it's quite a disappointment; you kinda know it when management is trying to make things sound better than they really are. Last but not least, we provide some political updates just to spice things up and complete with review.</p><table class="table table-striped"><tbody>
<tr>
<td style="width: 99.1667px;"><strong>Stock</strong></td>
<td style="width: 133.833px;"><strong>Business</strong></td>
<td style="text-align: center; width: 182px;"><strong>Shr pr (Bt/sh)</strong></td>
<td style="text-align: center; width: 216px;"><strong>Mkt cap (US$ m)</strong></td>
<td style="text-align: center; width: 100px;"><strong>PE (x)</strong></td>
</tr>
</tbody></table>…

We visited two companies today. Golden Land seemed to have pretty decent outlook, though it is more expensive than stocks we have in our portfolio such as QH and SIRI, which trade around 7x PE. As for BJCHI, we have to admit it's quite a disappointment; you kinda know it when management is trying to make things sound better than they really are. Last but not least, we provide some political updates just to spice things up and complete with review.

Stock
Business
Shr pr (Bt/sh)
Mkt cap (US$ m)
PE (x)

…

Golden Land Property Development

Property, Portfolio, & Politics