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).

Three of a Kind: Piles, Furnitures, and Lighting

The New Abnormal (Part II): Boosting Consumption & Hypermarket Wars

The New Abnormal (Part I): Low Energy Prices...Dude, Where's My Exit?

Thematic (Sector/Industry)

Thailand Consumer staples / Thematic (Sector/Industry)

<p>The military government has revived the "Shop Peau Chart" campaign which aims to spur retail spending in the last days of December 2016. We think the impact will be strong but very short term in nature, as it only benefits locals (not tourists) and is limited to certain items (no beer, cigarettes, insurance, or hotels yo!) that come with receipts. We also examine the existing SSS growth of Thai retailers and find upcountry Thailand to be particularly tepid. We continue to like BJC because we believe they have hit rock-bottom and will benefit from reduction in commercially destructive discount coupons. CP All's focus on small-ticket items means it will probably not benefit as much as mall operators and those who sell furniture (GLOBAL, Homepro) which sell bigger ticket items.</p>

The military government has revived the "Shop Peau Chart" campaign which aims to spur retail spending in the last days of December 2016. We think the impact will be strong but very short term in nature, as it only benefits locals (not tourists) and is limited to certain items (no beer, cigarettes, insurance, or hotels yo!) that come with receipts. We also examine the existing SSS growth of Thai retailers and find upcountry Thailand to be particularly tepid. We continue to like BJC because we believe they have hit rock-bottom and will benefit from reduction in commercially destructive discount coupons. CP All's focus on small-ticket items means it will probably not benefit as much as mall operators and those who sell furniture (GLOBAL, Homepro) which sell bigger ticket items.