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).

Sathorn Series J: Non-Bank Financiers and Their Close Kin

Sathorn Series K: TMB on Eastspring and Credit Quality

Sathorn Series L: TISCO on Recent Deals with Citi and StanChart

Sathorn Series H: A Primer to the Structure of Thai Financial Services Industry

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

A quick heads-up on two recent events in Thai banking sector:<ul><li>
TMB agreed to sell 65% stake of its asset management arm TMBAM to Prudential ( See <a href="https://www.smartkarma.com/insights/mckinsey-on-asian-insurance" target="_blank" data-smartkarma-citation="insights:22343">McKinsey on Asian Insurance</a>) for Bt2bn, according to Khao Hoon. The pre-exceptional gains on this deal will be announced later, pending accounting clarifications. TMB will still retain a minority stake, and they feel the move is good because it reduces their conflict of interest as they focus on the Fidelity-style Open Market Architecture, where they…</li></ul>

A quick heads-up on two recent events in Thai banking sector:
TMB agreed to sell 65% stake of its asset management arm TMBAM to Prudential ( See McKinsey on Asian Insurance) for Bt2bn, according to Khao Hoon. The pre-exceptional gains on this deal will be announced later, pending accounting clarifications. TMB will still retain a minority stake, and they feel the move is good because it reduces their conflict of interest as they focus on the Fidelity-style Open Market Architecture, where they…

Sathorn Series I: TMB's PartialDivestment & The Laos Flood Spillover

TMBThanachart Bank

Sathorn Series I: TMB's PartialDivestment & The Laos Flood Spillover