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).

Silicon September 3.0: Changing the Rules of Productivity (AI, VR, & Robotics)

Silicon September 4.0: Drones & Internet of Things

Silicon September 5.0: Sharing Economy...Phantom Menace for Hotel Industry

Silicon September 1.0: Ride Hailing and Autonomous Driving

Tesla 10Q Filings : Another Capital Raise on the Horizon in Early Q4 2016

Equity Bottom-Up

<p>While fintech is old news in the West, it is starting to gain attention and momentum in Thailand, as StatsAsia projects that the value of Thai fintech sector will grow 20% CAGR, mainly led by mobile payment. A closer look seems to show that mixed models (bricks-and-clicks) similar to Charles Schwab works better than a pure model, a la E*Trade in America.</p><p>As ambitious fintech platforms go after the Big Boys of Sathorn, we think their only path to survival is collaboration. Amongst the incumbents, we like KBANK best on this theme. KBANK has itself hedged. While still making money on conventional banking, they are also going all in with fintech, even appointing the younger and more tech-savvy co-president (Teeranun Srihong) for the task. Looks like they are trying to go for another, "Heads We Win, Tails We Win...a Little Less" strategy that we mentioned earlier in our Thaicom review.</p>

While fintech is old news in the West, it is starting to gain attention and momentum in Thailand, as StatsAsia projects that the value of Thai fintech sector will grow 20% CAGR, mainly led by mobile payment. A closer look seems to show that mixed models (bricks-and-clicks) similar to Charles Schwab works better than a pure model, a la E*Trade in America.As ambitious fintech platforms go after the Big Boys of Sathorn, we think their only path to survival is collaboration. Amongst the incumbents, we like KBANK best on this theme. KBANK has itself hedged. While still making money on conventional banking, they are also going all in with fintech, even appointing the younger and more tech-savvy co-president (Teeranun Srihong) for the task. Looks like they are trying to go for another, "Heads We Win, Tails We Win...a Little Less" strategy that we mentioned earlier in our Thaicom review.

Silicon September 2.0: Fintech Revolution...Incumbents Vs Insurgents

Kasikornbank PCL

Silicon September 2.0: Fintech Revolution...Incumbents Vs Insurgents