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 Stories #4: The One About Microsoft

Silicon Stories #5: Microsoft's Mid-Life Crisis

Silicon Stories#1: Intelligent Shopping (The Rise of Amazon Go)

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

Thematic (Sector/Industry)

While most renewable energy stocks in Thailand (SUPER, DEMCO) are overvalued in our view, it is worthwhile to note the technological advances in power industry, especially since Tesla and rivals are already eyeing Thailand as a production hub for electrical vehicles. Warren Buffett puts more money to use in driving solar and wind power than anyone, but we think Elon Musk's "distributed generation" model is more likely the face of the future. Several Thai brokers believe that with reserve margin at ridiculously high levels of almost 30%, Thailand is likely to see more power growth in the renewable side than conventional side (gas, coal, hydro). It may sound counter-intuitive, but if you like Musk's idea, SENA, a housing developer trading at 6.1x PE and yielding 6.3%, might be the stock for you.The so-called E-Power Revolution is not limited to renewables, but extends to making the grid more intelligent: 1) smart metering to do away with measurement staff; 2) wireless charging via power lines; and 3) common use of power lines to send telecom or media signals yo. Because technology is a phase rather than a standalone sector, it touches pretty much everything we experience, and the power sector will be no different.

While most renewable energy stocks in Thailand (SUPER, DEMCO) are overvalued in our view, it is worthwhile to note the technological advances in power industry, especially since Tesla and rivals are already eyeing Thailand as a production hub for electrical vehicles. Warren Buffett puts more money to use in driving solar and wind power than anyone, but we think Elon Musk's "distributed generation" model is more likely the face of the future. Several Thai brokers believe that with reserve margin at ridiculously high levels of almost 30%, Thailand is likely to see more power growth in the renewable side than conventional side (gas, coal, hydro). It may sound counter-intuitive, but if you like Musk's idea, SENA, a housing developer trading at 6.1x PE and yielding 6.3%, might be the stock for you.The so-called E-Power Revolution is not limited to renewables, but extends to making the grid more intelligent: 1) smart metering to do away with measurement staff; 2) wireless charging via power lines; and 3) common use of power lines to send telecom or media signals yo. Because technology is a phase rather than a standalone sector, it touches pretty much everything we experience, and the power sector will be no different.

Silicon Stories#2: The E-Power Revolution