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).

Snippets #34: Tesco in Play, CRC's Indicative IPO Pricing

IPO Radar: ZEN, Our Favorite Japanese Restaurant Chain

Snippets #33: Symptoms of Downturn, Bangkok Bank Goes Indonesia

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

Five interesting developments/trends we recently came across includes:<ul>
<li>
Zen picks up Din's, a trendy Chinese restaurant chain, on a 10-year contract and plans to open 20 new restaurants under this brand over the next three years.</li>
<li>
Tourism Stimulus. The Thai government and banking sector is talking up more stimulus program for Thai tourism. On the menu are lower excise taxes on beverages, financing assistance, and lower airport taxes.</li>
<li>
Thailand tops the global rankings for mobile banking and online gaming. Sounds like good news for Bangkok Bank and Asia Soft.</li>
<li>
DTAC, now under new management, is making a half-hearted bid for the 5G spectrum. This could be an opening for more customer poaching by AIS and True Move.</li>
<li>
CRC's IPO price has been set at Bt42/sh after the process of book-building concluded. This is big profits for Robinson shareholders from the country's biggest IPO and one of the retail sector's large acquisitions.</li>
</ul>

Five interesting developments/trends we recently came across includes:

Zen picks up Din's, a trendy Chinese restaurant chain, on a 10-year contract and plans to open 20 new restaurants under this brand over the next three years.

Tourism Stimulus. The Thai government and banking sector is talking up more stimulus program for Thai tourism. On the menu are lower excise taxes on beverages, financing assistance, and lower airport taxes.

Thailand tops the global rankings for mobile banking and online gaming. Sounds like good news for Bangkok Bank and Asia Soft.

DTAC, now under new management, is making a half-hearted bid for the 5G spectrum. This could be an opening for more customer poaching by AIS and True Move.

CRC's IPO price has been set at Bt42/sh after the process of book-building concluded. This is big profits for Robinson shareholders from the country's biggest IPO and one of the retail sector's large acquisitions.


Snippets #36: Zen's New Chinese Restaurants, DTAC's Cautious Stance