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).

The NEW Week that Was in ASEAN@Smartkarma - Syariah Banking, XL Axiata, and Telkom's Tower Spinoff

Snippets #46: Thailand in Turmoil, Intuch Points Exchange

Reality Check XXV: How Much Upside Is Cambodia Worth to CP All?

Thai M&A (Part 1): Five Biggest Deals in Thai History

Mechanics and Details of the CP Group-Tesco Deal

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 recent news/trends that could impact Thai equities include:<ul>
<li>
Lobster Alliance. Thai Union buys out Golden Gate and invites Seafood Alliance (MINT and MK executives) to invest in Red Lobster.</li>
<li>
CP All reveals its expansion plans in Laos shortly after it gained exclusive rights to expand into Cambodia. Thailand's largest retailer is fast becoming a regional player.</li>
<li>
Property SOS. Thailand's struggling property sector take measures to survive. Raimon gets Singapore group Mesa Thai as new investors, while Sansiri cuts prices to draw cash flows.</li>
<li>
The Venezuela connection. America slaps a sanction on TASCO for using crude from Venezuela, prompting TASCO to close down its KBM refinery which accounts for half of its output.</li>
<li>
CPF acquires CP Group's Chinese swine business, valued at Bt131bn, through a share swap with its non-listed Chia Tai business. The share price jumped 7%, but this is a rather weak response, considering that CP Foods could be getting a 50% premium for its swaps.</li>
</ul>

Five interesting recent news/trends that could impact Thai equities include:

Lobster Alliance. Thai Union buys out Golden Gate and invites Seafood Alliance (MINT and MK executives) to invest in Red Lobster.

CP All reveals its expansion plans in Laos shortly after it gained exclusive rights to expand into Cambodia. Thailand's largest retailer is fast becoming a regional player.

Property SOS. Thailand's struggling property sector take measures to survive. Raimon gets Singapore group Mesa Thai as new investors, while Sansiri cuts prices to draw cash flows.

The Venezuela connection. America slaps a sanction on TASCO for using crude from Venezuela, prompting TASCO to close down its KBM refinery which accounts for half of its output.

CPF acquires CP Group's Chinese swine business, valued at Bt131bn, through a share swap with its non-listed Chia Tai business. The share price jumped 7%, but this is a rather weak response, considering that CP Foods could be getting a 50% premium for its swaps.


Snippets #45: Lobster Alliance, CP All Goes to Laos

CP ALL PCL

Snippets #45: Lobster Alliance, CP All Goes to Laos