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).

Thoughts on Amazon –What Does Its Valuation Tells Us?

Netflix & Amazon Expand in Korea – Not a Coincidence

Okja: The Fight Between Netflix Vs. CJ CGV

Equity Bottom-Up

<p>We introduce our new series about the story, businesses, and investment themes of the top ten Thai tycoons who have exposure to stock markets, starting the season premiere with the CP Group. Valued at US$14.4bn, Dhanin Cheravonont is Thailand's richest man. Though not the founder, he was the man who put this Group on the map. With his extended family, he controls an empire spanning diverse sectors such as retailing, food, telecoms, and insurance, though we consider food to be the core. They are listed on more than three exchanges, including Thailand, HK, and Indonesia. </p><p>Within this empire, we see significant corporate governance challenges, though we also see some investment opportunities in two stocks, namely CPF and DIF. We are bearish on True Corp and think that CP All is already fairly priced. At the end of the day, this is the biggest private conglomerate in Thailand yo. At the very least, if you are seriously investing in this market, it would help to know their background.</p>

We introduce our new series about the story, businesses, and investment themes of the top ten Thai tycoons who have exposure to stock markets, starting the season premiere with the CP Group. Valued at US$14.4bn, Dhanin Cheravonont is Thailand's richest man. Though not the founder, he was the man who put this Group on the map. With his extended family, he controls an empire spanning diverse sectors such as retailing, food, telecoms, and insurance, though we consider food to be the core. They are listed on more than three exchanges, including Thailand, HK, and Indonesia. Within this empire, we see significant corporate governance challenges, though we also see some investment opportunities in two stocks, namely CPF and DIF. We are bearish on True Corp and think that CP All is already fairly priced. At the end of the day, this is the biggest private conglomerate in Thailand yo. At the very least, if you are seriously investing in this market, it would help to know their background.

Digital Telecommunications Infrastructure Fund (DIF TB)

Digital Telecommunications Infrastructure Fund

Thai-Coons (Season Premiere): The Richest Man in Thailand

CP FOODS

Thai-Coons (Season Premiere): The Richest Man in Thailand