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).

Thai Market Update: Europe, Tourism, and More

Thematic (Sector/Industry)

Thailand Consumer discretionary / Thematic (Sector/Industry)

<p>In this review, we look at the three titled global developments and work out the best near term (one to two month) and medium term (H2'17) course of action for the Thai market. The general strategy is to focus on <strong>inflation beneficiaries</strong> with some qualifications. For example, it may not be such a good idea to load up on too much energy stocks at the moment, but <em>banks and some select consumer names</em> might do well.</p><table class="table table-striped"><tbody>
<tr>
<td>Stocks</td>
<td style="text-align: center;">Business</td>
<td style="text-align: center;">Shr pr (Bt/sh)</td>
<td style="text-align: center;">Mkt cap (US$ bn)</td>
<td style="text-align: center;">PE (x)</td>
<td style="text-align: center;">PBV (x)</td>
<td style="text-align: center;">Yld (%)</td>
<td style="text-align: center;">ROE (%)</td>
</tr>
<tr>
<td>CPF</td>
<td style="text-align: center;">Food</td>
<td style="text-align: center;">26.25</td>
<td style="text-align: center;">6</td>
<td style="text-align: center;">13</td>
</tr>
</tbody></table>…

In this review, we look at the three titled global developments and work out the best near term (one to two month) and medium term (H2'17) course of action for the Thai market. The general strategy is to focus on inflation beneficiaries with some qualifications. For example, it may not be such a good idea to load up on too much energy stocks at the moment, but banks and some select consumer names might do well.

Stocks
Business
Shr pr (Bt/sh)
Mkt cap (US$ bn)
PE (x)
PBV (x)
Yld (%)
ROE (%)


CPF
Food
26.25
6
13

…

Thai Market Strategy: Fed, France, & Trump