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 #42: Property and Auto Downturn, Air Asia Looks For a Partner

The Autobot Update (September): Aapico's Indian Turnaround

The Autobot Update (December V2): Toyota's Last Stand

The Autobot Update (December): A Visual Tour to the Motor Expo Yo!

The Autobot Update (November): Thai Car Exports in New Heights!

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

Thai Rung Union Car Public Company Limited / Equity Bottom-Up

Thai Rung Union Car Public Company Limited (TRU TB)

Thai Rung Union Car Public Company Limited

<p><strong>In addition to crunching the industry numbers provided to us by Toyota, we also visited Thai Rung</strong>. Thai Rung is one of the smallest and least profitable of the auto stocks, though they seem to have finally turned a corner in this quarter. The company has joint ventures with Japanese firms Kogyo and Kyowa to build seats and car cabins, and they supply Isuzu for the export markets and Tata domestically. In 2017, Thai car exports shrank for the first time, primarily due to high base effects in…</p>

In addition to crunching the industry numbers provided to us by Toyota, we also visited Thai Rung. Thai Rung is one of the smallest and least profitable of the auto stocks, though they seem to have finally turned a corner in this quarter. The company has joint ventures with Japanese firms Kogyo and Kyowa to build seats and car cabins, and they supply Isuzu for the export markets and Tata domestically. In 2017, Thai car exports shrank for the first time, primarily due to high base effects in…

The Autobot Update (March): Riding on the Big Boy's Coattails