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 CIO's Corner: QE Unwinding, Laggards, & Rejuvenators

Thai Strategy 2018 (Part II): Stock Picks

Equity Bottom-Up

<p>In this review, we add PTT and Thai Union to our list of top picks. Energy prices are likely set to rise with renewed Iran sanctions, and a third of TU's business is based in America...not an exporter but a domestic company called Chicken of the Sea. (Make Tuna Great Again!) We retain BTS, TIPCO, and DTAC as top picks, but given the M&amp;A execution risk, offer STEC as an option to DTAC for those who don't wanna put their chips with the deal (We still favor DTAC as a target BTW). Also, most indications (a weak Euro unity and Trump's leaning towards weaker dollar and protectionism) point to a stronger Baht. Importers like Jubilee could benefit, as could those who make money in Baht but have expenses in dollars like AIS (capex) and CPN (foreign luxury brands).</p>

In this review, we add PTT and Thai Union to our list of top picks. Energy prices are likely set to rise with renewed Iran sanctions, and a third of TU's business is based in America...not an exporter but a domestic company called Chicken of the Sea. (Make Tuna Great Again!) We retain BTS, TIPCO, and DTAC as top picks, but given the M&amp;A execution risk, offer STEC as an option to DTAC for those who don't wanna put their chips with the deal (We still favor DTAC as a target BTW). Also, most indications (a weak Euro unity and Trump's leaning towards weaker dollar and protectionism) point to a stronger Baht. Importers like Jubilee could benefit, as could those who make money in Baht but have expenses in dollars like AIS (capex) and CPN (foreign luxury brands).

Sino-Thai Engineering & Construction (STEC TB)

The CIO's Corner: Iran Sanctions, Eurozone Breakdown, and Importers

PTT PCL

The CIO's Corner: Iran Sanctions, Eurozone Breakdown, and Importers