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).

Homepro Struggles Against High Base Effects

HMPRO (HMPRO TB): Continued Margin and Store Expansions

The Little League (Ep. 4): Tales from the Kitchen

The Little League (Ep.3): Bangkok's Bechtel

The Little League (Ep. 2): The Adventurer and AC Milan

Equity Bottom-Up

<p>Of the three property tycoons, the <strong>Asavabhokin of Land &amp; House Group </strong>may not be the richest, though many argue they are most influential. Their rivalry with the Kanjanapats of Bangkok Land and BTS are stuff of legends. Apart from controlling three large listed property developers (LH, AP, and QH), the Group also has both a hospitality business (LHHOTEL and Centerpoint service apartment) and retail arms such includes Homepro, Fashion Island, and the iconic Terminal 21 on Asoke junction. If that's still not enough to impress you, there's also a tiny-ish construction materials firm called QCON on the side. All in, these 7 listed entities are worth almost US$10bn yo! That's similar to the size of KTB Group. In terms of investment, we only own QH, which has high yield and cheap valuations. Unfortunately, the sector's performance hasn't been great, given the concerns of interest rate hikes next year, but it is what it is yo.</p>

Of the three property tycoons, the Asavabhokin of Land &amp; House Group may not be the richest, though many argue they are most influential. Their rivalry with the Kanjanapats of Bangkok Land and BTS are stuff of legends. Apart from controlling three large listed property developers (LH, AP, and QH), the Group also has both a hospitality business (LHHOTEL and Centerpoint service apartment) and retail arms such includes Homepro, Fashion Island, and the iconic Terminal 21 on Asoke junction. If that's still not enough to impress you, there's also a tiny-ish construction materials firm called QCON on the side. All in, these 7 listed entities are worth almost US$10bn yo! That's similar to the size of KTB Group. In terms of investment, we only own QH, which has high yield and cheap valuations. Unfortunately, the sector's performance hasn't been great, given the concerns of interest rate hikes next year, but it is what it is yo.

The Little League (Season Finale): The Nelson to Kanjanapat's Napoleon

Land & Houses PCL

The Little League (Season Finale): The Nelson to Kanjanapat's Napoleon