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).

TKN: Building Plants to Match Growing Snack Market

The Chef's Selection: The Best of May/June Company Visits

Equity Bottom-Up

Taokaenoi Food & Marketing / Equity Bottom-Up

<p><strong>Strong Seaweed Growth. </strong>Taokaenoi, the country’s largest seaweed producer, posted another roaring results with 34% revenue growth to Bt4.7bn in 2016 and almost doubled its earnings to Bt782m. Market share also climbed from 62% to 66%. They are wary about mentioning their next closest peer, but it is Singha Group’s Machida brand. We are not sure who the smaller brands from number 3 onwards are, but smaller major brands in Thailand include Silico and Charoen’s Onori. 41% of TKN’s seaweed is sold in…</p>

Strong Seaweed Growth. Taokaenoi, the country’s largest seaweed producer, posted another roaring results with 34% revenue growth to Bt4.7bn in 2016 and almost doubled its earnings to Bt782m. Market share also climbed from 62% to 66%. They are wary about mentioning their next closest peer, but it is Singha Group’s Machida brand. We are not sure who the smaller brands from number 3 onwards are, but smaller major brands in Thailand include Silico and Charoen’s Onori. 41% of TKN’s seaweed is sold in…

Taokaenoi Food & Marketing

The Seaweed Kid & Tipco's Nemesis