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).

Thoughts on Amazon –What Does Its Valuation Tells Us?

Netflix & Amazon Expand in Korea – Not a Coincidence

Okja: The Fight Between Netflix Vs. CJ CGV

Thematic (Sector/Industry)

<p>With the exception of AIS and MINT, we found that the majority of Thai stocks with large upcountry exposure (predominantly retailers) are priced at very high valuations of usually 30x PE or higher, but in reality, the growth momentum in upcountry Thailand could lag behind that of Bangkok. In light of this, we urge investors to be wary of them. Bangkok accounts for around 10% of the Thai population despite its tiny area in land mass but close to a quarter of the Thai economy. Historically, it…</p>

With the exception of AIS and MINT, we found that the majority of Thai stocks with large upcountry exposure (predominantly retailers) are priced at very high valuations of usually 30x PE or higher, but in reality, the growth momentum in upcountry Thailand could lag behind that of Bangkok. In light of this, we urge investors to be wary of them. Bangkok accounts for around 10% of the Thai population despite its tiny area in land mass but close to a quarter of the Thai economy. Historically, it…

North Bangkok Power Plant Block 1 Infrastructure Fund (EGATIF TB)

North Bangkok Power Plant Block 1 Infrastructure Fund

The Upcountry Disconnect