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

Equity Bottom-Up

Khon Kaen Sugar Industry / Equity Bottom-Up

<p>We looked at soft commodities plays such as sugar and rubber but could not find any rice-based stocks, so we examined two noodle makers instead. Our favorite within this group would be TWPC, a company that makes vermicelli. They stood out in terms of valuation and margins, though most people would argue that they like TFG more since yellow noodle is more popular down here.</p><p>While rubber prices are dependent on global car demand recovery, STA could benefit from rubber subsidies, especially if the next Prime Minister is a Democrat. Valuation for the sugar stocks all look really inflated; KSL is probably the best managed of the lot.</p>

We looked at soft commodities plays such as sugar and rubber but could not find any rice-based stocks, so we examined two noodle makers instead. Our favorite within this group would be TWPC, a company that makes vermicelli. They stood out in terms of valuation and margins, though most people would argue that they like TFG more since yellow noodle is more popular down here.While rubber prices are dependent on global car demand recovery, STA could benefit from rubber subsidies, especially if the next Prime Minister is a Democrat. Valuation for the sugar stocks all look really inflated; KSL is probably the best managed of the lot.

Kaset Thai International Sugar Corp (KTIS TB)

TWPC: Our Foray into Noodles Vs Soft Commodities