Asean-focused. Ex-Head of Thai Research

Athaporn Arayasantiparb, CFA

Asean (Thailand) Focused Independent Research

M Corp Review

M Corp is led by Athaporn Arayasantiparb who 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 17 years, of which 14 were in research and 4 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 provides six on-going thematic series ranked by frequency in descending order, namely: 1) Silicon Stories (technology) 2) Sathorn Series (financial services) 3) Thai-Coons (billionaire origin stories) 4) Reality Check (data-driven, investigative) 5) Thai Media Spotlight; and 6) Thai Macro Watch (global market drivers).

Equity Bottom-Up

Moong Pattana International / Equity Bottom-Up

There's no easy way to group the three companies we met recently apart from saying that they are all small caps. Because the visits were relatively quick, it probably provides at best a sketch/introduction to these three firms, though we already know CNT in the past.  We'll start off with CNT, since it's the only one we currently own. This company has lost almost one third of its value since we bought them, so it's fair to say we are really disappointed and don't see any light at the end of the…

There's no easy way to group the three companies we met recently apart from saying that they are all small caps. Because the visits were relatively quick, it probably provides at best a sketch/introduction to these three firms, though we already know CNT in the past.  We'll start off with CNT, since it's the only one we currently own. This company has lost almost one third of its value since we bought them, so it's fair to say we are really disappointed and don't see any light at the end of the…

Small Cap Diary: Builders, Miners, and Babies

Country Group Holdings / Equity Bottom-Up

Just last year, an young, obscure Thai tycoon Tommy Techa-ubol of the Country Group made a bit for AC Milan, the most prestigious team in Italy. Though he lost the bid, it got people asking? Who is this guy?Well, for starters, they once owned a pretty big brokerage but sold most of it to Singapore's UOB. They also own MFC, the country's oldest asset manager, an investment bank called Progress Capital, which they bought from Citi, an unprofitable property developer called CGD, and a has-been in the mining community called PDI. Within this portfolio, we think only MFC has some promise yo. The holding company CGH (Country Group Holding) seems small and even more "all over the place" than Samart, which we criticized earlier, but you gotta admit these guys have a way of getting noticed yo.

Just last year, an young, obscure Thai tycoon Tommy Techa-ubol of the Country Group made a bit for AC Milan, the most prestigious team in Italy. Though he lost the bid, it got people asking? Who is this guy?Well, for starters, they once owned a pretty big brokerage but sold most of it to Singapore's UOB. They also own MFC, the country's oldest asset manager, an investment bank called Progress Capital, which they bought from Citi, an unprofitable property developer called CGD, and a has-been in the mining community called PDI. Within this portfolio, we think only MFC has some promise yo. The holding company CGH (Country Group Holding) seems small and even more "all over the place" than Samart, which we criticized earlier, but you gotta admit these guys have a way of getting noticed yo.

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

Thailand

Bound and Beyond invests in, develops, and operates hospitality businesses, focusing on unique hotel concepts and luxury lifestyle properties. The company currently owns and manages the Four Seasons Hotel Bangkok at Chao Phraya River and Capella Bangkok, with plans for further development in Thailand and internationally. The company was founded in 1981 and is headquartered in Bangkok, Thailand.

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Bound and Beyond (BEYOND TB)

Small Cap Diary: Builders, Miners, and Babies

There's no easy way to group the three companies we met recently apart from saying that they are all small caps. Because the visits were relatively...

Athaporn Arayasantiparb, CFA

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

Just last year, an young, obscure Thai tycoon Tommy Techa-ubol of the Country Group made a bit for AC Milan, the most prestigious team in Italy....

Athaporn Arayasantiparb, CFA

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)