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).

Thematic (Sector/Industry)

The book Life Insurance in Asia was written by two McKinsey veterans, and it's really good. It's also really expensive (over Bt2,000 for just 200 pages...Yo, what's that about?) Anyway, we got some of their key points here and try to apply it to the Thai insurance industry:<ul>
<li>As markets mature, bancassurance gradually eats up market share from tied agency, which we earlier called the direct model or agency model.</li>
<li>In the bancassurance model, they observed that much, if not most, of the value was…</li>
</ul>

The book Life Insurance in Asia was written by two McKinsey veterans, and it's really good. It's also really expensive (over Bt2,000 for just 200 pages...Yo, what's that about?) Anyway, we got some of their key points here and try to apply it to the Thai insurance industry:
As markets mature, bancassurance gradually eats up market share from tied agency, which we earlier called the direct model or agency model.
In the bancassurance model, they observed that much, if not most, of the value was…


The Crusade against Obamacare. Back in St Louis, a long-shot Republican candidate managed to make Hillary, who is a great debater in our books ( <a href="https://www.smartkarma.com/insights/second-take-on-second-debate-hillary-1-trump-1" target="_blank" data-smartkarma-citation="insights:6481">Second Take on Second Debate: Hillary 1, Trump 1</a>), to admit that in some contexts (probably healthy people), Obamacare was making healthcare insurance more expensive. Today, that candidate is in the White House, and the Republicans are seriously pushing to get Obamacare repealed. Basically, CNN explained Obamacare in layman terms as expanding coverage…

The Crusade against Obamacare. Back in St Louis, a long-shot Republican candidate managed to make Hillary, who is a great debater in our books ( Second Take on Second Debate: Hillary 1, Trump 1), to admit that in some contexts (probably healthy people), Obamacare was making healthcare insurance more expensive. Today, that candidate is in the White House, and the Republicans are seriously pushing to get Obamacare repealed. Basically, CNN explained Obamacare in layman terms as expanding coverage…

Recently, MCorp Review listened to a talk by E8 Consulting on open source and its applications in building fintech platforms and developing investing strategies and found it quite interesting. Firstly, they defined open source and explained why it was so useful. Typically, open source is free and bound by certain license terms; it allows various users to change the source code and develop commercial applications for it. Probably, the best example of this is how Bloomberg terminals, a highly…

Recently, MCorp Review listened to a talk by E8 Consulting on open source and its applications in building fintech platforms and developing investing strategies and found it quite interesting. Firstly, they defined open source and explained why it was so useful. Typically, open source is free and bound by certain license terms; it allows various users to change the source code and develop commercial applications for it. Probably, the best example of this is how Bloomberg terminals, a highly…

Over the past 20 years, Thailand faced two financial crisis, namely Tom Yum Goong in 1997 and Lehman in 2008. Discounting the political nonsense that is just part of life down here, we think there are five important lessons to take away, regarding: 1) the importance of investors; 2) liabilities-cash flow matching; 3) sticking to core competencies as well as avoiding : 4) currency pegs to dollars (or any currency); and 5) capital controls. No event in Thai business history has transformed the landscape more than the 1997 crisis. In this review, we highlight a few anecdotes of those who survived and those who didn't (at least not in their original forms).

Over the past 20 years, Thailand faced two financial crisis, namely Tom Yum Goong in 1997 and Lehman in 2008. Discounting the political nonsense that is just part of life down here, we think there are five important lessons to take away, regarding: 1) the importance of investors; 2) liabilities-cash flow matching; 3) sticking to core competencies as well as avoiding : 4) currency pegs to dollars (or any currency); and 5) capital controls. No event in Thai business history has transformed the landscape more than the 1997 crisis. In this review, we highlight a few anecdotes of those who survived and those who didn't (at least not in their original forms).

Five Biggest Lessons from Thai Financial Crisis

Over the next five years, a lot of things will continue to change. In this review, we highlight five possible trends and two Thai stocks each that would benefit (or be adversely affected) by them, namely: 1) an ageing society; 2) higher concentration of wealth; 3) driverless cars for ride hailing; 4) increasing fintech adoption by incumbents; and 5) a decline in both labor cost and commodity prices.We may have discussed most of these themes before, though we've never put them in one place. As they say in investing, gotta watch where the puck is going, not where it is.

Over the next five years, a lot of things will continue to change. In this review, we highlight five possible trends and two Thai stocks each that would benefit (or be adversely affected) by them, namely: 1) an ageing society; 2) higher concentration of wealth; 3) driverless cars for ride hailing; 4) increasing fintech adoption by incumbents; and 5) a decline in both labor cost and commodity prices.We may have discussed most of these themes before, though we've never put them in one place. As they say in investing, gotta watch where the puck is going, not where it is.

Thailand

Dhipaya Insurance Public Co., Ltd. is a leading non-life insurance provider in Thailand, offering fire, marine and transportation, motor, and miscellaneous insurance products. The company also engages in investment activities with funds remaining from its insurance operations. It was founded on November 9, 1951, and is headquartered in Bangkok, Thailand.

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Dhipaya Insurance (TIP TB)

McKinsey on Asian Insurance

The book Life Insurance in Asia was written by two McKinsey veterans, and it's really good. It's also really expensive (over Bt2,000 for just 200...

Athaporn Arayasantiparb, CFA

Obamacare Repeal & Thai Stocks

The Crusade against Obamacare. Back in St Louis, a long-shot Republican candidate managed to make Hillary, who is a great debater in our books (...

Athaporn Arayasantiparb, CFA

EB on Open Source & Investing

Recently, MCorp Review listened to a talk by E8 Consulting on open source and its applications in building fintech platforms and developing...

Athaporn Arayasantiparb, CFA

Five Biggest Lessons from Thai Financial Crisis

Over the past 20 years, Thailand faced two financial crisis, namely Tom Yum Goong in 1997 and Lehman in 2008. Discounting the political nonsense...

Athaporn Arayasantiparb, CFA

Five Big Ideas for the Next Five Years

Over the next five years, a lot of things will continue to change. In this review, we highlight five possible trends and two Thai stocks each that...

Athaporn Arayasantiparb, CFA

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