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)

A dozen deals! In this review, we look at six listed deals and six non-listed deals that remade Charoen's TCC Group in the last five years. Known for his flagship company Thai Bev's Beer Chang and a property empire said to be larger than the royal family's, Charoen's deals have been so "in your face" that they can no longer be ignored. If you think books, TV, and industrial estates were safe from the second biggest checkbook in Thailand, think again!Though one rank behind CP Group, Charoen has been far more audacious. The largest deal ever attempted by a Thai company, the US$11.2bn takeover of Singapore's mighty F&amp;N, and the biggest deal in 2016, 3bn euros for hypermarket giant Big C, that's all him. Oh, and don't expect him to slow down just because he's 73 and has US$19bn to his name...he's just getting started. Up next: One Bangkok (said to be such a large private enterprise it could stimulate commercial property segment in Thailand) and SHREIT, an IPO we believe could be really hot in 2018....like doubling in value over time.

A dozen deals! In this review, we look at six listed deals and six non-listed deals that remade Charoen's TCC Group in the last five years. Known for his flagship company Thai Bev's Beer Chang and a property empire said to be larger than the royal family's, Charoen's deals have been so "in your face" that they can no longer be ignored. If you think books, TV, and industrial estates were safe from the second biggest checkbook in Thailand, think again!Though one rank behind CP Group, Charoen has been far more audacious. The largest deal ever attempted by a Thai company, the US$11.2bn takeover of Singapore's mighty F&amp;N, and the biggest deal in 2016, 3bn euros for hypermarket giant Big C, that's all him. Oh, and don't expect him to slow down just because he's 73 and has US$19bn to his name...he's just getting started. Up next: One Bangkok (said to be such a large private enterprise it could stimulate commercial property segment in Thailand) and SHREIT, an IPO we believe could be really hot in 2018....like doubling in value over time.

Global Head of Research, Smartkarma

Mark Artherton

Global Head of Research

LR Research

In this issue:Machine Learning as a  moat,  Mexico's lack of debt problem, JD.com surprising Q3, CIMB loses customer data, Jardine complicates Vinamilk, Data trading in Shanghai, a study on monetary leakage in the EU, Uber selling a stake?,  unwanted green lines for iPhone X,  and Seasteading.<div class="content-highlight">1.  Uber makes an announcement about <a href="https://www.smartkarma.com/entities/315" target="_blank" data-smartkarma-citation="entities:315:1">Softbank Group Corp (9984 JP)</a>  has agreed to take a stake in the company.  The amount is rumoured to be up to USD10bn, though Softbank retains the right to walk away…</div>

In this issue:Machine Learning as a  moat,  Mexico's lack of debt problem, JD.com surprising Q3, CIMB loses customer data, Jardine complicates Vinamilk, Data trading in Shanghai, a study on monetary leakage in the EU, Uber selling a stake?,  unwanted green lines for iPhone X,  and Seasteading.1.  Uber makes an announcement about Softbank Group Corp (9984 JP)  has agreed to take a stake in the company.  The amount is rumoured to be up to USD10bn, though Softbank retains the right to walk away…

SGX Market Strategist, Equity & Fixed Income, Singapore Exchange Ltd (SGX)

Geoff Howie

SGX Market Strategist, Equity & Fixed Income

Asia’s leading multi-asset exchange

Singapore Exchange Ltd (SGX)

Singapore Exchange is Asia’s leading and trusted market infrastructure, facilitating the exchange of capital and ideas to create value for people, businesses and economies. As a multi-asset exchange operating equity, fixed income and derivatives markets to the highest regulatory standards, SGX is a vertically integrated business that provides listing, trading, clearing, settlement, depository and data services.

With about 40% of listed companies and over 80% of listed bonds originating outside of Singapore as well as established linkages across the region and in Europe, SGX is Asia’s most international and connected exchange. Offering a full suite of derivatives products across Asian equity indices, commodities and currencies, SGX is the world’s most liquid international market for the benchmark equity indices of China, India, Japan and ASEAN.

As Asia’s pioneering central counterparty, SGX is globally recognised for its risk management and clearing capabilities, and was one of the first globally to adopt the Principles for Financial Market Infrastructure.

Headquartered in AAA-rated Singapore, SGX has over 800 employees including offices in Beijing, Chicago, Hong Kong, London, New York, Mumbai, San Francisco, Shanghai and Tokyo.

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10 Biggest Food & Beverage Stocks with a Manufacturing Business

Asia Ex-J Consumer/ Transport analyst

Valerie Law, CFA

In this week's ASEAN Weekly, I decided to fill in for the series as I suspect <a href="https://www.smartkarma.com/profiles/937" target="_blank" data-smartkarma-citation="accounts:937">Angus Mackintosh</a> is collecting good stories in J-town but got stuck in heavy traffic (with no Internet connection).  Macro<a href="https://www.smartkarma.com/profiles/35" target="_blank" data-smartkarma-citation="accounts:35">Manu Bhaskaran</a> asks if tax increases are really needed in Singapore, given that healthcare and social spending is rising at a rapid clip. In Malaysia, with the Malaysian ringgit down 6.7% YoY and higher oil prices that take inflation above 3% YoY,  <a href="https://www.smartkarma.com/profiles/612" target="_blank" data-smartkarma-citation="accounts:612">Prasenjit K. Basu</a> expects Bank Negara to raise…

In this week's ASEAN Weekly, I decided to fill in for the series as I suspect Angus Mackintosh is collecting good stories in J-town but got stuck in heavy traffic (with no Internet connection).  MacroManu Bhaskaran asks if tax increases are really needed in Singapore, given that healthcare and social spending is rising at a rapid clip. In Malaysia, with the Malaysian ringgit down 6.7% YoY and higher oil prices that take inflation above 3% YoY,  Prasenjit K. Basu expects Bank Negara to raise…

The Week That Was in Asean@Smartkarma - Sweet Deals, Seaweeds and Shifting Patient Flows

ASEAN Insight Provider, CrossASEAN Research

Angus Mackintosh

ASEAN Insight Provider

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

In this week's ASEAN offering we have some quite controversial commentary on the Singapore Banks, that suggest that there is more pain to come on credit costs. Three Insight Providers comment on Indonesia's current political standoff and the prospects for economy. We have a travel report and overview on Sri Lanka versus other Frontier Vietnam and Pakistan. We ask, can <a href="https://www.smartkarma.com/entities/497" target="_blank" data-smartkarma-citation="entities:497:1">Comfortdelgro Corp Ltd (CD SP)</a> win out against innovative competitors and improving public transport? We have interesting post…

In this week's ASEAN offering we have some quite controversial commentary on the Singapore Banks, that suggest that there is more pain to come on credit costs. Three Insight Providers comment on Indonesia's current political standoff and the prospects for economy. We have a travel report and overview on Sri Lanka versus other Frontier Vietnam and Pakistan. We ask, can Comfortdelgro Corp Ltd (CD SP) win out against innovative competitors and improving public transport? We have interesting post…

The Week That Was in ASEAN@Smartkarma - Banking Woes, the Rise of the Machines and Big Box Shopping

Singapore

Fraser and Neave Limited is principally engaged in the food and beverage, and printing and publishing business. The Company's principal activities include the production and sale of beverages, which includes soft drinks, beer, stout, and dairy products; and printing and publishing.

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Fraser And Neave (FNN SP)

TCC Group: The Man With the Iron Wallet

A dozen deals! In this review, we look at six listed deals and six non-listed deals that remade Charoen's TCC Group in the last five years. Known...

Athaporn Arayasantiparb, CFA

21 Things Worth Knowing (#14)

In this issue:Machine Learning as a moat, Mexico's lack of debt problem, JD.com surprising Q3, CIMB loses customer data, Jardine complicates...

Mark Artherton

10 Biggest Food & Beverage Stocks with a Manufacturing Business

Singapore Exchange Ltd (SGX)

The Week That Was in Asean@Smartkarma - Sweet Deals, Seaweeds and Shifting Patient Flows

In this week's ASEAN Weekly, I decided to fill in for the series as I suspect Angus Mackintosh is collecting good stories in J-town but got stuck...

Valerie Law, CFA

The Week That Was in ASEAN@Smartkarma - Banking Woes, the Rise of the Machines and Big Box Shopping

In this week's ASEAN offering we have some quite controversial commentary on the Singapore Banks, that suggest that there is more pain to come on...

Angus Mackintosh

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