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)

Locals out, Hollywood in. Ever since the comedy Pee Mak Prakhanong by Grammy grossed Bt1bn in 2013 and was translated to Indonesian, where the story resembles the local folklore Pontianak, none of the Thai films ever did that well in local box offices again. Bad Genius, also by the same company based on a true story of two Thai students making millions off a scam cheating in a Australian test center, made only Bt100m locally, eventhough it did manage to pull in US$30m in China and was voted Best…

Locals out, Hollywood in. Ever since the comedy Pee Mak Prakhanong by Grammy grossed Bt1bn in 2013 and was translated to Indonesian, where the story resembles the local folklore Pontianak, none of the Thai films ever did that well in local box offices again. Bad Genius, also by the same company based on a true story of two Thai students making millions off a scam cheating in a Australian test center, made only Bt100m locally, eventhough it did manage to pull in US$30m in China and was voted Best…

Equity Capital Markets

JKN Global Media / Equity Capital Markets

JKN (Jakrapong Networks) will probably IPO sometime this year. While there is limited info at this stage, we did a couple of back-of-the-envelope valuations on this stock and picked the rough price target of Bt10.8/sh, using the "bootstrap" method. If the real IPO price comes in below this, we will try our best to participate and advise you to do the same. In a nutshell, the company makes most of its revenues from Asian series (Korean and Indian), around 20% from cartoons, and the rest from variety shows such as their proprietary The Andrew Show hosted by the founder himself. They also co-produce royal documentaries with National Geographic and are bringing the rather expensive CNBC franchise to Thailand in a first 10-yr contract. Profitable listed media companies are becoming a rarity these days with even state-owned MCOT losing money, and JKN will be one of them. Enjoy the Show!

JKN (Jakrapong Networks) will probably IPO sometime this year. While there is limited info at this stage, we did a couple of back-of-the-envelope valuations on this stock and picked the rough price target of Bt10.8/sh, using the "bootstrap" method. If the real IPO price comes in below this, we will try our best to participate and advise you to do the same. In a nutshell, the company makes most of its revenues from Asian series (Korean and Indian), around 20% from cartoons, and the rest from variety shows such as their proprietary The Andrew Show hosted by the founder himself. They also co-produce royal documentaries with National Geographic and are bringing the rather expensive CNBC franchise to Thailand in a first 10-yr contract. Profitable listed media companies are becoming a rarity these days with even state-owned MCOT losing money, and JKN will be one of them. Enjoy the Show!

IPO Radar: A New Asian Series TV Content Provider Emerges

Thailand

JKN Global Media Public Company Limited operates as a content management and distribution company. The Company provides content to media platforms, such as digital television, home video, publishing, video on demand, and ancillary. JKN Global Media serves customers worldwide.

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JKN Global Media (JKN TB)

Thai Movie Spotlight: Hollywood Cometh

Locals out, Hollywood in. Ever since the comedy Pee Mak Prakhanong by Grammy grossed Bt1bn in 2013 and was translated to Indonesian, where the...

Athaporn Arayasantiparb, CFA

IPO Radar: A New Asian Series TV Content Provider Emerges

JKN (Jakrapong Networks) will probably IPO sometime this year. While there is limited info at this stage, we did a couple of back-of-the-envelope...

Athaporn Arayasantiparb, CFA

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