Asean-focused. Ex-Head of Thai Research

Athaporn Arayasantiparb, CFA

Equity Bottom-Up

<p>What do these three items have in common? Nothing, apart from the fact that we met three small cap Thai companies who sell them on the exact same day. In this review, we provide some summary about what they do. <em>MCorp Review </em>believes none of these companies make any sense apart from Big Camera. And forget about the whole ITU (International Telecom Union) thing. We did visit it at the Maung Thong Impact Arena today, but there was nothing impressive about it at all yo.</p><table class="table table-striped"><tbody>
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<td><strong>Stocks</strong></td>
<td style="text-align: center;"><strong>Business</strong></td>
<td style="text-align: center;"><strong>Shr pr (Bt/sh)</strong></td>
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What do these three items have in common? Nothing, apart from the fact that we met three small cap Thai companies who sell them on the exact same day. In this review, we provide some summary about what they do. MCorp Review believes none of these companies make any sense apart from Big Camera. And forget about the whole ITU (International Telecom Union) thing. We did visit it at the Maung Thong Impact Arena today, but there was nothing impressive about it at all yo.

Stocks
Business
Shr pr (Bt/sh)

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Three of a Kind: Jeans, Glasses, and Cameras

Thematic (Sector/Industry)

<p>In this review, we predict that Thai equities will rally in October and early November before another major correction in December with the Fed rate hike. In the short term, we expect Thai banks to do well, as they and Asian counterparts (eg. Singapore's DBS) benefit in terms of relative growth if the US banks are hampered by the regulator's decision to increase capital requirements of the largest banks. We also see two companies run by Thailand's second richest tycoon Charoen Sirivadhanabhakdi, namely BJC and Thai Beverage, outperforming companies run by the larger CP Group, primarily due to corporate action and a market's tilt towards consumers and retailing sectors. Needless to say, we will be <strong>tactically overweight on banks, retailers, and consumers over the next two months.</strong></p><p>We also discuss: 1) the overall upgrade of Thailand's growth expectations on the back of stronger domestic consumption; and 2) highight the government's five strategic sectors, named 'The 5 S-Curves'.</p>

In this review, we predict that Thai equities will rally in October and early November before another major correction in December with the Fed rate hike. In the short term, we expect Thai banks to do well, as they and Asian counterparts (eg. Singapore's DBS) benefit in terms of relative growth if the US banks are hampered by the regulator's decision to increase capital requirements of the largest banks. We also see two companies run by Thailand's second richest tycoon Charoen Sirivadhanabhakdi, namely BJC and Thai Beverage, outperforming companies run by the larger CP Group, primarily due to corporate action and a market's tilt towards consumers and retailing sectors. Needless to say, we will be tactically overweight on banks, retailers, and consumers over the next two months.We also discuss: 1) the overall upgrade of Thailand's growth expectations on the back of stronger domestic consumption; and 2) highight the government's five strategic sectors, named 'The 5 S-Curves'.

American Capital Requirement Increase: Charoen and Thai Banks to Lead October Rally

Thailand

MC Group Public Company Limited manages sales and distribution, mainly, of products under trademarks and brands owned by the group of companies.

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MC Group Pcl (MC TB)

Three of a Kind: Jeans, Glasses, and Cameras

What do these three items have in common? Nothing, apart from the fact that we met three small cap Thai companies who sell them on the exact same...

Athaporn Arayasantiparb, CFA

American Capital Requirement Increase: Charoen and Thai Banks to Lead October Rally

In this review, we predict that Thai equities will rally in October and early November before another major correction in December with the Fed...

Athaporn Arayasantiparb, CFA

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)