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)

Osaka Earthquake. We normally don't go into much detail on natural disasters or terrorism, because these things just happen so often they become routine. But it just so happens that we were planning to fly to Osaka for the holidays, when the tour company had to cancel because a major earthquake (6.1 on the Richter scale) leveled the place. Heck, some of the tours that had gone to Osaka before us were stranded or at least had their flights delayed. One of the stocks in our portfolio, AOT (second…

Osaka Earthquake. We normally don't go into much detail on natural disasters or terrorism, because these things just happen so often they become routine. But it just so happens that we were planning to fly to Osaka for the holidays, when the tour company had to cancel because a major earthquake (6.1 on the Richter scale) leveled the place. Heck, some of the tours that had gone to Osaka before us were stranded or at least had their flights delayed. One of the stocks in our portfolio, AOT (second…

Thai Macro Watch: Osaka, Trump, & Automation

Corbyn/Conde to the Rescue? World politics is unpredictable. Though we enjoy studying history ( <a href="https://www.smartkarma.com/insights/world-war-3-what-why-will-it" target="_blank" data-smartkarma-citation="insights:10014">World War 3: What, Why, Will It?</a>), it is not always a good idea to predict the future, especially in the age of Trump and Brexit.  We get more bang from the buck looking at one might happen in light of recent events. In Europe, it actually seems like the fractured pieces of the European Union is magically coming together....literally piece by piece, even if the path to reconciliation has been anything…

Corbyn/Conde to the Rescue? World politics is unpredictable. Though we enjoy studying history ( World War 3: What, Why, Will It?), it is not always a good idea to predict the future, especially in the age of Trump and Brexit.  We get more bang from the buck looking at one might happen in light of recent events. In Europe, it actually seems like the fractured pieces of the European Union is magically coming together....literally piece by piece, even if the path to reconciliation has been anything…

Snippets #10: Thailand Goes 5G...SCB/TMB Tie-Up?

The tough thing with mercantilism these days is that it is seldom one-sided. Devalue your currency, the other guy devalues his, and it's a race to the bottom. If you raise trade walls, it only works when the opponent is small. Though America suffers a big trade deficit with China (US$500bn according to Trump), America is also a large exporter. It just means that they export less than they import, but what they do export to China and around the world gives China some leeway for retaliation, and…

The tough thing with mercantilism these days is that it is seldom one-sided. Devalue your currency, the other guy devalues his, and it's a race to the bottom. If you raise trade walls, it only works when the opponent is small. Though America suffers a big trade deficit with China (US$500bn according to Trump), America is also a large exporter. It just means that they export less than they import, but what they do export to China and around the world gives China some leeway for retaliation, and…

Thai Macro Watch (April'18): China's Retaliation

In September 2017, former Prime Minister Yingluck Shinawatra, titular architect of the rice pledge policy and first-time car buyers' program, fled the country in a move worthy of a James Bond movie or Jeffrey Archer booklet, complete with luxury car decoys and unregistered private jets. But the price of her escape is now borne by the Thaksinite faction that remains in the country and the prospects of winning the <s>2018</s> 2019 elections. In this review, we highlight some reasons why the sentiment is…

In September 2017, former Prime Minister Yingluck Shinawatra, titular architect of the rice pledge policy and first-time car buyers' program, fled the country in a move worthy of a James Bond movie or Jeffrey Archer booklet, complete with luxury car decoys and unregistered private jets. But the price of her escape is now borne by the Thaksinite faction that remains in the country and the prospects of winning the 2018 2019 elections. In this review, we highlight some reasons why the sentiment is…

The Army-Democrat Alliance Challenges Thaksinite Hegemony

Asia Ex-J Consumer/ Transport analyst

Valerie Law, CFA

The global edtech market is expected to grow 17% a year - hitting USD 252bn by 2020, according to research by IBIS Capital. Global tech companies such as Google, LinkedIn and Tencent all have their fingers in the pie. With so many Edtech companies out there seeking funds, how should we pick which ones to invest in?As part of an Edtech series, this first article provides an overview of Edtech firms' business model, and examines the key advantages that traditional education institutions have, against which Edtech firms will be measured:  1. Trust that they can deliver ‘quality’ outcomes 2. Discipline offered within a physical classroom 3. Customized diagnosis by a teacher/instructor 4. Modelling – a universal way by which humans learn 5. Stimulation of various parts of the brain

 The global edtech market is expected to grow 17% a year - hitting USD 252bn by 2020, according to research by IBIS Capital. Global tech companies such as Google, LinkedIn and Tencent all have their fingers in the pie. With so many Edtech companies out there seeking funds, how should we pick which ones to invest in?As part of an Edtech series, this first article provides an overview of Edtech firms' business model, and examines the key advantages that traditional education institutions have, against which Edtech firms will be measured:   1. Trust that they can deliver ‘quality’ outcomes 2. Discipline offered within a physical classroom 3. Customized diagnosis by a teacher/instructor 4. Modelling – a universal way by which humans learn 5. Stimulation of various parts of the brain

Ed or Tech, Edtech Firms Must Cross These Moats

Thailand

Sri Trang Agro-Industry Public Company Limited is an integrated producer and distributor of natural rubber and natural rubber products, including ribbed smoked sheets, concentrated latex, and block rubber, as well as natural gloves. The company also engages in rubber plantations and provides engineering, logistics, and IT services. Headquartered in Songkhla, Thailand, the company was founded in 1987.

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Sri Trang Agro-Industry (STA SP)

Thai Macro Watch: Osaka, Trump, & Automation

Osaka Earthquake. We normally don't go into much detail on natural disasters or terrorism, because these things just happen so often they become...

Athaporn Arayasantiparb, CFA

Snippets #10: Thailand Goes 5G...SCB/TMB Tie-Up?

Corbyn/Conde to the Rescue? World politics is unpredictable. Though we enjoy studying history ( World War 3: What, Why, Will It?), it is not always...

Athaporn Arayasantiparb, CFA

Thai Macro Watch (April'18): China's Retaliation

The tough thing with mercantilism these days is that it is seldom one-sided. Devalue your currency, the other guy devalues his, and it's a race to...

Athaporn Arayasantiparb, CFA

The Army-Democrat Alliance Challenges Thaksinite Hegemony

In September 2017, former Prime Minister Yingluck Shinawatra, titular architect of the rice pledge policy and first-time car buyers' program, fled...

Athaporn Arayasantiparb, CFA

Ed or Tech, Edtech Firms Must Cross These Moats

The global edtech market is expected to grow 17% a year - hitting USD 252bn by 2020, according to research by IBIS Capital. Global tech companies...

Valerie Law, CFA

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