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).

Equity Bottom-Up

<p>We recently followed up with three companies we met in the past, and that's what this cryptic title means. Glass = TOG (Thai Optical Glass), Green = GGC (A green energy company), and Kiosk (FSMART).</p><p><strong> Forth's share price has done poorly despite repeatedly delivering strong results</strong>. One of the reason may be that their core operations in kiosks, represented by FSMART, is seen as a competitor of the banks, who are now waiving digital fees ( <a href="https://www.smartkarma.com/insights/snippets-7-the-end-of-digital-banking-fees" target="_blank" data-smartkarma-citation="insights:19266">Snippets #7: The End of Digital Banking Fees</a>). According to…</p>

We recently followed up with three companies we met in the past, and that's what this cryptic title means. Glass = TOG (Thai Optical Glass), Green = GGC (A green energy company), and Kiosk (FSMART). Forth's share price has done poorly despite repeatedly delivering strong results. One of the reason may be that their core operations in kiosks, represented by FSMART, is seen as a competitor of the banks, who are now waiving digital fees ( Snippets #7: The End of Digital Banking Fees). According to…

Three of a Kind: The Glass Is Greener on the Other Kiosk

<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>
<tr>
<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>
</tr>
</tbody></table>…

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)

…

Three of a Kind: Jeans, Glasses, and Cameras

Thailand

Thai Optical Group Public Company Limited is a leading independent manufacturer and distributor of ophthalmic lenses and related products. The company produces plastic lenses, mineral lenses, and prescription lenses, offering a comprehensive range of solutions to optical laboratories, distributors, and retail chains globally. It also provides services like hard coatings and antireflection coating. The company was founded in 1951 and is headquartered in Nonthaburi, Thailand.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Thai Optical Group (TOG TB)

Three of a Kind: The Glass Is Greener on the Other Kiosk

We recently followed up with three companies we met in the past, and that's what this cryptic title means. Glass = TOG (Thai Optical Glass), Green...

Athaporn Arayasantiparb, CFA

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

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)