Asean-focused. Ex-Head of Thai Research

Athaporn Arayasantiparb, CFA

Equity Bottom-Up

In this sequel to the Rabble Rousers series, we discuss a tiny US$50m market cap stock called WAVE Media. Why should anyone care? This is one of the thematic stocks we think a lot of retail investors are pushing for. If the earnings meet management expectations, we wouldn't be surprised if the stock reached much higher than Bt5/sh yo. In fact, we think Bt6.3/sh or almost 40% higher than current share price of Bt4.5 is quite possible. Needless to say, this stock is highly speculative, but…

In this sequel to the Rabble Rousers series, we discuss a tiny US$50m market cap stock called WAVE Media. Why should anyone care? This is one of the thematic stocks we think a lot of retail investors are pushing for. If the earnings meet management expectations, we wouldn't be surprised if the stock reached much higher than Bt5/sh yo. In fact, we think Bt6.3/sh or almost 40% higher than current share price of Bt4.5 is quite possible. Needless to say, this stock is highly speculative, but…

Tan Passakornatee is the Thailand's leading green tea tycoon. He founded Oishi, the market leader which now includes the largest Japanese restaurant chain in Thailand, sold it to the second richest man in Thailand (Charoen Sirivadhanabhakdi) via Thai Beverage, and then founded a second act called Ichitan. This time, he separated the listed green tea business from the non-listed restaurant business. One of the best known faces in Thailand, the cartoonish tycoon uses himself as the company's mascot, which is a brilliant strategy in our view.Investment-wise, we continue to prefer TIPCO, which trades at 6x PE and has all manners of hidden asset. It's soared 20% since we bought it, but still has room to go. But that doesn't mean we can't appreciate Ichitan and their quirky founder, warts and all. The Indonesia challenge, the swashbuckling snow fiasco...Tan may not be the richest tycoon in Thailand, but his story is probably one of the most entertaining yo.

Tan Passakornatee is the Thailand's leading green tea tycoon. He founded Oishi, the market leader which now includes the largest Japanese restaurant chain in Thailand, sold it to the second richest man in Thailand (Charoen Sirivadhanabhakdi) via Thai Beverage, and then founded a second act called Ichitan. This time, he separated the listed green tea business from the non-listed restaurant business. One of the best known faces in Thailand, the cartoonish tycoon uses himself as the company's mascot, which is a brilliant strategy in our view.Investment-wise, we continue to prefer TIPCO, which trades at 6x PE and has all manners of hidden asset. It's soared 20% since we bought it, but still has room to go. But that doesn't mean we can't appreciate Ichitan and their quirky founder, warts and all. The Indonesia challenge, the swashbuckling snow fiasco...Tan may not be the richest tycoon in Thailand, but his story is probably one of the most entertaining yo.

Rabble Rousers (Season Finale: The Sugar Water Salesman)

Thailand

Wave Entertainment PCL, through subsidiaries, produces television programming and markets its programming on DVDs.

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Wave Entertainment (WAVE TB)

Wave or Waive?

In this sequel to the Rabble Rousers series, we discuss a tiny US$50m market cap stock called WAVE Media. Why should anyone care? This is one of...

Athaporn Arayasantiparb, CFA

Rabble Rousers (Season Finale: The Sugar Water Salesman)

Tan Passakornatee is the Thailand's leading green tea tycoon. He founded Oishi, the market leader which now includes the largest Japanese...

Athaporn Arayasantiparb, CFA

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)