Asean-focused. Ex-Head of Thai Research

Athaporn Arayasantiparb, CFA

Athaporn 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 22 years, of which 19 were in research and 9 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 performs financial advisory services for TKC Services and provides 11 other on-going thematic series ranked by frequency in descending order, namely:

1) Snippets (news-driven);
2) Sathorn Series (financial services);
3) Silicon Stories (technology); 
4) Thai-Coons (billionaire origin series);
5) Reality Check (data-driven, investigative);
6) Thai Media Spotlight;
7) Political Pit Stop; 
8) Telecom Review; 
9) Thai Macro Watch (read-through from foreign events);  
10) Small Cap Diary; and
11) Property Grid

There are also 3 limited-time series driven by specific events or locations, namely:
1) Thai Corona Crisis;
2) South Series; and
3) Mechanics and Details (deal forensics).

Dissecting the 2020 Thai Political Crisis

Political Pit Stop (Aug'20): Regime Jitters

Thai Corona Crisis (August): New Normal or Second Wave?

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).

Cross Asset Strategy

We are highlighting some key dates to watch in late 2020 and the year 2021 and the stocks that will be impacted by them:Consumer catalysts. The iPhone 12 release on Nov 20 is expected to be a boon for the telecom sector, but the government's Half-&amp;-Half program could drive consumers away from CP All to small businesses.Political pit stop. Thai politics hinges on the constitutional reform meeting on November 28 and the Prime Minister's trial on December 2. It's defensives like RATCH vs stocks that rely on long term stability like Bangkok Bank that matter at this juncture.Test for tourism. We expect to see YoY improvement for domestic tourism in April (Songkran) that could benefit domestic-focused hotels like Erawan. Likewise, Christmas (December) is likely to be the test for foreign tourism, assuming the vaccine comes in October as expected.

We are highlighting some key dates to watch in late 2020 and the year 2021 and the stocks that will be impacted by them:Consumer catalysts. The iPhone 12 release on Nov 20 is expected to be a boon for the telecom sector, but the government's Half-&amp;-Half program could drive consumers away from CP All to small businesses.Political pit stop. Thai politics hinges on the constitutional reform meeting on November 28 and the Prime Minister's trial on December 2. It's defensives like RATCH vs stocks that rely on long term stability like Bangkok Bank that matter at this juncture.Test for tourism. We expect to see YoY improvement for domestic tourism in April (Songkran) that could benefit domestic-focused hotels like Erawan. Likewise, Christmas (December) is likely to be the test for foreign tourism, assuming the vaccine comes in October as expected.

Catalyst Calendar for Thai Equities 2021