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).

IPO Radar: NCAP...Like a Bank, But Not Quite

IPO Radar: CMC, New Condo Listing...Literally

IPO Radar: M Vision, The Guys Who Bought Us the Iconic Mobile Expo

IPO Radar: B-WORK, A True Office REIT....Yeah, That'll Work :)

The New Thai-Coons (Part I): Class of 2017

IPO Radar: SHREIT, Charoen's Next Hotel REIT

Thai Hotels: Sky's the Limit! (...for Most)

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 Capital Markets

<p>With ROIs routinely exceeding 100%, Jaymart's debt collection subsidiary, <a href="https://www.smartkarma.com/entities/8581" target="_blank" data-smartkarma-citation="entities:8581:1">Jmt Network Services Pcl (JMT TB)</a>, became the market darling of its time. Of course, if you invested today, you are way behind the curve, but don't lose hope. CHAYO seems like a younger-day JMT clone, and that's why we're taking a look. This IPO may be a chance to get in on the same business at ground zero. We believe this company, which generates higher margins than JMT, should IPO somewhere <strong>between Bt1.2/sh to Bt2.5/sh, but it's more likely to be the upper side of the range. </strong>Assuming the underwriters (AEC) don't go crazy and price this thing at something way out of reach, we're all in on this IPO.</p>

With ROIs routinely exceeding 100%, Jaymart's debt collection subsidiary, Jmt Network Services Pcl (JMT TB), became the market darling of its time. Of course, if you invested today, you are way behind the curve, but don't lose hope. CHAYO seems like a younger-day JMT clone, and that's why we're taking a look. This IPO may be a chance to get in on the same business at ground zero. We believe this company, which generates higher margins than JMT, should IPO somewhere between Bt1.2/sh to Bt2.5/sh, but it's more likely to be the upper side of the range. Assuming the underwriters (AEC) don't go crazy and price this thing at something way out of reach, we're all in on this IPO.

IPO Radar: CHAYO, the Next JMT (Debt Collection Biz)

Chayo Group PCL

IPO Radar: CHAYO, the Next JMT (Debt Collection Biz)