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).

Political Pit Stop (June): The Game of Thrones Ends...Sort Of

The Week that Was in ASEAN@Smartkarma - Widodo Wins, Thailand Picks, and Indonesian Towers

Political Pit Stop (February): Candidate Rosters Out

Political Pit Stop (March): Time of Controversy

Political Pit Stop (April): An Election Gridlock

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)

Sino-Thai Engineering & Construction (STEC TB)

Though the general election has passed us by more than a month now, the formation of the new government remains clouded and uncertain. In this review, we point out a couple of things on the political front:  <ul>
<li>
A new compromise candidate has emerged in the form of Bhumjaithai's Anutin Charnvirakul, whose family owns Thailand's third largest contractor. MCorp Review believes that taking the top job is a bad idea for both business and his political career.</li>
<li>
Re-elections will happen in disputed constituencies where enough evidence is found to prove election fraud. This will further delay political resolution, though it has no impact on the actual running of the economy.</li>
<li>
Army Chief plays hardball against Future Forward secretary Piyabutr for his anti-monarchist stance. Tanatorn himself faces trial for media ownership. Let's just say the tension isn't good for anyone. </li>
<li>
Upcountry retailers should benefit in Q1'19. This is a normal knee-jerk reaction, because money flow to the voters during the election period. Buy CP ALL and Robinsons!</li>
</ul>

Though the general election has passed us by more than a month now, the formation of the new government remains clouded and uncertain. In this review, we point out a couple of things on the political front:  

A new compromise candidate has emerged in the form of Bhumjaithai's Anutin Charnvirakul, whose family owns Thailand's third largest contractor. MCorp Review believes that taking the top job is a bad idea for both business and his political career.

Re-elections will happen in disputed constituencies where enough evidence is found to prove election fraud. This will further delay political resolution, though it has no impact on the actual running of the economy.

Army Chief plays hardball against Future Forward secretary Piyabutr for his anti-monarchist stance. Tanatorn himself faces trial for media ownership. Let's just say the tension isn't good for anyone. 

Upcountry retailers should benefit in Q1'19. This is a normal knee-jerk reaction, because money flow to the voters during the election period. Buy CP ALL and Robinsons!


Political Pit Stop (May): Search for Solution