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).

Company Visits: The Best of November/December 2018

GUNKUL (GUNKUL TB): Solar to Drive Top-Line Growth

Snippets #7: The End of Digital Banking Fees

Small Cap Diary: Builders, Miners, and Babies

Gone With the Wind: Wind Farms Facing Headwinds

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>There's a lot going on in the renewable power space. Most notably, EA has been making the headlines on almost a daily basis with talks about the founder's dad or co-founders selling shares, which only turned out to be half-true. (He was really gifting it to younger members of the family). In any case, we couldn't meet up with EA, so the second best visit to be had was with DEMCO, which operates in the same space and is one of EA's contractors. DEMCO is much smaller and has been known to…</p>

There's a lot going on in the renewable power space. Most notably, EA has been making the headlines on almost a daily basis with talks about the founder's dad or co-founders selling shares, which only turned out to be half-true. (He was really gifting it to younger members of the family). In any case, we couldn't meet up with EA, so the second best visit to be had was with DEMCO, which operates in the same space and is one of EA's contractors. DEMCO is much smaller and has been known to…

Demco PCL

Quickie Visit to DEMCO