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).

Sathorn Series K: TMB on Eastspring and Credit Quality

Sathorn Series 8: Bailing Out on the Lil'l Guys

Sathorn Series J: Non-Bank Financiers and Their Close Kin

Sathorn Series I: TMB's PartialDivestment & The Laos Flood Spillover

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

TISCO, a small but outperforming bank in Thailand, has done two deals in a period of less than two years. First, they acquired the Thai retail business of Standard Chartered Bank. Then, they sold the credit card and unsecured personal loans portion of that business to Citigroup. At the same time, they are busy growing their auto-loans-heavy business.We first identified the first leg of the deal back in <a href="https://www.smartkarma.com/insights/sathorn-series-8-bailing-out-on-the-lil-l-guys" target="_blank" data-smartkarma-citation="insights:7855">Sathorn Series 8: Bailing Out on the Lil'l Guys</a>. TISCO explained that the purchase increased…

TISCO, a small but outperforming bank in Thailand, has done two deals in a period of less than two years. First, they acquired the Thai retail business of Standard Chartered Bank. Then, they sold the credit card and unsecured personal loans portion of that business to Citigroup. At the same time, they are busy growing their auto-loans-heavy business.We first identified the first leg of the deal back in Sathorn Series 8: Bailing Out on the Lil'l Guys. TISCO explained that the purchase increased…

Sathorn Series L: TISCO on Recent Deals with Citi and StanChart

Tisco Financial Group

Sathorn Series L: TISCO on Recent Deals with Citi and StanChart