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).

TKN: Building Plants to Match Growing Snack Market

Small Cap Diary: An Exotic Expansion Plan Gone Bad

Small Cap Diary: Flickering Light by the Sick Bay

Equity Bottom-Up

<p>We met up with two companies last week. They couldn’t have less in common apart from the lack of revenue growth yo. Having said that, a lot of things could change to make them look more interesting in the future since the valuations are not expensive relative to where the market trades at the moment (roughly 14x). One is an Indian petrochem manufacturer listed in Thailand called Polyplex, while the other is a local network contractor we may have discussed in passing called AIT (Advanced…</p>

We met up with two companies last week. They couldn’t have less in common apart from the lack of revenue growth yo. Having said that, a lot of things could change to make them look more interesting in the future since the valuations are not expensive relative to where the market trades at the moment (roughly 14x). One is an Indian petrochem manufacturer listed in Thailand called Polyplex, while the other is a local network contractor we may have discussed in passing called AIT (Advanced…

Polyplex Pcl

Small Cap Diary: Elusive Revenue Growth