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).

Thai Strategy 2018 (Part II): Stock Picks

Thai Strategy 2018 (Part III): Sector Outlook & Highlights

Thai Macro Watch (Part 1): External Strength, Internal Weakness

The CIO's Corner: QE Unwinding, Laggards, & Rejuvenators

TMB Vs SCB: Bancassurance Ain't Big Enough for the Two of Us!

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)

Thailand Consumer staples / Thematic (Sector/Industry)

In this three-part series, MCorpReview highlights the key themes, stock picks, and sector allocations we believe will work best for 2018, which thanks to the dominant theme of QE unwinding will be a relatively difficult year to make money (unlike 2016 when we first started). The first part is top-down in nature, and any stock highlighted in this section is picked for their value as a proxy to certain themes highlighted here as opposed to their stock-specific qualities, which is the topic of the next section. Apart from the dominant theme, this review also highlights our belief that:<ul><li>Oil prices will trend downwards owing to the dollar recovery, direction of Saudi policies, and Trumpian stance towards energy.</li><li>Domestic consumption recovery particularly for products popular in urban areas, while upcountry incomes continue to stagnate, so don't bank on the upcountry plays. <a href="https://www.smartkarma.com/insights/the-upcountry-disconnect" target="_blank" data-smartkarma-citation="insights:5561">The Upcountry Disconnect</a></li><li>The Trumpian tax cuts will benefit select exporters and Thai companies with foreign subsidiaries.</li></ul>

In this three-part series, MCorpReview highlights the key themes, stock picks, and sector allocations we believe will work best for 2018, which thanks to the dominant theme of QE unwinding will be a relatively difficult year to make money (unlike 2016 when we first started). The first part is top-down in nature, and any stock highlighted in this section is picked for their value as a proxy to certain themes highlighted here as opposed to their stock-specific qualities, which is the topic of the next section. Apart from the dominant theme, this review also highlights our belief that:Oil prices will trend downwards owing to the dollar recovery, direction of Saudi policies, and Trumpian stance towards energy.Domestic consumption recovery particularly for products popular in urban areas, while upcountry incomes continue to stagnate, so don't bank on the upcountry plays. The Upcountry DisconnectThe Trumpian tax cuts will benefit select exporters and Thai companies with foreign subsidiaries.

Thai Strategy 2018 (Part I): Key Themes