About the analyst
Romain Chivot— independent analyst. Fifteen years in industrial finance across Southeast Asia, now reading Thai manufacturers’ filings for a living.
Why Thai industrials
Thailand has a deep base of privately-held industrial companies — auto parts, food processing, industrial equipment — that never appear in the databases most investors screen with. The international platforms cover the listed market and the deals that have already been intermediated. The companies worth finding early file audited accounts with the Department of Business Development, in Thai, across portals that were never built to be read at scale.
That is not a technology problem. The filings are public. What is missing is someone who reads them, structures them the same way every time, and says plainly which numbers are reported and which are estimated. TIP exists because I wanted that database and could not find it.
Background
Fifteen years in industrial finance across Southeast Asia, with a private equity background. Currently Finance Director of an industrial manufacturer turning over roughly €160m with 6,500 employees — around half of its group’s global production. The remit runs past finance into operational improvement and maintenance programmes.
That is the lens the research is written through. Margin trajectory, capex intensity and customer concentration are things I have had to manage on a live P&L, not only model from the outside.
How I work
Every target is built from primary sources: DBD audited accounts, SET disclosures where the company or its parent is listed, and trade press. Figures are taken from the filings rather than reconstructed, and where a number is inferred it is flagged as an estimate. Every company gets the same five sections, so profiles are comparable rather than bespoke.
AI structures the profiles and powers the search. It does not produce the numbers.