Stocks in the news (88th, erw, maguro, tvo, samart) 03.10.25
88TH, a beauty & wellness products manufacturer (88 Thailand), debuts its IPO with 59.5m shares at Bt5.45 each, led by CGS.
Comment: I have wondered about this stock…how long before it goes to 0
ERW is expected to be a prime beneficiary of the tourism stimulus in secondary provinces. Its Hop Inn budget hotel chain operates 69 properties with 5,485 guestrooms across 47 cities.
Comment: The Q mark for ERW is the upcoming cost of the landlease renewal
MAGURO revamps its CRM in collaboration with Salesforce, launching a unified membership program, “Give More+ Club”, to enhance cross-brand marketing. Members can receive privileges and collect points across all brands under the group, including Maguro, Ssamthing Together, Hitori Shabu, Hitori Sukiyaki, Coucou, Bincho, Tonkatsu Aoki, and Kiwamiya. The platform debuts on Oct 10.
Comment: Well, that’s not really a collaboration. But fine, perhaps they’ll be able to figure out how to get a better share of wallet.
TVO is upbeat on 4Q earnings as a flood of soybean supply from Brazil is expected to lower costs. Demand for vegetable oil is set to rise during the vegetarian festival (Oct 21–29) and the holiday season, supporting higher sales volumes.
SAMART wins a supply and construction contract for a 230/115kV substation in Nakhon Si Thammarat valued at Bt1.63b
Former PM Paetongtarn had her 28.4% stake in SC transferred back to her from a trust managed by KKP Asset Management.
Comment: So it looks like she’ll be out of politics for a while…