DV8 received a tender offer for all share from a group of 8 foreign investors at Bt0.56/share, vs Bt5.5 last
closed.

Comment: Wait what? Is this news correct? A 90%discount to market prices? It does seem to be the case so whoever pumped the stock is going to be quite surprised.

HMPRO opens new Hybrid Store Maesai today, the 7th branch, a strategic hub for upper most town,
bordering Myanmar, target Bt50m/ month sales.

Comment: Not a bad idea….the casinos across the border do need home improvement? This could be an
amusing ESG story, “homepro found to be provided better bedding to criminals involved in gambling, drug
smuggling and human trafficking”

GUNKUL in talk with partners for private PPA, expects to secure 50-100mw by end of year.

MAGURO launches Japanese charcoal grill restaurant, BINCHO, aims to expand mid-market segment,
sees no impact from daily min wage hike to Bt400/d as workers are being paid higher, firms on 30% FY
revenue growth target.

Comment: At the end of the day it is a rate of change story for MAGURO.

SISB reaffirms 3Q turnaround driven by >500 new admissions for the first semester of FY25/26 curriculum, target 5k students from 6 campus by end of year, firms on 15-20% FY revenue growth target.

Comment: Has the rotation/churning of mainlanders ended?