other_material
confidence high
sentiment neutral
materiality 0.70
Society Pass Inc announces M&A strategy, highlights analyst reports; NusaTrip trading halt continues
SOCIETY PASS INCORPORATED.
- Company rolls out M&A strategy targeting AI, data center, travel, ad, and telecom companies in SEA, Europe, and North America.
- Ascendiant Capital maintains Buy, raises PT to $22.50; values NusaTrip at ~$20/share; NusaTrip stock halted due to SEC/Nasdaq investigations.
- Greenridge Global reiterates Buy, lowers PT to $25; notes NusaTrip's quarterly GMV with Agoda exceeds $100M; expects TMG IPO in early 2026.
- Q3 FY2025 revenue $1.4M (down 18% YoY), EPS $(0.84) vs analyst estimate $(0.07); no guidance provided.
- Subsidiary TMG launches live commerce platform TMG Social on TikTok in Thailand; targets $10M revenue from unit in 2026.
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