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Kasikorn Securities holds a positive view on PLANB and COM7 shares after COM7's extraordinary general meeting of shareholders resolved to approve the appointment of two new directors nominated by PLANB, namely Mr. Prin and Dr. Pinitjorn, to COM7's board. As a result, PLANB is highly likely to begin recognizing its share of profits from COM7 starting September 17, which should support profit growth in the fourth quarter of 2026 and continue into 2027. The research team maintains a buy recommendation on both stocks, setting a target price of 6.68 baht for PLANB, supported by its well-performing OOH media business, growth in its higher-margin non-OOH business, and full-year recognition of its share of COM7 profits in 2027. The stock also continues to trade below its historical average and below global peer comparisons. For COM7, the research team notes that the response to iPhone 18 Series pre-orders has been relatively good, and therefore expects third-quarter 2026 sales to grow both year on year and quarter on quarter. It maintains a buy recommendation with a target price of 34.12 baht, and views PLANB's average purchase price of 27.44 baht as potentially a suitable level for re-entering an investment.

DAOL Securities stated that COM7 has notified the resolution of its shareholders' meeting approving two board seats for PLANB, expanding COM7's board structure from seven seats to nine seats, with PLANB receiving two seats, representing a 22% proportion, which is considered to carry control influence. As a result, PLANB will change its recognition of returns from dividends only to the equity method immediately, driving significant profit growth. The research team holds a positive view on the COM7 deal, in which PLANB currently holds an 11.01% stake, because it helps increase media capacity and expand the customer base, extending the growth of OOH revenue in the long term. Net carry under the equity method is expected at 53 million baht in 2026E before turning to 422 million baht in 2027E. However, the research team's assumptions still exclude upside from synergies. The new target price for 2026E is 7.40 baht and for 2027E is 10.5 baht, based on 26x PE. The research team maintains its net profit estimate for 2026E at 1,258 million baht, up 14% YoY, but still excludes the COM7 deal from its estimates. It also maintains a buy recommendation and keeps the target price at 7.10 baht, based on 2026E PER of 26x. Currently PLANB trades at 2026E PER of 22.7x. The research team continues to favor PLANB for its leadership in the OOH media business and expects it to be one of the biggest beneficiaries of the economic recovery and advertising spending.

Bualuang Securities stated that PLANB's profit momentum is likely to keep improving in the second half of 2026, driven by the Asian Games and the start of equity income recognition from COM7. It expects third-quarter 2026 revenue of 2.7 billion baht, up 15% year-on-year and 3% quarter-on-quarter, and core profit of 300 million baht, up 5% year-on-year and 3% quarter-on-quarter. In the fourth quarter of 2026, the company will get a full quarter of contribution from COM7 of about 30 million baht after interest, while also entering the high season for out-of-home media, giving it a chance to post a new quarterly profit record. Another key driver is the sports business, which is playing a growing role, especially football and boxing, in line with government policy on sports, tourism and soft power. For boxing, the company targets full-year revenue of about 1 billion baht, after already generating 600 million baht in the first half of 2026, and its boxing stadium still has room to add revenue from utilization of only about 50–60% in the second quarter of 2026. For 2027, PLANB is expected to recognize equity income from COM7 of about 500 million baht, less interest of about 200 million baht, supporting core profit growth of about 30% year-on-year. Additional opportunities lie in extending media onto EV7 vehicles and into COM7's network of about 1,400 stores, while PLANB already has experience running in-store media at about 2,000 7-Eleven branches, generating about 400 million baht a year. The broker maintains its Buy rating with a target price of 6.80 baht, based on a 2027 PER of 20x, or minus one standard deviation, seeing fourth-quarter 2026 profit as having a chance to hit a record high and 2027 bringing a clearer new revenue base from Sports, COM7 and Mobility. If the company proves more profit from these partnerships, there is still room for its valuation to return closer to its previous average PER of 30x.

Comseven Public Company Limited, or COM7, is holding an extraordinary general meeting of shareholders, or EGM, today, September 17, 2026, at 10:00 a.m. PLANB has nominated representatives from the company to serve as two additional directors, which would expand COM7's board structure from seven seats to nine. If PLANB secures the two seats, that would represent a 22% share, giving it controlling power. As a result, PLANB would change its recognition of returns from dividends alone to the equity method, which would help drive significant profit growth. The heart of this investment is the expansion of advertising space through COM7, both in-store media, with plans to install digital screens in more than 1,400 COM7-affiliated stores nationwide, and EV Taxi, expanding media in electric taxis through wrapping and installing advertising screens. The research team at Dao Securities has a positive view. Currently PLANB holds 11.01% of COM7, and net carry under the equity method is expected to be 53 million baht in 2026E before turning into 422 million baht in 2027E. The research team's assumptions do not yet include upside from synergies. The new target price for 2026E is 7.40 baht and for 2027E is 10.5 baht, based on a PE of 26x.

Publicis Groupe announced it has successfully priced an offering of EUR 500 million of notes due September 2030. The notes are being issued under Publicis Groupe SA's Euro Medium Term Note Program dated July 24, 2026, by MMS USA Holdings Inc., a wholly-owned subsidiary of Publicis Groupe SA, and are unconditionally guaranteed by Publicis Groupe SA. The bonds carry a fixed annual coupon of 4.125%, and the net proceeds will contribute to the financing of the acquisition of LiveRamp, which remains subject to customary approvals and is expected to close before the end of 2026. The transaction was led by Citi as Global Coordinator, with BNP Paribas, BofA Securities, HSBC and Lloyds all acting as Joint Lead Managers.

Thryv Holdings has agreed to sell its print directories business to Carolwood L.P. for $142M in cash. The divested business includes Print Yellow and White Pages in the U.S., Australia and New Zealand, along with related digital editions and Australia White Pages online, while Thryv will retain its Internet Yellow Pages and other online properties. Net proceeds will be used to repay debt and other liabilities, strengthening the company's balance sheet and financial profile. The transaction is expected to close in Q4 2026. THRY shares rose 4.5% premarket.

Clear Channel Outdoor Holdings reported second-quarter revenue of $438.0 million, up 8.7%, as the billboard and airport advertising company accelerates just before its pending take-private deal. The company agreed on February 9 to be acquired by an investor consortium advised by Mubadala Capital for $2.43 per share, a deal stockholders approved on May 12 and one expected to close by the end of the third quarter of 2026. Consolidated revenue rose 10.2% to $811.9 million over the first half, with the 2026 FIFA World Cup pulling in extra advertising spend across both segments; the America division grew revenue 7% to $324.3 million, while Airports revenue jumped 14% to $113.6 million. Adjusted EBITDA rose 11.6% to $143.4 million for the quarter and 19% to $247.3 million for the first half, and Adjusted Funds From Operations climbed 61.6% to $44.9 million in the quarter. Despite the top-line gains, Clear Channel posted a loss from continuing operations of $10 million in the quarter, reversing a $6.3 million profit a year earlier, with net interest expense of $99 million and total debt of $5.1 billion as of June 30. On August 4, Clear Channel closed the sale of its Spain business for about $132.3 million, proceeds it plans to put toward paying down debt.

High Co reported strong activity growth in the first half of 2026, with organic growth described as very good and positive standalone results from its international activities, particularly in Belgium and Spain. The company said its restructuring, which involves social and economic negotiations including potential job reductions, weighed on first-half results and carries a provision of around EUR 3 million, with operational savings of a similar amount expected to materialize in the second half. High Co is integrating Budget Box and Retail Activation, which contributed negatively to short-term performance but are expected to generate synergies and support future growth. The company maintains a positive net cash position with solid cash flow, and its free share attribution plan has been validated, representing up to 3% of the capital, while its share buyback program remains ongoing. Management cited continued growth in retail media, the full benefit of the restructuring, and the Budget Box integration as key drivers for the second half, while noting inflationary pressures, tariff uncertainties, and a consolidating French retail market where major distributors such as Carrefour and Intermarche are gaining share.

The Federal Trade Commission granted early termination of the premerger waiting period for National CineMedia's planned acquisition of Captivate Holdings, clearing the Hart-Scott-Rodino requirement so the deal can close if other conditions are met. National CineMedia agreed to buy Captivate, North America's digital elevator- and lobby-video advertising operator, from Generation Partners for a $275M enterprise value, funded with new term debt. The acquisition would expand National CineMedia beyond cinemas to more than 48K screens across 185 U.S. media markets, enabling cross-selling and targeting of high-attention office and residential audiences. The deal is expected to close in the second half of the year. CEO Tom Lesinski called the acquisition an important milestone in NCM's evolution and a key next step in its strategy to build a market-defining premium video and digital out-of-home advertising platform.

TNL Mediagene announced that its digital media brand Business Insider Taiwan surpassed 1.2 million website page views in August 2026, less than one year after its September 2025 launch, more than doubling from approximately 500,000 page views in June 2026. The brand is expanding into original video and podcast programming with two flagship programs expected to roll out beginning in the fourth quarter of 2026: Insider Talk, a video interview program on corporate decision-making, sustainability and AI transformation, and Health Insider, a podcast connecting medical expertise with biotechnology and healthcare innovation. Business Insider Taiwan attributes its audience growth to its use of the Company's proprietary Agentic Newsroom, an AI-driven content management system that streamlines translation and editing across English, Chinese and Japanese so journalists can focus on local interviews and in-depth reporting. More than 30% of its readers come from overseas markets including Hong Kong, North America and Southeast Asia. The two programs, featuring 20-25-minute long-form video and in-depth podcast content, are intended to create new commercial opportunities including title sponsorships, sponsored topic initiatives and executive employer-branding partnerships. Motoko Imada, Co-Founder and CEO of TNL Mediagene, called the page-view milestone a significant step in establishing a global media brand in the local market.

HighCo reported a strong first-half 2026 performance, with adjusted headline PBIT up 25% to €6.32 million and adjusted attributable net income up 29.5% to €5 million, prompting the company to revise its full-year guidance. Gross profit rose 26.7% on a reported basis to €39.21 million, including contributions from Sogec and Budgetbox, while like-for-like growth was 2.7% to €31.79 million, driven by France. The company now expects 2026 gross profit of more than €77 million, down from a previous forecast of more than €78 million, and an adjusted operating margin of close to 13%, up from a prior estimate of more than 12%. HighCo also anticipates a significant improvement in profitability starting in 2027, with adjusted operating margin expected to exceed 15%. The results include €5.54 million in restructuring costs related to Sogec, which involves a job protection plan for 64 employees.

Adtech Hub Public Company Limited (ADD) is set to pay an interim dividend from its Q2/2026 operating results at 0.07 baht per share, with payment scheduled for today (September 9, 2026). For the first half of the year, the company reported total revenue of 163.38 million baht and operating profit of 12.96 million baht, supported by brisk marketing activities and campaigns from mobile phone operators. Mr. Sompoch Tanutantiwong, Chief Financial Officer, stated that in the second half, the company will accelerate growth from its existing businesses (organic growth), focusing on three core businesses: digital content, digital solutions, and digital marketing. It also aims to strengthen recurring income to support long-term growth.

Grand Prix International Public Company Limited (GPI) has announced its business plan for the final quarter of this year, expanding its expertise from motor shows to full-scale event and entertainment management. This includes organizing two concerts by Korean artist Do Kyung-soo on November 14-15, 2026, at Thunder Dome, Muang Thong Thani, with a total capacity of 10,000 seats. Additionally, GPI will partner with Index Creative Village Public Company Limited through IGP Global Company Limited to host the "Hungry Highway" event from November 6-8, 2026, at Crystal Design Center. The new business segment is expected to generate approximately 70-80 million baht in revenue this year, aiming to diversify risk and reduce reliance on motor show income alone.

Fluent, Inc., a provider of commerce media solutions, has appointed Jeanniey Walden as Chief Marketing Officer, a role that will oversee global marketing strategy as the company expands its commerce capabilities, including its recent launch of Fluent In-Store. Walden, a veteran marketing executive with over three decades of experience at companies like Rite Aid, Barnes & Noble, and JCPenney, previously served on Fluent's Board of Advisors. CEO Don Patrick highlighted her customer perspective and experience in commerce media transformation as valuable assets. The appointment comes as Fluent's commerce media business, which represented 63% of total consolidated revenue in the second quarter of 2026 with an annual run rate exceeding $125 million, continues to grow, with clients including CVS, Dick's Sporting Goods, and Walmart.

Magnite, the largest independent sell-side advertising company, has launched its first agentic campaign in EMEA in collaboration with Amnet France, the trading desk, for a leading automotive manufacturer. Using natural language prompts, Amnet leveraged Magnite's buyer agent to build and activate a video campaign through ClearLine, with the agent communicating with Magnite's seller agent to identify and activate relevant premium CTV supply. The campaign achieved an approximate 70% reduction in setup time and a video view-through rate of 95, while also surfacing inventory and optimization opportunities not typically found through manual workflows. Barbara Thuillier-Romeri of Amnet France noted the practical value of agentic technology, and Edouard Schmidt of Magnite emphasized the importance of connecting intelligence directly to execution. The results underscore the potential of agentic buying to improve operational efficiency and campaign performance for premium CTV campaigns.

Grand Prix International Public Company Limited, or GPI, is preparing to expand into new businesses involving event and exhibition organization in the lifestyle and entertainment sectors. In the final quarter of this year, it will hold two major events in November, namely a concert by South Korean artist Doh Kyung Soo, with two shows on November 14 and 15, 2026, totaling 10,000 seats at Thunder Dome, Muang Thong Thani. This marks the first time GPI has upgraded from a fan meeting organizer to a full-scale concert organizer. Additionally, there is the Hungry Highway event under IGP Global, a joint venture between GPI and Index Creative Village Public Company Limited, which will take place from November 6 to 8, 2026, at Crystal Design Center (CDC) on Ekkamai-Ram Intra Road, with an expected attendance of about 10,000 people. In particular, this new event and exhibition business is expected to generate revenue of 70-80 million baht this year (excluding revenue from other business groups), in order to diversify risk and reduce reliance on main revenue from the Bangkok International Motor Show.

Grand Prix International Public Company Limited (GPI) is leveraging its expertise to expand into lifestyle and entertainment event management in the final quarter. The company plans to host two concerts featuring South Korean artist Doh Kyung Soo, with a total of 10,000 seats, on November 14-15, 2026, at Thunder Dome, Muang Thong Thani. This marks the first time the company has upgraded from organizing fan meetings to full-scale concerts. Additionally, in partnership with its joint venture IGP Global, GPI will organize the Hungry Highway event from November 6-8, 2026, at Crystal Design Center, expecting around 10,000 visitors. These new ventures are projected to generate annual revenue of 70-80 million baht, excluding income from other business segments, aiming to diversify risk and reduce reliance on revenue from the Bangkok International Motor Show.

Asia Plus Securities noted that COM7's shareholder meeting on September 17, 2026 is a key catalyst for PLANB, as the agenda to appoint two directors nominated by PLANB has a high chance of passing, given that COM7's top two shareholders, holding a combined stake of around 41%, are likely to support the deal. If approved, PLANB will immediately begin recognizing its share of profits from COM7 using the equity method, which will enhance its profit structure and create upside for future earnings. In the third quarter of 2026, it is expected to recognize only 13 days of earnings, compared to an increase in interest expenses of around 56 million baht, but from the fourth quarter of 2026 onward, it will recognize a full quarter of around 120-140 million baht. Meanwhile, PLANB plans to further its collaboration with COM7 through the development of in-store media and EV7 taxi media. The Asian Games 2026, held from September 19 to October 4, 2026, is expected to support the engagement marketing business, although higher licensing costs will keep profit margins at low-to-moderate levels. The research department maintains its 2026 earnings forecast but raises its 2027 forecast by 18%, reflecting the recognition of profit share from COM7 and potential synergies, resulting in an increase in fair value from 6.25 baht to 7.00 baht, while maintaining a "Buy" recommendation.

Asia Plus Securities noted that COM7's shareholder meeting on September 17, 2026, is a key catalyst for PLANB, as the agenda to appoint two directors nominated by PLANB has a high chance of passing, given that COM7's top two shareholders, holding a combined stake of around 41%, are likely to support the deal. If approved, PLANB will immediately begin recognizing its share of profits from COM7 using the equity method, which will enhance its profit structure and create upside for future earnings. Meanwhile, PLANB plans to further its collaboration with COM7 through the development of in-store media and EV7 taxi media. The Asian Games 2026, scheduled from September 19 to October 4, 2026, is expected to boost the engagement marketing business. Although in the third quarter of 2026, PLANB will recognize only 13 days of profit share from COM7, compared with an increase in interest expenses of around 56 million baht, the positive impact will accelerate from the fourth quarter when it recognizes a full quarter of around 120-140 million baht. The research department maintains its 2026 profit forecast but raises its 2027 forecast by 18%, reflecting the recognition of profit share and synergy opportunities, resulting in an increase in fair value from 6.25 baht to 7.00 baht, while maintaining a "Buy" recommendation.

The Trade Desk announced a 15% workforce reduction as part of an organizational realignment, sending its stock down 4% to $14.55, extending a 62% year-to-date decline. The company's Q2 2026 revenue grew just 3% to $715.06 million, missing the $751.55 million consensus, while non-GAAP EPS of $0.34 fell short of the $0.40 estimate. The restructuring is expected to be substantially completed during Q3 2026, with cash charges of $39 million to $51 million. Meanwhile, peers AppLovin and Magnite outperformed, with AppLovin posting 52.8% revenue growth and an 84% EBITDA margin, and Magnite growing 11.2% with raised guidance. The Trade Desk's CEO Jeff Green acknowledged the quarter "did not meet the standard we set for ourselves," and the company has seen significant leadership turnover, including a new CFO and CMO.

The Trade Desk's stock climbed about 3% in early trading Friday after the digital advertising company announced plans to cut roughly 15% of its workforce as part of a restructuring program. The job reductions are expected to be largely completed during the third quarter of 2026, with cash expenses of approximately $39 million to $51 million, mainly covering severance and employee benefits. Some of that amount could be recovered through a $4 million to $5 million reversal in stock-based compensation costs. The company expects to record the restructuring accrual in the third quarter, though it noted that final costs could differ from current estimates. The initial share-price reaction suggests investors may view the restructuring as a move toward better cost discipline, despite the charges weighing on near-term results.

BUUU Group Limited has signed a definitive agreement to acquire a 60% equity interest in Brightray Science Inc., a provider of prefabricated modular data center solutions, and concurrently announced over US$60 million in private placements, making industrialized AI data center delivery its core growth business. The purchase consideration includes newly issued BUUU Class A shares valued at US$20.00 per share and a promissory note convertible into up to 10 million shares, with sellers retaining a 40% stake and a call option for BUUU to buy the remainder within three years. Brightray founder Bin Wang will join as Executive Director and Co-Chief Executive Officer, while BUUU plans to relocate its headquarters to Singapore. Brightray's flagship 120MW Sedenak Tech Park campus in Johor, Malaysia, currently operates 70MW, with delivery times compressed to six to nine months versus the conventional 18 to 36 months. The company targets roughly 1GW of deliveries over the next three fiscal years, with a pipeline expected to reach approximately 2GW, representing about US$9 billion in potential contract value across Malaysia, Indonesia, Saudi Arabia, the UAE, and the United States. The private placements, along with potential cash exercise of warrants at US$10.00 per share, are expected to generate aggregate gross proceeds exceeding US$60 million to support capacity expansion and working capital.

TNL Mediagene, a technology and digital media company listed on Nasdaq under the ticker TNMG, announced a 1-for-8 share consolidation of its ordinary shares, effective when the market opens on September 8, 2026. The reverse stock split aims to raise the per-share trading price to help the company regain compliance with Nasdaq's minimum bid price requirement of $1.00 per share and to attract institutional investors. Shareholders approved a consolidation ratio of up to 1-for-10 at an extraordinary general meeting on August 25, 2026, and the board later set the final ratio at 1-for-8 on August 27. Every eight existing shares will be combined into one, with fractional shares rounded up, and no shareholder action is required. Computershare will act as the exchange agent for the consolidation.

Iore, listed on the Tokyo Stock Exchange Growth Market, announced on August 31 that it has made additional acquisitions of the cryptocurrency Hyperliquid (HYPE), bringing the total acquisition amount since its initial purchase on July 28 to 100 million yen. The latest additional acquisition was conducted from July 30 to August 31, with approximately 8,709.57 HYPE acquired at a total cost of 89.915336 million yen, and an average acquisition price of about 10,324 yen. Including the initial purchase, the cumulative acquisition stands at approximately 9,787.82 HYPE, with a total cost of 100 million yen and an average acquisition price of about 10,217 yen. The company described this acquisition as part of its strategic efforts toward realizing its next-generation financial infrastructure initiative, the "Neo Crypto Bank," and stated that it will continue to consider additional acquisitions of digital assets while monitoring market conditions, liquidity, and its own financial situation. Additionally, on September 1, it joined the Japan Cryptoasset Business Association (JCBA) as an associate member, aiming to contribute to the formation of sound rules across the industry.

The Trade Desk stock rose 5% to $14.25 in morning trading after unveiling Kokai Zuma, the latest release of its Kokai platform for planning, buying, and measuring advertising across the open internet. The gain is company-specific, as the Invesco QQQ Trust fell 0.2% to $715.26, and the stock remains down 64% year to date. Kokai Zuma adds agentic AI capabilities and a simpler measurement framework, with recent enhancements producing an average 32% improvement in cost-per-acquisition performance. In contrast, AppLovin stock barely moved, down 0.2% to $316.99, despite posting 53% revenue growth in Q2 2026, while Magnite fell 0.8% to $23.50 after its own agentic push. Trade Desk trades at 11x forward earnings versus the industry's 20x average, and Zacks carries a Sell rating as near-term earnings momentum runs against the shares.

Dekuple Group, a European leader in Communication and Data Marketing, reported first-half 2026 revenue of €121.9 million, up 3.9%, and net revenue of €90.3 million, up 2.2%, driven by strong Digital Marketing growth and international expansion. Digital Marketing net revenue rose 8.4% to €57.0 million, while international net revenue surged 37.1% to €13.8 million, now representing 15.3% of total net revenue. The Magazines business declined 7.2% to €29.5 million, and Insurance net revenue fell 3.8% to €3.8 million, with a strategic review ongoing. Chairman and CEO Bertrand Laurioz reaffirmed the Ambition 2030 roadmap, highlighting AI integration and targeted acquisitions as key growth enablers. The Group will publish full first-half results on September 28, 2026.