Diversified Consumer Services

TAL Education Group drew fresh investor attention after an upgraded earnings outlook and a top-tier Zacks Rank, supported by favorable forward P/E, PEG, and price-to-book metrics that compare well with peers. The improved outlook fits into an existing investment narrative built around ecosystem expansion, margins, and buybacks, with the key near-term swing factors remaining whether margin gains persist as revenue growth normalizes and how the loss-making learning device segment progresses toward profitability. The most relevant recent development is TAL's extension of its share repurchase authorization through July 2027, alongside almost US$1.2 billion of cumulative buybacks, a program that connects the upgraded outlook to a core catalyst of using excess financial capacity to shrink share count. TAL's narrative projects $5.1 billion revenue and $735.4 million earnings by 2029, requiring 16.5% yearly revenue growth and an earnings decrease of $172.1 million from $907.5 million today, and yields a $16.10 fair value, a 25% upside to its current price. While the consensus view is cautious on earnings, the most optimistic analysts were once modeling revenue of about US$6.3 billion and earnings of roughly US$1.3 billion, and investors should also note that a securities class action and ongoing legal uncertainty could still weigh on TAL's valuation.

eDreams ODIGEO announced a strategic collaboration with Alexa+, Amazon's next-generation AI assistant, to power travel discovery and booking. The integration uses eDreams ODIGEO's proprietary Model Context Protocol technology to connect its travel platform and operational voice to Alexa+, letting customers find and book flights, hotels, and car rentals through natural-language conversation. The company said the deal opens a new acquisition channel as its travel subscription model expands toward a goal of 13 million subscribers by March 2030. eDreams ODIGEO Chief Technology Officer Carsten Bernhard said conversational artificial intelligence is the latest major technological wave and a powerful accelerator for the business. The collaboration follows the Alexa Plus Partner summit held in Seattle last July, where eDreams ODIGEO was featured in the CTO Innovation Series hosted by Amazon Alexa.

DAOL Securities Thailand released an analysis today estimating that The Clinic Clinic Vejchakam, or KLINIQ, is likely to post standout results in the third quarter of 2026 and could set a new record, with net profit expected at around 125 to 130 million baht. The growth is driven by revenue expanding along with the opening of 10 new branches, together with same-store sales growth that continues at a double-digit pace, reflecting still-strong demand for services. Meanwhile, the ratio of selling and administrative expenses to revenue is trending lower thanks to more efficient cost management, which should support profitability in the second half of the year. For the full year 2026, DAOL Securities estimates KLINIQ's net profit at 476 million baht, up 31% from the previous year, and sees room for an upward revision if profit trends in the remainder of the year come in better than expected. DAOL Securities therefore maintains its Buy recommendation on KLINIQ with a target price of 35 baht, citing a positive view on profit growth, branch expansion, and improved cost-control efficiency.

Ruanyun Edai Technology Inc., trading as RYET, has signed a definitive agreement to grant BioNexus Gene Lab Corp., or BGLC, an exclusive license to its Cogni AI document-intelligence platform for healthcare in Malaysia, alongside a reciprocal share exchange. The license runs ten years from closing and is renewable at BGLC's option for two further five-year terms, up to 20 years in total, and is exclusive in Malaysian healthcare for the full term. RYET would receive a 10% royalty on qualifying technology receipts collected by BGLC and its affiliates, with no minimum royalty or guaranteed revenue, and the same 10% royalty applies to any other industry BGLC adds in Malaysia by notice. At closing BGLC would issue 410,000 common shares to RYET for the license, a consideration of US$3.5 million, and a further 150,000 shares in exchange for 500,000 new RYET ordinary shares, with no cash payment or true-up. Based on Nasdaq closing prices on October 2, 2026, of US$1.27 for BGLC and US$0.8599 for RYET, the 410,000 license shares had a quoted value of US$520,700, the 150,000 BGLC exchange shares US$190,500, and the 500,000 RYET shares US$429,950. The deal comes as Malaysia accelerates public healthcare digitalization, after Prime Minister Anwar Ibrahim announced a RM1 billion allocation on August 30, 2026, involving 150 hospitals and 2,000 health clinics, though neither company is a party to or has been awarded any contract under these government programs, and Cogni AI is not an electronic medical records system. Closing remains subject to conditions including BGLC's written acceptance of the technology after testing, due diligence, corporate and regulatory approvals, and any PRC approval, registration or license RYET needs to license and deliver the technology, with either party not in default able to terminate if closing has not occurred by March 31, 2027.

WeightWatchers shares jumped 8.9% in pre-market trading after the company announced a collaboration with Google Health Enterprise to integrate wearable technology and artificial intelligence health insights into its employer-sponsored and payer plans. Under the partnership, eligible members will gain access to Google Fitbit Air devices and Google Health Premium services upon reaching specific activity milestones. Participants in select employer-sponsored programs can connect the wearable devices directly to their accounts to track physical activity, sleep, and other health metrics. WW International said the integration of wearable technology and artificial intelligence insights aims to support habit building and overall health management for participating members. The stock is down 44.4% since the beginning of the year and, at $17.49 per share, trades 49.9% below its 52-week high of $34.92 from October 2025.

WW International Inc. announced a collaboration with Google Health Enterprise that combines wearable technology and AI-powered health insights with Weight Watchers' science-backed weight health program, starting in the employer-sponsored market. Available now through select Weight Watchers for Business client programs, eligible members gain access to Google Fitbit Air and Google Health Premium after completing required activity and duration milestones, and can connect a Fitbit Air to their Weight Watchers account for additional insights on activity, sleep, and health. Weight Watchers Chief Commercial Officer Scott Honken said the collaboration expands access and complements offerings such as the GLP-1 Success Program and Med+ virtual clinic, while Jeff Hamel, Managing Director of Home and Health Partnerships at Google, said the pairing delivers actionable insights into everyday moments. The companies cited a Weight Watchers clinical trial in which participants who tracked food at least five days a week lost four times more weight than those who tracked fewer than three days a week, and noted that adding a Fitbit to a health program increases activity by an average of 950 more steps per day. The launch reflects Weight Watchers' continued focus on expanding access to science-backed weight health support and is one step in an ongoing collaboration between the two companies.

Covista, America's largest healthcare educator, released the Covista Healthcare Workforce Index on September 28, 2026, projecting that the U.S. healthcare workforce shortage will nearly double by 2040 without action. The Index, built on a model by Oliver Wyman drawing on more than 60 data sets, estimates that pairing workforce investment with care delivery innovation could close 92% of the projected 2040 gap, with supply actions alone closing over half. Closing the nursing shortage alone could save nearly 100,000 lives cumulatively by 2040, while closing the physician gap could add more than six months to average life expectancy and cut specialist wait times by 20%. Unfilled healthcare positions already cost the average U.S. family about $430 a year, a figure the model projects could nearly triple to $1,250 by 2040, with rural and underserved communities bearing the heaviest burden. The Index estimates AI could close up to 37% of the 2040 gap but offset much of that gain by an estimated 18% through newly surfaced unmet need, while GLP-1s and CAR-T cell therapy could shrink the gap by a further 21% and care model redesign by another 13%.

UOB Kay Hian (Thailand) expects SPA's normalized profit in the second half of 2026 to improve both quarter-on-quarter and year-on-year, driven by revenue recovery from the expansion of roughly 3-4 additional branches and same-store sales growth expected to reach high single digits year-on-year, particularly in the fourth quarter of 2026, which is the high season for foreign tourists, especially Chinese visitors whose numbers have continued to rise from the previous year. The research team also expects the net profit margin to improve quarter-on-quarter on the back of an approximately 5% increase in service prices, the first such adjustment in 2-3 years, combined with higher revenue that generates economies of scale and helps offset the pre-operation cost of the Zeaforest project in Pattaya, which is expected to come in at around 10 million baht. For the Zeaforest project, the company maintains its plan to open in early 2027, possibly starting with the hotel portion followed by the wellness section such as the spa and onsen. The project has a total value of 820 million baht, comprising 170 million baht in lease rights, 300 million baht in rent, and 350 million baht in construction costs, with approximately 58 rooms priced at 10,000 baht per night, a rate expected to already include various service packages at Zeaforest. Meanwhile, about 60% of main revenue will come from the wellness segment, which can serve roughly 500 people per day, and the ticket size is estimated to be higher than that of Let's Relax's current spa services at around 1,500 baht per person. For the 2027 outlook, the research team expects the spa business to trend better on the back of more foreign tourists, both Chinese and Middle Eastern, and the full-year recognition of the service price increase. For the ZeaForest project, the research team estimates revenue close to that of the company at around 200 million baht, but expects a small loss in the initial phase. The research team maintains its "Buy" recommendation with a target price of 3.60 baht, based on a 2027 P/E of 18x, equal to the two-year average P/E.

Delivery Hero SE announced that Co-Founder and Chief Executive Officer Niklas Ostberg will continue to serve as CEO. Kristin Skogen Lund, Chair of the Supervisory Board, said Niklas built Delivery Hero and knows it better than anyone, adding that with the Uber and SSW transactions underway the board is delighted to have him continue leading the company through the next phase. Ostberg said that since the takeover announcement he has had more time to refocus inwards on the company, prioritizing its organisation and building a world-class customer experience, and that the Everyday App strategy is working with growth and profitability accelerating. Delivery Hero describes itself as the world's leading local delivery platform, operating in around 65 countries across Asia, Europe, Latin America, the Middle East and Africa, and has been listed on the Frankfurt Stock Exchange since 2017 as part of the MDAX index.

The National Development and Reform Commission said at a press conference on September 22 that during the 15th Five-Year Plan period it will push the BeiDou industry to exceed 1 trillion yuan in scale within five years, achieving new breakthroughs in market-oriented, industrialized, and internationalized large-scale applications of BeiDou. On the same day, the annual development report released by the China Electricity Council showed that China's electrification rate has surpassed 29 percent, reaching about 29.5 percent in 2025, up 1.4 percentage points from the previous year, and will leap to first place among major global economies by 2030. Alibaba CEO Wu Yongming said at the Apsara Conference that current customer demand for AI is very strong, and the company will fully invest in AI infrastructure construction, with a goal of operating more than 20 gigawatts of global data center capacity under Alibaba Cloud by 2032. Meituan Vice President and head of its flash purchase business unit Xiao Kun said that over the next three years, Meituan Flash Purchase will invest 30 billion yuan in support resources for industry partners in infrastructure construction, product research and development, and merchandise marketing. At the company level, CICC's share swap merger received valid declarations of dissent for 7.3219 million shares, and its A shares resumed trading; Shanshan Corporation plans to invest 5.106 billion yuan to build an integrated base project with an annual output of 150,000 tons of lithium-ion battery anode materials; and Wisesoft was placed on file for investigation by the China Securities Regulatory Commission for suspected illegal information disclosure.

SunCar Technology Group Inc. reported first half 2026 net income of $3.4 million, an $8.9 million improvement from a net loss of $5.5 million in the prior year period, on total revenue that rose 24% to $276.5 million from $222.3 million. Adjusted EBITDA increased 276% to $9.4 million from $2.5 million, and insurance premiums for electric vehicles grew 31% to $915.9 million from $697.6 million. Within the revenue total, auto eInsurance service revenue rose 29% to $126.2 million, auto service revenue rose 22% to $122.3 million, and technology service revenue rose 15% to $28.0 million. Chairman and CEO Zaichang Ye credited first-half wins including the Agricultural Bank of China chauffeur contract and multiple Huawei ecosystem customer wins, and the company reiterated its full year 2026 revenue forecast of approximately $600 million.

SISB Public Company Limited, or SISB, has announced it is moving ahead with the expansion of its seventh international school under a new brand called Marina Singapore International School in Pathum Thani province, with capacity for 1,200 seats. The school will target families in the Rangsit and Pathum Thani areas and broaden access to quality international education. It is expected to open in August 2027, with education delivered responsibly through curricula and activities aligned with sustainable development goals, and the company is confident it can generate long-term growth. Chief Executive Officer Yew Hock Kow, Chief Financial and Accounting Officer Sunantha Leelasangsai, and investor relations representative Supakorn Unhaphaiboon shared the information at an Analyst Meeting on second-quarter 2026 results held recently at the company.

Delivery Hero's management and supervisory boards formally recommended on September 2, 2026, that shareholders accept Uber Technologies' takeover offer, moving the roughly $15 billion deal for the German food-delivery platform a step closer to completion. Under the agreement, Uber will pay €41.50 per share, implying an equity value of $14.8 billion, and Delivery Hero's second-largest shareholder, Prosus, has irrevocably committed to tender its 17% stake. The shareholder acceptance period runs until November 5. Uber already owned roughly 25% of Delivery Hero and expects the deal to increase non-GAAP EPS upon closing, with high-single-digit percentage accretion by the third year. The combined company would operate across 99 markets and generate $236 billion in pro forma gross bookings, though the transaction still requires regulatory approvals that could delay it or force concessions.

SISB Public Company Limited, or SISB, has announced it will move ahead with the expansion of its 7th international school under a new brand called Marina Singapore International School in Pathum Thani province, with capacity for 1,200 students. The school will target families in the Rangsit and Pathum Thani areas in order to broaden access to quality international education. It is expected to open in August 2570 BE, and will deliver education responsibly through curricula and activities aligned with sustainable development goals. The company is confident it can generate long-term growth. These details were disclosed at an Analyst Meeting on its second-quarter 2569 BE operating results, held recently at the company, and attended by Chief Executive Officer Yew Hock Kow, Chief Financial Officer and Accounting Director Sunantha Leelasangsai, and Investor Relations Officer Supakorn Unhaphaiboon.

WEH successfully sold out its bond issue worth a total of 7,000 million baht, comprising four tranches of both general bonds and green bonds at Investment Grade level. Kiatnakin Phatra Securities acted as the underwriter, while Kiatnakin Phatra Bank served as the bond registrar and holder representative. The bonds were offered to institutional and high-net-worth investors and received a AAA rating with a stable outlook from TRIS Rating. Meanwhile, TPS launched the TALLI platform, a Thai-made AI built on the concept of unlocking AI for enterprises, enabling AI to access and use data within the rights, scope, and governance defined by each organization. It also serves as a gateway that helps organizations start using AI with their existing systems and data as efficiently as possible. SISB, for its part, is moving ahead with the expansion of its seventh international school under the new brand Marina Singapore International School in Pathum Thani Province, with capacity for 1,200 seats, targeting families in the Rangsit and Pathum Thani areas. It is expected to open in August 2570.

Supercell's Brawl Stars and Duolingo have debuted a global in-app face-off that brings their green mascots, the Duo Owl and Spike, into each other's worlds from September 19 through September 30. In Brawl Stars, Duo arrives as the game's latest boss, introducing a first-of-its-kind 20v1 Boss Fight mode set inside Duo's classroom, where players team up to defeat increasingly powerful versions of Duo while answering quizzes, with correct answers rewarded and wrong answers causing damage or elimination. Players can also join a community-wide event with daily assignments, completing a lesson each day and passing a final exam on the last day to unlock a reward. In Duolingo, Spike crosses over for a special limited-time streak-based Quest in which learners complete daily lessons to progress and unlock exclusive crossover rewards, including Spike in Brawl Stars. The collaboration follows weeks of the two brands trading jabs in comments, a feud that spilled into the streets and the skies. Brawl Stars, which has surpassed one billion lifetime downloads since its global launch in 2018, and Duolingo are both available on the App Store and Google Play.

DAOL Securities (Thailand) Public Company Limited has issued an analysis maintaining its "buy" recommendation on The Klinique Medical Clinic Public Company Limited, or KLINIQ, with a target price of 35.00 baht, based on a 2026 PER of 16 times. It kept its 2026 net profit forecast at 476 million baht, up 31% from the previous year, supported by revenue expected to grow 27% on branch expansion and same-store sales growth in the double digits, as well as a gross margin trending higher on product mix and more efficient cost control. The research team expects net profit in the second half of 2026 at 240 to 270 million baht, growing compared with the same period a year earlier and the first half. The company plans to open 10 additional branches in the third quarter of 2026 and another 3 branches in the fourth quarter of 2026. It has set a 2026 revenue target of 4.5 billion baht, up 27% from the previous year, and a net profit margin target of 11%. As for the surgical hospital investment plan, a long-term growth driver, contract details are currently being adjusted, with construction expected to begin immediately once the contract is completed, taking about 18 months to build. Initially, the investment budget is about 192 million baht for decoration work and the procurement of medical equipment. For 2027, DAOL expects KLINIQ to post a net profit of 578 million baht, up 22% from the previous year, on revenue expected to grow 20%.

The research team at Asia Plus Securities stated that Thailand's surgical and aesthetic industry is shifting from price competition toward quality, favoring large operators with strong brands, capital, and customer bases. Under this theme, the research team sees KLINIQ and MASTER as the main beneficiaries. KLINIQ stands out with its mid-to-upper customer base, multi-brand strategy, and network of more than 84 branches, while MASTER stands out in specialized surgery with high revenue per case and high margins, along with upside from the recovery of medical tourism. The research team estimates that profits in the second half for both stocks are likely to accelerate. KLINIQ is expected to post year-on-year profit growth in the third quarter of 2026 on double-digit same-store sales growth and a gross margin above 51 percent, while MASTER is expected to show a strong profit recovery from a low base last year after hospital revenue in July and August grew at a low single digit year on year, with the fourth quarter of 2026 being the high season. The research team maintains buy recommendations on KLINIQ and MASTER with fair values estimated at 34.00 baht and 12.00 baht, implying upside of 18 percent and 42 percent respectively, as share prices have not yet fully reflected the profit recovery in the second half of 2026.

Perdoceo Education said Monday it has entered into a definitive agreement to acquire 100% of the membership interests of South University Savannah from South University – Member. The company expects to complete the acquisition as early as April 2027, after which South will operate as a for-profit institution. Perdoceo expects to pay approximately $130 million to $140 million in cash at closing, after adjustments for cash, net working capital, and certain debt-like items agreed upon, based on South's balance sheet as of the beginning of April 2027, as well as indebtedness and Seller transaction expenses outstanding at closing. The consideration also includes $18 million of deferred consideration in installments over 24 months following closing and up to $56 million of earn-out payments tied to specified EBITDA thresholds for fiscal years 2027, 2028, and 2029. Perdoceo said it remains on track to achieve its full-year adjusted operating income outlook of $258 million to $263 million.

Delivery Hero has appointed John Woyton to its Supervisory Board, effective September 9, 2026, with his term running until the end of the Annual General Meeting 2027. Woyton joins as an independent board member succeeding Scott Ferguson, who stepped down to focus on other commitments, and he takes over all positions previously held by Ferguson, including seats on the Audit and Strategy Committees. Woyton brings over two decades of private equity and M&A experience across technology, media, and telecommunications, having begun his career as an investment banking analyst before moving to The Carlyle Group, then spending nearly 12 years at Advent International as leader of the TMT sector team and Partner. He served as a member of the Senior Leadership Team and Managing Director at H.I.G. Capital from 2021 to 2024, and in 2025 co-founded Covalent Equity Partners, a technology-focused private equity firm. Kristin Skogen Lund, Chair of the Supervisory Board, said Woyton's experience investing in and supporting technology businesses through periods of transformation will bring valuable perspective as Delivery Hero enters its next chapter, and thanked Scott Ferguson for his contribution over the last two years.

SISB Public Company Limited, or SISB, expressed confidence that its operating performance will continue to grow in the second half of the year following the second quarter of 2026. Chief Executive Officer Yew Hock Kow and Chief Financial Officer Sunanta Leelasangsai presented the information at an Earnings Call held on an online platform. The company stated that it will elevate the international curriculum of the group by integrating Artificial Intelligence Literacy into teaching and learning, while adjusting the Chinese Language curriculum to suit the current context, as well as providing University Counselling Services for further study at universities both domestically and abroad. The company is confident that its teaching quality, built over more than 25 years, will enable sustainable long-term growth. The event was held recently at the company.

SISB Public Company Limited, or SISB, has announced its goal of becoming a leader in quality, accessible education. Speaking at an Earnings Call for its second-quarter 2026 results, the company said its outlook for the second half of the year remains consistently positive. Chief Executive Officer Yew Hock Kow and Chief Financial Officer Sunantha Leelasangsai presented the information on an online platform. The company will upgrade its international curricula by integrating Artificial Intelligence Literacy into teaching and learning, by adapting its Chinese Language programme to suit the current context, and through University Counselling Services that guide students toward further study at universities both in Thailand and abroad. The company is confident that its more than 25 years of teaching quality will support sustainable long-term growth. The event was held recently at the company.

GULF announced a strategic partnership with Singtel Group to develop subsea cable infrastructure connecting Thailand and Singapore, aiming to elevate international connectivity and strengthen the digital infrastructure readiness of both countries. The collaboration also builds on existing capabilities to meet continuously rising demand for cloud services, artificial intelligence or AI, data centers, and digital services, while expanding business opportunities to create shared value and long-term growth. Meanwhile, SISB is confident of continued growth in the second half of the year and is upgrading its curriculum by integrating Artificial Intelligence Literacy into teaching, revising its Chinese language program, and adding educational guidance services for university admission both domestically and abroad. The company believes its more than 25 years of experience will drive sustainable long-term growth. Separately, SJWD plans to offer debentures to the general public with a total value of up to 1.5 billion baht, divided into a first tranche of 3-year debentures with a coupon of 2.85% per year, offered on September 18 and September 21-22, and a second tranche of 3-year 6-month digital debentures with a coupon of 2.95% per year, offered on September 18-22. The company is highlighting its record-breaking second-quarter 2026 results, with revenue and net profit at all-time highs, as a selling point.

SISB Public Company Limited, or SISB, has announced its goal of becoming a leader in quality, accessible education, stating at its Earnings Call for the second quarter of 2569 that the outlook for the second half of the year remains consistently positive. Chief Executive Officer Yew Hock Kow and Chief Financial Officer Sunantha Leelasangsai presented the information on an online platform. The company plans to upgrade the international curricula of its group by integrating Artificial Intelligence Literacy into teaching and learning, to adapt its Chinese Language curriculum to suit the current context, and to provide University Counselling Services for further study at universities both in Thailand and abroad. Management is confident that more than 25 years of teaching quality will enable the company to grow sustainably over the long term. The event was held recently at the company.

Skillsoft Corp. reported quarterly earnings of $1.17 per share, surpassing the Zacks Consensus Estimate of $0.83 per share and up from $0.92 per share a year ago, marking a surprise of +40.96%. Revenue for the quarter ended July 2026 came in at $98.25 million, missing the consensus estimate by 0.4% and down from $128.82 million in the prior-year period. The company has beaten EPS estimates in three of the last four quarters but topped revenue estimates only once. Skillsoft shares have declined about 28.3% year-to-date, while the S&P 500 has gained 12.1%. Looking ahead, the consensus EPS estimate for the coming quarter is $1.28 on $100.3 million in revenue, and for the current fiscal year it is $4.19 on $397.53 million in revenue. The company currently holds a Zacks Rank #3 (Hold), indicating expectations of performance in line with the market.

Nanjing University Environment's controlling shareholder plans to transfer no less than 15% of the company's total share capital through public solicitation of transferees by agreement. The completion of the transfer may lead to a change in the company's controlling shareholder and actual controller. Ben Chuan Intelligent plans for the company and its wholly owned subsidiary Zhuhai Shuohong to invest a total of no more than 3 billion yuan to expand high-end PCB capacity in Nanjing and Zhuhai. The Nanjing project has a planned total investment of about 2 billion yuan to build an industrial project with annual output of 1.5 million square meters of AI computing high-multilayer and high-order HDI circuit boards. The Zhuhai project plans to invest no more than 1 billion yuan to implement the Zhuhai Shuohong Phase II multilayer high-end interconnect products South China intelligent manufacturing base project. In addition, Zhifei Biological's controlling subsidiary Chongqing Chen'an Biopharmaceutical Co., Ltd. has had its application for production registration of semaglutide injection accepted by the National Medical Products Administration. Changgao Electric's four subsidiaries won a total of 299 million yuan in State Grid bidding, accounting for 17.96% of the company's 2025 consolidated operating revenue. Zhou Jinyi, a person acting in concert with the controlling shareholder of Asia-Pacific Technology, plans to increase his shareholding in the company by no less than 50 million yuan and no more than 100 million yuan. Guangyi Investment, a person acting in concert with the actual controller of Hangzhou Kelin, plans to increase its shareholding in the company by no less than 25 million yuan and no more than 50 million yuan. Yuwell Medical plans to repurchase company shares worth no less than 200 million yuan and no more than 400 million yuan.

KLINIQ or The Clinic Clinic Medical Company Public Company Limited has raised its full-year 2026 revenue target from 4.15 billion baht to 4.50 billion baht, following a strong first-half performance, with revenue of 2.21 billion baht and net profit of 233 million baht, up 33% from the previous year. Dr. Apirut Thongwat, Chief Executive Officer of the group, revealed that the growth comes from the Multi-brand strategy and the expansion of core businesses, especially the Aesthetic and Wellness segment, which is a key revenue base. Meanwhile, the Plastic Surgery business has shown improvement, with second-quarter 2026 revenue of 198.3 million baht and net profit of 9.2 million baht. Same-store sales growth (SSSG) increased by 21.5%, and the company now has a total network of 84 branches, up from 77 branches in the previous year. The company aims to maintain double-digit SSSG growth and expand branches in high-potential areas to support the new revenue target.