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Society Pass Inc - SOPA STOCK NEWS

Welcome to our dedicated news page for Society Pass (Ticker: SOPA), a resource for investors and traders seeking the latest updates and insights on Society Pass.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Society Pass's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Society Pass's position in the market.

Rhea-AI Summary
Ascendiant initiates equity research coverage on Society Pass Inc. (Nasdaq: SOPA). SoPa reports strong 2Q 2023 revenue growth of 338% YoY. Major M&A with PT Inetindo Info expected to contribute to future results. SoPa expects cash profitability in 2H 2023. Focus on loyalty platform and online lifestyle platform in Vietnam. Positive market opportunities in SEA. Current valuation attractive with a BUY rating and $3.75 price target.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.36%
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Rhea-AI Summary
SoPa officially launches Thoughtful Media Group (TMG), the leading digital advertising platform in Southeast Asia, in the Philippines market. TMG has expanded its ecosystem of multi-platform advertising services through a network of more than 10,000 talented creators across multiple industries in Thailand, Vietnam, Indonesia, and the Philippines.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.05%
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none
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Rhea-AI Summary
Society Pass Inc. (Nasdaq: SOPA) Receives Positive Research Report from Maxim Group LLC, Projects 194% Revenue Increase in 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.21%
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none
Rhea-AI Summary
SoPa reports 348% YoY revenue growth in 1H 2023, with gross margin improving to 29.9% in 2Q 2023. Cash operating expenses declined in both periods. Completed acquisitions and expects to close another in September 2023. Expects cash profitability in 2H 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.64%
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Rhea-AI Summary
SoPa announces strategic payments partnership with 2C2P to drive e-commerce shopping in SEA
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.96%
Tags
partnership
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Rhea-AI Summary
NusaTrip Inc acquires Vietnam International Travel and Service JSC, an IATA-licensed travel agency, as part of its plan to create a regional online travel platform in Southeast Asia. The acquisition brings approximately US$2 million of GMV to NusaTrip's revenue base. NusaTrip aims to acquire other IATA-licensed travel agencies in the Asia Pacific region in 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.2%
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Rhea-AI Summary
Ascendiant Capital Markets initiates coverage on Society Pass Inc. with a BUY rating and a 12-month price target of $3.50. They believe SOPA has a billion-dollar market potential and a strong revenue growth forecast. The recent acquisition of PT Inetindo Info is expected to contribute significantly to SOPA's results. Current valuation is considered attractive with a potential upside from the current share price.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.95%
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none
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Rhea-AI Summary
Society Pass Incorporated will introduce its universal loyalty application, Society Pass Loyalty Wallet, at a launch party in Singapore. The app offers ease of use and value for consumers and merchants, with seamless integration with Nusatrip.com and Gorilla.Global. SoPa aims to connect all subsidiaries to the app by 4Q 2023. The platform generates benefits for merchants by creating customer loyalty and additional revenue streams. Users can pay for goods and services in-store, in-app, or online.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.17%
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none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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Society Pass Inc

Nasdaq:SOPA

SOPA Rankings

SOPA Stock Data

4.31M
21.33M
32.64%
4%
0.87%
All Other Business Support Services
Administrative and Support and Waste Management and Remediation Services
Link
Singapore
Singapore

About SOPA

a lifestyle application, powered by ai cognitive analytics technology, sitting at the nexus between consumers and merchants in southeast asia, the society pass transforms business models by: 1. brokering transactions for consumers by through a wide array of value-enhancing and time-saving products and services; and 2. monetizing data for platform partners.