TryHard Holdings (THH) Partners with STAR PARTY for Joint Venture in Japan
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2h ago
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Source: Benzinga
- Joint Venture Plan: TryHard Holdings has signed a Memorandum of Cooperation with STAR PARTY HK LIMITED to establish a joint venture in Japan with a registered capital of 90 million yen, where TryHard will contribute 7.5 million yuan for a 35% stake, aiming to enhance the strategic positioning of the 'Star Party' brand.
- Investor Sentiment Impact: Although the joint venture reflects a commitment to collaborative growth, the non-binding nature of the MoC may affect investor sentiment, leading to a 7.81% decline in stock price to $29.50 during Thursday's trading.
- Strong Short-Term Momentum: TryHard's stock is currently trading 31.0% above its 20-day simple moving average and 83.0% above its 50-day average, indicating strong short-term momentum with a 431.56% increase over the past 12 months.
- Market Assessment: Benzinga Edge ranks TryHard as a 'High-Flyer', despite a low value score of 0.84/100 indicating the stock is priced at a premium relative to peers, the strong momentum suggests potential for continued upward movement.
Analyst Views on THH
About THH
TryHard Holdings Ltd is mainly involved in event curation, consulting and management services, sub-leasing of entertainment venues, and ownership and operation of restaurants. Event Curation combines art, music, and technology to create unforgettable experiences. The Company plans and produces highly customized events, including interactive trade shows, music festivals, live concerts, theme parties, and more. Consulting and management services leverage data-driven insights to optimize venue operations and increase customer satisfaction. The Company offers comprehensive support, including strategic planning, operations management, and marketing solutions. The Company also offers subleasing of entertainment venues with customized programming and marketing support. The Company also owns and operates restaurants, bars, and eateries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
