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Bangkok Post – Thai beauty pageant’s 900% rally defies warning, beats Miss Universe

Executives of Miss Grand International Plc poses for photos on the first day of trading on Dec 14, 2023. (Photo: @SET_Thailand_EN X account)

A gravity-defying rally in Thailand’s beauty-pageant organiser Miss Grand International Plc (MGI) is finally seen petering out on concerns that the valuation has become overstretched.

The stock has surged more than 900% since its debut at 4.95 baht apiece mid-December, making it the second best-performer of any new listing in…

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