AGBA (NASDAQ: AGBA)

Last close As at 27/04/2024

USD2.24

−0.21 (−8.57%)

Market capitalisation

USD167m

AGBA Group Holding provides healthcare, wellness, financial advisory and fintech services. The group is organised into four divisions: Platform, Distribution, Healthcare and Fintech. The AGBA platform helps individual and corporate customers with financial, medical and healthcare service options. AGBA is an omnichannel one-stop financial business solution platform that offers financial services, expands business opportunities and enhances business productivity to licensed financial advisers, licensed brokers and licensed financial institutions.

Latest Insights

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Financials | Outlook

AGBA Group Holding — A transformational deal

Financials | Flash note

AGBA — US$5m placement at a premium

Financials | Flash note

AGBA Group Holding — Year-to-date pre-tax result in line

Financials | Update

AGBA — Forecasts lowered but momentum maintained

AGBA Holding

Sector

Financials

Equity Analyst

Rob Murphy

Managing Director, Financials and Investment Trusts

Key Management

  • Almond Wong

    Group Chief Operating Officer

  • Desmond Shu

    Acting Group Chief Financial Officer

  • Jeroen Nieuwkoop

    Group Chief Strategy Officer

  • Wing Fai Ng

    Group President

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 443.0 489.5 17.9
Relative 461.3 471.5 (4.9)
52 week high/low US$3.0/US$0.3

Financials

On 18 April, AGBA announced a surprise deal to acquire 100% of Triller Corp, a global AI-driven social video platform, in an all-stock transaction. Triller is privately-owned but has been independently valued at US$3.2bn. AGBA’s management is using a US$4bn valuation for the combined entity, in which AGBA shareholders will own 20% and Triller shareholders 80%. Triller recorded FY23 revenues of US$45m on 450m user accounts and 2.2m creators but is loss-making. In FY23, AGBA reported revenues of US$54m and 400,000+ clients. The combined group expects synergies from expanding and marketing to Triller’s users and utilizing Triller’s AI, natural language processing (NLP) technology and digital marketing capabilities to drive growth in its Asian investment advisory business and fintech investments.

Thematics

thematic

Financials

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Financials

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thematic

Financials

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