AGBA - Edison Group

AGBA (NASDAQ: AGBA)

Currency in GBP

Last close As at 22/09/2023

GBP0.01

▲ 0.02 (3.06%)

Market capitalisation

GBP48m

Overview
Price performance
Financials
Research
Sector insights
Thematics

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

Financials |
Update

18.09.23

AGBA — Forecasts lowered but momentum maintained

Financials |
Update

18.05.23

AGBA — Taking health and wealth to the GBA

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Sector

Financials

Equity Analyst

Robert 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	(12.9)	(51.2)	(94.0)
Relative	(11.5)	(50.8)	(94.7)
52 week high/low	11.7p/0.6p

Financials

AGBA generated sales of US$28.4m in H123, 361% higher than in H122, as it continued to onboard agents and COVID-19 restrictions were relaxed. Compared to Q123, revenue increased by 54% as AGBA continued to benefit from the reopening of the Hong Kong-China border in February and the Chinese economy. Despite the positive momentum, AGBA has reduced its forecasts for each consecutive year to 2026 because of the slower-than-expected revival of the Chinese and Hong Kong economies so far in 2023. It still projects double-digit growth in subsequent years and expects to capitalise on increasing travel to Hong Kong from Mainland Chinese looking for high-quality health and wealth products.