AGBA (NASDAQ: AGBA)

Last close As at 13/04/2024

USD0.41

0.00 (0.75%)

Market capitalisation

USD31m

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

View More

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

Financials | Update

AGBA — Taking health and wealth to the GBA

AGBA Holding

Sector

Financials

Equity Analyst

Rob Murphy

Managing Director, Financials and Investment Trusts

Analyst avatar placeholder

Armando Hoxha

Associate Analyst, Financials

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 6.2 4.1 (73.4)
Relative 4.5 (4.3) (78.9)
52 week high/low US$2.7/US$0.3

Financials

On 15 February AGBA announced term sheets have been executed on a US$5.1m private placement of ordinary shares plus warrants to an institutional investor and AGBA’s group president and management. The terms are similar to the announcement made at the Q323 results with the shares priced at US$0.70 per share, a 62% premium to the previous day’s closing share price. The significant premium signals management’s confidence in AGBA’s long-term value, with group president Mr Wing-Fai Ng taking up 53% of the offer. Moreover, on 27 February AGBA released an investor update signalling a strong recovery in Mainland Chinese visiting Hong Kong over the 2024 Chinese New Year holiday, above 2018 levels. With its continuing focus on costs and sales of non-core activities, AGBA is streamlining itself to benefit from the anticipated continuing recovery in 2024 and beyond.

Thematics

thematic

Financials

South African life assurers: Where is the growth?

thematic

Financials

IFRS 17: Impact on life assurance companies

thematic

Financials

Crypto, are you dead yet?

Subscribe to Edison

Get access to the very latest content matched to your personal investment style.

Sign up for free