AGBA (NASDAQ: AGBA)

Currency in GBP

Last close As at 22/09/2023

GBP0.01

0.02 (3.06%)

Market capitalisation

GBP48m

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

AGBA — Forecasts lowered but momentum maintained

Financials | Update

AGBA — Taking health and wealth to the GBA

AGBA Holding

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.

Thematics

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