AGBA (NASDAQ: AGBA)

Last close As at 26/07/2024

2.37

−0.17 (−6.69%)

Market capitalisation

194m

Edison Investment Research is terminating coverage on AGBA (AGBA). Please note you should no longer rely on any previous research or estimates for this company. All forecasts should now be considered redundant.

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

Share Price Performance

Price Performance
% 1M 3M 12M
Actual (24.0) 468.2 76.9
Relative (26.7) 410.8 41.5
52 week high/low US$4.0/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.

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