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AGBA (NASDAQ: AGBA)

Last close As at 24/04/2024

USD2.45

▲ −0.52 (−17.51%)

Market capitalisation

USD183m

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 | 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
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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 580.7 544.7 10.4
Relative 602.6 518.9 (10.0)
52 week high/low US$3.0/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.

Research

agba3

Flash note

Financials

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

Update

Financials

AGBA — Forecasts lowered but momentum maintained

Financials

Flash note

AGBA — US$5m placement at a premium

Update

Financials

AGBA — Taking health and wealth to the GBA

Further insights

insight

Financials

AGBA: The number one wealth and health group in Greater Bay Area, China

insight

Financials

Scaling a ‘sticky’ China Business AGBA: A one-stop, tech-led financial and healthcare supermarket

Analyst of the week

Milosz Papst

Milosz Papst

Director, Financials

mpapst@edisongroup.com +44 (0)20 3077 5700
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