As the world's major economies grapple with the threat of a looming recession, it has never been more crucial for investors to look harder for opportunities with the potential for above-average returns.
According to BCA strategist Roukaya Ibrahim, a recession is still on the way despite
The
In
It's therefore not surprising that Asian-based companies have started getting on investors' radar, especially the ones with multiple positive catalysts that could drive their share price higher.
For instance,
Before going public, the group restructured to separate its legacy broker-dealer business into a platform business and a distribution business, which today offer unique products and services composed of:
*B2C: market-leading portfolio of wealth and health products *B2B: tech-enabled broker management platform for advisors
Trusted by over 400,000 individual and corporate customers, the group now has four distinct market-leading businesses: platform business, distribution business, healthcare business, and fintech business. Essentially, AGBA has become a leading one-stop financial supermarket offering the broadest set of financial and healthcare products in the
For starters, the group is led by top-notch management with deep industry expertise and impeccable credentials across platform, distribution, healthcare, and fintech businesses spanning over 20 years. The group is also well experienced in navigating the stringent regulatory regime in the country, having secured national and provincial operating licenses since 2006, which reiterates the group's commitment to operational excellence and credibility when it comes to regulatory compliance.
The choice of AGBA's strategic location in the Greater
So far, AGBA's unique 'universal' one-stop financial business solution platform serving financial advisors, brokers, and financial institutions has reaffirmed why the company is primed for massive growth going forward, considering the group is already servicing 16% of the
Also, according to its recently released third quarter earnings report for the period ending
On
This not only demonstrates the trust and confidence that both external investors and the company's management have in the company's franchise strength and growth potential but also reaffirms its long-term prospects based on the fact that it was executed at a price significantly above the market price of AGBA ordinary shares.
Unsurprisingly, it seems that the market has been taking note of the company's recent wins, as illustrated by the stock's recent rally, which has seen the share price surge by roughly 35% over the past month alone. However, this could just be the early stages of a much bigger rally, considering the extent of the company's undervaluation.
While there are no direct comparable companies to AGBA on the NASDAQ, we believe that the most relevant categories for comparison are insurance brokerage and tech-enabled wealth platforms. According to data from last year, insurance brokerages and tech-enabled wealth platforms had a median EV/Sales ratio of about 6.5x and 3.8x, respectively, which is in stark contrast to AGBA's EV/Sales ratio of just 0.06x based on 2023 revenue estimates.
That implies that
Also, according to AGBA's recent press release, the company will be implementing a number of cost-cutting measures in a bid to reduce operating expenses to further boost growth and profitability. At the same time, the company plans to sell assets from non-core activities to support growth. Following these strategic initiatives, AGBA will be well positioned to become a key player in the market and also be nimble enough to take on new partnerships. Ultimately, we believe that
Another stock that has been generating investors' interest is
Back in January, the company released its 2023 fourth quarter earnings guidance, which further reaffirmed the substantial opportunity in
MNY expects group revenue to increase by more than 50% year-over-year from
That is exactly why the company has embarked on building the largest ecosystem of creators, influencers, KOLs, and channel partners throughout
At the moment, the company has a market cap of about
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