TGL
Treasure Global to Report Third Quarter Fiscal Year 2024 Results on May 14, 2024
8% of Malaysia has already bought into the concept with 2,680,000 registered ZCITY users in the country with a population of 34 million
TGL Recently Took Measures to DRASTICALLY Reduce the Size of the Float!!
READ THE COMPANY PRESENTATION HERE
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Hello Everyone,
We have a new profile that we want you to get on your radar for next week.
This is a company that just completed a 1:70 reverse split back in February.
This drastically reduces the float when a company does that.
We have covered a few companies recently that completed reverse splits and went on to show immense volatility due to the limited number of shares available.
There is no way to tell if this is exact but Finviz has the entire float at just over a Half Million Shares.
If true then that could explain why TGL has been on the move.
This one just touched 6 bucks on Friday and has closed green 3 of the last 4.
Two of those sessions it closed up double digits (12.5% & 17%).
Recently the company announced that it will report its financial results for the third quarter of fiscal year 2024, which ended on March 31, 2024, after market close on Tuesday, May 14, 2024. This could be a major catalyst this week for the company depending on what they report.
TGL has demonstrated consistent year over year profit growth from the company.
Recently revenues have been down and profits have been up because the company has been focusing on increasing growth in higher-margin revenue channels.
Gross profit for the second quarter of the 2024 fiscal year was approximately $0.35 million, a 48% improvement year-on-year, from approximately $0.23 million for the second quarter of the 2023 fiscal year. The increase in gross profit was primarily due to initiatives mentioned above that the Company is implementing to grow gross margins.
Treasure Global Inc (TGL) is a Malaysian e-commerce company whose mission is to “bring together the worlds of online e-commerce and offline physical retailers.”
Its proprietary app, ZCITY, is kind of like Google Pay meets Groupon, but operates in Malaysia.
ZCITY gives users a simplified e-payment solution while allowing them to earn rewards from cash rebates to exclusive discounts and vouchers.
From the merchant side, companies can send ZCITY users personalized deals based on purchase history, location, and preferences — all powered by artificial intelligence.
ZCITY even allows users to pay things such as utility bills, rent, or TV subscriptions, all while earning “Zcoins,” which can be redeemed for a variety of rewards.
Launched in Malaysia in July 2020, ZCITY has already achieved significant market penetration, with 2,680,000 registered users and 2,000 registered merchants/brands as of December 2023.
To put that in perspective, Malaysia’s population is 34 million, meaning 8 percent of them are registered users on ZCITY.
TGL’s other main app is TAZTE, which is kind of like the Malaysian Yelp but with payment integration via ZCITY.
Merchants can set discounts, provide rewards, and offer loyalty programs all through the app. It also features inventory management and consumer behavior analysis.
Recent Business Highlights
- Over 2.68 million registered users as of December 31, 2023.
- 53% of paid users transacted three or more times in the quarter ended December 31, 2023.
- Quarterly active users for the quarter ended December 31, 2023 were 156,979.
- Paid users down by 64% year-over-year.
- A total of 0.58 million transactions were transacted by our registered users in the quarter ended December 31, 2023.
- Signed a memorandum of understanding between ZCITY and Malaysia’s leading healthcare group, UCSI Hospital, to pioneer stem cell healthcare tourism for Indonesia, Hong Kong and China.
- Signed an agreement for Treasure Global’s Abe Yus to supply its high-selling curry puffs to the world’s largest convenience store chain.
- Announced major shareholder lock-up agreement.
- Unveiled premium store, paving the way for an elevated ZCITY experience and substantial growth.
- Announced closing of $4.0 million public offering.
- Signed agreement to retire convertible debt notes.
- Hosted historic artificial intelligence (“AI”) robot for TikTok Live Commerce in Malaysia.
- Entered booming global gaming market, launching 10 mini games integrated with AI Game Creator in ZCITY’s 3D World.
- Launched ZCITY Live Commerce solution on Meta Platforms.
- Collaborated with AIO Synergy Solutions on development of data center for AI applications.
Revenue Streams:
- E-vouchers — “Users can purchase ewallet reload vouchers, petrol vouchers, shopping vouchers with instant rebates”
- Zmembership — “Offering bundles of discounted promo codes and attractive Zcoins to enhance consumption”
- Zstore — “An ecommerce platform to earn more rewards while purchasing goods; referral program; lower prices with the Group Buy function”
- Bill Payment — “Offering more than 15 billers enabling users to pay utility bills, loans, etc in 1 app”
- TAZTE — “An end-to-end smart order system focused on SME Food & Beverage (F&B) Merchants”
- Foodlink Global — “F&B franchisor revenue streams including start up fee and monthly licensing fees”
- Others — “Miscellaneous income e.g. affiliate income, commissions and advertisement, etc”
Treasure Global’s ZCITY Secures US$2Million Marketing Contract through its AI Marketing Engine
Promoting Prestige Korean Beauty Products to Malaysia and Southeast Asia market
NEW YORK and KUALA LUMPUR, Malaysia, May 09, 2024 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ: TGL) (“Treasure Global” or the “Company”), an innovative technology solutions provider, is thrilled to announce that its subsidiary, ZCITY, has secured a groundbreaking US$2 million marketing contract. This contract, honored by Satria Dunia Sdn Bhd, aims to promote prestige Korean beauty products through ZCITY’s advanced artificial intelligence marketing engine (“AI Marketing Engine”).
This strategic move signifies a significant milestone for Treasure Global as ZCITY expands its presence and capabilities in the beauty industry. Leveraging ZCITY’s cutting-edge artificial intelligence technology, Treasure Global is poised to maximize brand visibility and drive sales growth for its clients’ Korean beauty products.
The Malaysian beauty market presents immense potential for revenue generation, with Korean beauty products gaining significant traction in recent years. According to market statistics, the revenue of the Korean beauty products market in Malaysia is projected to surge, with a compound annual growth rate (“CAGR”) of 9.54% from 2023 to 2032. In 2022 alone, the market revenue was valued at approximately US$313 million, underscoring the lucrative opportunities present in the region.¹
“This alliance underscores our commitment to revolutionizing the beauty industry through innovative marketing solutions. With ZCITY’s AI Marketing Engine, we are well-positioned to capitalize on the burgeoning demand for prestige Korean beauty products in Malaysia and beyond. This collaboration represents a strategic move to drive revenue growth and solidify our presence in the dynamic beauty market,” said Sam Teo, Chief Executive Officer of Treasure Global.
NEWS
MAY 10, 2024 7:00PM EDT
Treasure Global Announces 2024 Annual General Meeting of Shareholders
MAY 09, 2024 8:00AM EDT
Treasure Global’s ZCITY Secures US$2Million Marketing Contract through its AI Marketing Engine
MAY 01, 2024 8:00AM EDT
Treasure Global to Report Third Quarter Fiscal Year 2024 Results on May 14, 2024
APR 11, 2024 8:30AM EDT
Treasure Global’s ZCITY is Anticipated to be Appointed Operator of Malaysia Pavilion, Tapping into Lucrative China Market
MAR 26, 2024 8:00AM EDT
Treasure Global Successfully Regains Compliance with Nasdaq Minimum Bid Price Requirement
MAR 08, 2024 8:00AM EST
Treasure Global’s AI-Powered ZCITY Premium Store Surpasses Expectations, Selling over 6,000 Bill Saver Bonanza Packs Within Four Months of Launch
FEB 23, 2024 11:00AM EST
Treasure Global Announces 1:70 Reverse Stock Split
FEB 22, 2024 8:00AM EST
Treasure Global and Silica-AI Forge Strategic Partnership to Revolutionize AI and IoT Landscape Across Southeast Asia
FEB 14, 2024 5:00PM EST
Treasure Global Reports Second Quarter Fiscal Year 2024 Results
FEB 05, 2024 8:30AM EST
Treasure Global CEO Demonstrates Confidence in Company's Future Through Share Purchase
MANAGEMENT TEAM
Sincerely,
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