Is $TGL Poised to Become the Next SuperNova? Exploring the Potential of Treasure Global Inc

 

Treasure Global Inc (NASDAQ: TGL)

Treasure Global, a Malaysian solutions provider, is at the forefront of developing innovative technology platforms. The company has introduced two key technology solutions: ZCITY App, which is a distinctive digital ecosystem that revolutionizes and streamlines the e-payment process for users while offering them rewards; and TAZTE, a digital food and beverage management system that equips merchants with comprehensive management and automated tools to digitize their operations. Additionally, Treasure Global serves as the master franchiser for well-known restaurant chains in Southeast Asia, integrating them with the TAZTE solution. As of March 19, 2024, ZCITY has amassed over 2,695,549 registered users.

Driving Innovation and Growth: A Recap of Treasure Global's Recent Milestones

Business Highlights:

As of December 31, 2023, there are over 2.68 million registered users, with a significant 53% being paid users who have made three or more transactions in the quarter.

The company has signed various agreements and partnerships, including a memorandum of understanding with UCSI Hospital to promote stem cell healthcare tourism, and a contract to supply curry puffs to a leading convenience store chain.

A landmark event was the hosting of an artificial intelligence robot for TikTok Live Commerce, alongside the launch of the ZCITY Live Commerce solution on Meta Platforms.

In collaboration with AIO Synergy Solutions, the company is developing a data center dedicated to AI applications.

Success of ZCITY’s Premium Store:

Treasure Global Inc. has reported the triumph of ZCITY's Premium Store, marking substantial achievements since its inception. A standout figure is the sale of over 6,000 Bill Saver Bonanza Packs post-launch, underscoring the platform's capacity to boost transactions. By harnessing sophisticated AI tools, ZCITY has procured critical insights into consumer spending patterns, facilitating the creation of highly customized packages that cater to the unique needs of each user. The Premium Store has been instrumental to TGL's success, contributing to a 48% year-over-year surge in revenue for the second quarter of the fiscal year 2024. Additionally, the company's net loss shrank from US$2.0 million to US$1.2 million in the same period, indicative of the strategic efficacy of initiatives like the ZCITY Premium Store. Sam Teo, the CEO of Treasure Global, conveyed his excitement over the notable sales and revenue upswing brought about by the Premium Store, mirroring the firm's dedication to innovation. Committed to pioneering advancements and providing unmatched user experiences, Treasure Global plans to further refine its services and broaden its market presence.

Strategic Partnership between Treasure Global and Silica-AI:

Treasure Global and Silica-AI have entered into a strategic alliance to transform the AI and IoT sectors throughout Southeast Asia. This partnership is set to offer state-of-the-art solutions that meet the changing requirements of customers, improve operational efficiencies, and generate enduring benefits for both partners and stakeholders. Southeast Asian businesses stand to gain from tailored recommendations, intelligent inventory management, predictive maintenance, superior customer service, dynamic pricing, and customized marketing initiatives. Utilizing AI algorithms and IoT sensors, companies can deliver individualized experiences, streamline operations, and enhance profits. The collaboration between Treasure Global and Silica-AI represents a major leap in promoting AI-led innovation in the region, heralding a new epoch of technological progress and digital superiority.

ZCITY Securing a US$2 Million Marketing Contract:

Treasure Global's affiliate, ZCITY, has clinched a landmark US$2 million marketing deal with Satria Dunia Sdn Bhd. The agreement is designed to elevate the status of Korean beauty products using ZCITY's sophisticated AI Marketing Engine. This pivotal development marks a considerable achievement for Treasure Global as ZCITY broadens its influence and capabilities within the beauty sector. By harnessing state-of-the-art AI technology, Treasure Global seeks to enhance brand exposure and accelerate sales for Korean beauty products. The Malaysian beauty market offers promising prospects, especially as Korean beauty products have been increasingly popular in recent times. This partnership highlights Treasure Global's dedication to transforming the beauty industry with inventive marketing strategies and propelling revenue growth in the ever-evolving beauty landscape.

Treasure Global has announced its 2024 Annual General Meeting of Shareholders will be held on Tuesday, June 11.

Technical View:

Market Cap. 6.88M - Sales 53.59M - Insider Owner 58% - Inst. Owner 11% - Shares Outstanding 17.90M - Float Shares 0.55M - Short Float 2.61% - No Debt

TGL --> This stock, a relatively tiny name, caught the attention of investors and traders last week. Its price jumped 29.34% on strong bullish volume, breaching the downtrend line and the 20-day moving average. The stock recently underwent a Reverse Split and has less than 1 million shares in float, indicating high run potential. With momentum picking up and recent significant headlines, surpassing the $6.00 mark could send it soaring. Recall, it was priced at $43.00 last October. Considering the nano float and renewed momentum, this stock could be promising. It's one to watch.