Treasure Global Inc. stock declines amid market gains
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 18 2024
0mins
Source: Coinmarketcap
Treasure Global Inc. shares fell 5.28% in pre-market trading, crossing below the 5-day SMA, indicating a bearish trend.
The decline comes despite the broader market's positive performance, with the Nasdaq-100 and S&P 500 both showing gains. This suggests a sector rotation, as investors may be reallocating funds away from Treasure Global Inc. to other sectors that are performing better.
Investors will be watching for any upcoming news or developments that could impact Treasure Global Inc.'s performance, as the current market conditions may lead to further volatility.
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Analyst Views on TGL
About TGL
Treasure Global Inc. is a holding company. The Company, through its wholly owned subsidiary, ZCity Sdn Bhd (ZCITY), engages in the payment processing industry and operates an online-to-offline (O2O) e-commerce platform known as ZCITY. The Company has business interests in creating an O2O e-commerce platform with an instant rebate and affiliate cashback program business model, focusing on providing a seamless payment solution and capitalizing on big data using artificial intelligence technology. The Company's product is an Internet application (app) called ZCITY App. ZCITY App drives user app download and transactions by providing instant rebate and cashback. The ZCITY App targets consumers through the provision of personalized deals based on consumers' purchase history, location and preferences. Its technology platform allows it to identify the spending trends of its customers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Treasure Global Offers Complimentary OXI Visa Cards to Shareholders
- Shareholder Benefit Program: Treasure Global announces an exclusive offer of 100 complimentary OXI Visa Cards to eligible TGL shareholders, celebrating the milestone of obtaining Canadian Money Services Business registration, aimed at enhancing shareholder awareness and engagement with the OXI ecosystem.
- Market Expansion Strategy: Following the Canadian MSB registration, the company plans to progressively expand OXI Wallet's capabilities to include cross-border payments, remittances, and stablecoin settlements, targeting the global cross-border payments market projected to reach $320 trillion by 2032.
- User Growth Potential: As of March 31, 2026, Treasure Global's ZCITY Super App has attracted 2.71 million registered users, highlighting its significant position in Malaysia's digital economy and establishing a user base for promoting OXI Wallet.
- Technology Innovation Drive: The OXI Card is designed to enable users to conveniently access and utilize their funds through established card payment infrastructure, supporting contactless payments and international merchant compatibility, further advancing the company's strategic positioning in the fintech sector.
See More
Treasure Global Secures Canadian MSB Registration for Oxi Wallet Expansion
- Regulatory Milestone: Treasure Global has successfully secured Canadian Money Services Business (MSB) registration, marking a significant regulatory milestone that accelerates the global expansion of its flagship digital financial platform, Oxi Wallet, and represents a critical step in building a trusted global digital financial ecosystem.
- Market Opportunity Expansion: According to Visa, the fiscal year 2025 saw 257.5 billion payment transactions and $14.2 trillion in payment volume, highlighting the vast scale of global digital payments infrastructure, which Treasure Global aims to leverage to expand its addressable opportunity in the global payments and digital asset infrastructure markets.
- Functionality Expansion Plans: Oxi Wallet is set to progressively enhance its capabilities to include cross-border payments, remittances, foreign exchange services, and stablecoin settlements, aiming to evolve into a comprehensive financial platform that connects traditional finance with the rapidly growing digital asset economy, thereby improving user experience and market competitiveness.
- Regional Market Focus: Following the MSB registration, Treasure Global will prioritize the commercialization of Oxi Wallet across Asia-Pacific markets, planning to integrate with regional payment systems such as QR networks, DuitNow, and PayNow to enable seamless interoperability between global and local payment ecosystems.
See More
Treasure Global Secures Exclusive Distribution Rights in GovTech
- Exclusive Distribution Agreement: Treasure Global's subsidiary Tadaa Technologies has secured exclusive rights from Nervesis to distribute and maintain the AI-powered ZYGY Social Listening Platform for Malaysia's government sector, accelerating the company's expansion into the GovTech market.
- Revenue Model Transformation: This agreement establishes a foundation for recurring revenue through software subscriptions and ongoing technical support, which is expected to significantly enhance the company's financial stability and long-term profitability.
- Strategic Expansion: The partnership marks a crucial step in Treasure Global's AI commercialization roadmap, further solidifying its position within Malaysia's rapidly growing GovTech ecosystem.
- Positive Market Reaction: Treasure Global's stock rose 2.3% in premarket trading, reflecting the market's positive response to the agreement and confidence in the company's future growth potential.
See More
Treasure Global Secures $15 Million AI Contract
- Contract Award: Treasure Global (TGL) announced securing a $15 million contract from Creative World Industries to develop an AI-integrated platform that can convert large volumes of online chats into data for marketing intelligence and customer experience decision-making, highlighting strong market demand for AI solutions.
- Revenue Forecast: Last week, the company issued preliminary expectations for fiscal 2026, forecasting revenue to more than double, while focusing on scaling its user and merchant base across the ZCITY super app in fiscal 2027, enhancing its competitive position.
- Technological Innovation: The new platform will leverage Nvidia's GPU infrastructure to process “millions of digital interactions” and produce outputs such as real-time sentiment analysis, trend detection, and behavioral insights, further solidifying TGL's position in a rapidly growing market.
- Leadership Change: Sam Teo returned to TGL as acting CEO in April, taking over from Carlson Thow, who became executive director, with Teo's return expected to bring renewed leadership aimed at expanding AI-driven solutions across multiple industries.
See More
Treasure Global Secures $15 Million AI Contract
- Significant Contract Value: Treasure Global has secured a $15 million contract with Malaysia's Creative World Industries, marking a pivotal shift towards high-value enterprise AI revenue streams, which is expected to significantly enhance its market competitiveness.
- Innovative Technology Application: The project aims to develop an enterprise-grade Social Listening AI System that leverages large language models and machine learning to process millions of multi-channel digital interactions in real-time, delivering actionable business intelligence to support brand and marketing management.
- Growing Market Demand: This collaboration highlights the accelerating global demand for AI systems capable of driving real-time decision intelligence across various sectors, including telecom, finance, healthcare, and public services, further solidifying Treasure Global's strategic position in the AI landscape.
- Future Growth Potential: Treasure Global anticipates that this project will unlock follow-on software deployments and licensing opportunities, create recurring service-based revenue streams, and provide a validated reference model to accelerate client acquisition in new global markets.
See More
Treasure Global Expects Over 100% Revenue Growth in FY2026
- Revenue Growth Expectation: Treasure Global anticipates over 100% year-over-year revenue growth for FY2026, driven by the ongoing expansion of its digital ecosystem and increasing merchant adoption across Southeast Asia, indicating strong performance in a rapidly growing market.
- Financial Position Improvement: The company expects continued strengthening of its balance sheet and liquidity following the completion of strategic financing initiatives and operational optimization, which will provide robust financial support for future growth and enhance investor confidence.
- Market Reaction: Despite the optimistic outlook, Treasure Global's stock fell 3.8% in premarket trading, reflecting market concerns about its short-term performance, which may impact investor perceptions of the company's long-term growth potential.
- Management Change: Treasure Global has appointed former CEO Sam Teo as acting CEO, a move likely aimed at stabilizing leadership and ensuring continuity in strategic direction during the transition, further enhancing market trust.
See More
Treasure Global Offers Complimentary OXI Visa Cards to Shareholders
- Shareholder Benefit Program: Treasure Global announces an exclusive offer of 100 complimentary OXI Visa Cards to eligible TGL shareholders, celebrating the milestone of obtaining Canadian Money Services Business registration, aimed at enhancing shareholder awareness and engagement with the OXI ecosystem.
- Market Expansion Strategy: Following the Canadian MSB registration, the company plans to progressively expand OXI Wallet's capabilities to include cross-border payments, remittances, and stablecoin settlements, targeting the global cross-border payments market projected to reach $320 trillion by 2032.
- User Growth Potential: As of March 31, 2026, Treasure Global's ZCITY Super App has attracted 2.71 million registered users, highlighting its significant position in Malaysia's digital economy and establishing a user base for promoting OXI Wallet.
- Technology Innovation Drive: The OXI Card is designed to enable users to conveniently access and utilize their funds through established card payment infrastructure, supporting contactless payments and international merchant compatibility, further advancing the company's strategic positioning in the fintech sector.
See More
Treasure Global Secures Canadian MSB Registration for Oxi Wallet Expansion
- Regulatory Milestone: Treasure Global has successfully secured Canadian Money Services Business (MSB) registration, marking a significant regulatory milestone that accelerates the global expansion of its flagship digital financial platform, Oxi Wallet, and represents a critical step in building a trusted global digital financial ecosystem.
- Market Opportunity Expansion: According to Visa, the fiscal year 2025 saw 257.5 billion payment transactions and $14.2 trillion in payment volume, highlighting the vast scale of global digital payments infrastructure, which Treasure Global aims to leverage to expand its addressable opportunity in the global payments and digital asset infrastructure markets.
- Functionality Expansion Plans: Oxi Wallet is set to progressively enhance its capabilities to include cross-border payments, remittances, foreign exchange services, and stablecoin settlements, aiming to evolve into a comprehensive financial platform that connects traditional finance with the rapidly growing digital asset economy, thereby improving user experience and market competitiveness.
- Regional Market Focus: Following the MSB registration, Treasure Global will prioritize the commercialization of Oxi Wallet across Asia-Pacific markets, planning to integrate with regional payment systems such as QR networks, DuitNow, and PayNow to enable seamless interoperability between global and local payment ecosystems.
See More
Treasure Global Secures Exclusive Distribution Rights in GovTech
- Exclusive Distribution Agreement: Treasure Global's subsidiary Tadaa Technologies has secured exclusive rights from Nervesis to distribute and maintain the AI-powered ZYGY Social Listening Platform for Malaysia's government sector, accelerating the company's expansion into the GovTech market.
- Revenue Model Transformation: This agreement establishes a foundation for recurring revenue through software subscriptions and ongoing technical support, which is expected to significantly enhance the company's financial stability and long-term profitability.
- Strategic Expansion: The partnership marks a crucial step in Treasure Global's AI commercialization roadmap, further solidifying its position within Malaysia's rapidly growing GovTech ecosystem.
- Positive Market Reaction: Treasure Global's stock rose 2.3% in premarket trading, reflecting the market's positive response to the agreement and confidence in the company's future growth potential.
See More
Treasure Global Secures $15 Million AI Contract
- Contract Award: Treasure Global (TGL) announced securing a $15 million contract from Creative World Industries to develop an AI-integrated platform that can convert large volumes of online chats into data for marketing intelligence and customer experience decision-making, highlighting strong market demand for AI solutions.
- Revenue Forecast: Last week, the company issued preliminary expectations for fiscal 2026, forecasting revenue to more than double, while focusing on scaling its user and merchant base across the ZCITY super app in fiscal 2027, enhancing its competitive position.
- Technological Innovation: The new platform will leverage Nvidia's GPU infrastructure to process “millions of digital interactions” and produce outputs such as real-time sentiment analysis, trend detection, and behavioral insights, further solidifying TGL's position in a rapidly growing market.
- Leadership Change: Sam Teo returned to TGL as acting CEO in April, taking over from Carlson Thow, who became executive director, with Teo's return expected to bring renewed leadership aimed at expanding AI-driven solutions across multiple industries.
See More
Treasure Global Secures $15 Million AI Contract
- Significant Contract Value: Treasure Global has secured a $15 million contract with Malaysia's Creative World Industries, marking a pivotal shift towards high-value enterprise AI revenue streams, which is expected to significantly enhance its market competitiveness.
- Innovative Technology Application: The project aims to develop an enterprise-grade Social Listening AI System that leverages large language models and machine learning to process millions of multi-channel digital interactions in real-time, delivering actionable business intelligence to support brand and marketing management.
- Growing Market Demand: This collaboration highlights the accelerating global demand for AI systems capable of driving real-time decision intelligence across various sectors, including telecom, finance, healthcare, and public services, further solidifying Treasure Global's strategic position in the AI landscape.
- Future Growth Potential: Treasure Global anticipates that this project will unlock follow-on software deployments and licensing opportunities, create recurring service-based revenue streams, and provide a validated reference model to accelerate client acquisition in new global markets.
See More
Treasure Global Expects Over 100% Revenue Growth in FY2026
- Revenue Growth Expectation: Treasure Global anticipates over 100% year-over-year revenue growth for FY2026, driven by the ongoing expansion of its digital ecosystem and increasing merchant adoption across Southeast Asia, indicating strong performance in a rapidly growing market.
- Financial Position Improvement: The company expects continued strengthening of its balance sheet and liquidity following the completion of strategic financing initiatives and operational optimization, which will provide robust financial support for future growth and enhance investor confidence.
- Market Reaction: Despite the optimistic outlook, Treasure Global's stock fell 3.8% in premarket trading, reflecting market concerns about its short-term performance, which may impact investor perceptions of the company's long-term growth potential.
- Management Change: Treasure Global has appointed former CEO Sam Teo as acting CEO, a move likely aimed at stabilizing leadership and ensuring continuity in strategic direction during the transition, further enhancing market trust.
See More
