Treasure Global Partners With VCI Global To Develop AI-Based Travel Platform
Portfolio Pulse from Shivani Kumaresan
Treasure Global Inc (TGL) and VCI Global Limited (VCIG) have entered into a collaboration agreement to develop an AI-powered travel platform for travelers in Malaysia. The platform will function as a portable concierge app, providing real-time travel recommendations. TGL will produce the software platform and provide maintenance, with VCIG paying a service fee of $1 million. The profits will be shared on a 50:50 basis. TGL shares are currently trading lower by 2.05%.
July 19, 2023 | 3:40 pm
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NEUTRAL IMPACT
TGL has entered into a profitable partnership with VCIG to develop an AI-powered travel platform. Despite this, TGL shares are trading lower.
The partnership with VCIG is a positive development for TGL, potentially bringing in significant revenue. However, the current drop in share price indicates market uncertainty.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
VCIG has partnered with TGL to develop an AI-powered travel platform, for which it will pay a service fee of $1 million.
The partnership with TGL is a strategic move for VCIG, potentially enhancing its service offerings. The impact on its stock price is uncertain at this point.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100