Streetbeat News

VCIG

VCI Global Limited

Industry

Consulting Services

VCI Global Limited provides consulting services in Malaysia, China, Singapore, and the United States. It offers business strategy consultancy, including listing solutions, corporate finance, legal, investors relations, and boardroom strategies consultancy. The company also technology consultancy, including software solutions that comprise artificial intelligence, analytics, and robotics, as well as a range of blockchain technology solutions. It delivers its services to small-medium enterprises and government-linked agencies, as well as to publicly traded conglomerates across various industries. The company was founded in 2013 and is based in Kuala Lumpur, Malaysia.

Open

2.18

Mkt cap

7.6M

Volume

237K

High

2.45

P/E Ratio

0.28

52-wk high

179.83

Low

2.01

Div yield

N/A

52-wk low

2.01

VCI Global Limited (NASDAQ:VCIG) has acquired two AI gamification platforms, ENGAGE and Interact, from a UK-based developer, aiming to tap into the growing mobile advertising market projected to reach $400 billion by 2024. These platforms, which have shown significant user engagement and brand partnerships during trials, are expected to open new monetization channels for VCIG in brand marketing globally. The acquisition aligns with VCIG's strategy to expand its technology venture portfolio and anticipates future Nasdaq listings for these platforms.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 12:02 pm

W Capital Markets has partnered with VCI Global to provide comprehensive capital markets strategy services aimed at listing clients on the NASDAQ. This collaboration is expected to leverage the strengths of both firms to facilitate the listing process for their clients, potentially increasing the number of companies listed on the NASDAQ.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 5:16 am

In Thursday's intraday session, several industrials stocks experienced significant movements. Notably, Swvl Holdings, Complete Solaria, Laser Photonics, Clean Energy Technologies, Exela Technologies, and Lavoro saw their stocks rise by 26.8%, 22.41%, 20.97%, 20.1%, 19.5%, and 19.09% respectively. Conversely, Spire Global, Zoomcar Holdings, ShiftPixy, Steelcase, VCI Global, and Primech Holdings faced declines in their stock prices.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 5:31 pm

In Monday's after-market session, several industrials stocks experienced significant movements. AERWINS Technologies, Astra Space, VCI Global, Advent Technologies Holdings, Velo3D, and Staffing 360 Solutions were among the gainers, with increases ranging from 4.53% to 8.1%. Conversely, Greenwave Tech Solutions, Caravelle Intl Gr, Primech Holdings, Complete Solaria, ShiftPixy, and Baiyu Holdings saw declines between 4.99% and 26.3%.

Portfolio Pulse from Benzinga Insights

March 18, 2024 | 9:33 pm

In Monday's pre-market session, several industrials stocks showed significant movement. Solidion Technology led the gainers with a 98.3% increase, while Pineapple Energy experienced the largest drop among the losers, falling 9.1%. Notably, EHang Holdings and Science Applications Intl released their Q4 earnings, influencing their stock prices.

Portfolio Pulse from Benzinga Insights

March 18, 2024 | 1:05 pm

VCI Global has successfully completed its transaction with Cogia GmbH, resulting in the acquisition of Socializer Messenger. This strategic move is aimed at enhancing VCI Global's offerings and expanding its market presence.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 1:03 pm

VCI Global Limited (NASDAQ:VCIG) announced its strategic expansion by opening offices in New York and London and setting up an AI R&D Center in Frankfurt. This move aims to accelerate revenue growth and advance AI innovations. The New York and London offices will be led by Marco Baccanello, a Corporate Finance and Private Equity executive with experience in technology sector transactions. The Frankfurt AI R&D Center will be headed by Pascal Lauria, a veteran in AI and machine learning, aiming to nurture potential unicorn businesses.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 1:19 pm

In Wednesday's pre-market session, several industrials stocks showed significant movement. Li-Cycle Holdings, ShiftPixy, Expion360, VCI Global, Full Truck Alliance Co, and TTEC Holdings were among the gainers, with Li-Cycle Holdings leading with a 36.3% increase. On the downside, voxeljet, noco-noco, ZIM Integrated Shipping, Roma Green Finance, Energy Vault Holdings, and Solidion Technology experienced declines, with voxeljet dropping the most at 35.6%. Notably, Full Truck Alliance Co, ZIM Integrated Shipping, and Energy Vault Holdings had recent earnings reports influencing their stock movements.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 1:06 pm

VCI Global Limited (NASDAQ:VCIG) has partnered with UK-based Wootzano Limited to become the exclusive distributor of Avarai robotic packing systems in Malaysia, aiming to deploy 10,000 robots by 2030. This partnership is expected to revolutionize Malaysia's post-harvest supply chain by providing advanced food-handling robots, primarily targeting the agricultural and distribution sectors. VCI Global has committed to minimum purchases starting in 2024 to support this initiative. Additionally, VCIG recently closed a public offering of 2.20 million ordinary shares, raising $2.75 million.

Portfolio Pulse from Nabaparna Bhattacharya

February 21, 2024 | 3:08 pm

In Wednesday's pre-market session, several industrials stocks showed significant movement. VCI Global, Energy Focus, and Intuitive Machines were among the top gainers, with increases of 83.0%, 43.41%, and 28.29% respectively. On the losing side, Vertiv Holdings, Staffing 360 Solutions, and Roma Green Finance saw declines of 11.3%, 10.37%, and 7.86%. Notably, Vertiv Holdings and Alight released their Q4 earnings today, while Enovix did so yesterday.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 1:06 pm

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