Treasure Global Inc., a technology company listed on the NASDAQ, has announced plans to develop and launch an advanced artificial intelligent (AI) cloud infrastructure in Malaysia. This new platform is expected to support AI models up to one trillion parameters, establishing it as one of the most powerful AI computing environments in Southeast Asia.

This report highlights the movement of 12 communication services stocks in the after-market session on Friday. Harte-Hanks (HHS) stock rose 17.8% to $5.5, and the market value of their outstanding shares stands at $40.4 million. Treasure Global (TGL) stock increased by 16.62% to $0.09, with the market value of their outstanding shares at $4.8 million. Mega Matrix (MPU) stock went up by 7.93% to $0.68, and the company's market cap is at $27.6 million. IZEA Worldwide (IZEA) shares increased by 6.16% to $2.24, with the market value of their outstanding shares at $38.0 million.

Treasure Global Inc. has announced its decision to withdraw its S-1 Registration Statement from the SEC due to the present market conditions and in order to protect shareholder value. The company is now concentrating on refining its business strategy and looking for alternative funding options to sustain its long-term growth.

On February 11, 2025, VWXYZ Venture Sdn. Bhd., a subsidiary of Treasure Global Inc, entered into a Share Purchase Agreement with Amystic Commerce Sdn. Bhd. As per the agreement, VWXYZ will acquire 51% of the ordinary shares in Tien Ming Distribution Sdn Bhd, a subsidiary of Amystic Commerce, for a purchase price of RM5,100.00. This acquisition is a part of VWXYZ's commitment to invest up to RM3,000,000.00 in Tien Ming Distribution. The investment will support the operations and obligations of Tien Ming Distribution to provide warehousing and fulfilment delivery services for FN Beverages Marketing Sdn Bhd.

1) Brief Summary: The company has performed poorly in the recent past with a significant decrease in the performance metrics. The sales have declined by 95.52% year on year and the return on equity (ROE) is negative at -37.33%. The company's performance in the last month and quarter has also been negative with a decrease of -50.12% and -64.46% respectively. Moreover, the average volume is significantly higher than the recent volume, indicating a potential lack of interest from investors. The company has a very small market capitalization and high insider ownership, suggesting it might be a closely held corporation. However, the company has shown a significant increase in sales over the past 5 years, indicating potential for growth if it can overcome its current challenges. 2) MARKET_SCORE: 20

: Given the negative performance and financial metrics, there is a 20% likelihood of an upward move in the short term. 3) PRICE_TARGET: $0.12

: Considering the current market conditions and the performance of the company, a realistic price target would be a 50% increase from the current price of $0.08, which would be $0.12. 4) AI_RPT_HEADLINE: "Company Struggles Amid Sales Decline, Potential for Turnaround Remains"

-> X2 <- More SEC filings (10-K, 10-Q, 8-K) Financials, risk disclosures, and business changes

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