VCI Global CEO Increases Shareholding by 15.27%, Expresses Strong Confidence in Company’s Growth
VCI Global (NASDAQ: VCIG) announced that CEO Dato' Victor Hoo has significantly increased his shareholding by 15.27%, now controlling approximately 27.32% of the company's total outstanding shares. This move, along with the recent share buyback program and strong H1 2024 financial performance, underscores VCIG's growth trajectory and positive outlook.
The company reported impressive H1 2024 results, including a 44% year-over-year increase in revenue, 57% rise in gross profit, and 25% growth in net income. These results align with VCIG's full-year guidance of a 65% increase in revenue and 68% rise in gross profit for FY2024, with potential to exceed these targets if current trends continue.
VCI Global (NASDAQ: VCIG) ha annunciato che il CEO Dato' Victor Hoo ha significativamente aumentato la propria partecipazione azionaria del 15,27%, controllando ora circa il 27,32% delle azioni totali in circolazione dell'azienda. Questo movimento, insieme al recente programma di riacquisto di azioni e alle solide performance finanziarie del primo semestre 2024, evidenzia la traiettoria di crescita di VCIG e le sue prospettive positive.
L'azienda ha riportato risultati impressionanti per il primo semestre 2024, con un aumento del 44% dei ricavi rispetto all'anno precedente, un incremento del 57% del profitto lordo e una crescita del 25% dell'utile netto. Questi risultati sono in linea con le previsioni di VCIG per l'intero anno, che indicano un incremento del 65% dei ricavi e un aumento del 68% del profitto lordo per l'anno fiscale 2024, con potenziale per superare questi obiettivi se le tendenze attuali continuano.
VCI Global (NASDAQ: VCIG) anunció que el CEO Dato' Victor Hoo ha aumentado significativamente su participación accionaria en un 15,27%, controlando ahora aproximadamente el 27,32% de las acciones totales en circulación de la empresa. Este movimiento, junto con el reciente programa de recompra de acciones y el sólido desempeño financiero del primer semestre de 2024, subraya la trayectoria de crecimiento de VCIG y sus perspectivas positivas.
La compañía reportó resultados impresionantes para el primer semestre de 2024, incluyendo un aumento del 44% en ingresos en comparación con el año anterior, un incremento del 57% en el beneficio bruto, y un crecimiento del 25% en el ingreso neto. Estos resultados están alineados con la guía de VCIG para todo el año, que prevé un aumento del 65% en ingresos y un incremento del 68% en el beneficio bruto para el año fiscal 2024, con potencial para superar estos objetivos si las tendencias actuales continúan.
VCI 글로벌 (NASDAQ: VCIG)는 CEO 다토 빅터 후(Dato' Victor Hoo)가 자신의 주식을 15.27% 대폭 증가시켜 회사 총 발행 주식의 약 27.32%를 차지하게 되었다고 발표했습니다. 이 조치는 최근 주식 매입 프로그램과 2024년 상반기 실적이 강한 가운데, VCIG의 성장 궤적과 긍정적인 전망을 강조합니다.
회사는 2024년 상반기 결과로 44%의 연간 매출 증가, 57%의 총 매출 이익 상승, 25%의 순이익 성장을 포함한 인상적인 성과를 보고했습니다. 이러한 결과는 VCIG의 전체 연도 지침인 2024 회계연도 동안 매출 증가 65% 및 총 매출 이익 증가 68%와 일치하며, 현재의 추세가 지속된다면 이러한 목표를 초과할 가능성이 있습니다.
VCI Global (NASDAQ: VCIG) a annoncé que son PDG, Dato' Victor Hoo, a considérablement augmenté sa participation en actions de 15,27%, contrôlant maintenant environ 27,32% des actions totales en circulation de l'entreprise. Ce mouvement, associé au récent programme de rachat d'actions et à la solide performance financière du premier semestre 2024, souligne la trajectoire de croissance de VCIG et ses perspectives positives.
La société a rapporté des résultats impressionnants pour le premier semestre 2024, y compris une augmentation de 44% des revenus par rapport à l'année précédente, une hausse de 57% du bénéfice brut et une croissance de 25% du revenu net. Ces résultats sont conformes aux prévisions pour l'année entière de VCIG, qui anticipent une augmentation de 65% des revenus et une hausse de 68% du bénéfice brut pour l'exercice 2024, avec un potentiel de dépassement de ces objectifs si les tendances actuelles se poursuivent.
VCI Global (NASDAQ: VCIG) gab bekannt, dass CEO Dato' Victor Hoo seinen Aktienbesitz um 15,27% erheblich erhöht hat und nun ungefähr 27,32% der insgesamt ausstehenden Aktien des Unternehmens kontrolliert. Diese Maßnahme, zusammen mit dem kürzlichen Aktienrückkaufprogramm und der starken finanziellen Leistung im ersten Halbjahr 2024, unterstreicht den Wachstumskurs von VCIG und die positiven Aussichten.
Das Unternehmen berichtete von beeindruckenden Ergebnissen im ersten Halbjahr 2024, einschließlich eines Umsatzanstiegs von 44% im Vergleich zum Vorjahr, einem Anstieg des Bruttogewinns um 57% und einem Wachstum des Nettogewinns von 25%. Diese Ergebnisse entsprechen der Jahresprognose von VCIG, die ein Umsatzwachstum von 65% und einen Anstieg des Bruttogewinns um 68% für das Geschäftsjahr 2024 vorhersagt, mit dem Potenzial, diese Ziele zu übertreffen, wenn die aktuellen Trends anhalten.
- CEO increased shareholding by 15.27%, demonstrating strong confidence in the company
- 44% year-over-year increase in revenue for H1 2024
- 57% rise in gross profit for H1 2024
- 25% growth in net income for H1 2024
- Full-year guidance projects 65% increase in revenue and 68% rise in gross profit for FY2024
- Potential to exceed full-year guidance if current trends continue
- None.
Insights
The CEO's significant increase in shareholding by
The company's diversified portfolio spanning consulting, fintech, AI, robotics and cybersecurity positions it well in high-growth sectors. Yet, investors should be cautious about the rapid expansion and monitor how effectively VCIG manages this diverse range of businesses. The CEO's increased stake aligns his interests more closely with shareholders, which is generally positive, but also concentrates control.
The CEO's substantial increase in shareholding to
The share buyback program, combined with the CEO's increased stake, could be seen as a positive signal of undervaluation. However, it also reduces public float and liquidity. Investors should closely monitor the company's governance practices, board independence and minority shareholder protections. The rapid growth across diverse sectors also necessitates robust risk management and oversight structures to ensure sustainable expansion.
VCI Global's diverse portfolio in high-tech sectors like AI, robotics and cybersecurity positions it at the forefront of technological innovation. The strong financial performance, particularly the
Investors should pay attention to how VCIG differentiates itself in crowded fields like AI and fintech. The company's ability to innovate and commercialize technologies will be crucial. While the CEO's increased stake signals confidence, it's important to see continued investment in R&D and talent acquisition to maintain competitiveness. The company's performance relative to sector-specific benchmarks and its ability to capitalize on cross-sector opportunities will be key indicators of long-term success.
KUALA LUMPUR, Malaysia, Aug. 27, 2024 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (Frankfurt: H0T) (“VCI Global,” “VCIG,” or the “Company”) is pleased to announce that its Chief Executive Officer, Dato’ Victor Hoo, has significantly increased his shareholding in the Company. This move, along with the recent share buyback program announced on August 19, 2024, and the Company’s strong financial performance for the first half of 2024, highlights VCIG’s impressive growth trajectory and positive outlook.
Prior to the transaction, Dato’ Victor Hoo beneficially owned and controlled
The CEO’s investment, combined with the impressive financial results for the first half of 2024, reflects VCIG’s strong growth prospects and commitment to long-term success. The Company reported notable financial metrics, including a
“I am deeply committed to VCI Global and its vision for long-term growth. My increased investment is a clear endorsement of the Company’s direction and performance. Alongside our strong financial results and share buyback program, it reinforces my confidence in our continued success and our ability to deliver lasting value to shareholders,” said Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global.
About VCI Global Limited
VCI Global is a diversified holding company. Through its subsidiaries, it focuses on consulting, fintech, AI, robotics, and cybersecurity. Based in Kuala Lumpur, Malaysia, our main operations are centered in Asia, with significant visibility across Asia Pacific, the United States, Europe, and the Middle East. VCIG primarily offers consulting services in capital markets, real estate, AI, and technology. In technology businesses, the Company operates a proprietary financing platform that serves companies and individuals, as well as a secured messaging platform serving governments and organizations. We also invest, incubate, accelerate, and commercialize businesses and technologies in AI and robotics.
For more information on the Company, please log on to https://v-capital.co/.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company’s ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. These forward-looking statements are based only on our current beliefs, expectations, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control. Therefore, you should not rely on any of these forward-looking statements. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company’s ability to achieve profitable operations, customer acceptance of new products, the effects of the spread of coronavirus (COVID-19) and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company’s products and the Company’s customers’ economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company’s filings with the United States Securities and Exchange Commission (“SEC”). The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law.
CONTACT INFORMATION:
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enquiries@v-capital.co
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