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Agmo is the official partner for MyDigital ID from MIMOS. So, Zetrix's collapse will be transparent for MyDigital ID as Agmo can steps in anytime. As for blockchain initiatives for the country, AGMO has been the project manager for Zetrix's blockchain. The 5% stakes in Zetrix was received by AGMO as consideration for the services that AGMO has provided to Zetrix. This itself can be a positive and negative factors - positive as in AGMO can continue with the blockchain initiatives for the country if needed. Negative as though 5% was not paid in cash but it is captured in non-current assets/other investments ~200k. The worst case will be the 200k will be impaired/p&l hit from the impairment. As for positive impacts, it has to be reflected in the revenue - signs of growth.
the impact of growth in recurring revenue will be beyond one qtr. I may not get the lowest price for not buying now but I will be able to ride it along the way. that's just my own plans. Have faith in your own plans too.
Cheng, Just a friendly reminder before getting too excited about AGMO's digital/AI replacing Zetrix story: Q1FY27 revenue increased 8% YoY to RM8.63m, but PAT attributable to shareholders fell 26% to RM0.56m. Revenue up, profit down. 😂 That's usually when I start looking at margins instead of headlines. Faith and Fact are two different things. No pun intended.
