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VCI Global Limited
(NASDAQ:VCIG)
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Rating:47Neutral
Price Target:
$0.30
▼(-42.16% Downside)
Action:Reiterated
Date:07/28/26
The score is held down primarily by weak and volatile financial results in the latest annual period (losses and negative free cash flow) and a clearly bearish technical setup with high volatility. These negatives are partially offset by a positive earnings-call outlook emphasizing strong technology-driven growth and new initiatives, while valuation appears optically cheap but is difficult to rely on given profitability instability.
Positive Factors
Technology segment structural growth
The technology line shifted from niche to core, rising to $9.3m from $1.7m H1 2024. This structural re-weighting diversifies revenue away from cyclical advisory work toward higher-growth, serviceable tech offerings (GPU/cloud, AI infrastructure) that can deliver repeatable project and platform revenue over multiple years.
Negative Factors
Earnings and cash-flow volatility
A sudden 15% revenue decline and swing to a large net loss signal fragile earnings quality. Such volatility undermines predictability for investment and hiring, stresses margins during downturns, and raises the odds that goodwill, equity cushions or previously strong cash flows may erode if recovery underperforms, harming durability.
Read all positive and negative factors
Positive Factors
Negative Factors
Technology segment structural growth
The technology line shifted from niche to core, rising to $9.3m from $1.7m H1 2024. This structural re-weighting diversifies revenue away from cyclical advisory work toward higher-growth, serviceable tech offerings (GPU/cloud, AI infrastructure) that can deliver repeatable project and platform revenue over multiple years.
Read all positive factors
VCI Global Limited (VCIG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.93M
Dividend YieldN/A
Average Volume (3M)514.06K
Price to Earnings (P/E)―
Beta (1Y)3.98
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees58
SectorIndustrials
Sector Strength72
IndustryConsulting Services
Share Statistics
EPS (TTM)387.76
Shares Outstanding9,284,913
10 Day Avg. Volume902,987
30 Day Avg. Volume514,058
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)<0.01
Price to Sales (P/S)0.00132
P/FCF Ratio>-0.01
Enterprise Value/Market Cap-11.07
Enterprise Value/Revenue-0.26
Enterprise Value/Gross Profit-0.48
Enterprise Value/Ebitda-0.88
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
VCI Global Limited Business Overview & Revenue Model
Company Description
VCI Global Limited provides comprehensive consulting expertise across Malaysia, China, Singapore, and the United States. The firm's strategic business advisory services span public listing solutions, corporate finance, legal guidance, investor rel...
How the Company Makes Money
VCI Global Limited primarily makes money by charging fees for professional services delivered to corporate clients. Key revenue streams generally include: (1) Consulting and advisory fees earned from engagements such as business strategy work, cor...
VCI Global Limited Earnings Call Summary
Earnings Call Date:Oct 06, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Oct 07, 2026
Earnings Call Sentiment Positive
The earnings call reflected strong growth in the technology segment and overall revenue, with significant strategic initiatives like the launch of GPU services and plans for an IPO. However, there was some moderation in consultancy revenue and a decrease in other services revenue. The highlights significantly outweigh the lowlights, indicating a positive outlook.Positive Updates
Technology Segment Growth
Technology segment revenue increased significantly to USD 9.3 million in the first half of 2025, up from USD 1.7 million a year ago, marking a structural shift in the business.
Negative Updates
Moderation in Consultancy Revenue
Consultancy revenue moderated year-over-year after a strong 2024, indicating a return to more typical activity levels.
Read all updates
Q2-2025 Updates
Positive
Negative
Technology Segment Growth
Technology segment revenue increased significantly to USD 9.3 million in the first half of 2025, up from USD 1.7 million a year ago, marking a structural shift in the business.
Read all positive updates
Company Guidance
During VCI Global's first half of 2025 earnings call, the company reported a 37% year-on-year revenue increase to USD 18.7 million, driven primarily by the technology segment, which grew from USD 1.7 million to USD 9.3 million. The consultancy arm remained stable, contributing USD 8.1 million, maintaining a balanced business model. Their EBITDA reached USD 5.2 million, supported by strategic investments in AI, cybersecurity, and fintech, while net profit after tax stood at USD 4.66 million with a net margin of 35%. The company plans to launch a GPU Lounge and GPU cloud platform, aiming to expand into GPU as a service. Looking ahead, they are focused on execution and scaling their AI infrastructure and cybersecurity offerings, with a planned IPO for their capital market advisory arm set for the first quarter of 2026. The call highlighted strategic capital allocation, aiming for commercial traction and revenue visibility within 12 to 24 months, while maintaining a disciplined approach to investment and risk management.VCI Global Limited Financial Statement Overview
Summary
Income Statement
33
Negative
Balance Sheet
74
Positive
Cash Flow
46
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 124.39M | 105.81M | 124.39M | 90.80M | 35.57M | 47.48M |
| Gross Profit | 67.71M | 78.41M | 102.27M | 75.41M | 27.91M | 37.17M |
| EBITDA | 36.74M | -111.58M | 36.94M | 33.43M | 14.24M | 27.22M |
| Net Income | 35.20M | -122.73M | 35.20M | 35.67M | 21.59M | 20.34M |
Balance Sheet | ||||||
| Total Assets | 409.31M | 474.16M | 409.31M | 118.05M | 41.82M | 44.11M |
| Cash, Cash Equivalents and Short-Term Investments | 36.21M | 3.82M | 36.21M | 4.64M | 4.00M | 3.12M |
| Total Debt | 1.35M | 14.91M | 1.35M | 2.18M | 1.84M | 1.21M |
| Total Liabilities | 23.42M | 83.93M | 23.42M | 25.08M | 17.55M | 24.75M |
| Stockholders Equity | 385.90M | 390.24M | 385.90M | 97.06M | 25.92M | 19.73M |
Cash Flow | ||||||
| Free Cash Flow | 98.14M | -17.26M | 87.90M | 3.18M | -3.01M | 27.61M |
| Operating Cash Flow | 99.60M | 10.62M | 99.60M | 5.28M | -1.34M | 27.72M |
| Investing Cash Flow | -217.46M | -295.96M | -217.46M | -18.24M | 1.13M | -7.56M |
| Financing Cash Flow | 154.36M | 268.45M | 154.36M | 13.60M | 1.09M | -16.59M |
VCI Global Limited Technical Analysis
Negative
0.51
Price Trends
3.18
Negative
2.20
Negative
26.15
Negative
Market Momentum
-0.68
Negative
26.81
Positive
7.14
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VCIG, the sentiment is Negative. The current price of 0.51 is below the 20-day moving average (MA) of 0.81, below the 50-day MA of 3.18, and below the 200-day MA of 26.15, indicating a bearish trend. The MACD of -0.68 indicates Negative momentum. The RSI at 26.81 is Positive, neither overbought nor oversold. The STOCH value of 7.14 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for VCIG.
VCI Global Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
57 Neutral | $242.25M | 119.17 | 4.33% | ― | -6.14% | -78.29% | |
53 Neutral | $223.24M | -5.13 | -30.97% | ― | -7.54% | 52.04% | |
52 Neutral | $35.87M | 13.37 | -89.26% | ― | -0.26% | ― | |
48 Neutral | $150.52M | -3.63 | -21.44% | 7.43% | -18.02% | 79.32% | |
47 Neutral | $2.93M | ― | -31.63% | ― | ― | ― |
* Industrials Sector Average
VCIG
VCI Global Limited
0.30
-1,584.06
-99.98%
FORR
Forrester Research
11.99
1.83
18.01%
FC
Franklin Covey Company
21.42
2.37
12.44%
RGP
Resources Connection
4.20
-0.16
-3.56%
GRNQ
Greenpro Capital
10.00
-6.25
-38.46%
AERT
Aeries Technology
6.95
0.53
8.19%
VCI Global Limited Corporate Events
VCI Global Announces Resignation of Independent Director Zoe Yong Effective August 1, 2026
Aug 3, 2026
On July 30, 2026, VCI Global Limited’s board received the resignation of independent director Ms. Zoe Yong Goon Wey, effective August 1, 2026. The company stated that her departure was due to personal reasons and not the result of any disput...
VCI Global Reaches Court-Approved Warrant Settlement with Esousa Group
Jun 26, 2026
On June 23, 2026, the Circuit Court for Miami-Dade County, Florida, approved a settlement between VCI Global Limited and Esousa Group Holdings, LLC, resolving litigation over alleged breaches of reporting and registration obligations tied to warra...
VCI Global Completes Exercise of 818,258 Pre-Funded Warrants
Jun 3, 2026
On June 3, 2026, VCI Global Limited completed the exercise of 818,258 pre-funded warrants into ordinary shares at a nominal exercise price of $0.0001 per share. The warrants, originally issued in November 2025 to an accredited investor, were conve...
VCI Global’s V Gallant Moves for Majority Stake in Indonesian Carbon Credit Platform to Bolster AI and RWA Strategy
Jun 2, 2026
On June 2, 2026, VCI Global’s technology and infrastructure arm V Gallant signed a definitive agreement to acquire a 70% controlling stake in PT Fine Carbon Credit Indonesia, a carbon asset platform tied to about 241,000 hectares of forestry...
VCI Global Announces Resignation of Executive Director Liew Soo Hua
May 28, 2026
On May 26, 2026, VCI Global Limited reported that board member Ms. Liew Soo Hua tendered her resignation as an executive director, effective the same day. The company stated that her departure did not arise from any disagreement over its operation...
VCI Global CEO Injects $1.77 Million via Insider Share Subscriptions in May 2026
May 27, 2026
VCI Global Limited disclosed that it executed two private equity subscription agreements with its chairman and chief executive officer, Victor Hoo, on May 20 and May 26, 2026. In these insider-led financings, Hoo purchased a total of 1,854,135 ord...
VCI Global Faces Nasdaq Non-Compliance Notice and Switches Auditor After Delayed 20-F
May 22, 2026
VCI Global Limited disclosed that on May 19, 2026 it received a Nasdaq notice for non-compliance with listing rules after failing to file its Form 20-F for the year ended December 31, 2025 on time. The company, which had previously filed a late-fi...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.