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Financial Assets Measured at Fair Value Through Other Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 2024

Financial Assets Measured at Fair Value Through Other Comprehensive Income [Abstract]

Schedule of Financial Assets Measured at Fair Value Through Other Comprehensive Income

		December 31, 2023				June 30, 2024
		RM				RM				USD

At beginning of year			12,819,747				38,368,829				8,133,814
Addition			50,492,301				26,888,040				5,700,000
Disposal			(27,423,012	)			(14,548,082	)			(3,084,050	)
Fair value adjustment			2,378,581				(7,018,825	)			(1,487,922	)
Currency realignment			101,212				685,966				145,418
At end of year			38,368,829				44,375,928				9,407,260

		December 31, 2023				June 30, 2024
		RM				RM				USD
Listed equity security
- Treasure Global Inc.			36				13				3
- YY Group Holding Limited			-				2,449,441				519,257
			36				2,449,454				519,260

Unlisted equity securities
- Sagtec Global Limited			7,746,738				7,962,634				1,688,000
- YY Group Holding Limited			23,738,105				-				-
- GlobexUS Holdings Corp			6,883,950				7,075,800				1,500,000
- Fintech Scion Limited			-				26,888,040				5,700,000
			38,368,793				41,926,474				8,888,000
			38,368,829				44,375,928				9,407,260

Schedule of Fair Value Measurements Categorized within Level 2 of the Fair Value Hierarchy

The significant unobservable inputs used in the fair value measurements categorized within Level 3 of the fair value hierarchy, together with a quantitative sensitivity analysis as of June 30, 2024 are shown below:

Revenue growth rate		A decrease in revenue growth rate would result in a decrease in fair value.
Weighted Average Cost of Capital (“WACC”)		An increase in WACC would result in a decrease in fair value.
Price Earnings (“P/E”) Multiples		A decrease in P/E would result in decrease in the fair value.
Discount for lack of marketability (“DLOM”)		An increase in DLOM would result in a decrease in fair value.