Streetbeat News

AMTD

AMTD IDEA Group

https://www.amtdinc.com

Industry

Asset Management

AMTD IDEA Group, an investment holding company, engages in investment banking activities in Hong Kong, Mainland China, the United States, and internationally. The company operates through three segments: Investment Banking, Asset Management, and Strategic Investment. It offers a range of investment banking services, including equity underwriting, debt underwriting, securities brokerage, institutional sales and distribution, and research, as well as advisory services on credit rating, financing, and mergers and acquisitions transactions. The company also provides professional investment management and advisory services primarily to corporate and other institutional clients. In addition, it makes long-term strategic investments focusing on Asia's financial and new economy sectors. The company was formerly known as AMTD International Inc. AMTD IDEA Group was incorporated in 2019 and is based in Central, Hong Kong. AMTD IDEA Group operates as a subsidiary of AMTD Group Company Limited.

Open

1.11

Mkt cap

1.1B

Volume

66K

High

1.22

P/E Ratio

0.53

52-wk high

2.04

Low

1.10

Div yield

N/A

52-wk low

1.10

AMTD Group Inc. has announced a new leadership structure involving a rotating CEO system and a completely independent, non-executive board for its operating companies, including AMTD IDEA Group (AMTD) and AMTD Digital Inc. (HKD). This innovative approach aims to foster diverse leadership, shared values, and long-term sustainability by rotating CEOs every six months to leverage collective wisdom and nurture future leaders.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 9:07 pm

AMTD IDEA Group has announced a $20M share repurchase program, signaling confidence in the company's future prospects and potentially increasing shareholder value by reducing the number of shares outstanding.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 2:17 pm

AMTD's film 'The Goldfinger' is set for a global release tomorrow. This could potentially increase visibility and revenue for AMTD, impacting its stock positively in the short term.

Portfolio Pulse from Bill Haddad

December 29, 2023 | 2:17 pm

AMTD IDEA Group (NYSE:AMTD) reported a 47.4% increase in net assets to $1.5B and an 8.6% rise in total revenue to $128M for the first half of 2023. The company, which operates in financial services, digital media, entertainment, and hospitality, showed resilience despite global economic challenges. Revenue growth was driven by acquisitions, including L'Officiel and AMTD Assets. The company also announced the migration of its headquarters to Paris, France, and the establishment of AMTD World Media and Entertainment Group. Additionally, AMTD IDEA secured new share subscriptions at a premium and entered into agreements for asset disposals and restructuring.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 2:31 pm

AMTD IDEA Group (NYSE: AMTD) reported a positive profit estimate for the first half of 2023, with total revenue expected to increase by over 6% year over year to more than $125 million. Revenue from digital media, entertainment, and other solution services is estimated to be at least 2.5 times higher than the previous year, exceeding $23 million, following the successful acquisition of L'Officiel Inc. SAS. The company anticipates profits to exceed $105 million. However, these figures are preliminary and subject to change upon finalization of financial results.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 2:02 pm

AMTD IDEA Group (NYSE:AMTD) has announced a change in the ratio of its American depositary shares (ADSs) to its Class A ordinary shares from 1:2 to 1:6, effective on November 17, 2023. This change will have the same effect as a one-for-three reverse ADS split. No fractional new ADSs will be issued, and the change will not impact the company's underlying Class A ordinary shares.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:46 pm

The article lists five financial stocks that are currently oversold and could present investment opportunities. These include AMTD IDEA Group (NYSE:AMTD), Great Ajax Corp. (NYSE:AJX), Beneficient (NASDAQ:BENF), BOK Financial Corporation (NASDAQ:BOKF), and Siebert Financial Corp. (NASDAQ:SIEB). The companies have recently announced various financial updates, including share repurchase programs, earnings reports, and loan financing.

Portfolio Pulse from Lisa Levin

November 02, 2023 | 12:50 pm

AMTD IDEA Group (NYSE:AMTD) has announced an extension of its existing share repurchase program until the end of Q1 2024. The board of directors has also approved to set forth and earmark 70% of the program's total approved amount for October and November 2023.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 1:31 pm

AMTD IDEA Group (NYSE:AMTD) has announced an extension of its existing share repurchase program until the end of Q1 2024. The program was previously announced on August 22, 2023, and updated on September 22, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 1:41 pm

AMTD Idea Group has announced that AMTD Group and the executive officers of AMTD IDEA and AMTD Digital will not sell any equity securities. Additionally, the Chairman of AMTD Group has confirmed that he will not sell any of his holdings in the open market for the next 5 years.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 12:54 pm

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