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

1.26

Mkt cap

Volume

27K

High

1.31

P/E Ratio

0.55

52-wk high

2.43

Low

1.21

Div yield

N/A

52-wk low

1.16

AMTD IDEA Group (NYSE:AMTD) and AMTD Digital Inc. (NYSE:HKD) announced that they have received commitments from relevant parties, including AMTD Group and their executive officers, not to sell any equity securities they own in AMTD IDEA and AMTD Digital in the open market for three years. Dr. Calvin Choi, through his holding company Infinity Power Investments Limited, has committed not to sell any of his holdings for five years. The companies are committed to their 'IDEA' strategy and are confident in their core values and long-term sustainability.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 12:46 pm

AMTD Group, AMTD IDEA Group, and AMTD Digital have announced a long-term strategic alliance with L'Officiel and ENVISEAM. The alliance aims to deliver world-class content across various platforms and reshape economic paradigms with culture and deep intellectual property. The partnership has already resulted in ENVISEAM successfully anchoring its Pre-Series A funding round, led by L'OFFICIEL.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 2:22 pm

AMTD IDEA Group has announced an increase to its existing share repurchase program by $20 million, bringing the total to $40 million. The company may repurchase its American depositary shares or ordinary shares until December 29, 2023.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 1:34 pm

On Tuesday, 164 companies hit new 52-week lows. Notable companies include NextEra Energy, SenesTech, WeWork, and Tarena International. The largest move was seen by WeWork, with shares plummeting 3189.55% to hit a new 52-week low. Tarena International's shares had the biggest turnaround, rebounding 0.0% after reaching a new 52-week low.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 5:34 pm

The article lists five financial stocks that are currently oversold, presenting a potential buying opportunity. These include Finance Of America Companies Inc. (FOA), AMTD IDEA Group (AMTD), Green Dot Corporation (GDOT), Marpai, Inc. (MRAI), and AGBA Group Holding Limited (AGBA). All these companies have an RSI value below 30, indicating they are oversold. The companies have recently posted their quarterly results, with some showing losses and others reporting better-than-expected results.

Portfolio Pulse from Lisa Levin

September 05, 2023 | 12:31 pm

AMTD Idea Group (NYSE:AMTD) has announced a $100 million investment into AMTD Digital Inc. (NYSE:HKD) through the purchase of Class B ordinary shares. The shares will be locked up for a period of 5 years, demonstrating AMTD Idea Group's long-term commitment to AMTD Digital's development. The boards of both companies have approved the transaction.

Portfolio Pulse from Happy Mohamed

August 28, 2023 | 1:00 pm

AMTD World Media and Entertainment Group, along with L'Officiel Inc. SAS, announced the successful registration of the magazine 'L'OFFICIEL HONG KONG SAR' with the Hong Kong Government's Office For Film, Newspaper and Article Administration. This comes a year after AMTD's global acquisition of L'Officiel Inc. SAS, during which it secured governmental permits or completed acquisitions in South East Asia and the Greater Bay Area.

Portfolio Pulse from Happy Mohamed

August 25, 2023 | 12:32 pm

Five stocks drew significant investor attention due to various reasons. AMTD Digital surged by 27.40% due to strong quarterly results. Vinfast Auto Group experienced a growth of 108.87% due to positive market sentiment. Novavax rose by 13.51% after announcing that its updated COVID-19 vaccine generated neutralizing antibody responses to certain subvariants. Dick’s Sporting Goods declined by -24.15% as its earnings missed expectations. Tesla edged up by 0.83% amid industry developments and the departure of a key engineer.

Portfolio Pulse from Benzinga Neuro

August 23, 2023 | 1:37 am

AMTD IDEA Group (NYSE:AMTD) has announced a new share repurchase program, authorizing the repurchase of up to $20 million of its American depositary shares or ordinary shares until December 29, 2023. The repurchases will be funded from the company's existing cash balance.

Portfolio Pulse from Happy Mohamed

August 22, 2023 | 1:39 pm

AMTD Group, AMTD IDEA Group and AMTD Digital Inc. have jointly announced the successful acquisition of the franchisee operating the L'Officiel's Philippines business, which includes both digital and social platforms.

Portfolio Pulse from Happy Mohamed

August 17, 2023 | 1:21 pm

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