Amtd Idea Stock Price, News & Analysis

AMTD IDEA Group (NYSE: AMTD; SGX: HKB) has successfully established a new team in Singapore and Malaysia to strengthen its media presence. The company announced that the Singapore Registrar of Newspapers has granted permission to publish 'LA REVUE DES MONTRES,' marking a key milestone in expanding L’Officiel's brand in Asia. This development aligns with growing demand for premium watches in the region. Dr. Calvin Choi, Global Chairman, highlighted the opportunity to connect watchmakers and collectors. Benjamin Eymère, CEO, emphasized the magazine's credibility in the watch industry over its 30-year history. AMTD Digital Inc. (NYSE: HKD) is positioned to leverage its ecosystem for growth in Southeast Asia and Greater China, reinforcing its media and entertainment capabilities.

AMTD IDEA Group (NYSE: AMTD), a dual-listed company in Hong Kong and New York, announced its audited financial results for the fiscal year ending December 31, 2022. The company reported a core revenue increase of 22.74% and a net profit margin rise from 69.0% to approximately 91.6%. Finance costs were reduced by over 75.7% since 2019, and net assets grew by 35% to HK$7.8 billion. The Debt to Equity ratio decreased to 2.1% in 2022, showcasing enhanced operational efficiency. Significant developments post-year-end include the successful injection of AMTD Assets valued at approximately US$500 million and a US$93.6 million capital raise through share subscriptions. The management expressed optimism for future growth amid global economic recovery.

AMTD IDEA Group (NYSE: AMTD; SGX: HKB) has successfully entered into share subscription agreements with selected investors, raising US$93.6 million by issuing 90,000,000 Class A ordinary shares at a 21.07% premium over the previous closing price. This investment is seen as a sign of confidence from investors in the company's future prospects.

The agreement is subject to customary closing conditions. AMTD IDEA Group, a premier financial institution and digital solutions group in Asia, connects companies and investors across multiple markets, including China and Hong Kong.

L'Officiel Inc. SAS, a subsidiary of AMTD IDEA Group (NYSE: AMTD), has been granted a publication permit in Malaysia for its subsidiary, L'Officiel Malaysia Sdn. Bhd. This approval follows the relaunch of its Singapore edition and marks a significant step in expanding its presence in Southeast Asia. Dr. Feridun Hamdullahpur, Chairman of AMTD IDEA Group, expressed confidence in the magazine's appeal to local readers, while Managing Director Aileen Soh emphasized commitment to producing engaging content. This initiative aligns with AMTD's strategy to enhance media and cultural offerings in the region.