Amtd Idea Stock Price, News & Analysis

AMTD IDEA Group (NYSE: AMTD; SGX: HKB) announces the successful recruitment of a professional team in Singapore and Malaysia for its media subsidiary, now called L’Officiel Singapore Pte. Ltd. The company has received permits from the Singapore Registrar of Newspapers to publish L’Officiel Singapore Magazine and L’Officiel Hommes Magazine, marking a significant milestone in its global integration strategy. The Chairman, Dr. Feridun Hamdullahpur, emphasized the commitment to creating a world-class platform in media, art, culture, and entertainment, while Aileen Soh, the new Managing Director, is set to oversee operations in Southeast Asia.

Dr. Calvin Choi, chairman of AMTD Group and founder of AMTD IDEA Group (NYSE: AMTD; SGX: HKB) and AMTD Digital Inc. (NYSE: HKD), has been appointed to the inaugural editorial board of FinanceAsia for 2023. This prestigious role will enable him to influence content coverage in the capital markets sector. FinanceAsia, founded in 1996, is an influential publication focused on equity, debt, and M&A developments across Asia. Dr. Choi expressed his honor in joining the board, aiming to contribute to the publication's success. AMTD Group is expanding its media platform, including partnerships with L’Officiel and Forkast Labs, enhancing its global digital media presence.

Dr. Calvin Choi, Chairman of AMTD Group, was awarded the 'Knight - Order of Arts and Letters' in Hong Kong for his significant contributions to cultural exchange between China and France. The award was presented by Christile Drulhe, the French Consul General. Dr. Choi's efforts include promoting Chinese arts globally and acquiring L’Officiel Group, enhancing cultural integration in Hong Kong. Additionally, Dr. Feridun Hamdullahpur, Chairman of AMTD IDEA Group, was recognized as a member of the Order of Canada for his contributions to academia. Both honors reflect AMTD's commitment to bridging cultures and promoting arts.

AMTD Digital Inc. (NYSE: HKD) announced a significant financial turnaround for the six months ending October 31, 2022. Profit surged by 131.8% to HK$83.7 million (US$10.7 million), while total comprehensive income rose by 134.8% to HK$83.3 million (US$10.6 million). Revenue also increased to HK$109.3 million (US$13.9 million), driven by growth in digital financial services and solutions. The company boasts a strong cash position of US$138.7 million and successfully integrated AMTD Assets Group, enhancing its portfolio with properties valued at approximately US$500 million. Despite global challenges, the management remains optimistic about future growth in the digital media and entertainment sectors.

L’OFFICIEL Inc. SAS, a subsidiary of AMTD IDEA Group (NYSE: AMTD), is relaunching its Singapore and Malaysia editions under a direct owner’s model, enhancing local content and global brand consistency. This strategic move follows AMTD’s acquisition of L’OFFICIEL in April 2022, aiming to strengthen its position in the APAC region. The new editions will feature a ten-issue annual structure and will expand influence across ASEAN markets through various events and titles. The relaunch is scheduled for March 2023, led by a newly appointed local management team helmed by Aileen Soh.

AMTD IDEA Group and AMTD Digital announced the successful closure of a transaction involving AMTD Assets Group. AMTD Assets, valued at approximately US$500 million, is a global portfolio of premium properties and represents the "A" in AMTD's "IDEA" strategy. Following the transaction, AMTD Digital now holds 100% equity in AMTD Assets, and AMTD IDEA Group's ownership in AMTD Digital has increased to 85.8%.

This consolidation enhances AMTD Digital's capabilities as a comprehensive digital solutions platform in Asia.

AMTD IDEA Group (NYSE: AMTD) and AMTD Digital Inc. (NYSE: HKD) have announced a long-term partnership with The Sandbox to create a cultural and fashion hub within the metaverse. This initiative will launch the AMTD L’Officiel LAND in March 2023, offering a new immersive gaming experience for The Sandbox players. The collaboration aims to redefine digital fashion and culture, while enhancing the global fashion community's engagement in Web3. The announcement was made during the World Economic Forum in Davos, where the first AMTD L’Officiel experience was showcased.

AMTD IDEA Group (NYSE: AMTD; SGX: HKB) has announced a long-term partnership with The Sandbox to create a cultural and fashion hub in the metaverse. This partnership will feature the launch of AMTD L’Officiel LAND in March 2023, offering an immersive gaming experience for users. The aim is to build a vibrant community around fashion and culture through this digital platform. AMTD Group's Chairman Calvin Choi expressed excitement about the partnership, highlighting the ambition to redefine digital experiences. This venture marks a significant step for AMTD in establishing a presence in Web3 and enhancing global engagement in the digital fashion sector.

AMTD Group's sub-company, L’Officiel Inc. SAS, unveiled its new lifestyle project, L’Officiel Coffee, at the World Economic Forum in Davos. This initiative aims to combine gastronomy with art, culture, and entertainment, enhancing customer experiences. Set to launch gradually in major cities worldwide in 2023, L’Officiel Coffee represents an extension of L’Officiel magazines, facilitating community engagement and VIP experiences. According to Dr. Calvin Choi, this aligns with their IDEA strategy focused on hospitality. The Davos outlet operates from January 16-20, 2023, serving as a venue for relaxation and networking.