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AMTD IDEA Group Class A
(SGX:HKB)
Select Model
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Rating:63Neutral
Price Target:
S$3.50
▼(-2.78% Downside)
Action:Reiterated
Date:08/08/26
The score is driven primarily by mixed financial performance (volatile revenues/earnings, compressed ROE, and weaker operating cash flow conversion in 2024–2025) partially offset by an apparently very low valuation based on P/E. Technicals are a drag, with the stock below longer-term moving averages and slightly negative MACD.
Positive Factors
Balance-sheet resilience
Moderate leverage and rising equity/assets since 2023 provide financial flexibility to underwrite deals, support working capital needs and absorb shocks. This durable balance-sheet strength helps sustain advisory operations and funding capacity over the next several quarters.
Negative Factors
Volatile revenue & compressed ROE
Persistently volatile top-line and a marked compression of ROE reduce predictability of returns and limit retained-earnings growth. Lower capital efficiency constrains reinvestment in business development and weakens the firm’s ability to scale advisory capabilities reliably.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet resilience
Moderate leverage and rising equity/assets since 2023 provide financial flexibility to underwrite deals, support working capital needs and absorb shocks. This durable balance-sheet strength helps sustain advisory operations and funding capacity over the next several quarters.
Read all positive factors
AMTD IDEA Group Class A (HKB) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$1.87B
Dividend YieldN/A
Average Volume (3M)3.00
Price to Earnings (P/E)0.2
Beta (1Y)<0.01
Revenue Growth3.61%
EPS Growth-11.98%
CountrySG
Employees166
SectorFinancial
Sector Strength70
IndustryInvestment - Banking & Investment Services
Share Statistics
EPS (TTM)0.79
Shares Outstanding254,923,520
10 Day Avg. Volume10
30 Day Avg. Volume3
Financial Highlights & Ratios
PEG Ratio-3.07
Price to Book (P/B)6.78
Price to Sales (P/S)206.04
P/FCF Ratio689.77
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
AMTD IDEA Group Class A Business Overview & Revenue Model
Company Description
AMTD IDEA Group functions as an investment holding company, primarily engaged in investment banking operations across various global regions, including Hong Kong, Mainland China, and the United States. The company structures its diverse business a...
How the Company Makes Money
AMTD IDEA Group primarily makes money by charging fees for financial services tied to client transactions and advisory engagements. Key revenue streams include: (1) Investment banking and capital markets fees: revenue earned from providing service...
AMTD IDEA Group Class A Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
74
Positive
Cash Flow
56
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 39.21M | 57.21M | 54.07M | 122.72M | 1.36B | 1.39B |
| Gross Profit | 24.45M | 24.92M | 24.45M | 187.10M | 1.06B | 761.82M |
| EBITDA | 75.49M | 91.47M | 75.49M | 168.52M | 1.40B | 1.34B |
| Net Income | 25.52M | 43.60M | 51.04M | 142.99M | 1.23B | 1.23B |
Balance Sheet | ||||||
| Total Assets | 2.07B | 2.30B | 2.07B | 1.49B | 8.27B | 6.69B |
| Cash, Cash Equivalents and Short-Term Investments | 87.86M | 59.40M | 87.86M | 120.23M | 1.08B | 526.26M |
| Total Debt | 283.49M | 292.42M | 283.49M | 96.55M | 20.58M | 125.74M |
| Total Liabilities | 369.89M | 385.38M | 369.89M | 193.02M | 454.49M | 898.05M |
| Stockholders Equity | 1.59B | 1.74B | 1.59B | 1.29B | 7.57B | 5.77B |
Cash Flow | ||||||
| Free Cash Flow | 5.15M | 17.09M | 5.15M | 39.91M | 209.13M | 434.80M |
| Operating Cash Flow | 5.16M | 17.84M | 5.16M | 39.98M | 209.15M | 434.80M |
| Investing Cash Flow | -45.34M | -174.97M | -45.34M | -266.97M | -576.43M | -46.01M |
| Financing Cash Flow | -17.34M | 145.47M | -17.34M | 209.35M | 917.89M | -873.00K |
AMTD IDEA Group Class A Risk Analysis
AMTD IDEA Group Class A disclosed 66 risk factors in its most recent earnings report. AMTD IDEA Group Class A reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 3 New Risks
1.
Our financial information prepared under U.S. GAAP may not be comparable to our financial information prepared under IFRS. Q4, 2023
2.
We may have exposure to greater than anticipated tax liabilities. Q4, 2023
3.
We face significant competition in all aspects of our business. Q4, 2023
AMTD IDEA Group Class A Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | S$10.39B | 13.54 | 14.59% | 3.18% | 26.59% | 95.12% | |
70 Outperform | S$68.88B | 10.53 | 9.73% | 3.82% | -10.35% | -19.23% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | S$4.07B | 13.19 | 13.21% | 2.99% | 36.18% | 40.76% | |
64 Neutral | S$1.12B | 11.38 | 3.09% | 3.63% | -27.48% | -21.92% | |
63 Neutral | S$1.87B | 0.20 | 2.47% | ― | 3.61% | -11.98% |
* Financial Sector Average
SG:HKB
AMTD IDEA Group Class A
3.38
-0.22
-6.11%
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AMTD IDEA Group Class A Corporate Events
AMTD Consolidates Global Hotel Portfolio Under New AMTD Hotels Group
Jul 7, 2026
AMTD’s hotel arm is being consolidated into a unified AMTD Hotels Group platform, bringing together AMTD‑branded properties in Hong Kong, Singapore, London, Kuala Lumpur and New York to form an independent global hotel network. The por...
AMTD boosts hospitality revenue outlook with US$207 million hotel acquisitions
Jun 26, 2026
AMTD announced that its hospitality arm has completed the acquisition of four hotels—The Ritz-Carlton in Perth, AMTD IDEA Tribeca Hotel in New York, AMTD Dao by Dorsett Hornsey in London, and AMTD IDEA KL Hotel in Kuala Lumpur—for a co...
L’OFFICIEL AMTD IDEA to Expand Chinese-Language Footprint with 2026 Taiwan and Singapore Launches
Jun 24, 2026
L’OFFICIEL AMTD IDEA, the fashion media brand under the AMTD ecosystem, will launch L’OFFICIEL Taiwan and a Chinese-language edition of L’OFFICIEL 时装 Singapore in 2026 as part of its ongoing international expansion....
AMTD Group and AMTD IDEA Pledge Two-Year Lock-Up of TGE Shares
Jun 22, 2026
AMTD Group and AMTD IDEA Group, co-founding shareholders of The Generation Essentials Group, have joined AMTD Digital in committing to a two-year voluntary lock-up of their TGE holdings, signaling strong confidence in the company’s long-term...
AMTD Founder Calvin Choi Reappointed President of Hong Kong Island Federation
Jun 16, 2026
Dr. Calvin Choi, founder of AMTD IDEA, has been re-elected and appointed as President of the Hong Kong Island Federation, a major grassroots organization that supports the Hong Kong SAR Government and coordinates social and community affairs on Ho...
AMTD Expands London Hospitality Footprint With Hornsey Hotel and Town Hall Deals
Jun 2, 2026
AMTD IDEA Group, part of the wider AMTD ecosystem spanning media, digital solutions and hospitality, is expanding its portfolio of premium assets through new acquisitions in London’s Crouch End. The company, which already operates branded ho...
AMTD IDEA to Acquire London Midtown Office Tower for US$17 Million
Jun 2, 2026
AMTD IDEA Group has agreed to acquire a Grade A office tower at 40 Furnival Street in London’s Midtown for about US$17 million, with the deal to be completed without external financing. The property, totaling roughly 9,646 square feet across...
AMTD Expands Global Hospitality Portfolio With 50% Acquisition of The Ritz-Carlton, Perth
May 29, 2026
AMTD, through its subsidiary The Generation Essentials Group, has completed the acquisition of a 50% stake in The Ritz-Carlton, Perth for US$72 million, implying a total property valuation of US$201 million. The luxury hotel, located on Perth̵...
AMTD Expands Global Hotel Portfolio with $38 Million Kuala Lumpur Acquisition
May 29, 2026
AMTD, through its subsidiary The Generation Essentials Group, has acquired a super majority interest in the Upper View Regalia Hotel in central Kuala Lumpur for US$38 million, adding a strategically located 129‑room asset with 80 parking bay...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.