AMTD Stock Declines Amid Earnings Report

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Oct 04, 2024

AMTD International (AMTD, Financial) experienced a significant stock fluctuation, with shares dropping 6.79%. The stock closed at $1.51, with a trading volume of 132,768 shares and a turnover rate of 0.17%. The price variation reached 6.05%.

According to recent earnings reports, AMTD reported revenues of $195 million and a net profit of $134 million, resulting in earnings per share of $2.22. The company's price-to-earnings ratio stands at 0.70. Currently, no institutional ratings such as "buy", "hold", or "sell" are available for AMTD.

Within the asset management sector, to which AMTD belongs, the overall decline was 0.12%. In contrast, stocks like Beneficient and Agba Group Holding Limited showed notable gains. Additionally, Beneficient, Destiny Tech100 Inc., and others remained active with high turnover rates.

AMTD Group is a financial institution offering services across five business segments, including capital markets solutions, digital solutions, media and entertainment, hospitality services, and strategic investments. These services range from equity and debt financing to digital financial solutions and VIP hospitality services.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.