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The latest update is out from AMTD IDEA Group ( (AMTD) ).
AMTD IDEA Group announced its unaudited financial results for the first half of 2024, highlighting strategic advancements through restructuring and divestment of non-core operations. The company’s revenue for the period was $35.9 million, showcasing growth in media and entertainment, and hotel operations, despite an overall decline due to divestment gains from the previous year. The restructuring positions AMTD IDEA for future growth, as evidenced by significant increases in their fashion, arts, and luxury media advertising services, and hospitality income. These developments, alongside successful investments in the media sector, signal strong potential for sustainable growth.
More about AMTD IDEA Group
AMTD IDEA Group is an investment holding platform with dual listings on the NYSE and SGX-ST, focusing on digital solutions, media, entertainment, cultural connectors, global premium assets, hospitality, and VIP services.
YTD Price Performance: -36.67%
Average Trading Volume: 54,509
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.05B
See more insights into AMTD stock on TipRanks’ Stock Analysis page.
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