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AMTD IDEA Group Class A ( (SG:HKB) ) just unveiled an update.
The Generation Essentials Group (TGE), a subsidiary of AMTD Digital and listed in both New York and London, reported a strong 2025 marked by rapid expansion in its hospitality operations following its June de‑SPAC business combination with Black Spade Acquisition II Co and subsequent NYSE listing. The company executed three sale and purchase agreements to acquire hotels in strategically important cities in New York, Australia and Malaysia, which on a pro forma basis lifted total assets by 24.6% to about US$1.6 billion and net assets by 29.8% to roughly US$1.1 billion over six months, underscoring its growing scale in global hospitality pending completion of the deals under customary closing conditions and signaling a strengthening of its asset base and competitive position within AMTD’s broader premium assets and hospitality ecosystem.
The most recent analyst rating on (SG:HKB) stock is a Hold with a S$3.50 price target. To see the full list of analyst forecasts on AMTD IDEA Group Class A stock, see the SG:HKB Stock Forecast page.
More about AMTD IDEA Group Class A
AMTD Group is a conglomerate whose core business portfolio spans media and entertainment, education and training, and premium assets and hospitality. Its subsidiary AMTD IDEA Group is a diversified institution and digital solutions provider that connects companies and investors with global markets through a comprehensive one-stop business services and digital solutions platform, positioning itself as a key connector between clients, partners, investees and investors, particularly between Eastern and Western markets.
Technical Sentiment Signal: Strong Sell
Current Market Cap: S$1.44B
For an in-depth examination of HKB stock, go to TipRanks’ Overview page.