AMTD IDEA Group Class A (SG:HKB)
SGX:HKB
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AMTD IDEA Group Class A
(SGX:HKB)
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Rating:55Neutral
Price Target:
S$3.50
▼(-2.78% Downside)
Action:ReiteratedDate:05/07/26
The score is primarily driven by mixed financial performance—solid balance sheet but volatile revenues/earnings, compressed ROE, and weak operating cash-flow conversion. Technicals are bearish with price below key moving averages and a negative MACD. Valuation further constrains the score due to a high P/E and no dividend yield data.
Positive Factors
Balance-sheet resilience
The company shows moderate leverage and expanding equity and assets since 2023, which supports resilience across market cycles. A stronger capital base improves underwriting and investment capacity, giving durable financial flexibility for underwriting, hires, or ecosystem investments over months.
Negative Factors
Revenue volatility
Material revenue swings across recent years undermine predictability of fee income and planning. Persistent volatility reduces visibility on sustainable top-line growth, complicates resource allocation and makes multi-quarter forecasting and consistent margin expansion more difficult.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet resilience
The company shows moderate leverage and expanding equity and assets since 2023, which supports resilience across market cycles. A stronger capital base improves underwriting and investment capacity, giving durable financial flexibility for underwriting, hires, or ecosystem investments over months.
Read all positive factors
AMTD IDEA Group Class A (HKB) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$1.93B
Dividend YieldN/A
Average Volume (3M)0.00
Price to Earnings (P/E)34.7
Beta (1Y)0.39
Revenue Growth3.61%
EPS Growth-11.98%
CountrySG
Employees214
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)0.70
Shares Outstanding254,923,520
10 Day Avg. Volume0
30 Day Avg. Volume0
Financial Highlights & Ratios
PEG Ratio-0.39
Price to Book (P/B)0.87
Price to Sales (P/S)26.47
P/FCF Ratio88.61
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, an investment holding company, provides capital market solutions in China, Hong Kong, Europe, the United States, and internationally. The company operates through Capital Market Solutions, Digital Solutions and Other Services, Med...
How the Company Makes Money
AMTD IDEA Group primarily makes money through fee-based financial services and, to the extent applicable, income associated with managing assets and operating platform-related services. Key revenue streams generally include: (1) Investment banking...
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 | 54.07M | 57.21M | 54.07M | 122.72M | 22.42M | 177.64M |
| Gross Profit | 24.45M | 24.92M | 24.45M | 157.25M | 21.51M | 177.47M |
| EBITDA | 28.86M | 91.47M | 75.49M | 168.52M | 155.74M | 172.90M |
| Net Income | 51.04M | 43.60M | 51.04M | 142.99M | 18.23M | 157.22M |
Balance Sheet | ||||||
| Total Assets | 2.07B | 2.30B | 2.07B | 1.49B | 1.06B | 857.67M |
| Cash, Cash Equivalents and Short-Term Investments | 87.86M | 59.40M | 87.86M | 120.23M | 138.16M | 67.49M |
| Total Debt | 283.49M | 292.42M | 283.49M | 96.55M | 457.24K | 16.13M |
| Total Liabilities | 369.89M | 385.38M | 369.89M | 193.02M | 58.25M | 115.17M |
| Stockholders Equity | 1.59B | 1.74B | 1.59B | 1.29B | 969.74M | 740.50M |
Cash Flow | ||||||
| Free Cash Flow | 5.15M | 17.09M | 5.15M | 39.91M | 26.80M | 55.76M |
| Operating Cash Flow | 5.16M | 17.84M | 5.16M | 39.98M | 26.80M | 55.76M |
| Investing Cash Flow | -45.34M | -174.97M | -45.34M | -266.97M | -73.88M | -46.00M |
| Financing Cash Flow | -17.34M | 145.47M | -17.34M | 209.35M | 117.52M | -854.11K |
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$7.95B | 6.07 | 11.35% | 3.10% | 11.36% | 72.38% | |
72 Outperform | S$4.21B | ― | 7.18% | 4.63% | 9.92% | 3.40% | |
71 Outperform | S$1.14B | 4.82 | 2.98% | 4.87% | -23.60% | -39.83% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | S$60.53B | 4.02 | 9.22% | 6.49% | -9.13% | -21.93% | |
55 Neutral | S$1.93B | 34.73 | 2.65% | ― | 3.61% | -11.98% |
* Financial Sector Average
SG:HKB
AMTD IDEA Group Class A
3.49
-0.11
-3.06%
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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.