AMTD International Inc. (HKIB) is a leading super-connector of companies and investors from the global capital markets. The company is engaged in three sectors including asset management, investment banking, and strategic investment. The comprehensive financial portfolio of the company addresses the diverse financial needs of the clients.
The price of HKIB stock during the early trading on January 21, 2022, was last checked to be $5.42 with a momentous rise of 15.32%.
HKIB: Events and Happenings
On January 20, 2022, HKIB reported about holding an extraordinary general meeting of its stockholders on March 1, 2022. The main agenda of the meeting is a name change from AMTD International Inc. to AMTD IDEA Group after approval by voting. The Company also reported changing the ticker symbol from AMTD with effect from January 31, 2022.
On January 20, 2022, HKIB reported that its subsidiary had entered into a definitive contract for the acquisition of 100% of the equity interest in L’Officiel Inc. L’Officiel is a leading fashion media holding brand.
HKIB: Chairman Comments
Speaking at the occasion, HKIB Chairman Dr. Calvin Choi said that both the companies enabled connectivity and positioning as a major influencer in the global fashion. He further added that the purchase is the perfect catalyst for L’Officiel to lead the approval of Web technologies.
HKIB: Key Financials
On December 30, 2021, HKIB reported its financial results for the six months ended June 30, 2021. Some key points are as follows.
Revenue
Revenue for H1 2021 was HK$723.3 million compared to the same period of 2020 when it was HK$533.6 million. An increase of 35.6% was observed over the year.
Assets
Total current assets for H1 2021 were recorded to be HK$8632 million.
On October 27, 2021, HKIB reported about the completion of partial voluntary early reacquisition of the SG Tranche Perpetual Securities worth $11,188,000, representing 22.38% of the total sum of the original issuance.
Conclusion
HKIB stock dipped by 1.99 % from the last six months period due to economic restrictions put by the pandemic. The current early market increase in stock price is the outcome of the company’s proposal of name and ticker change. The analysts believe that the company should design solid strategies with a futuristic approach to attract huge investment in the company.
