Business
AMTD Digital Stock Soars 45% After Earnings Report
Hong Kong, China – AMTD Digital (HKD) saw its stock price increase significantly by 45% on Friday, following the release of its earnings report for the first half of Fiscal 2025. The company reported revenue of $73.2 million, marking a staggering 1,085.9% increase from $6.2 million during the same period last year.
AMTD Digital attributed this massive revenue increase to various factors. The firm earned $10 million in advertising and marketing services related to fashion, arts, and luxury media, compared to $4.4 million in the same period last year. Additionally, income from hotel operations and VIP services rose by 172.4% year-over-year to $13.6 million. The company’s report also noted a $47.9 million gain from fair value changes on financial assets.
Xavier Zee, Chief Financial Officer of AMTD Digital, expressed confidence in the company’s future, stating, “Our team’s dedication and innovative approach have driven exceptional results. We look forward to expanding our presence globally and developing IP-related businesses.”
Despite the impressive earnings report, AMTD Digital remains down 15.2% year-to-date and has decreased by 45.48% over the past year. The trading volume hit over 3.6 million shares on the day, which is dramatically higher than the three-month daily average of about 434,000 shares.
Analyst coverage of AMTD Digital is minimal, with market sentiment indicating a consensus of Strong Sell. Both technical and moving average analyses also suggest a Sell position. Investors are urged to consider these indicators when evaluating their positions, despite the company’s recent remarkable revenue growth.
