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AMTD (HKD) the new GameStop (GME)

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  1. #1

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    AMTD (HKD) the new GameStop (GME)

    What could go wrong... And this time it is a HK based company..

    The $300 billion meme stock that makes GameStop look like child's play

    https://www.cnbc.com/2022/08/03/the-...ndroidappshare

    aw451 likes this.

  2. #2

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    Looking for a "speculative safe haven" now that there's not so much confidence in the crypto markets?


  3. #3

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    Worth a read... Generation moonshot: why young investors are not ready to give up on risk - https://on.ft.com/3PyFpjK via @FT

    traineeinvestor likes this.

  4. #4

    Would love to be on that mailing list. But maybe a good time to short that stock.


  5. #5

    Since we can't go to the casinos, horse racing is so old school and crypto has been exposed, I guess they need something new to throw money away on.


  6. #6

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    shri, AsianXpat0 and timonoj like this.

  7. #7

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    Spotted in The Standard...

    The clarification came after shares of AMTD Digital soared 940 percent to US$742 (HK$5,787) in two weeks of being listed in New York, with media reporting that the company was backed by Hong Kong’s richest man Li Ka-shing.

    According to a statement issued by Cheung Kong, it noted that the group sold most of its shares in AMTD Group - the parent company of AMTD Digital - nearly 10 years ago.
    https://www.thestandard.com.hk/break...tion/2/193087/

  8. #8

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    Found the older article ..

    Priced at US$7.8 per share for its initial public offering, the fintech firm's market capitalization has jumped to US$137.4 billion exceeding that of the London-based lender HSBC (0005).

    Its parent AMTD group, founded by CK Asset (1113) and Hutchison Whampoa in 2003, operates businesses including investment banking, asset management, insurance and new economy investment.
    https://www.thestandard.com.hk/secti...tion/2/244247/

  9. #9

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    The eye-popping gains have heightened scrutiny of Calvin Choi Chi-kin, AMTD Group's chairman, chief executive officer and major shareholder who joined in 2016 after spending five years at UBS.

    Choi, a Hong Kong native and Canadian citizen who studied accounting at the University of Waterloo, is the sole owner of a vehicle that controls 32.5 percent of AMTD Group.

    AMTD Group owns 50.6 percent of boutique investment bank AMTD Idea Group, which in turn owns 88.7 percent of AMTD Digital.

    Earlier this year, Hong Kong regulators banned Choi from the securities industry for two years for failing to disclose conflicts of interest in transactions he worked on while at UBS. He is appealing the decision.

    China Minsheng Investment, an AMTD Group investor that installed Choi as CEO, turned against him and at one point placed banners in Hong Kong's central district denouncing him.
    https://www.thestandard.com.hk/secti...ion/11/244359/