AMTD: ‘Asia’s GameStop’ pits Superman against super-meme

Financial Times LogoFinancial Times1w ago

AMTD: ‘Asia’s GameStop’ pits Superman against super-meme

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Shares in the Asian fintech company rose 14,000 per cent from its listing last month to their peak this week.

At an industry average multiple, that would give it an enterprise value of just over $40mn. The group’s ties to Hong Kong expose it to regulatory scrutiny.

But its market value is now six times that of CK Hutchison, the flagship company of Li’s CK Group, which posted $57bn in sales last year.

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Article Details

Category: MarketsFinanceInvesting

Topics: Shares Amtd Financial Services Company Sites Kong Group Digital Value Hong

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-08-05, 12:15:21

News Timezone: GMT -5:00

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Language: English

Reading Time: 3 minutes read

Article Length: 469 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 114750

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