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1. Company Snapshot

1.a. Company Description

AMTD Digital Inc.designs and develops a digital platform to provide financial, media, content and marketing, and investment solutions.It offers digital banking and insurance technology platforms for consumers and small and medium-sized enterprises; and SpiderNet ecosystem, a platform to enhance their investor communication, investor relations, and corporate communication to enhance their valuation.


The company's platform monitors portfolio companies, such as tracking of business and technology development, competitive landscape, latest technological trends, and economic risks, and financial analysis.The company was incorporated in 2019 and is based in Central, Hong Kong.AMTD Digital Inc.


operates as a subsidiary of AMTD IDEA Group

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1.b. Last Insights on HKD

AMTD Digital Inc.'s recent performance was driven by a significant 1,085.9% increase in revenue for the six months ended April 30, 2025. The company's consolidation of The Generation Essentials Group (TGE) as a subsidiary since October 2024 contributed to this growth. Additionally, the launch of L'Officiel Hommes in Hong Kong SAR and L'OFFICIEL BAR in Omotesando, Japan, expanded the company's hospitality and VIP services. Furthermore, AMTD's film "Mother Bhumi" garnered multiple nominations at international film festivals, enhancing the company's presence in the entertainment industry.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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Qian Fenglei, Chairman of Hang Feng International Group, Donates HKD 12 Million to Support Emergency Relief for the Tai Po Wang Fuk Court Fire

Nov -28

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AMTD Digital's Subsidiary TGE Plans London Stock Exchange's Secondary Listing

Nov -24

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AMTD IDEA Group's Controlling Shareholders Enter into Two Years Voluntary Lock-up on Holdings

Nov -13

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TGE Pursues the Acquisition of the 100th Ritz Carlton Hotel Globally

Nov -10

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AMTD Digital Branches Out into AI-Healthcare Sector

Nov -04

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AMTD Digital Receives Confirmation of Extension of Previously Announced Lock-Up Undertakings from Key Stakeholders

Nov -04

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AMTD Digital subsidiary TGE's Hotels Portfolio Anticipated to Exceed 1,000 Rooms and double its Revenue

Nov -03

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TGE Confirms the Opening of the World's Second L'OFFICIEL COFFEE in Macau

Nov -03

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (24.63%)

6. Segments

SpiderNet Ecosystem Solutions

Expected Growth: 25.4%

The growth of SpiderNet Ecosystem Solutions is driven by increasing adoption of digital payments, rising demand for seamless transactions, and growing need for businesses to connect with consumers and merchants.

Digital Financial Services

Expected Growth: 15.4%

Growing demand for digital financial services, increasing adoption of mobile payments, and rising need for efficient financial management solutions drive the growth of Digital Financial Services from AMTD Digital Inc.

Corporate Segment

Expected Growth: 15.4%

The corporate segment's growth is driven by increasing demand for digital solutions, rising adoption of data analytics, and growing need for financial services among corporate clients.

7. Detailed Products

Airstar

Airstar is a digital banking platform that provides a range of financial services, including account opening, payment processing, and loan applications.

Airstream

Airstream is a digital wealth management platform that offers investment products, portfolio management, and financial planning tools.

Airstack

Airstack is a cloud-based infrastructure platform that provides scalable and secure infrastructure solutions for businesses.

Airstore

Airstore is an e-commerce platform that enables businesses to create online stores, manage inventory, and process payments.

Airticket

Airticket is a digital ticketing platform that enables event organizers to create, manage, and sell tickets for events.

8. AMTD Digital Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for AMTD Digital Inc. is medium, as there are some alternatives available in the market, but they are not very close substitutes.

Bargaining Power Of Customers

The bargaining power of customers for AMTD Digital Inc. is low, as the company has a strong brand presence and customers have limited bargaining power.

Bargaining Power Of Suppliers

The bargaining power of suppliers for AMTD Digital Inc. is medium, as the company has a diverse supplier base, but some suppliers have significant bargaining power.

Threat Of New Entrants

The threat of new entrants for AMTD Digital Inc. is high, as the industry is attractive and there are low barriers to entry.

Intensity Of Rivalry

The intensity of rivalry for AMTD Digital Inc. is high, as the industry is highly competitive and there are many players competing for market share.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 20.71%
Debt Cost 3.95%
Equity Weight 79.29%
Equity Cost 16.70%
WACC 14.06%
Leverage 26.12%

11. Quality Control: AMTD Digital Inc. passed 3 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Karooooo

A-Score: 6.8/10

Value: 2.7

Growth: 7.7

Quality: 9.0

Yield: 5.8

Momentum: 8.0

Volatility: 7.7

1-Year Total Return ->

Stock-Card
DoubleDown Interactive

A-Score: 5.8/10

Value: 8.0

Growth: 6.4

Quality: 8.9

Yield: 0.0

Momentum: 3.0

Volatility: 8.3

1-Year Total Return ->

Stock-Card
Agora

A-Score: 5.5/10

Value: 9.2

Growth: 3.4

Quality: 5.6

Yield: 0.0

Momentum: 8.5

Volatility: 6.0

1-Year Total Return ->

Stock-Card
Sage

A-Score: 5.2/10

Value: 0.9

Growth: 5.3

Quality: 7.1

Yield: 3.1

Momentum: 6.5

Volatility: 8.0

1-Year Total Return ->

Stock-Card
Bitdeer

A-Score: 4.2/10

Value: 6.0

Growth: 2.4

Quality: 3.5

Yield: 0.0

Momentum: 9.5

Volatility: 3.7

1-Year Total Return ->

Stock-Card
AMTD Digital

A-Score: 2.9/10

Value: 1.4

Growth: 3.4

Quality: 6.6

Yield: 0.0

Momentum: 3.0

Volatility: 3.0

1-Year Total Return ->

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

1.55$

Current Price

1.55$

Potential

-0.00%

Expected Cash-Flows