Company overview

AMTD Digital owns hospitality and media businesses through subsidiaries and holds long-term investments. Investment returns contribute much of its overall income and depend on dividends and changes in the value of its holdings. Among services sold to customers, hospitality brings in the most revenue, followed by media and entertainment; digital solutions is a smaller business.

Guests pay for accommodation and hospitality services at properties including iclub AMTD Sheung Wan Hotel and Dao by Dorsett AMTD Singapore. The business depends heavily on these hotels attracting guests and on the outside managers who run them.

Its media business sells print and digital publications and helps advertisers, primarily luxury and fashion brands, reach audiences through advertising and marketing campaigns. It operates the L’Officiel AMTD composite brand and The Art Newspaper, earning from advertisers, readers and publication franchisees. Audience engagement and advertisers’ regard for the brands matter, and the business relies on trademarks and other rights licensed from AMTD Group Inc. It also participates in films through production partnerships and agreements that give it a share of movie profits.

Digital solutions provides paid investor-relations, corporate-communication and related services to institutional and corporate clients; related parties supply most of this line’s revenue. Its investment portfolio includes listed and private-company shares, over which it has limited control. U.S. investment-company rules constrain how it can expand its securities holdings, while a non-compete agreement restricts entry into businesses conducted by its controlling shareholder.