AMTD's full-year profit up 37.1% on ongoing strategic development, global expansion

HONG KONG-headquartered AMTD International posted a 37.1 per cent year-on-year increase in net profit to HK$1.14 billion (S$194.3 million) and assets under management at over HK$26 billion for the financial year ended Dec 31, 2020, which is a "new height" in its operating history.

The financial institution had completed over 40 capital market transactions, with an aggregate amount financed of about US$12 billion. Some of its notable transactions in 2020 include the Hong Kong initial public offering (IPO) of China's largest food and beverage chain company, Yum China Holdings and Weihai City Commercial Bank's H share IPO.

AMTD had also successfully completed Dasin Retail Trust's Singapore private placement in 2020, which is AMTD's first equity capital market transaction on the Singapore Exchange.

In 2020, it successfully completed its secondary listing on the Singapore Exchange (SGX), becoming the first company in history to be dual-listed on both the SGX and the New York Stock Exchange (NYSE).

AMTD also established a US$1 billion medium-term notes programme which is dual-listed on both the Hong Kong Exchange and the SGX, followed by a successful dual-currency US dollar (USD) and Singapore dollar (SGD) perpetual bond issuance of US$237.7 million.

This marks the first exchange offer involving concurrent dual tranche USD and SGD perpetual securities issuance, the first Hong Kong financial institution issuing SGD perpetual securities as well as the first Hong Kong issuer issuing SGD fixed-for-life perpetual securities.

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In May 2020, AMTD entered into a long-term strategic partnership with the SGX to "promote the development of Singapore's capital markets and strengthen capital markets connectivity between Singapore, Asean, the Greater Bay Area, rest of China and the Middle East".

Chief executive officer of AMTD International William Fung said that despite a challenging operating environment and global economy due to the ongoing pandemic, AMTD International saw a strong set of results on a year-on-year basis.

"Year 2020 marked the second full financial year for AMTD International as a young and fast-rising NYSE and SGX dual-listed company," he said.

As at 11.32am, AMTD International's shares were trading flat at S$13.4.