$AMTD IDEA Group (AMTD.US)$It is a Hong Kong company listed ...
$AMTD IDEA Group (AMTD.US)$It is a Hong Kong company listed in 2019, with a current P/E ratio of 1.4, a P/B ratio of 0.43, and an asset-liability ratio of only 5.5%, which seems very irrational.
However, after looking at the balance sheet, it becomes clear that accounts receivable reached HKD 3.38 billion (a special item under current assets on Snowball), and annual revenue is only over a billion. Even with such a financial report, it can be audited without qualification. SEC's protection for investors is almost non-existent.
Currently, the outstanding shares just exceeded one-fourth of the total shares, and the market cap is only 0.3 billion. It is an excellent target for stock price manipulation and has no investment value at all.
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