Hong Kong retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) completed what was a very up and down year in 2017 by reporting that Q4 Revenues were down 25% from Q3, coming in at HK$136 million (USD $17.4 million). The company just about broke even on the bottom line, with Q4 Net Profit of…
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Further to our exclusive report from late January that Hong Kong based Retail FX broker KVB Kunlun Financial Group Ltd (HKG:6877) was about to announce a major fundraising, the company has made regulatory filings with the HKEX indicating that on February 12 (i.e., this past Monday) it closed on a HK$200 million (USD $26 million) investment, led by…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that Hong Kong based Retail FX broker KVB Kunlun Financial Group Ltd (HKG:6877) is set to announce the raising of a HK$200 million (USD $26 million) investment, to be led by Chinese insurance and investment giant Ping An Insurance (Grp) Co of China Ltd (SHA:601318). We expect the company…
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It looks like the Q2 results profit warning issued by Hong Kong based retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) was something of a head-fake. While required by Hong Kong Exchange rules since overall, the company's first half 2017 results were significantly down from first half 2016, KVB actually had a much-improved second…
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Hong Kong retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) has issued a statement warning investors that it expects to record a significant decrease in net profit for the first six months of 2017, as compared to the net profit recorded for the six months ended 30 June 2016. Profit warnings have become something of…
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Hong Kong Forex retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) has issued a statement warning investors that it expects to report a loss for the first quarter of 2017. Profit (or more accurately, loss) warnings have become something of a bad habit lately at KVB. For the company, controlled by China's CITIC Securities Company…
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Hong Kong Forex retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) reported its Q3 results, and they were not pretty. And the stock market responded in kind. After seeing its business shrink by 21% in Q2, KVB saw its revenues plummet another 20% in Q3 to HK$ 66.6 million (USD $8.6 million) - its…
Read moreLeapRate has learned that Hong Kong Forex retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) has issued a profit warning for its upcoming Q3 results announcement. In a formal statement issued with the Hong Kong Exchange HKEX, KVB Kunlun stated that based on a preliminary review by the Board of Directors of the Company…
Read moreShares of Hong Kong Forex retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) dropped more than 16% in value on Monday and Tuesday, following the company's release of its Q4 and full year 2015 financial results at the end of last week. While our initial report correctly indicated that KVB registered a 170% YoY jump in…
Read moreShare price of the Hong Kong Forex broker has kept falling over the past 6 months, in the face of robust financial metrics and today again dropped to levels last seen in November 2014.
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