Following a strong comeback in the second half of 2017 which followed nearly two years of weak results, Hong Kong retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) has released its 1H-2018 financials indicating that activity slowed somewhat during the first six months of the year. Overall, Revenues at KVB Kunlun for the first six…
Read more
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…
Read more
Copenhagen based multi asset broker has continued its global expansion and, in particular, its growth in China and the Far East with a new partnership announced today with Valuable Capital Group, part of Chinese online media giant SINA Corp (NASDAQ:SINA). The new partnership comes just several days after Saxo Bank appointed a new China CEO, hiring…
Read more
Hong Kong retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) has released its third quarter financial report, with the company seeing record Revenues and significantly improved profitability so far in the second half of the year. In Q3, KVB Kunlun reported total Revenues of HK$181.5 million (USD $23 million), up 38% from Q2's HK$131.5 million.…
Read more
Hong Kong retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) has issued a statement indicating that its net earnings for Q3 will be significantly higher that Q2, and also as compared to the corresponding Q3 period last year. In response, KVB shares popped today in HKEX trading, up 16% to HK$ 0.74. KVB shares…
Read more
After experiencing a steady decline for the past 18 months, shares of Hong Kong based Retail FX broker KVB Kunlun Financial Group Ltd (HKG:8077) more than doubled in Thursday trading. KVB shares closed at HK$ 0.82 Thursday, after sitting at just HK$ 0.40 on Wednesday. The big move, up to a new 52-week high for…
Read more
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…
Read more
Hong Kong Forex retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) has announced that it has received a notice from the Tianjin Precious Metals Exchange Limited in China (TPME) to the effect that the TPME will adjust its precious metals spot trading business with a view to reduce the trading risks. As a result,…
Read more
Following our earlier report about the Q1 profit warning it issued, Hong Kong Forex retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) has followed up by releasing its full first quarter 2017 results, indicating a major slowdown in business and a large net loss. Overall, Revenues at KVB Kunlun came in at just HK$65.6 million…
Read more
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…
Read more