Hong Kong Forex retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) has issued a statement warning investors that its full year 2016 results will show a significant decrease in net profit by over 50%, as compared to 2015. KVB already issued a profit warning for the third quarter of 2016, which saw a 20%…
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Retail Forex broker One Financial Markets has announced another step in its global expansion, receiving Securities and Futures Commission (SFC) regulatory status in Hong Kong. One Financial Markets has been granted permission to establish a new flagship office in Hong Kong, which will service all clients based in China and the South-East Asia region. Ashley Clarke,…
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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 $8.6 million) - its…
Read moreHong Kong Forex retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) had its slowest quarter in a year and a half, reporting that Q2 revenues were down 21% from Q1, leading to a 61% QoQ drop in profits. KVB brought in revenues of HK$ 83.8 million (USD $10.9 million) in Q2, its lowest quarterly…
Read moreHong Kong financial regulator the Securities and Futures Commission (SFC) has issued a warning regarding two websites operating as clones of regulated broker South China Forex Limited and its affiliated companies South China Capital Limited, South China Research Limited, South China Securities Limited and South China Commodities Limited, all of which are SFC-licensed corporations. The near-identical sites - nhjr999.com…
Read moreHong Kong based retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) reported a very large rise in revenues and profits (and virtually every other measure) for the second quarter of 2015, confirming our earlier exclusive report that KVB would see very nice results in Q2. The raw numbers - Revenues at KVB rose to an…
Read moreIt appears, at least for the time being, that CITIC is content with staying at a 59% holding in KVB
Read moreKVB last traded on January 29 at HK$1.41 per share, well above the HK$0.65 offer CITIC intends to make to public shareholders.
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