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…
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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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LeapRate Exclusive... 2016 was not a good year for shareholders of publicly traded Forex and CFD brokers. LeapRate analysis (see table below) has calculated that more than $2.4 billion was erased from the market value of online trading brokerages during 2016. On average each brokerage lost more than one-third, or 37%, of its market cap…
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In a week which will surely be remembered among all traders as Trump Week, Forex Industry News at LeapRate was appropriately dominated by government and regulator related actions - a theme which we expect to continue in the coming weeks. And you read about it first (or exclusively) at LeapRate. LeapRate broke the news of…
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Hong Kong Forex retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) reported its Q3 results, and they were not pretty. And the stock market responded in kind. After seeing its business shrink by 21% in Q2, KVB saw its revenues plummet another 20% in Q3 to HK$ 66.6 million (USD $8.6 million) - its…
Read moreLeapRate has learned that Hong Kong Forex retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) has issued a profit warning for its upcoming Q3 results announcement. In a formal statement issued with the Hong Kong Exchange HKEX, KVB Kunlun stated that based on a preliminary review by the Board of Directors of the Company…
Read moreHong Kong Forex retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) had its slowest quarter in a year and a half, reporting that Q2 revenues were down 21% from Q1, leading to a 61% QoQ drop in profits. KVB brought in revenues of HK$ 83.8 million (USD $10.9 million) in Q2, its lowest quarterly…
Read moreShares in Hong Kong FX broker KVB Kunlun Financial Group Ltd (HKG:8077) opened higher today after the company published a positive profit alert for the first quarter of 2016. The board of directors of the company has reviewed the unaudited management accounts for the three months ended March 31, 2016 and, based on the review,…
Read moreAfter signing a three-year software license agreement with Banclogix in December last year, Hong Kong Forex broker KVB Kunlun Financial Group Ltd (HKG:8077) today announces an expansion of the partnership via a new deal - New Information Technology Services Agreement. The term of the new deal is from April 19, 2016 to December 31, 2018, both…
Read moreHong Kong Forex broker KVB Kunlun Financial Group Ltd (HKG:8077) has just released its financial metrics for the year to December 31, 2015, with favourable trading conditions helping the company see a steep rise in revenues and profits in the period. The numbers were barely surprising after the broker issued a positive profit alert in February.…
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