We reported last week that Hong Kong based retail FX broker KVB Kunlun (HKG:8077) had issued a profit warning for Q1, blaming an expected loss on reduced market volatility, a rampup in marketing expenses during Q1, and expenses related to the grant of share options to senior KVB employees. KVB at the time didn't give any specific numbers as to the size…
Read moreThe Hong Kong retail forex broker expects to report a Q1 loss -- lower volumes, higher marketing expenses. It seems as though becoming a public company doesn't necessarily solve all problems for retail forex brokers. Hong Kong based retail FX broker KVB Kunlun (HKG:8077), which went completed its IPO last July on the Hong Kong…
Read moreKVB Kunlun turns a profit of HK$33 million in 2013 compared with previous year's loss. Share price rises 3.7% on HKEX. Hong Kong-based FX broker KVB Kunlun has today released its full annual report for 2013, that income generated from leveraged FX during 2013 amounted to HK$135,543,000, representing a considerable 43% leap from the previous year's…
Read moreHong Kong retail forex broker KVB Kunlun looks to expand both its online and physical presence into mainland China. We had reported back in December that KVB Kunlun (HKG:8077) had announced plans to open an office in mainland China, in the southern city of Zhuhai. KVB has now announced that they have indeed received a…
Read moreFull KVB results due for release next week, but preliminary filing states that a loss in 2012 has turned into a profit for 2013 One of the Far East's prominent executing venues, the Hong Kong Exchange (HKeX) has today released internal information relating to publicly listed FX broker KVB Kunlun (HKG:8077) for the year ended December…
Read moreKVB shares (HKG:8077) are still trading below their July 2013 IPO price. Share price trades down, so.... let's give management more stock. LeapRate Exclusive.... Hong Kong based retail forex broker KVB Kunlun has made its first major grant of stock options to its senior employees since the KVB Kunlun IPO last summer. In total, KVB…
Read moreKVB shares remain below their July IPO price Hong Kong listed retail forex broker KVB Kunlun (HKG:8077) has announced that it has obtained permission from Chinese authorities to open an office in mainland China. The Zhuhai City Hengqin New District Management Committee and Executive Services Promotional Bureau have successfully approved the company’s application for setting…
Read moreShare prices rally 6.25% on dividend announcement Hong Kong listed medium sized brokerage KVB Kunlun (HKG:8077) has announced that during the third quarter of 2013 it has reported a marked decline in revenue numbers from last quarter. While being in line with the trend observed in the rest of the industry, the revenue numbers have declined a whopping 42% from…
Read morePreliminary unaudited review finds that the company is to report a net profit for the quarter that ended on September 30th Hong Kong listed medium sized brokerage KVB Kunlun (HKG:8077) has announced that during the first nine months of this year the company is faring better than last year and it will announce net profits for…
Read morePlus500 IPO offering oversubscribed, size increased by 50%, share to begin trading Wed July 24. CFD broker Plus500 has completed a successful IPO roadshow, and increased the planned size of its offering by 50%, from $50 million to $75 million, at a company valuation of $200 million. The company's shares will begin trading this coming…
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