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Screenshot of a breaking news alert e-mail from Q2 2017
Hong Kong retail forex broker KVB Kunlun (HKG:8077) saw its shares trade up by 10% on Friday to a near 52-week high of HK$0.46 – its highest closing price in more than a year and just shy of its all time high of HK$0.50.
KVB’s move up comes one (trading) day before the company reports its Q3 results, expected be released on Monday. KVB already gave us a glimpse into the direction of Q3 results, stating last week that its first-half loss of HK$5.8 million (or USD$750,000) would more than be erased by Q3’s profit.
Clearly, investors are expecting to be further surprised to the upside when the details of KVB’s Q3 are released.
KVB Kunlun share price chart, past 3 months. Source: Google Finance.
Stay tuned to LeapRate as we cover KVB’s actual results when they come out.