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 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 moreHow does Plus500's proposed IPO compare with existing forex industry public market valuations? LeapRate Exclusive.... The past two weeks have seen some extraordinary IPO activity in the retail forex industry. After more than two and a half years of quiet -- FXCM and Gain Capital (Forex.com) were the last two forex brokers to go public,…
Read moreKVB goes public in Hong Kong at a company valuation of HK$904 million (USD $117 million). LeapRate Exclusive... IPO fever seems to be gripping the CFD industry. LeapRate exclusively broke the story of CFD broker Plus500's IPO filing in London just two days ago. Now comes word that Hong Kong based forex broker KVB Kunlun…
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