Tag: KVB

May 05, 2014 BY Gerald Segal

KVB Kunlun sees Revenues down 45% (!) in Q1, posts HK$7.1 million loss

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…

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April 17, 2014 BY Gerald Segal

Breaking forex news: KVB Kunlun issues Q1 profit warning

The 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…

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December 30, 2013 BY Gerald Segal

KVB Kunlun receives permission to open China office

KVB 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…

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November 11, 2013 BY Gerald Segal

Hong Kong forex broker KVB Kunlun announced Q3 results, revenue down 42% Q/Q

Share 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…

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July 10, 2013 BY Gerald Segal

Plus500 IPO valuation – vs. KVB Kunlun IPO and vs. comps

How 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,…

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July 04, 2013 BY Gerald Segal

Hong Kong forex broker KVB Kunlun completes IPO

KVB 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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