Hong Kong forex broker KVB Kunlun reports improved profitability in Q3

Hong Kong forex broker KVB Kunlun explained by professional Forex trading experts the “Hong Kong forex broker KVB Kunlun” FX trading team.

Hong Kong forex broker KVB Kunlun

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 the third quarter. The improvement is based on an increase in revenue from its online forex brokerage business and “other trading income”. While no further details are supplied, we are expecting the company to report earnings this Friday or early next week.

KVB Kunlun, and Cyprus-based forex broker Plus500, each broke a nearly three year drought of IPOs in the retail forex sector by each going public this past July – KVB on the HKEx and Plus500 on the LSE’s AIM. However the two companies have fared very differently as public companies. As we’ve previously reported, Plus500 has traded up about 45% since going public, while KVB stock has drifted down about 18% from its IPO price (see chart below).

Hong Kong forex broker KVB Kunlun Conclusion

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