Hong Kong's Value Convergence H1 revenue falls on lower brokerage commission

Value Convergence Holdings

31/08/2026 11:22

Overview
Hong Kong financial services group's H1 2026 revenue fell 20% to HK$25.6 mln
Company's net loss after tax narrowed to HK$43.1 mln from HK$49.3 mln last year
Revenue decline mainly due to lower brokerage commission and insurance brokerage income

Outlook
Company says it is adopting a prudent approach in its financing business amid challenging macro conditions
Value Convergence will be highly selective in approving new loans until economic conditions improve

Result Drivers
BROKERAGE COMMISSION DROP - Co said brokerage commission and related fees fell 42% as average daily trading turnover declined by about 25%
MONEY LENDING CAUTION - Interest income from money lending clients fell 16% as co adopted a more cautious approach and did not grant new loans amid economic uncertainty
SHARE-BASED PAYMENT EXPENSE - One-off share-based payment expense for options granted in Jan 2026 contributed to period loss

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
HK$25.60 mln
 

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Aug 31 - Hong Kong July retail sales rise 4.5%, supported by economic expansion, tourism

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Press Release s3://eap-prd-eu-west-1-source-content/eap_feed_proxy/fingerpost/HKSW/2026-08-31/799101ba-fb0d-476d-ad79-676940a960a8.file
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)