Value Convergence Holdings Limited

Value Convergence Holdings Limited

HHKEX:821
0.39
HKD
-0.01
(-3.70%)
89.05MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.64
1.75
1.53
1.44
- -
0.48
0.18
0.07
0.58
-0.38
-0.2
0.09
0.19
- -
Basic EPS, GAAP
-0.88
-0.18
-0.21
-0.83
-0.83
-4.34
-0.67
-0.21
0.07
-0.75
-1.06
-0.46
-0.24
- -
Free Cash Flow per Basic Share
-1.22
0.85
-0.57
-2.39
-1.65
-1.02
-0.35
-1.74
-0.31
-0.29
-0.1
-0.03
0.18
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
10.74
10.53
10.19
9.28
8.32
7.42
5.61
4.33
3.92
3.16
1.83
1.37
1.09
1.37
Tangible Book Value per Share
10.71
10.51
10.17
9.26
8.3
7.41
5.59
4.31
3.9
3.15
1.78
1.33
1.05
1.33
Basic Weighted Avg Shares
46
47
59
69
81
112
140
153
213
237
272
281
262
281
Sales/Revenue/Turnover
76
83
90
99
- -
53
26
10
123
-89
-53
25
49
- -
Operating Margin (%)
-30.98
-13.63
-12.92
-38.25
- -
-177.7
-239.01
-712.69
34.98
193.5
289.34
-178.65
-48.74
- -
Depreciation Expense
1
2
2
2
2
2
9
10
10
8
8
8
5
- -
Net Income, GAAP
-41
-8
-13
-57
-67
-486
-93
-32
15
-178
-288
-128
-63
- -
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
27.4
- -
- -
- -
- -
- -
Profit Margin (%)
-53.52
-10.04
-13.91
-57.18
- -
-909.22
-364.07
-314.29
12.31
199.23
539.39
-512.41
-127.24
- -
Working Capital
472
491
628
639
740
537
730
789
891
693
462
350
319
350
LT Debt
- -
- -
- -
- -
- -
26
33
6
15
4
1
17
5
17
Total Equity
503
501
640
700
752
1,039
786
839
927
748
513
385
358
385
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
3.43
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
2.76
- -
- -
- -
- -
- -
Return on Common Equity (%)
-7.82
-1.65
-2.2
-8.47
-9.3
-54.29
-10.23
-3.9
1.72
-21.27
-45.63
-28.59
-16.86
- -

Capital Structure

HKD

•

in mil. unless spec.
Dec'23
Jun'24
Dec'24
ST Debt
28
29
34
LT Borrowings
- -
9
13
LT Finance Leases
1
- -
3
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
281
281
281
Market Capitalization
364
124
89

Working Capital

HKD

•

in mil. unless spec.
Dec'23
Jun'24
Dec'24
Total Current Assets
516
453
399
Cash, Cash Equivalents & STI
173
143
135
Accounts Receivable, Net
313
302
262
Inventories
1
1
- -
Total Current Liabilities
54
50
49
Payables & Accruals
- -
- -
- -
ST Debt
28
29
34
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-3.48%
-14.41%
-6.84%
Free Cash Flow
-14.73%
-175.59%
-675.89%
Net Income, GAAP
-62.17%
-293.11%
-51.25%
Sales/Revenue/Turnover
- -
172.13%
96.31%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
-53
2024
- -
- -
25
2025
- -
- -
49

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
-1.06
2024
- -
- -
-0.46
2025
- -
- -
-0.24

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
- -
2025
- -
- -
- -

Company Description

CEO
Kam Fat Wong
Full Time Employees
67
Sector
Finance
Industry
Investment banks/Brokers
Address
Centre Point Hong Kong Hong Kong
IPO Date
Apr 9, 2001
Business
Value Convergence Holdings Limited, founded in 1986 and headquartered in Wan Chai, Hong Kong, operates as an investment holding company primarily engaged in financial services. Its core businesses span six segments: brokerage and financing; corporate finance and advisory services; asset management; insurance brokerage; proprietary trading; and property investment. The company provides broking and dealing services for securities, futures, and options contracts; margin financing and money lending; placing and underwriting services; trading in equity and debt securities and other financial products; corporate financial advisory including mergers and acquisitions; company secretarial services; asset management; insurance brokerage; and property investment. It additionally markets digital assets, such as Q-coins, through electronic platforms. Recent major developments include a rights issue completed in late 2025, raising approximately HK$34.7 million to support operational expenses. In 2024, the company completed the disposal of its digital asset business segment and made strategic moves to expand its insurance brokerage business through Experts Management Limited to capture increasing market opportunities post the reopening of the Hong Kong and Mainland China borders. It also formed a joint venture focused on risk-weighted assets training and consulting in Shenzhen. The company appointed an experienced executive director in October 2025 to strengthen its capital markets presence. These moves illustrate a strategic pivot to consolidate its core financial services while expanding insurance brokerage and advisory capabilities, and optimizing its business portfolio to enhance sustainable growth in the Hong Kong and Greater China markets. Value Convergence Holdings Limited primarily serves clients in Hong Kong and Mainland China, targeting institutional and retail investors through its extensive financial service offerings. The company maintains a diversified portfolio across capital markets, asset management, and insurance brokerage with a focus on leveraging its market reputation and regulatory expertise to grow its client base and service depth.