GoFintech revenue surges in latest fiscal year, but loss deepens on one-off charges
Financial services provider GoFintech Quantum Innovation Ltd. (0290.HK) on Tuesday reported its revenue rose about 103% to HK$1.75 billion ($224 million) in its fiscal year through March from HK$863 million…
GoFintech’s soaring valuation on ‘buzzword of the day’ approach masks low-margin reality
The financial services provider has rebranded and pivoted toward high-tech buzzwords, but it relies on low-margin supply chain brokerage services for most of its business Key Takeaways: GoFintech’s has agreed…
A Chinese EV giant’s financing reckoning, and a stockbroker’s commodities pivot
China's central bank is shutting down an IOU system used by BYD to pay its suppliers. Why is it taking this step? And revenue for a stock broker called GoFintech has soared more than 40-fold after it entered the commodities trading business. How should investors look at such a move?
GoFintech returns to the black, but sacrifices margins for big revenue jump
The provider of stock brokerage and other financial services’ revenue surged more than 40-fold in the first half of its fiscal year, but its gross profit margin plummeted Key Takeaways:…
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