…
Solowin Holdings, an investment holding company, provides corporate finance, wealth management, virtual assets, and asset management services in Hong Kong. It operates Solomon VA+, a trading platform that allows investors to trade over listed securities and their derivative products listed on the Hong Kong Stock Exchange (HKSE), New York Stock Exchange, Nasdaq, Shanghai Stock Exchange, and Shenzhen Stock Exchange; and provides online account opening and trading services through its front trading and back-office clearing systems. The company also offers Hong Kong initial public offering (IPO) underwriting, public offer application, and margin financing services; international placing subscription; Hong Kong pre-IPO securities trading; US IPO subscription; virtual assets trading, IPO subscription and placement, bond trading, fund subscription, equity custodian and agent, investment immigrant account management, enterprise employee shareholding exercise, professional investment research, and instant quotation services. In addition, it provides investment advisory services to its clients based on their financial needs and risk appetite; and issues and manages various fund products. Further, the company offers professional asset management services to financial and private institutions; tailored financial services to individual investors; investment banking services; virtual asset dealing, virtual assets spot exchange-traded products subscription and redemption, security token offering, and blockchain services; financial and independent financial advisory services for unlisted and listed companies; and securities dealing and advice, financial planning, and offshore private fund investment services. Solowin Holdings was incorporated in 2021 and is based in Tsim Sha Tsui, Hong Kong.
Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website
A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Public information on Solowin Holdings (NASDAQ: AXG) is limited and the company’s public filings provide minimal detail about its operating subsidiaries, revenue sources, or industry focus. As a small listed holding company, long-term growth drivers may include value creation through acquisitions, divestitures, or operational improvements, and investors may find the stock attractive for potential upside if asset values are realized or business lines are clarified.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
| Income before tax | -1.09M | -0.56M | 0.17M | -0.13M | -0.08M |
| Net income | -1.10M | -0.58M | 0.17M | -0.13M | -0.08M |
| Selling general administrative | 7.28M | 1.70M | 1.39M | 1.09M | 1.22M |
| Selling and marketing expenses | 1.01M | 0.93M | 0.44M | 0.70M | - |
| Gross profit | 0.28M | 0.54M | 0.56M | 0.24M | 0.10M |
| Reconciled depreciation | 0.10M | 0.03M | 0.02M | 0.02M | - |
| Ebit | -1.09M | -0.56M | 0.17M | -0.10M | -0.04M |
| Ebitda | -1.08M | -0.56M | 0.17M | -0.09M | -0.04M |
| Depreciation and amortization | 0.01M | 0.00M | 0.00M | 0.00M | 0.00M |
| Operating income | -1.04M | -0.57M | 0.16M | -0.12M | -0.05M |
| Other operating expenses | 1.41M | 1.11M | 0.40M | 0.54M | 0.20M |
| Interest expense | 0.00M | 0.00M | 0.00M | 0.03M | 0.04M |
| Tax provision | 0.02M | 0.15M | 0.00M | 0.00M | - |
| Interest income | - | 0.03M | 0.00M | 0.00M | - |
| Net interest income | -0.01M | 0.00M | 0.00M | -0.23M | - |
| Income tax expense | 0.00M | 0.02M | - | - | - |
| Total revenue | 0.36M | 0.55M | 0.57M | 0.42M | 0.15M |
| Total operating expenses | 1.32M | 1.10M | 0.40M | 0.36M | 0.15M |
| Cost of revenue | 0.09M | 0.01M | 0.01M | 0.18M | 0.05M |
| Total other income expense net | -0.05M | 0.00M | 0.01M | -0.00M | -0.03M |
| Net income from continuing ops | -8.54M | -4.56M | 1.35M | -0.98M | - |
| Breakdown | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
| Total assets | 12.31M | 15.40M | 10.23M | 9.46M | 13.72M |
| Intangible assets | 0.09M | 0.08M | 0.01M | 0.01M | 0.01M |
| Other current assets | 5.55M | 6.50M | 6.10M | 7.15M | 0.91M |
| Total liab | 7.58M | 6.48M | 6.89M | 7.46M | 12.26M |
| Total stockholder equity | 4.73M | 8.92M | 3.34M | 2.00M | 1.46M |
| Other current liab | 1.48M | 0.24M | 0.17M | 0.07M | 0.02M |
| Common stock | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Capital stock | 0.00M | 0.00M | 0.00M | 0.00M | - |
| Retained earnings | -14.52M | -5.98M | -1.43M | -2.78M | -1.80M |
| Good will | - | - | 0.06M | 0.06M | 0.06M |
| Other assets | - | -10.65M | - | - | - |
| Cash | 3.84M | 2.14M | 1.93M | 0.98M | 0.54M |
| Total current liabilities | 7.49M | 6.04M | 6.79M | 7.46M | 12.16M |
| Current deferred revenue | - | - | 0.12M | - | - |
| Net debt | -2.76M | -1.07M | -1.67M | -0.88M | -0.28M |
| Short term debt | 1.00M | 0.63M | 0.16M | 0.10M | 0.16M |
| Short long term debt | 0.42M | - | - | - | - |
| Short long term debt total | 1.08M | 1.07M | 0.25M | 0.10M | 0.26M |
| Other stockholder equity | 19.22M | 14.91M | 4.79M | 4.79M | 3.27M |
| Total current assets | 9.66M | 12.79M | 9.72M | 9.10M | 13.24M |
| Long term investments | 0.37M | 0.25M | 0.00M | - | - |
| Net receivables | 0.27M | 4.15M | 1.70M | 0.97M | 0.06M |
| Inventory | - | - | - | - | 11.73M |
| Accounts payable | 5.02M | 5.11M | 6.35M | 7.29M | 11.98M |
| Accumulated other comprehensive income | 0.03M | -0.00M | -0.02M | -0.01M | -0.00M |
| Non currrent assets other | 1.37M | 11.72M | 0.16M | 0.16M | 0.11M |
| Non current assets total | 2.65M | 13.26M | 0.50M | 0.36M | 0.48M |
| Capital lease obligations | 0.66M | 1.07M | 0.25M | 0.10M | - |
| Breakdown | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
| Investments | 0.29M | -1.38M | 0.23M | 0.11M | - |
| Total cashflows from investing activities | 0.04M | -0.18M | 0.03M | 0.01M | 0.05M |
| Net borrowings | 0.42M | 0.00M | 0.00M | - | - |
| Total cash from financing activities | 0.30M | 0.86M | -0.04M | 0.19M | -0.01M |
| Net income | -1.10M | -0.58M | 0.17M | -0.13M | -0.08M |
| Change in cash | 0.22M | 0.03M | 0.12M | 0.06M | 0.07M |
| Begin period cash flow | 0.27M | 0.25M | 0.12M | 0.07M | 0.89M |
| End period cash flow | 0.49M | 0.27M | 0.25M | 0.12M | 0.07M |
| Total cash from operating activities | -0.14M | -0.72M | -0.06M | -0.74M | 1.42M |
| Issuance of capital stock | 1.00M | 7.07M | 0.00M | 1.52M | - |
| Depreciation | 0.01M | 0.00M | 0.00M | 0.00M | 0.00M |
| Other cashflows from investing activities | 0.13M | -0.12M | 0.03M | 0.02M | 0.05M |
| Change to inventory | - | - | 0.04M | - | - |
| Change to account receivables | 0.44M | -0.31M | -0.15M | -0.02M | -0.01M |
| Other cashflows from financing activities | 0.18M | 0.01M | -0.34M | 0.20M | -0.00M |
| Capital expenditures | 0.01M | 0.02M | 0.00M | 0.00M | 0.00M |
| Change in working capital | 0.53M | -0.76M | -0.23M | -0.63M | 1.50M |
| Stock based compensation | 3.31M | 3.81M | 0.00M | 0.00M | - |
| Other non cash items | 0.41M | 0.63M | 0.00M | 0.01M | 0.01M |
| Free cash flow | -0.15M | -0.73M | -0.06M | -0.74M | 1.42M |
Sector: Financial Services Industry: Capital Markets
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| AXG Solowin Holdings |
-1.10 84.62% |
0.20 | - | - | 86.63 | 1.79 | 85.22 | 19.08 |
| GS Goldman Sachs Group Inc |
12.16 1.32% |
935.45 | 17.21 | 16.00 | 4.47 | 2.26 | 11.15 | - |
| SCHW Charles Schwab Corp |
-0.46 0.46% |
99.03 | 19.53 | 13.89 | 7.16 | 4.22 | 8.80 | - |
| MS Morgan Stanley |
-0.01 0.01% |
196.31 | 16.50 | 13.76 | 2.80 | 1.65 | - | - |
| IBKR Interactive Brokers Group Inc |
-0.58 0.65% |
89.24 | 35.95 | 27.93 | 22.14 | 6.96 | 3.01 | 3.37 |
Solowin Holdings, an investment holding company, provides corporate finance, wealth management, virtual assets, and asset management services in Hong Kong. It operates Solomon VA+, a trading platform that allows investors to trade over listed securities and their derivative products listed on the Hong Kong Stock Exchange (HKSE), New York Stock Exchange, Nasdaq, Shanghai Stock Exchange, and Shenzhen Stock Exchange; and provides online account opening and trading services through its front trading and back-office clearing systems. The company also offers Hong Kong initial public offering (IPO) underwriting, public offer application, and margin financing services; international placing subscription; Hong Kong pre-IPO securities trading; US IPO subscription; virtual assets trading, IPO subscription and placement, bond trading, fund subscription, equity custodian and agent, investment immigrant account management, enterprise employee shareholding exercise, professional investment research, and instant quotation services. In addition, it provides investment advisory services to its clients based on their financial needs and risk appetite; and issues and manages various fund products. Further, the company offers professional asset management services to financial and private institutions; tailored financial services to individual investors; investment banking services; virtual asset dealing, virtual assets spot exchange-traded products subscription and redemption, security token offering, and blockchain services; financial and independent financial advisory services for unlisted and listed companies; and securities dealing and advice, financial planning, and offshore private fund investment services. Solowin Holdings was incorporated in 2021 and is based in Tsim Sha Tsui, Hong Kong.
| Name | Title | Year Born |
|---|---|---|
| Mr. Ling Ngai Lok | CEO & Chairman | 1983 |
| Ms. Lili Liu | Chief Financial Officer | 1983 |
Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.