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October 2026
Largest Public Companies in Hong Kong
Benchmark revenue and EBITDA valuation multiples for public comps like
China Construction Bank, AIA Group, BYD, HKEX and Zijin Gold.
 | China Construction Bank, headquartered in Beijing, is China's second-largest bank. It went public on the Hong Kong Stock Exchange in 2005 and listed shares in mainland China in 2007. Central Huijin Investment, China's sovereign wealth fund manager, is the largest shareholder with a 57% share. Fullerton Financial Holdings (a subsidiary of Temasek) is the second-largest shareholder with a 4.99% stake. CCB strives to provide customers with comprehensive financial services. The corporate banking, retail banking, and wholesale banking business segments accounted for 26%, 45%, and 27% of profit before tax, respectively, in 2024. | $2 | +82% | $353B | $353B | 3.1x | - | ||
| Headquartered in Hong Kong, AIA is one of the largest pan-Asian insurance providers with diversifed products offerings including retirement savings plans, life insurance, and accident and health insurance. It was previously part of American International Group and went for a separate listing in Hong Kong in 2010. The firm also provides employee benefits, credit life, and pension services to corporate clients. AIA operates in 18 markets and serves the holders of more than 30 million individual policies and over 16 million participating members of group insurance schemes. | $10 | -1% | $99B | $114B | 2.9x | 13.1x | ||
| Founded in 1995, BYD is a leading Chinese manufacturer in the design, development, and production of new energy vehicles, or NEVs. In March 2022, the firm discontinued production of internal combustion engine, or ICE, vehicles. Its products primarily target the growing midpriced mass-market segment in China’s passenger vehicle market. The company sold about 4.6 million passenger NEVs in 2025, accounting for 30% of the Chinese passenger NEV market. Besides automobile production, the company is also engaged in handset components and assembly services, as well as the rechargeable battery and photovoltaics business. | $12 | -14% | $99B | $108B | 0.9x | 6.1x | ||
| Hong Kong Exchanges and Clearing is a vertically integrated securities exchange business offering listing, data, trading, clearing and settlement services across equities, debt and derivatives. HKEx, like Hong Kong itself, functions as a gateway between China and the rest of the world. HKEx serves as a preferred listing venue for Chinese companies outside of China and, through the Connect Scheme, offers two-way trading for a growing group of financial products with the Shanghai Stock Exchange and the Shenzhen Stock Exchange. | $47 | -14% | $59B | $18B | 5.9x | 8.0x | ||
| Zijin Gold International Co Ltd is an international gold mining and development company, principally engaged in the exploration, mining, processing, smelting, and sale of gold. Its principal products include gold bullion, gold dore, and gold concentrates, with key operations located outside Mainland China. The company holds interests in several gold mines across key mineralisation belts in South America, Oceania, Central Asia, and Africa, such as the Taldybulak Levoberezhny Gold Mine in Kyrgyzstan, Raygorodok Gold Mine in Kazakhstan, Jilau and Taror Gold Mines in Tajikistan, Porgera Gold Mine in Papua New Guinea, and Norton Gold Fields in Australia, among others. Geographically, it derives maximum revenue from Colombia, followed by Suriname, Australia, Tajikistan, and other countries. | $15 | -10% | $41B | $38B | 7.0x | 11.1x | ||
| Sun Hung Kai Properties is a diversified real estate developer in Hong Kong with a core focus on the residential, office, and retail real estate segments. Most of its business is based in Hong Kong, where it is a leading private housing developer and holds a portfolio of high-quality retail and office properties for rental income. The company also invests in other listed entities, including a telecommunications company, SmarTone, and a data center provider, SUNeVision. The family of the late founder, Kwok Tak Seng, is the controlling shareholder, with a stake of more than 40%. | $14 | +14% | $40B | $50B | 4.1x | 11.6x | ||
| CK Hutchison Holdings, or CKH, is a Hong Kong headquartered conglomerate with key businesses in ports, retail, infrastructure, and telecommunications. The company was created in 2015 to house the merged assets of Cheung Kong Holdings and Hutchison Whampoa as the group sought to flatten out and simplify its original holding structure. CKH contains most of the businesses previously housed in Hutchison Whampoa, minus the property assets, which were spun off into their own listing, CK Asset Holdings. Telecommunications and infrastructure activities now make up the largest share of EBITDA, at around 53%. The planned sale of most of the ports business is currently being scrutinized by the government. | $8 | +27% | $32B | $66B | 1.9x | 7.1x | ||
| Techtronic Industries Co Ltd is a designer and manufacturer of power tools. It operates in two segments namely Power Equipment and Floorcare and Cleaning. The company generates maximum revenue from the Power Equipment segment. Its Power Equipment segment includes sales of power tools, power tool accessories, outdoor products, and outdoor product accessories for consumer, trade, professional, and industrial users. The products are available under the MILWAUKEE, EMPIRE, AEG, RYOBI, and HOMELITE brands plus original equipment manufacturer (OEM) customers. Geographically, it derives a majority of its revenue from North America. | $17 | +45% | $31B | $31B | 2.0x | 15.3x | ||
| MTR constructs and operates Hong Kong's rail network, giving it a monopoly position. In addition to rail operation, the company makes recurring income from commercial business within the stations. This includes rental of retail kiosks and advertisement within the station and investment properties in shopping malls above stations. Residential real estate development forms part of MTR's return for the rail operation. In a normalized environment, average operating profit is approximately 20% in rail operation, 60% in station commercial and property leasing business, and 20% in property development. The Hong Kong government owns 75% of MTR. | $4 | +16% | $26B | $37B | 5.2x | 11.2x | ||
| CLP Holdings is the larger of the two electric utility companies in Hong Kong, serving 80% of the territory’s population. It generates, transmits, and distributes electricity to about 2.8 million customer accounts in Kowloon and the New Territories through its wholly owned network. The business is regulated by the Hong Kong government, with a permitted return on net fixed assets of 8% to December 2033. About 70% of group EBITDA is from Hong Kong, its highest-quality business. Besides Hong Kong, the company has expanded overseas, with generation and energy retail assets in Australia and generation assets in China, India, Taiwan, and Southeast Asia. | $10 | +16% | $25B | $34B | 3.0x | 10.6x | ||
| CK Infrastructure Holdings is a Hong Kong-based infrastructure investment and operating group, formerly known as Cheung Kong Infrastructure Holdings. It invests in businesses that provide essential infrastructure and related services across international markets. Its portfolio includes utilities and environmental infrastructure, with revenue and investment returns arising from the services delivered by its operating businesses. The group serves commercial, municipal and household markets through those businesses. In 2013, it led the consortium purchasing AVR Afvalverwerking in the Netherlands and acquired a 35% interest. That investment added waste-processing facilities with long-term gate-fee and energy-supply contracts. Its other environmental infrastructure interests at the time included Northumbrian Water in the United Kingdom and EnviroWaste in New Zealand. The company evaluates infrastructure investments for recurring cash flow and stable returns, while participating in the ownership and development of the underlying operating assets. | $9 | +38% | $23B | $20B | 34.9x | 158.5x | ||
| CK Asset Holdings was the property business arm of the Cheung Kong Group before the spinoff in 2015. It was subsequently renamed CK Asset Holdings from CK Property in 2017. Li Ka-shing and his family remain the largest shareholders of CK Asset over the years, with about a 48% equity stake. The company mainly engages in property development, property investment, and hotel management in Hong Kong and mainland China, while diversifying into social housing, pub operations, and infrastructure management overseas in recent years. | $6 | +19% | $21B | $20B | 2.7x | 8.7x | ||
| China Unicom is the incumbent fixed-line operator in 10 northern Chinese provinces, as well as the third-largest wireless operator nationwide. As of June 2025, it had around 355 million billing wireless customers and over 125 million fixed-line subscribers. China Unicom also has a growing ICT business. We estimate it has the third largest internet data center business in China with 420,000 cabinets and its Cloud Service revenue is also showing strong growth. It has its own 4G network and shares the radio access function with China Telecom for its 5G network. | $1 | -45% | $20B | $20B | 0.3x | 1.3x | ||
| Swire Properties is a Hong Kong-based property investor and Hong Kong's largest office landlord. Its Hong Kong portfolio provides more than 13 million square feet of gross floor area, with its portfolio of grade A office contributing over 9 million square feet. The firm also holds investment properties and development projects in China, the United States, and Southeast Asia. Rental income accounts for over 60% of its total revenue, with property development and hotel operations contributing the balance. The company was listed in 2012. Parent company Swire Pacific holds an 83% stake. | $3 | +19% | $19B | $24B | 11.8x | 157.6x | ||
| Galaxy Entertainment is one of six casino licenseholders in Macao. Its major properties include Starworld casino in the Macao Peninsula and Galaxy Macau in Cotai, with a hotel capacity of approximately 5,564 rooms as of the end of 2024. | $4 | -18% | $18B | $16B | 2.5x | 8.9x | ||
| Power Assets Holdings is a Hong Kong-based investment holding company focused on energy and utility businesses. Its portfolio includes electricity generation and distribution, gas distribution and renewable-energy operations across several international markets. The company earns returns through ownership of operating assets that provide utility services to commercial, municipal and household customers. In 2013, it participated in a consortium acquiring AVR Afvalverwerking in the Netherlands, taking a 20% interest in the energy-from-waste business. The investment extended its geographic presence into continental Europe and diversified its energy portfolio into waste processing and recovered energy. AVR’s revenue sources included contracted waste-treatment fees and sales of electricity, steam and district heating. Power Assets described its existing portfolio at the time as spanning six markets outside Hong Kong. Its investment approach therefore combines ownership of established utility infrastructure with selective expansion into related energy activities. | $8 | +28% | $17B | $12B | ||||
| Henderson Land Development is a leading property developer in Hong Kong with a focus on urban redevelopment and farmland conversion. The company was founded in 1976, listed in 1981. Henderson Land controls four listed entities directly, including a 69% stake in Henderson Investment, a 41.5% stake in Hong Kong and China Gas, a 33.4% stake in Hong Kong Ferry, and a 50.1% stake in Miramar Hotel & Investment. | $4 | +2% | $17B | $26B | ||||
| Hong Kong and China Gas Co Ltd, is the oldest public utility company in Hong Kong. The company’s core business comprises the production and distribution of town gas in Hong Kong, with a monopoly on distribution and retail. The company is also investing in water, upstream gas, and new energies. | $1 | 0% | $17B | $26B | ||||
| SITC International Holdings Co Ltd is an Asian shipping logistics company that provides integrated transportation and logistics solutions. The company focuses exclusively on servicing the Asia trade market, which is the largest in the world and one of the fastest-growing markets in terms of shipping volume, according to Drewry Maritime Services (Asia) Pte Ltd, an independent industry consultant. The business covers integrated shipping logistics services, such as the provision of container transportation, freight forwarding, shipping agency, depot, warehousing services, land leasing, and other services. | $6 | +67% | $17B | $16B | ||||
| Swire Pacific is a Hong Kong-based conglomerate with interests in property, aviation, beverage, trading, and industrials. The property division, an 82% stake in Swire Properties, contributes more than half of the group's operating profit. The beverage division is one of two Coca-Cola bottlers in mainland China and also a bottler in Hong Kong, Taiwan, Thailand, Laos, Vietnam, and Cambodia. The aviation division consists of Haeco, an aircraft engineering company, and a 45% stake in Cathay Pacific. As of end December 2024, John Swire & Sons, the parent company, holds a 60% stake in Swire Pacific but has 68% of the voting rights through a dual-class share structure. | $14 | +64% | $16B | $32B | ||||
| Chow Tai Fook Jewellery Group Ltd is engaged in the jewelry and watch business located in Mainland China. The company's geographical operating segment includes Mainland China and Hong Kong, Macau, and other markets. It generates maximum revenue from Mainland China. Its product categories include rings, bands, necklaces, pendants, earrings, chains, bracelets, and others. The company derives revenue from Gem-set, Gold products, Platinum/Karat gold products, and Watches. | $1 | -28% | $14B | $16B | ||||
| Futu Holdings Ltd is an online broker providing one-stop online investing services. The company provides its services through its digital platform Futu NiuNiu, which includes market data, trading service, and news feed of Hong Kong, Mainland China, Singapore, and the United States equity markets. It generates its revenue in the form of brokerage commission and handling charge services, and interest income. | $98 | -51% | $14B | $14B | ||||
| HKT Trust and HKT Ltd is a triple-play telecommunications provider that operates through three segments, telecommunications services, mobile, and Other businesses. Telecommunication services are the larger business segment and generates revenue by providing technology and telecommunications and related services including enterprise solutions, total home solutions, healthtech services, and media entertainment. The Mobile segment represents mobile telecommunications businesses in Hong Kong, and the other segment comprises other new businesses such as The Club’s loyalty platform and HKT Financial Services, and corporate support functions. The company's key revenue is generated from Hong Kong. | $2 | +6% | $12B | $18B | ||||
| Listed on the Hong Kong Stock Exchange in 2000, Sino Biopharmaceutical is one of the largest Chinese drugmakers. It started with generic drug manufacturing. Since 2018, Sino Biopharm has been actively pivoting into an innovative drugmaker after the Chinese government launched its volume-based procurement policy for the healthcare industry. As of 2024, 41.8% of the firm's total revenue comes from its innovative product category, which includes innovative drugs and biosimilar drugs. Sino Biopharm’s biggest revenue segment is oncology medicines, accounting for 37.2% of total revenue, followed by hepatitis, surgery/analgesia, respiratory, and cardio-cerebral vascular therapeutic areas. | $1 | -32% | $11B | $11B | ||||
| Cathay Pacific is the largest airline group in Hong Kong. It operated a fleet of 236 aircraft as of December 2025 and will fly to over 100 destinations in 2025. Cathay carried more than 35 million passengers in prepandemic 2019. The group operates the full-service airline Cathay Pacific and the low-cost carrier HK Express. It also runs the cargo carrier Air Hong Kong. | $2 | +23% | $11B | $17B | ||||
| WH Group is a holding company and the world’s largest vertically integrated producer of pork and related packaged meat products. Its revenue is mainly derived from activities undertaken by its China and US operations, which are respectively via 70.3%-owned Henan Shuanghui Investment & Development Company and wholly owned Smithfield Foods Inc. In the US, its key packaged meats brands, in which it has a 6% market share, include Nathan’s hot dogs, Armour, John Morrell, and Curly’s, while in China, products are mainly under the Shuanghui brand, where it also has a 25% market share. We expect the company’s operating profit to be split almost equally between the US and China in the future with a small contribution from Europe. | $1 | -15% | $10B | $13B | ||||
| Budweiser APAC is the largest brewer in Asia by retail sales value and the second largest by volume, according to Euromonitor. After 10% of the business was listed on the Hong Kong exchange in 2019, parent Anheuser-Busch InBev owns close to 90% of the company's equity. Budweiser APAC's largest markets are China (roughly 75% of 2024 revenue), South Korea (20%), and India. The remaining comprises Japan, New Zealand, and other export markets in the Asia-Pacific region. The company predominantly produces, imports, markets, distributes, and sells a portfolio of more than 50 beer brands, both owned and licensed, including global brands Budweiser, Stella Artois, and Corona along with multicountry brands and local brands such as Hoegaarden, Cass, and Harbin. | $1 | -26% | $9.9B | $7.7B | ||||
| China Mengniu Dairy is a dairy manufacturer and distributor established in Inner Mongolia in 1999, with operating headquarters in Hohhot. Its product portfolio includes liquid milk, yogurt, milk beverages, ice cream, milk powder and cheese sold to consumers through commercial distribution channels. The group’s brands include Mengniu, Milk Deluxe, Just Yoghurt, Yoyi C, Shiny Meadow and Bellamy’s, covering ambient and chilled dairy categories as well as infant nutrition. It manufactures products in China and also operates production facilities in overseas markets including Indonesia and Australia. Revenue comes from sales of dairy products rather than investment management or financial services. The business has invested in upstream dairy farming companies to support its raw milk supply, including its substantial shareholding in China Modern Dairy. Its holding company is listed on the Hong Kong Stock Exchange under stock code 2319. | $3 | +39% | $9.8B | $11B | ||||
| The Wharf (Holdings) Ltd has determined five reportable operating segments for measuring performance and allocating resources. The segments are investment properties, development properties, hotels, logistics, and investments. The investment properties segment mainly includes property leasing & management operations. The development properties segment encompasses activities relating to the acquisition, development, sales, and marketing of the Group’s trading properties. The hotel segment includes hotel management in Asia. The logistics segment mainly includes container terminal operations. The investment segment includes a diversified portfolio of listed equity investments. The majority is from the Development Properties segment. Geographically, the majority is from Mainland China. | $3 | -4% | $7.7B | $7.6B | ||||
| Shenzhou is the world's largest vertically integrated knitwear manufacturer. It makes sportswear, casual wear, and lingerie for major international brands like Nike, Adidas, Puma, and Uniqlo. Sportswear is by far its biggest business, at 68% of 2025 revenue, followed by casual wear at 27% and lingerie at 5%.Its largest market is mainland China, which made up 24% of sales in 2025, followed by Europe, the US, and Japan. To serve these customers, Shenzhou runs manufacturing plants in China, Cambodia, and Vietnam. | $5 | -43% | $7.3B | $5.4B | ||||
| HK Electric Investments and HK Electric Investments Ltd is a fixed single investment trust in Hong Kong with a focus on the power industry. The company is a vertically integrated power utility and its operations comprise the generation, transmission, distribution and supply of electricity to Hong Kong Island and Lamma Island. The company have one reporting segment which is the generation and supply of electricity to Hong Kong Island and Lamma Island. | $1 | +1% | $6.9B | $13B | ||||
| Smoore International Holdings Ltd offers vaping technology solutions, including manufacturing vaping devices and vaping components for Heat-not-burn products. It operates in three segments namely research, design and manufacturing of closed-system electronic vaping products, heat-not-burn products, and components for atomization products for various tobacco companies, independent vaping and other corporate clients; research, design, manufacturing and sale of branded electronic vaping products and beauty atomization products for retail clients; and providing relevant research and development (R&D) services for customers based on atomization technology reserves. The company generates maximum revenue from Vaping devices and components, besides APV. | $1 | -37% | $6.5B | $5B | ||||
| FWD Group Holdings Ltd is a holding company. The Company and its subsidiaries are principally engaged in the provision of products and services focusing on life insurance, general insurance, and investment services (the Insurance Business). The operating segments of the company are each of the geographical markets in which the Operating Group operates, which are Hong Kong, Thailand, Japan, Emerging Markets & Corporate, and Others. | $4 | -19% | $5.3B | $7.2B | ||||
| AAC Technologies is one of the world’s largest manufacturers of miniature acoustic components, such as speakers and receivers, primarily for smartphones. Founded in 1993, the company has since expanded into the production of other handset components, such as electromagnetic drives (haptics), precision mechanical, lenses and camera modules, sensors, and MEMS microphones. AAC is headquartered in Shenzhen, China, and runs factories in China, Vietnam, Czechia, and Malaysia. It employed 44,181 people as at June 30, 2025. | $5 | -9% | $5.3B | $5.9B | ||||
| PCCW Ltd is a Hong Kong-based company engaged in the businesses of telecommunications, media, information technology solutions, property development and investment, and others. The operating segments of the company are HKT Limited (HKT), Media Business, and other businesses. The entity derives key revenue from the HKT segment, which includes the provision of telecommunications and related services such as local telephony, local data and broadband, international telecommunications, mobile, and other telecommunications businesses such as customer premises equipment sales, outsourcing, consulting, and contact centers. The company operates in Hong Kong, Mainland and other parts of China, Singapore, and other countries, of which the maximum revenue is derived from the operations in Hong Kong. | $1 | -11% | $4.9B | $14B | ||||
| DFI Retail Group Holdings Ltd is an Asian retailer that operates in five segments: Food, Health and Beauty, Home Furnishings, Convenience, and Other Retailing. Convenience is the Group's 7-Eleven businesses. Food comprises the grocery retail businesses (including Robinsons Retail operating in the Philippines and Yonghui operating on the Chinese mainland up to their respective dates of divestment). Home Furnishings is the Group's IKEA businesses. Restaurants is the Group's associate, Maxim's, a food and beverage company. Other Retailing represents the department stores, specialty and Do-It-Yourself (DIY) stores of Robinsons Retail. The majority of revenue is derived from the Food segment. | $3 | -1% | $4.7B | $6.9B | ||||
| Xinyi Glass Holdings Ltd is engaged in the production and sales of float glass products, automobile glass products, construction glass products, and a variety of related products in the PRC and Malaysia. Its product portfolio comprises clear glass, glass for windshields, heating glass, laminated glass, heat-reflective coated glass, and others. The company's operating segments are Float glass, Automobile glass, and Architectural glass. A majority of its revenue is generated from the Float glass segment, which offers clear glass, F-green glass, and European gray glass. Geographically, the company generates maximum revenue from Greater China, and the rest from other regions like Europe, Australia, New Zealand, Africa, the Middle East, Central America, North and South America. | $1 | -12% | $4.6B | $4.8B | ||||
| Regencell Bioscience Holdings Ltd is a bioscience company focusing on the research, development, and commercialization of TCM for the treatment of neurocognitive disorders and degenerations, specifically ADHD and ASD, and infectious diseases affecting people’s immune systems. | $7 | -60% | $3.3B | $3.3B | ||||
| Crystal International Group Ltd is principally engaged in the manufacturing and trading of garments. The operating segments of the company include Lifestyle wear, Denim, Intimate, Sweater, Sportswear, and Outdoor Apparel. It generates a majority of its revenue from Lifestyle wear. Geographically, it generates the majority of revenue from the Asia Pacific, which includes Japan, PRC, and South Korea. | $1 | +12% | $2.8B | $2.4B | ||||
| Sunevision Holdings Ltd is an Investment holding company. Its segment includes Data centre and IT facilities covering the provision of data center and IT facilities colocation services to allow customers to house their IT infrastructure or equipment, interconnection services to provide customers with high-speed and reliable interconnectivity, and other managed services; and ELV and IT systems comprise installation and maintenance services for the respective systems. It generates the majority of its revenue from Data centre and IT facilities. The company generates the majority of its revenue from Hong Kong. | $1 | -23% | $2.4B | $4.4B | ||||
| Jiaxin International Resources Investment Ltd, along with its subsidiaries, is principally engaged in the exploration, development, and operation of a tungsten mine (Boguty tungsten mine) in the Republic of Kazakhstan (Kazakhstan). The Group completed the construction of the mining infrastructures of Boguty tungsten mine and has commenced the commercial production and sales of tungsten concentrate. | $5 | -7% | $2.1B | $2B | ||||
| GoFintech Quantum Innovation Ltd Formerly GoFintech Innovation Ltd is a cross-border financial service platform based in Hong Kong backed by the Greater Bay Area. The company's reportable and operating segments are; Securities brokerage and margin financing, Corporate finance, Money lending, Consultancy and Insurance brokerage, Asset management, and Equity investment. It generates maximum revenue from the Securities brokerage and margin financing segment which engages in securities brokerage and margin financing in Hong Kong. Geographically, the company derives a majority of its revenue from Hong Kong and the rest from the People's Republic of China. | $0 | -25% | $2B | $2B | ||||
| Shangri-La Asia Ltd owns and manages hotels in the People's Republic of China under the brands Shangri-La Hotels, Shangri-La Resorts, Kerry Hotels, Hotel Jen, and Traders Hotels. Other countries in which the group has its presence include Singapore, the Philippines, Malaysia, Thailand, Japan, Australia, and a few Other Countries. Besides hotel operations, the group also engaged in golf course operations in Bali, Indonesia, and wine trading in Hong Kong. Its business is organized into Hotel Properties, Hotel management and Related services, Investment Properties, and Property Development for sales. Revenues are generated from room rental, food and beverage sales, hotel management, Rental revenue from investment properties, and sales of properties. | $0 | -23% | $1.7B | $7.3B | ||||
| VTech Holdings Ltd is engaged in the designing, manufacturing, and distribution of consumer electronic products. It also provides contract manufacturing services. The company's diverse collection of products includes Telephone Products, Business Phones, Electronic Learning Toys, Baby Monitors, and Hospitality Products. In addition, it offers turnkey services to customers in several product categories. The company operates through four reportable segments: North America, including the United States and Canada, Europe, Asia Pacific, and Others, which covers sales of electronic products to the rest of the world. It generates maximum revenue from Europe. | $7 | -19% | $1.7B | $1.5B | ||||
| VSTECS Holdings Ltd is an investment holding company. Along with its subsidiaries, the company is engaged in the development of an information technology (IT) product channel and the provision of technical solution integration services. The group's business segments include Consumer electronics, Enterprise systems, and Cloud computing. A majority of its revenue is generated from the Enterprise systems segment, which provides enterprise system tools (middleware, operating systems, Unix/NT servers, databases, and storage) for IT infrastructure and IT infrastructure design and implementation, training, maintenance, and support services. Geographically, the group generates maximum revenue from North Asia and the rest from Southeast Asia. | $1 | -21% | $1.4B | $2.5B | ||||
| Kerry Logistics Network, or KLN, is a leading Asian diversified logistics service provider with a global presence. KLN is the number one non-vessel operating common carrier, or NVOCC, by volume for transpacific trades in 2024. Its business consists of international freight forwarding (air freight, ocean freight, and cross-border road freight forwarding services), integrated logistics mainly across Asia, and e-commerce and express delivery services. KLN has been majority owned by and consolidated under the international segment of China’s leading logistics company S.F. Holding, or SF, since September 2021. | $1 | -24% | $1.3B | $2.3B | ||||
| OSL Group Ltd is an investment holding company. Along with its subsidiaries, the company operates an insured and SFC-licensed digital assets and blockchain platform business in the Asia-Pacific region, which mainly includes an OTC trading business to trade digital assets with corporate and individual customers, and the provision of automated digital assets trading services through its proprietary platforms. It provides a comprehensive range of services, including brokerage, custody, exchange, and SaaS. The group's platform caters to institutional, professional, and retail investors, facilitating them to manage their digital assets. Geographically, it operates in Hong Kong, Australia, Japan, Singapore, and Mainland China. | $1 | -43% | $1.2B | $989M | ||||
| The Hongkong and Shanghai Hotels Ltd is a luxury hospitality and real estate group. It owns and operates hotel properties under the Peninsula brand located in city centres across Asia, the U.S., and Europe. The company's assets comprise a small number of ultra-luxury hotels, real estate assets, and tourism assets, including The Peak Tram-one of Hong Kong’s tourist attractions. The group's reportable segments are: Hotels, Commercial Properties, Peak Tram, Retail, and Others. Maximum revenue is generated from its Hotels segment, which includes revenue generated from operating hotels, leasing of commercial shopping arcades, and office premises located within the hotel buildings. Geographically, the group generates maximum revenue from Europe. | $1 | -18% | $1.1B | $2.9B | ||||
| China Everbright Ltd is an investment management firm based predominantly in Hong Kong. The company's core activity includes investing in long-term investment vehicles to secure capital appreciation for its investors. Its investment portfolio is comprised of unlisted equity securities, equity derivatives, start-up, and development-stage companies and long-term equity. The company's operating segments include Fund Management Business and Principal Investments Business. Geographically, it generates maximum revenue from Mainland China. | $1 | -52% | $1.1B | $4.5B | ||||
| SJM Holdings is one of six casino license holders in Macao. It operates Grand Lisboa casino in the peninsula and Grand Lisboa Palace in Cotai, as well as another three self-promoted casinos Casino Lisboa, Oceanus, and Jai Alai. In addition to these casinos, SJM also aims to acquire two of its satellite casinos L'Arc Macau and Casino Ponte 16, and convert them to self-promoted casinos by the end of 2025. | $0 | -60% | $1B | $4.7B | ||||
| Plover Bay Technologies Ltd is an investment holding company. The company and its subsidiaries are engaged in the research, design, development, and marketing of Software Defined WAN (SD-WAN) routers and the provision of software licenses and warranty and support services. The company’s products and services are used by enterprise users, such as multinational companies, as well as industry users. It has two operating segments: the sale of SD-WAN routers segment that engages in the sale of wired and wireless routers, also known as Fixed First Connectivity and Mobile First Connectivity, respectively; and software licences and warranty and support services segment that engages in the provision of software licences and warranty and support services. | $1 | +12% | $1B | $973M | ||||
| HKBN Ltd is a telecommunications company. The company derives revenue from broadband Internet services and voice services to both residential and enterprise customers. The principal activities of the Group are: provision of fixed telecommunications network services, international telecommunications services, and mobile services to residential and enterprise customers in Hong Kong; system integration services; product sales; and marketing and distribution of computer hardware and software, telecommunication products, office automation products and the provision of related services. The company has two segments Telecom and technology solutions (Hong Kong) and Telecom and technology solutions (Hong Kong) and the majority of the company's revenue is generated from Hong Kong. | $1 | -23% | $1B | $2.3B | ||||
| Modern Dental Group Ltd, along with its subsidiaries, is engaged in providing dental prosthetic devices. Its product portfolio is categorized into three segments: the Fixed prosthetic devices segment is a supplier of restorative dental procedures, such as crowns, bridge and implants; the Removable prosthetic devices segment produces full dentures and partial dentures; and Other devices such as orthodontic devices, sport guards and anti-snoring devices, raw materials, dental equipment (including intra-oral scanners), the service of educational events and seminars rendered. It generates the majority of its revenue from the sale of Fixed prosthetic devices. Its geographical segments are Europe, which derives key revenue, North America, Australia, Greater China, and other countries. | -- | $1 | -- | $865M | $838M | |||
| JS Global Lifestyle Co Ltd is an investment holding company. Its operating segment includes Joyoung and SharkNinja APAC. Its Joyoung segment is involved in the design, manufacture, marketing, export, and distribution of small kitchen electrical appliances. Its SharkNinja APAC segment, which operates in the Asia Pacific Region, is involved in the design, marketing, manufacture, export, import, and distribution of a full range of floor care products, hard-surface steam cleaning products, small kitchen appliances products, personal care appliances, and home environment appliances under the brands of Shark and Ninja. The company generates maximum revenue from the Joyoung segment. | $0 | -3% | $774M | $450M | ||||
| Alpha & Omega Semiconductor Ltd designs, develops and supplies a portfolio of power semiconductors targeting various applications, including personal computers, flat-panel TVs, LED lighting, smartphones, battery packs, consumer and industrial motor controls and power supplies for TVs, computers, servers and telecommunications equipment. It generates revenue mainly from the sale of power semiconductors, consisting of power discretes and power ICs with a presence in Hong Kong, China, South Korea, the United States and other countries. It operates in one operating segment: the design, development and supply of power semiconductor products for computing, consumer electronics, communication and industrial applications. | $23 | -18% | $696M | $543M | ||||
| Hutchison Telecommunications Hong Kong Holdings Ltd is an investment holding company. It operates in a single segment of the mobile telecommunications business in Hong Kong and Macau. The company offers a wide range of mobile telecommunications services and products with an increasing focus on data-centric services that converge with Internet and PC services. It provides mobile communications services such as local voice, SMS, MMS, IDD, and international roaming, as well as data services and applications including direct carrier billing offerings, mobile device security management, eBooks, music downloads, movies-on-demand, mobile social networking applications, and FinTech. | $0 | +1% | $681M | $271M | ||||
| SmarTone Telecommunications Holdings Ltd provides mobile and broadband services for household and corporate customers. The majority of overall company revenue comes from selling handsets and associated accessories. The group's customers are post-paid. It operates in one reportable segment, which is mobile telecommunications business. | $1 | -1% | $679M | $445M | ||||
| HashKey Holdings Ltd is an investment holding company, principally engaged in digital asset exchange custody, asset management, and related blockchain infrastructure services. The Group's business includes licensed digital asset trading platforms, brokerage services, custody solutions, asset management products, and technology services provided to institutional and professional clients. The company's business segments are: Transaction facilitation services, On-chain services, and Asset management services. It derived the majority of revenue from the Transaction facilitation services segment, covering digital asset exchange services, brokerage services, and custody services. Geographically, it derived the maximum revenue from Hong Kong. | $0 | -- | $641M | $352M | ||||
| AMTD Digital Inc along with its subsidiaries, is mainly involved in the provision of digital solutions services. Its reportable segments are digital solutions services segment, hotel operations, hospitality and VIP services segment and media and entertainment services. The company generates maximum revenue by providing financial digital solutions through its insurance brokerage services and other digital solutions services. Geographically, the company generates maximum revenue from Hong Kong and Singapore. | $2 | -44% | $522M | $1.1B | ||||
| Viva Goods Co Ltd is principally engaged in the operation of a multi-brand apparel and footwear business. It also engages in the sports experience business, including the operation, service provision, and investment of sports destinations, sports competitions, and events, as well as an e-sports club. Along with its subsidiaries, the company operates in two reportable operating segments: the multi-brand apparel and footwear segment, and the sports experience segment. A majority of its revenue is generated from the multi-brand apparel and footwear segment, which engages in design and development, branding, and sales of apparel and footwear consumables through brands like Clarks, Testoni, Double Happiness, and Bossini, among others. Geographically, it derives maximum revenue from America. | -- | $0 | -40% | $457M | $988M | |||
| Pax Global Technology Ltd sells a variety of electronic payment devices. The company is principally engaged in the development and sales of E-payment Terminals products, provision of maintenance and installation, and payment solution services. Geographically, the firm generates the majority of its revenue from Hong Kong, followed by the United States of America, PRC (excluding Hong Kong, Taiwan, and Macau), and Italy. Almost all of the company's revenue is derived from Sales of E-payment Terminal products. | $0 | -41% | $426M | - | ||||
| OrbusNeich Medical Group Holdings Ltd is a China-based medical device maker of endovascular interventional instruments with majority reach. Its segment include: Asia Pacific region, except Japan and the PRC (APAC), Europe, Middle East & Africa (EMEA), Japan, The PRC, and United States, of which maximum revenue is derived from APAC. | $0 | -- | $392M | $200M | ||||
| Roma Green Finance Ltd is principally engaged in the provision of ESG, corporate governance and risk management as well as sustainability and climate change-related advisory services. The company works closely with its clients to help them understand, identify, manage, and overcome various business matters arising from such factors related to ESG, sustainability and climate change. Geographically, the company generates its revenue from Hong Kong and Singapore. | $6 | +131% | $377M | $376M | ||||
| Comba Telecom Systems Holdings Ltd is an investment holding company. The company operates in two segments: Wireless telecommunications network system equipment & services, and Operator telecommunication services. Its solutions include Antenna Site, In-Vehicle Broadband, Indoor Coverage Enhancement, Large Venue Coverage, LTE Upgrade, Railway/Tunnel Coverage, Wireless Backhaul, and Small Cell. It serves various industries such as airports, Education, Government and Public, Hospitality, stadiums, Transportation, and others. The company generates maximum revenue from the Wireless telecommunications network system equipment & services segment. Its geographical segments are Mainland China, Other countries/areas in the Asia Pacific, Americas, European Union, Middle East, and Other countries. | $0 | -69% | $364M | $217M | ||||
| Phoenix Asia Holdings Ltd operates its business through its indirectly wholly-owned Operating Subsidiary, It is engaged in substructure works, such as site formation, ground investigation and foundation works, in Hong Kong. To a lesser extent, the company also provides other construction services such as structural steelworks. | $17 | -11% | $361M | $361M | ||||
| Prenetics Global Ltd is a health sciences company dedicated to advancing consumer health. The consumer initiative is led by IM8, one of the world’s fastest-growing supplement brands; Europa, one of the sports distribution companies in the USA; and CircleDNA, a direct-to-consumer DNA testing company. As the first consumer healthcare company to establish a Bitcoin treasury with its initial approximately $20 million Bitcoin purchase and board-approved comprehensive Bitcoin plan of action, Prenetics is pioneering the intersection of healthcare innovation and digital asset adoption. | $18 | +20% | $346M | $237M | ||||
| Public Financial Holdings Ltd is principally engaged in the provision of a range of banking and financial services, stockbroking, the letting of investment properties, the provision of financing to purchasers of taxis and public light buses, the trading of taxi cabs and taxi licences, and the leasing of taxis. The company has three main segments: i) retail and commercial banking businesses; ii) wealth management services, stockbroking and securities management; and iii) other businesses. The majority of the company's revenue is derived from the Retail and Commercial Banking segment, which offers deposit accounts, lending, leasing, business and vehicle financing, foreign exchange, and cash and risk management services. | -- | $0 | -- | $324M | - | |||
| CTRL Group Ltd is an integrated marketing and advertising services provider in Hong Kong specializing in mobile games promotion for the local market. It provide services to mobile game developers, principally developers of mobile gaming applications or apps that gamers download from the developers’ websites and applicable mobile operating systems, such as Apple Store or Android Google Play Store. | $32 | +858% | $322M | $324M | ||||
| KFM Kingdom Holdings is a Hong Kong-listed manufacturer of precision metal stamping and metal lathing products, founded in 1987 and headquartered in Tsuen Wan, Hong Kong. The group makes stamped and turned metal components and the tooling behind them, with production in mainland China, and sells to manufacturers of electronics, telecommunications equipment, consumer products and other industrial goods. Customers order components to their own drawings, so the business works as a contract component supplier with revenue from product sales. Its shares are listed on the Hong Kong stock exchange under the code 3816. The group sells across mainland China and South East Asia and serves electronics manufacturers that need high-volume, tight-tolerance metal parts. | $1 | -- | $306M | $313M | ||||
| ZO Future Group is an investment holding company principally engaged in the operation of the football club in the United Kingdom. The activity of the company includes offering season and match day tickets, television broadcasting, and local media businesses. Its segments are the operation of a professional football club; new energy automobiles and related business; Investment in properties; and healthcare business. The company's activity functions in the United Kingdom and it generates revenue through corporate hospitality income, merchandising income, sponsorship income, and conference income. The company generates the majority of its revenue from the operation of a professional football club in the UK. | $0 | +19% | $296M | $310M | ||||
| TROOPS Inc is a conglomerate group of various businesses with its headquarters based in Hong Kong. The group is principally engaged in money lending business in Hong Kong providing mortgage loans to high quality target borrowers, property investment to generate additional rental income and the development, operation and management of an online financial marketplace that provides one-stop financial technology solutions including API services by leveraging artificial intelligence, large data and blockchain, and cloud computing (SaaS). It derives revenue from Hong Kong and Australia. Majority of its revenue generates from domestic market. | $2 | +54% | $269M | $265M | ||||
| Super X AI Technology Ltd is an AI infrastructure solutions provider. Through its subsidiaries, SuperX offers a comprehensive portfolio of proprietary hardware, advanced software, and end-to-end services for AI data centers. The Company's services include advanced solution design and planning, cost-effective infrastructure product integration, and end-to-end operations and maintenance. Its core products include high-performance AI servers, High-Voltage Direct Current (HVDC) solutions, high-density liquid cooling solutions, as well as AI cloud and AI agents. The Company serves institutional clients globally, including enterprises, research institutions, and cloud and edge computing deployments. | $6 | -91% | $258M | $155M | ||||
| Jacobson Pharma Corp Ltd is an investment holding company. It is principally engaged in the development, production, marketing, and sale of generic drugs. The company's operating segment includes Generic drugs; Branded healthcare, Wholesale, and retail The generic drugs segment develops, manufactures, and distributes a host of off-patent medicines for various therapeutic use. It generates maximum revenue from the Generic drugs segment. Geographically, it derives a majority of its revenue from Hong Kong and also has a presence in Mainland China, Macau, Singapore, and Other Countries. | $0 | -36% | $238M | $310M | ||||
| Boyaa Interactive International Ltd is an investment holding company. Along with its subsidiaries, the company is engaged in the development and operation of online card and board games, and is committed to promoting and developing Web3 game-related business. The group's reportable segments are the Online game related business and the Web3 related business. A majority of its revenue is generated from the Online game related business segment, which is engaged in mobile and computer games development, operations, and related advisory services. The Web3 related business segment is engaged in crypto-currencies related investments. Geographically, the group's operations are substantially located in the PRC (including Hong Kong). | $0 | -52% | $237M | $225M | ||||
| GIBO Holdings Ltd, along with its subsidiaries is focused on revolutionizing content creation and consumption through AI. The company acts as a integrated AIGC animation streaming platform with extensive functionalities provided to both viewers and creators that serves a broad community of young people across Asia to create, publish, share and enjoy AI-generated animation video content. | $87 | +58% | $227M | $344M | ||||
| Ming Shing Group Holdings Ltd is a holding company, which is principally operated through its indirectly wholly-owned Hong Kong Operating Subsidiaries, MS (HK) Engineering Limited and MS Engineering Co., Limited. It is engaged in wet trades works, such as plastering works, tile laying works, brick laying works, floor screeding works and marble works. the company is mainly engaged in private-sector projects in Hong Kong. Its private sector projects mainly involve private residential developments and commercial developments. The project owners of its private sector projects are generally property developers, and its customers are generally main contractors and wet trades work subcontractors engaged under such projects. It derives maximum revenue from Private sector. | $1 | -43% | $213M | $219M | ||||
| DL Holdings Group Ltd is an investment holding company. It operates in given segments that include Sales of apparel products, Financial services of the licensed business, Family office services business, Money lending services and Enterprise solutions services, Sales of apparel products. The company generates the majority of its revenue from Financial services which include the provision of financial advisory services; securities research services; securities trading and brokerage services; margin financing services; referral services; and investment management and advisory services to the customers. | $0 | -68% | $208M | $217M | ||||
| Eagle Nice (International) Holdings Ltd is an investment holding company based in Hong Kong. The company, along with its subsidiaries, is principally engaged in the manufacturing and trading of sportswear and garments. Some of the company's products include down Jackets, Tracksuits, Sweaters, and Sports pants, among others. Geographically, the company's reportable segments are Mainland China, the USA, Europe, South Korea, Japan, and Others. It derives a majority of revenue from Mainland China followed by the U.S. and Europe. | $0 | -24% | $203M | $308M | ||||
| Energy World Corp Ltd is an independent energy company engaged in the production and sale of power and natural gas. Its segments include Oil and gas in Australia, Oil and gas in Indonesia, Power in Indonesia, Project Development and Corporate. It operates in three countries, namely, the Philippines, Indonesia, Hong Kong, and Australia. The company earns the majority of its revenue from the Oil and gas segment of Indonesia. | $0 | +32% | $190M | $204M | ||||
| Mei Ah Entertainment Group Ltd is an investment holding company. The company's operating segment includes Channel operations; Film exhibition and film rights licensing and sub-licensing; Cinema operations; Concert performance and events organisation; and Subcontracting service income. The company generates maximum revenue from the Channel operations segment. The company also generates other income from Rental income from investment properties; and Management fee income. | $0 | +143% | $187M | $213M | ||||
| Alpha Technology Group Ltd operates through its subsidiaries, which are established cloud-based IT solution service providers in Hong Kong. Its Operating Subsidiaries utilize its analytic skills, programming skills, artificial intelligence technologies and technological know-how to provide comprehensive solutions designed to optimize the business performance of customers, meet various industry-specific operational challenges of customers and create new business opportunities for customers. The Operating Subsidiaries provide services for customers from a variety of industries, including consulting, real estate, architectural design, carpark management, electronic payment services, logistics, investments, retail, textiles, wholesale and distribution, etc. | $11 | -45% | $173M | $171M | ||||
| Amber International Holding Ltd is a Web3 financial solutions and infrastructure provider, operating under the brand name Amber Premium. It provides institutional market access, execution infrastructure, and investment solutions to help institutions and high-net-worth individuals optimize their digital asset portfolios. Amber Premium offers a regulated, scalable financial ecosystem powered by proprietary trading technology, AI-driven risk management, and quantitative algorithms across CeFi, DeFi, and OTC markets. | $2 | -5% | $166M | $122M | ||||
| YesAsia Holdings Ltd is an investment holding company principally engaged in the procurement and sale of fashion, lifestyle, and beauty products. The company operates its business through two segments: Fashion and Lifestyle and Beauty Products segment which is engaged in the sale of fashion, lifestyle, and beauty products on YesStyle and AsianBeautyWholesale platforms, and the Entertainment Products segment is engaged in the sale of entertainment products on YesAsia platform and through offline business to business (B2B) sales channel. The company mainly sells the products through online platforms, complemented by a portion of sales of entertainment products through offline B2B sales channels. | $0 | -43% | $154M | $172M | ||||
| Contel Technology Co Ltd is mainly engaged in sourcing and sale of integrated circuit (IC) products. It specializes in providing IC application solutions and IC-related services in five main categories: mobile devices and smart charging products; motor control; sensors and automation; light-emitting diode; radio frequency (RF) power. | -- | $0 | -- | $147M | $156M | |||
| Santech Holdings Ltd is a technology company focusing on exploring various opportunities in consumer technology, consumer healthcare and enterprise technology. It has two revenue segments Wealth management service and Asset management service. Key revenue is generated from Wealth management service. | $14 | +2452% | $122M | $111M | ||||
| CN Logistics International Holdings Ltd engages in the provision of comprehensive logistics services, comprising air freight forwarding services, distribution and logistics services, ocean freight forwarding services and cruise logistics services, with a primary focus on high-end fashion (luxury and affordable luxury), fine wine products. Its segments include Air freight segment, which derives maximum revenue provides freight forwarding services by air; Ocean freight segment provides freight forwarding services by ocean; Cruise logistics segment provides shipments of supplies for drydock project and cruise replenishment for cruise operators; and Distribution and logistics segment provides cost-effective supply chain solutions. Geographically, it derives maximum revenue from Mainland China. | $0 | -8% | $118M | $144M | ||||
| Happy City Holdings Ltd operates three all-you-can-eat hotpot restaurants and specializes in Thai and Japanese Hotpot under the brand names Thai Pot and Gyu! Gyu! Shabu Shabu in Hong Kong. These restaurants are located in Tsuen Wan in the New Territories, Mong Kok in Kowloon, and North Point on Hong Kong Island. The Company's of its operations are conducted in Hong Kong. | $4 | +32% | $118M | $119M | ||||
| Waton Financial Ltd is a holding company that operates its business through subsidiaries in the securities brokerage and distribution services, margin financing services, and other ancillary services business; Software licensing and related support services, including licensing of trading platform applications, upgrades and enhancements, maintenance; and other associated services to securities brokers and financial institutions. The group also provided software licensing and related support services, including licensing trading platform applications, and others. | $2 | -59% | $103M | $93M | ||||
| Television Broadcasts Ltd is a Hong Kong-based company whose activities involve terrestrial television broadcasting, together with program production and other television-related activities. Its operating segments include Hong Kong TV broadcasting, OTT Streaming, e-commerce business, Mainland China operations, and International operations. The company derives a majority of its revenue from the Hong Kong TV broadcasting segment, involving the broadcasting of television programs, commercials on terrestrial TV platforms, production of programs, online social media platforms, music entertainment, events, and digital marketing. The group derives revenue from Hong Kong and other countries, with which prime revenue being derived from Hong Kong. | $0 | -48% | $102M | $236M | ||||
| Asia Allied Infrastructure Holdings Ltd is an investment holding company. Its operating segments include Construction services; Property development and assets leasing; Professional services; Non-franchised bus services and Medical technology and healthcare. The group generates maximum revenue from the Construction services segment which includes the provision of construction and consultancy services in areas of civil engineering, electrical and mechanical engineering, foundation, and building construction mainly in Hong Kong. Geographically, it derives key revenue from Hong Kong. | -- | $0 | -- | $101M | $257M | |||
| Hong Kong Technology Venture Co Ltd is included in the business of Ecommerce business which cover end-to end online shopping platform operation (including fulfillment and logistics), multimedia production and other related services; and New venture projects performing research and development activities on technologies, and operating business by adopting the technologies globally; and research, development and provision of technology solutions as a service including end-to-end digital retailing and retail store automation. The company has two reporting segments: Hong Kong Ecommerce business and New Ventures and Technology business, out of which the Hong Kong Ecommerce business derives the maximum revenue. | $0 | -36% | $94M | $92M | ||||
| Ghost Studio Co Ltd is a entertainment company that produces games, webtoons, dramas and movies. It produces mobile/PC games such as casual games and casual slots and covers all over the world. | $7 | +23% | $88M | $26M | ||||
| Bluemount Holdings Ltd through its operating subsidiaries, it is a Hong Kong-based consulting and advisory and financial services provider, as well as trader of commodities such as luxury timepieces. The financial services includes underwriting and placing services, securities dealing and brokerage services, and asset management services. It provides comprehensive consulting and advisory services on business development strategies to its diverse clientele. Generally, the company provides consulting and advisory business for the following segments: Corporate Finance; and Strategic Communications. | $3 | +2% | $87M | $86M | ||||
| Newbridge Acquisition Ltd is a blank check company. | -- | $10 | -- | $77M | $77M | |||
| Diginex Ltd is an investment holding company. It engaged in providing Environmental, Social, and Governance (ESG) reporting solution services, advisory services, and developing customization solutions. It is a sustainable RegTech business that empowers businesses and governments to streamline ESG, climate, and supply chain data collection and reporting. The company utilizes blockchain, AI, machine learning, and data analysis technology to change and increase corporate regulatory reporting and sustainable finance transparency. Its solutions and services enable companies to collect, evaluate, and share sustainability data through easy-to-use software. | $1 | -99% | $69M | $64M | ||||
| Masterbeef Group is a full-service restaurant group in Hong Kong, specializing in Taiwanese hotpot and Taiwanese barbecue. The company operates restaurant outlets under the Master Beef and Anping Grill brands. The company operates under a single operating segment, that is the catering service. | $4 | -57% | $66M | $74M | ||||
| AsiaStrategy is a wholesaler engaged in trading, distribution, and retail of luxury watches of international brands. The Group sources its luxury watches from Europe, Singapore, Japan, and Hong Kong, then sells the goods to retail sellers and other distributors in the watch industry. | $2 | -52% | $61M | $57M | ||||
| PTL Ltd is a holding company. Through its subsidiaries, it is an established bunkering facilitator providing marine fuel logistics services for vessel refuelling, serving the Asia Pacific market. The company's services mainly involve facilitating with its suppliers to supply fuel for the use by the customers’ vessels at various ports along their voyages in the Asia Pacific region; arranging vessel refuelling activities at competitive pricing to the customers; offering trade credit to the customers for vessel refuelling; handling unforeseeable circumstances faced by the customers and providing contingency solutions to the customers on time; and handling disputes, mainly concerning quality and quantity issues on marine fuel. The company derives its maximum revenue from Hong Kong. | $9 | -28% | $59M | $58M | ||||
| New Century Logistics (BVI) Ltd is a freight forwarding service provider based in Hong Kong. The company offers air and ocean export and import freight forwarding services, including the sale of cargo space, cargo pickup, off-airport air cargo security screening, palletization, preparation of shipping documentation, arrangement of customs clearance, and cargo handling at ports. It provides a full range of logistics services supported by a robust international network that facilitates the movement of customers goods. Its services include Project Cargo, Warehousing & Distribution, Ocean Freight Import & Export, and Air Freight Import & Export. The company operates in the British Virgin Islands and Hong Kong, with the majority of its revenue generated from Hong Kong. | $17 | +385% | $55M | $58M | ||||
| Metalpha Technology Holding Ltd is a digital asset focused wealth management company. The company predominantly generates revenue from the execution of cryptocurrency-related transactions, which includes the issuance of derivative products to over-the-counter (OTC) clients and its proprietary trading activities. It has partnered with a crypto exchange to provide crypto derivative market-making services for its clients, facilitating the trading of crypto derivative products. In addition, the company also engages in providing traditional financial derivative products, and asset management services. It operates in a single segment which is the trading of proprietary digital assets and derivative contracts, and generates majority of its revenue from Hong Kong. | $1 | -65% | $48M | $50M | ||||
| Median | $2 | -12% | $1B | $1.8B | 2.7x | 6.8x |
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