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We are excited to present First Asia Holdings Limited (OTC: FAHLF).

Full DD Report for FAHLF

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Last 5 Days Trading Activity

DateOpen PriceClose PriceHighLowVolume
2018-12-10N/A1.68N/AN/A0
2018-12-07N/A1.68N/AN/A0
2018-12-06N/A1.68N/AN/A0
2018-12-05N/A1.68N/AN/A0
2018-12-04N/A1.68N/AN/A0

Last 5 Days Short Activity

DateShort VolumeTotal VolumeShort PercentageShort Indicator
2018-08-3095,5000.1636Cover
2018-07-167227226.4706Cover
2018-07-13189291.9376Cover
2018-07-059,85033,30029.5796Cover
2018-07-02118118100.0000Short

* Cover Mode

Short Analysis provided by Squeeze Report. Get a complete short report on FAHLF.


About First Asia Holdings Limited (OTC: FAHLF)

Logo for First Asia Holdings Limited (OTC: FAHLF)

During the year ended September , , the principal activities of the major subsidiaries are as follows: Regulated money lending business in Hong Kong Our regulated money lending business in Hong Kong is carried on by our wholly owned subsidiary, First Asia Finance Limited FAF . FAF has obtained the Money Lenders License for carrying on money lending business in Hong Kong. We have to renew our license with Hong Kong Government every year. We are in a competitive market with growing demand for short term funding. Our business has benefited from the fact that commercial banks have implemented relatively stringent credit policies to small and medium sized enterprises and private individuals. Companies and individuals who fail to obtain funding from banks have turned to us for short term funding to meet their immediate needs. FAF s main target customers are those who are unable to obtain bank loans for a number of reasons e.g. lack of verifiable income proof. Our lending policy is relatively less stringent than banks but is nonetheless effective in minimizing our credit risk. For example, we will carefully consider the granting of loans to such individuals by taking into account their existing assets as collateral to the loan and our ability to impose charges on those assets. Potential borrowers are interviewed and we will investigate into their credit history, income source, and overall ability to repay loan. FAF grants collateral backed loans in respect of assets that can be easily identified, accurately valued and legally charged. In most cases, we accept real estate including buildings and land use rights as collateral from small and medium sized enterprises and private individuals. We target at low to medium risk borrowers and interest rates will be charged up to the statutory cap of per annum depending on the risk profile of a particular borrower. Construction business Our wholly owned subsidiary Hung Lee Development Limited HLD is primarily responsible for providing building design, construction and renovation services as well as construction related consultancy services to our customers. Prior to becoming a subsidiary of the Group, HLD has been the contractor of several luxury bungalow development projects in the rural area of Hong Kong. Licensing Out of First Asia Tower One of the major assets of our Group is the First Asia Tower FAT , located at No. , Fui Yiu Kok Street, Tsuen Wan, New Territories, Hong Kong. The subject property is a story building and is situated at the southeastern side of Fui Yiu Kok Street in the south eastern part of Tsuen Wan District, Hong Kong. Developments in the vicinity comprise newly built high rise residential towers. Tsuen Wan District is undergoing gradual transition with aged industrial buildings being redeveloped into high rise residential apartments or modern industrial and commercial office buildings. This greatly increases the potential of appreciation of value of FAT. The management has granted a license to a third party to use the space of the Building since August with a monthly fee of US , . Regulated real estate agency business Our regulated real estate agency business in Hong Kong is carried on by our owned subsidiary, First Asia Estate Limited FAE . FAE has obtained the Real Estate Agency License for carrying on real estate agency business in Hong Kong. We have to renew our license with Hong Kong Government every year. Currently, the focus of our Group is not in this field. During the current year, this segment has been dormant.

 

 

 

Current Management

  • Luk Lai Ching Kimmy / CEO, COO
  • Luk Lai Ching Kimmy / Chairman
  • Man Tung Yee Tony /

Current Share Structure

  • Market Cap: $87,471,481 - 03/16/2018
  • Authorized: 38,533,692 - 01/17/2017
  • Issue and Outstanding: 38,533,692 - 12/22/2016

 


Recent Filings from (OTC: FAHLF)

Report of unscheduled material events or corporate changes.
Filing Type: 8-KFiling Source: edgar
Filing Date: November, 30 2017
Report of unscheduled material events or corporate changes.
Filing Type: 8-KFiling Source: edgar
Filing Date: November, 21 2017
Report of unscheduled material events or corporate changes.
Filing Type: 8-KFiling Source: edgar
Filing Date: November, 13 2017

 

 


Daily Technical Chart for (OTC: FAHLF)

Daily Technical Chart for (OTC: FAHLF)


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The Research: All source information contained in this email is from the public sources mentioned below.

 

 
 

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Disclaimer: DD Report publishes reports providing information on selected companies. DD Report is not a registered investment advisor or broker-dealer. This report is provided as an information service only, and the statements and opinions in this report should not be construed as an offer or solicitation to buy or sell any security. DD Report accepts no liability for any loss arising from an investors reliance on or use of this report. An investment in FAHLF is considered to be highly speculative and should not be considered unless a person can afford a complete loss of investment. DD Report has received no compensation for the publication and circulation of this report. DD Report does not own any shares of FAHLF and does not buy, sell, or trade any shares of FAHLF. This report contains forward-looking statements, which involve risks, and uncertainties that may cause actual results to differ materially from those set forth in the forward-looking statements. Copyright 2018 by DD Report. All rights reserved. Our Full Disclaimer: https://dd.report/disclaimer/