Search Follow us
Refine By

Stock Exchange


Type of Publication

takung art

1 - 4 of 4
Sort by: popularity | newest
Page  of 1
Takung Art

Pausing new listings

Update | Media | 16 Aug 2018

Takung’s H118 results show good progress in the number of new listings, with accompanying fees up 137% on the comparative period. Patterns in commission revenue reflect the previously announced shift in emphasis towards the retail market. In light of the disruption to online transactions in China as a result of contagion from problems in peer-to-peer lending, management has decided to pause new listings for Q3 and possibly beyond, with some associated internal restructuring. We have reduced our FY18 and FY19 forecasts accordingly. The group had $10.2m of net cash at the period end, giving it plenty of resource to ride out short-term volatility.

Takung Art

Growing the retail base

Update | Media | 22 May 2018

Takung Art’s Q118 results show it is making progress at reorienting its user base more towards the retail market, which significantly increases its potential reach. There has also been some success in the quarter in increasing the average listing values of the items listed on the trading platform and in diversifying the offering, with five new pieces of sports memorabilia listed in the period. The FY17 reconstruction makes direct comparison with Q117 figures of limited use. The share price is yet to reflect the scale or quality of the potential opportunity.

Takung Art

Executive interview - Takung Art

Edison TV: | Media | 24 Apr 2018

CFO Leslie Chow outlines Takung Art’s business model and operational reach. He describes how the business has developed over recent months and where he sees the most attractive opportunities for future growth in terms of offering and geography.

Takung Art

A piece of the art action

Initiation | Media | 11 Apr 2018

Takung Art’s online art trading platform has already established its proof of concept. The business model has been honed over recent months, with consequent impact on the financial results for FY17. However, the fundamentals are very attractive, based on the rapidly growing Chinese middle class with its strong appetite for art, collecting and shared ownership. Introducing other collectibles, such as sporting memorabilia, and adding C2C trading is also set to drive top-line growth. Takung has built a scalable platform that should support this broader and more international vision. The share price does not yet reflect this potential.