Quest Investments’s 60%-owned stockbrokerage subsidiary, Quest Stockbrokers (HK) Limited (“QSB”), trades in the world market on a short term basis, it utilises and watches current market trends to trade and earn profit on the markets.
QSB this year benefited from a combination of strong stock market performances in most
Asian-Pacific countries for a greater part of the financial year and a significant fall in
operating expenses. Gearing levels were substantially reduced following a large
repayment to a major financial institution.
QSB’s commission income registered a near 2-fold increase to reach $992,768 compared
to $336,771 in the previous year. A significant fall of over 70% in interest expense
coupled with substantial fall in primary operating expenses contributed to a major
turn-around in QSB’s performance.