AXG
SinkerSolowin Holdings · Financial Services · Hong Kong · $319M cap · $268K/day traded
$0.9361 -10.8% · close 12 Nov · scored 13 Nov
Sinker: Weak business, rich price and weak momentum. Nothing here to keep it afloat.
As of 13 Nov 2026, the MoatMap Score for Solowin Holdings (AXG) is 11/100, ranked against 25,000+ stocks in 38 markets (Quality 43, Value 39, Momentum 5, each scored against its sector).
Does the score work? Each tenth of the ranking, tracked monthly. See the record →
ABOUT SOLOWIN HOLDINGS
Read
Solowin Holdings is a financial services provider offering comprehensive brokerage services, including securities trading, futures brokerage, and asset management in Hong Kong. It operates in a competitive market by leveraging digital platforms and local market expertise to attract a diverse client base. The company is a regional financial services firm focused on the Hong Kong market, aiming for growth through digital innovation.
FINANCIAL SUMMARY (USD)
| Year | 2022 | 2023 | 2024 | 2025 | 2026 | CAGR | TTM |
|---|---|---|---|---|---|---|---|
| Revenue | 3.3M | 4.5M | 4.3M | 2.9M | 28.1M | 71.3% | 27.6M |
| EPS | -0.01 | 0.01 | -0.03 | -0.05 | -0.11 | — | — |
| Shares | 159.1M | 161.7M | 161.7M | 161.7M | 189.0M | +18.8% | — |
| Debt | 98.0K | 0.3M | 1.1M | 1.1M | 7.7M | 197.6% | 7.7M |
| Equity | 2.0M | 3.3M | 8.9M | 4.7M | 25.2M | 88.4% | — |
| Op CF | -5.7M | -0.4M | -5.6M | -1.1M | -15.3M | — | -15.3M |
| Inv CF | 0.1M | 0.2M | -1.4M | 0.3M | 4.5M | — | — |
| Fin CF | 1.5M | -0.3M | 6.7M | 2.4M | 21.1M | — | — |
Made a new 52-week low in the latest session, 100% below its 52-week high. The fall has not stopped yet.
Swung more than 99% of stocks we rank over the past year (volatility 143% a year).
How this is worked out
The Price check reads only the chart, the price side of the Momentum score in words; it is not the MoatMap Score.
- Still falling (this stock): It set a new 52-week low in the last two weeks, after a deep fall.
- Finding a floor: It fell hard, but has set no new low for more than two weeks.
- Turning up: It has climbed off its low and is back above a rising 50-day average.
- In an uptrend: It is near its 52-week high and above its 200-day average.
- No clear trend: None of the above: no recent deep fall and no steady climb.
- No read yet: Not enough price history yet: it needs a year of trading.
In past US falls, waiting for Turning up cut the chance of another 20% drop from 42% to 33%. Returns were no better, and 33% of turns failed.
The exact rules
Still falling is a new 52-week low in the last two weeks, at least 25% below the high, with the low set after the high. Finding a floor is the same fall with no new low in the last two weeks. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average, with the 50-day average above the 200-day, and within 15% of the high. No clear trend is everything else. No read yet is under 252 trading days of history, or missing data. A new state shows once it has held for three trading days.
In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn (the Turning up rule above) cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.
What it measures: how much the price moved day to day over the past year, scaled to a yearly figure (annualised volatility) and ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Financial Services, ranked by industry match, size, and score similarity. Cross-listings of AXG are excluded.
| Ticker | Company | Mkt Cap | Score |
|---|---|---|---|
| AXG | Solowin Holdings(you) | $319M | 11 |
| 3938.HK | LFG Investment Holdings Limited | $150M | 11 |
| BMHL | Bluemount Holdings Limited | $152M | 16 |
| 1611.HK | Bitfire Group Holdings Limited | $159M | 6 |
| MTC | MMTec, Inc. | $544M | 25 |
| 0863.HK | OSL Group Limited | $1.2B | 11 |
| WTF | Waton Financial Limited | $121M | 1 |
| 1104.HK | APAC Resources Limited | $317M | 42 |
| 8540.HK | Victory Securities (Holdings) Company Limited | $119M | 23 |
| 0218.HK | Shenwan Hongyuan (H.K.) Limited | $158M | 32 |
Peer medians: ROE 4.3% · P/E 9.7x · Gross margin 80.8%
Company Deep Dive
A 10,000-word report: the business and its segments, what management promised on earnings calls and whether it delivered, the competition, and how things could turn out.