Hong Kong Stock Exchange · Consumer Defensive
Invest in Major stock from India
Indian and foreign residents can buy Major (1389) shares directly through Paasa.
By Paasa · Updated
Major at a glance
- Price
- HK$0.54-HK$0.04 (6.14%)
- Market cap
- HK$296.57M
- Day range
- HK$0.53 – HK$0.57
- P/E
- -162.12
- Dividend yield
- None
- Volume
- 168.00K
- 1 month
- +9.18%
- 6 months
- +101.89%
- YTD
- +37.18%
- 1 year
- -4.46%
- 5 years
- +51.68%
Major statements, FY2021–FY2025
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | HK$52.8M | HK$58.0M | HK$63.0M | HK$74.4M | HK$107.8M |
| Gross profit | HK$6.4M | −HK$8.9M | HK$5.5M | HK$7.9M | HK$13.8M |
| Operating income | −HK$3.3M | −HK$13.3M | −HK$15.1M | −HK$15.9M | −HK$4.2M |
| Net income | −HK$1.9M | −HK$13.4M | −HK$15.7M | −HK$16.6M | −HK$8.7M |
| Earnings per share | −HK$0.00 | −HK$0.02 | −HK$0.04 | −HK$0.04 | −HK$0.02 |
| EBITDA | −HK$2.7M | −HK$10.8M | −HK$10.1M | −HK$11.1M | HK$2.2M |
| Total assets | HK$132.2M | HK$117.8M | HK$135.9M | HK$132.4M | HK$173.3M |
| Total debt | HK$685.0K | HK$1.2M | HK$4.8M | HK$12.1M | HK$23.6M |
| Cash and short-term investments | HK$4.9M | HK$11.5M | HK$26.4M | HK$5.9M | HK$7.2M |
| Shareholders' equity | HK$107.8M | HK$109.6M | HK$123.0M | HK$109.8M | HK$126.4M |
| Operating cash flow | −HK$5.3M | −HK$12.5M | HK$1.3M | HK$20.2M | −HK$3.5M |
| Free cash flow | −HK$5.3M | −HK$13.0M | HK$1.1M | HK$17.8M | −HK$3.5M |
| Capital expenditure | HK$0.0 | −HK$494.0K | −HK$161.0K | −HK$2.4M | −HK$36.0K |
Fiscal years as reported, the latest ending 31 Mar 2026. Figures in HKD; a dash means the provider reported nothing for that line.
Peer comparison
| Company | Ticker | Price | Market cap |
|---|---|---|---|
| Momentum Financial | 1152.HK | HK$0.19 | HK$668.06M |
| Ritamix Global | 1936.HK | HK$0.87 | HK$406.08M |
| Honworld | 2226.HK | HK$0.64 | HK$370.40M |
| Zhongzheng International | 0943.HK | HK$0.17 | HK$354.42M |
| Dimmi Life | 1667.HK | HK$0.37 | HK$350.40M |
| Besunyen | 0926.HK | HK$2.34 | HK$285.49M |
| Fujing | 2497.HK | HK$0.50 | HK$247.50M |
| Dynasty Fine Wines | 0828.HK | HK$0.17 | HK$243.65M |
Peers as grouped by the data provider. This is not an investment recommendation.
How to invest in Major from India
Step 1
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Step 2
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit, and Interactive Brokers converts the dollars to HKD when you buy.
Step 3
Search 1389 and buy
Find Major by name or by its ticker, 1389, and place your order. Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share.
Why invest in Major from India
What Major does
Operating as an investment holding company, Major Holdings Limited primarily focuses on the importation and distribution of high-quality wines and spirits throughout Hong Kong. The company's diverse portfolio includes various types of wine, such as red, white, and sparkling varieties, in addition to sake, a selection of wine accessories, and other related goods. Major operates in the Beverages - Wineries & Distilleries industry within the Consumer Defensive sector.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Frequently asked questions
Can I buy Major stock from India?
Yes. Indian residents and NRIs can buy Major (1389) shares directly through Paasa. Major is listed on the Hong Kong Stock Exchange, in the Beverages - Wineries & Distilleries industry. Your money leaves India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name at Interactive Brokers.
Do I need to buy a full Major share?
Usually more than one, and not a fraction: many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share. At HK$0.54 a share, size the order by the lot, not by the share.
What tax do I pay in India when I sell Major shares?
Hong Kong generally does not levy capital gains tax on non-resident individual investors for HKEX-listed stocks. In India, gains on shares held for more than 24 months are long-term and taxed at 12.5%, and gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. Both are worked out in rupees at the HKD/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.
Would my heirs owe estate tax on Major shares?
Hong Kong has no estate duty. That is the source-country side; the shares themselves pass on like any other asset you hold in your own name.