Silkwave Inc
Silkwave Inc (HKSE: 471) is trading at HK$0.12, about ₹1 at today's HKD/INR rate, as of 24 Sep 2026, 4:08 AM ET. Indian residents can buy Silkwave from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
HK$0.11
Today's high
HK$0.12
52 week low
HK$0.06
52 week high
HK$7.00
471 opened at HK$0.12, closed previously at HK$0.12, and has traded between HK$0.06 and HK$7.00 over the past 52 weeks.
About
Established in 2005 and headquartered in Hong Kong, Silkwave Inc operates as an investment holding company primarily focused on convergent mobile multimedia broadcasting (CMMB). Its activities span mainland China, the United States, and Taiwan. Formerly known as CMMB Vision Holdings Limited, the company adopted its current name in August 2022. Silkwave Inc's operations are divided into two main segments: the CMMB Business, which handles the transmission and broadcast of television programs, and the Trading Business, which specializes in the commerce of printed circuit board materials. The company also provides satellite infotainment multimedia technology and services for vehicles and maritime applications, alongside general satellite services. Its diverse customer base includes LPTV programmers, electronic manufacturers, and satellite communication enterprises.
Key statistics
Avg. volume
3.54M
Market cap
HK$56.13M
P/E Ratio
-1.99
Price-to-sales ratio
0.47
Enterprise value
$6.19M
Free cash flow yield
-40.18%
Debt-to-equity ratio
0.15
Return on equity
-7.73%
ROIC
-0.82%
Beta
-0.59
Dividend yield
0.00%
Last dividend
HK$0.00
Financial overview
Revenue
$7.29M
Earnings per share
-$0.00
Free cash flow
-$2.81M
Net profit margin
-17.45%
Gross margin
15.29%
EBITDA
$1.39M
Revenue growth
14.01%
Similar securities
This is not an investment recommendation
How to buy Silkwave from India
Indian residents can buy Silkwave shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars and then to HKD.
Search for Silkwave and place an order
Find Silkwave by name or by its ticker, 471, and choose an order type. Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share. Silkwave trades 7:00 am – 1:30 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Silkwave position in HKD and INR. Silkwave pays no dividend today, so your filing is the capital-gains statement plus the Schedule FA holding line.
Read the full guide: how to invest in Silkwave from India
Trading and taxes when buying Silkwave from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm HKT
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- NoneSilkwave does not currently pay a dividend. If it starts, dividends are taxed at your slab rate in India.Dividend tax explained
- Estate or inheritance tax
- May applyHong Kong has no estate duty.Estate tax explained
Custody. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
Can Indian residents buy Silkwave stock?
Yes. Silkwave (471) has been listed on the Hong Kong Stock Exchange since 2005, in the Technology Distributors industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars and then to HKD. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
How much does one Silkwave share cost in rupees?
One Silkwave share is HK$0.12 — about ₹1 at an HKD/INR rate of 12.23 on 26 Sep 2026. Both the Silkwave price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying Silkwave from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
What is the minimum I can buy of Silkwave?
Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share.
How are gains on Silkwave shares taxed in India?
Hong Kong generally does not levy capital gains tax on non-resident individual investors for HKEX-listed stocks, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the HKD/INR rate on the purchase and the sale date, so the rupee move counts alongside the Silkwave price. Paasa issues a capital-gains statement for your return.
Does Silkwave pay a dividend?
No. Silkwave does not currently pay a dividend, so holding it produces no dividend income to declare in India. If it starts paying one, the Indian treatment is the usual one — dividends are taxed at your slab rate in India — and Paasa's dividend report would show the gross amount and any tax withheld.
When can I trade Silkwave from India?
The Hong Kong Stock Exchange trades 7:00 am – 1:30 pm IST in Indian time. It also halts for lunch, 9:30 am – 10:30 am IST. Orders can only execute during that window.
Is there estate or inheritance tax on Silkwave shares held from India?
Hong Kong has no estate duty.
Do I have to declare Silkwave shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your Silkwave holding, its cost and its closing value.
How do I sell Silkwave and bring the money back to India?
You sell during market hours (7:00 am – 1:30 pm IST) and the proceeds settle in HKD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.