Frontage Holdings Corporation
Frontage Holdings Corporation (HKSE: 1521) is trading at HK$1.11, about ₹14 at today's HKD/INR rate, as of 24 Sep 2026, 3:18 AM ET, up 2.31% today. Indian residents can buy Frontage from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
HK$1.10
Today's high
HK$1.11
52 week low
HK$0.68
52 week high
HK$1.36
1521 opened at HK$1.10, closed previously at HK$1.08, and has traded between HK$0.68 and HK$1.36 over the past 52 weeks.
About
Frontage Holdings Corporation functions as a contract research organization (CRO), delivering a broad spectrum of laboratory and associated services to the pharmaceutical, biotechnology, and agrochemical sectors, alongside performing vital bioequivalence assessments. The company's diverse service portfolio includes specialized laboratory testing, covering method development, validation, sample analysis, and central laboratory operations. They also provide Chemistry, Manufacturing, and Control (CMC) support, assisting with drug product development and analysis, as well as the provision of clinical trial materials. Furthermore, Frontage offers Drug Metabolism and Pharmacokinetics (DMPK) services, encompassing study design, execution, and data interpretation for tasks such as structural optimization in early discovery, pharmacokinetic studies in rodents, and non-GLP bioanalytical analyses. Their capabilities extend to comprehensive safety and toxicology evaluations through both in vitro and in vivo studies, as well as robust bioequivalence (BE) services from design through reporting. Additionally, the company undertakes chemistry services, including contract research and custom synthesis, and provides an array of clinical services like early-stage clinical trials, BE/BA studies, biometrics, and data management. Frontage maintains a global operational footprint, with a presence in the United States, the People's Republic of China, Europe, India, Japan, South Korea, and Australia. Established in 2018 and headquartered in Exton, Pennsylvania, Frontage Holdings Corporation is a subsidiary of Hongkong Tigermed Co., Limited.
Key statistics
Avg. volume
239.15K
Market cap
HK$2.24B
P/E Ratio
27.09
Price-to-sales ratio
1.03
Enterprise value
$391.29M
Free cash flow yield
12.81%
Debt-to-equity ratio
0.40
Return on equity
3.02%
ROIC
2.83%
Beta
0.23
Dividend yield
0.00%
Last dividend
HK$0.00
Financial overview
Revenue
$256.69M
Earnings per share
$0.00
Free cash flow
$32.27M
Net profit margin
3.82%
Gross margin
25.79%
EBITDA
$41.86M
Revenue growth
0.70%
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This is not an investment recommendation
How to buy Frontage from India
Indian residents can buy Frontage 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 Frontage and place an order
Find Frontage by name or by its ticker, 1521, and choose an order type. Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share. Frontage trades 7:00 am – 1:30 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Frontage position in HKD and INR. Frontage 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 Frontage from India
Trading and taxes when buying Frontage 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
- NoneFrontage does not currently pay a dividend. If it starts, dividends are taxed at your slab rate in India.Dividend tax explained
Custody. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
Can Indian residents buy Frontage stock?
Yes. Frontage (1521) has been listed on the Hong Kong Stock Exchange since 2019, in the Biotechnology 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 Frontage share cost in rupees?
One Frontage share is HK$1.11 — about ₹14 at an HKD/INR rate of 12.23 on 26 Sep 2026. Both the Frontage 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 Frontage 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 Frontage?
Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share.
How are gains on Frontage 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 Frontage price. Paasa issues a capital-gains statement for your return.
Does Frontage pay a dividend?
No. Frontage 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 Frontage 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 Frontage a Hong Kong SAR China company, and does that change how it is taxed?
Frontage trades on the Hong Kong Stock Exchange in HKD, but the company is domiciled in United States. Frontage trades as an ordinary share listed directly in Hong Kong, not a depositary receipt. Your India-side capital-gains treatment is the same either way.
Do I have to declare Frontage 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 Frontage holding, its cost and its closing value.
How do I sell Frontage 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.