Forward Fashion (International) Holdings Company Limited
Forward Fashion (International) Holdings Company Limited (HKSE: 2528) is trading at HK$0.87, about ₹11 at today's HKD/INR rate, as of 30 Sep 2026, 2:30 AM ET. Indian residents can buy Forward Fashion (International) Holdings from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
HK$0.87
Today's high
HK$0.88
52 week low
HK$0.20
52 week high
HK$1.02
2528 opened at HK$0.87, closed previously at HK$0.87, and has traded between HK$0.20 and HK$1.02 over the past 52 weeks.
About
Forward Fashion (International) Holdings Company Limited operates within the retail sector, primarily focusing on fashion apparel. Its extensive operations cover Macau, Mainland China, Hong Kong, Taiwan, and various other international markets. The company manages a portfolio of proprietary fashion brands, including UM, UM Junior, UM.IXOX, IXOX, and WF Fashion, which are sold through dedicated brand stores. Beyond clothing, its offerings have expanded to encompass footwear, cosmetics and skincare products, designer home accessories, artistic ornaments, and various other lifestyle items, distributed both through its physical retail outlets and online platforms. As of December 31, 2021, the firm maintained a significant retail footprint of 216 self-operated stores, segmented into 190 mono-brand boutiques and 26 multi-brand concept stores. Established in 2005, Forward Fashion (International) Holdings Company Limited has its corporate headquarters situated in Tsim Sha Tsui, Hong Kong.
Key statistics
Avg. volume
107.20K
Market cap
HK$346.00M
P/E Ratio
3.93
Price-to-sales ratio
0.41
Enterprise value
HK$181.23M
Free cash flow yield
148.92%
Debt-to-equity ratio
0.43
Return on equity
27.11%
ROIC
15.80%
Beta
0.18
Dividend yield
0.00%
Last dividend
HK$0.00
Financial overview
Revenue
HK$870.17M
Earnings per share
HK$0.14
Free cash flow
HK$166.80M
Net profit margin
10.66%
Gross margin
48.47%
EBITDA
HK$110.90M
Revenue growth
-7.26%
Similar securities
This is not an investment recommendation
How to buy Forward Fashion (International) Holdings from India
Indian residents can buy Forward Fashion (International) Holdings 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 Forward Fashion (International) Holdings and place an order
Find Forward Fashion (International) Holdings by name or by its ticker, 2528, and choose an order type. Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share. Forward Fashion (International) Holdings trades 7:00 am – 1:30 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Forward Fashion (International) Holdings position in HKD and INR. Forward Fashion (International) Holdings 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 Forward Fashion (International) Holdings from India
Trading and taxes when buying Forward Fashion (International) Holdings 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
- NoneForward Fashion (International) Holdings 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 Forward Fashion (International) Holdings stock?
Yes. Forward Fashion (International) Holdings (2528) has been listed on the Hong Kong Stock Exchange since 2020, in the Apparel - Retail 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 Forward Fashion (International) Holdings share cost in rupees?
One Forward Fashion (International) Holdings share is HK$0.87 — about ₹11 at an HKD/INR rate of 12.24 on 29 Sep 2026. Both the Forward Fashion (International) Holdings 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 Forward Fashion (International) Holdings 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 Forward Fashion (International) Holdings?
Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share.
How are gains on Forward Fashion (International) Holdings 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 Forward Fashion (International) Holdings price. Paasa issues a capital-gains statement for your return.
Does Forward Fashion (International) Holdings pay a dividend?
No. Forward Fashion (International) Holdings 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 Forward Fashion (International) Holdings 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 Forward Fashion (International) Holdings shares held from India?
Hong Kong has no estate duty.
Do I have to declare Forward Fashion (International) Holdings 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 Forward Fashion (International) Holdings holding, its cost and its closing value.
How do I sell Forward Fashion (International) Holdings 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.