LinkedIn
WebsiteIntroduction
POWELL MAX LIMITED (ticker: PMAX) is a Hong Kong–headquartered holding company offering financial communications services, including financial printing, corporate reporting, and language support. Its Class A ordinary shares trade on the NASDAQ Capital Market under the symbol PMAX. As of October 14, 2025, the stock closed at USD 2.7199, reflecting a 27.47% decline on the day, with a trading volume of 215,152 shares.
Corporate Structure
Founded on January 8, 2019, by Leung Po Man, Powell Max operates through a subsidiary that delivers compliance and transaction-related communications for corporate clients and their advisors. The company is led by CEO Tsz Kin Wong and maintains its principal offices in Hong Kong. Public filings do not disclose the total number of employees or detailed management bios beyond the CEO’s role.
Financial Communications by Flemming Fuchs
Developments and News
- September 2024: Powell Max completed a listing of 1,426,750 Class A shares on NASDAQ at USD 4.00 per share, raising approximately USD 5 million in gross proceeds.
- January 15, 2025; March 11, 2025; April 28, 2025; September 23, 2025: The company issued several press releases via Globe Newswire concerning business updates and service expansions.
- October 14, 2025: The share price fell to USD 2.7199 from a previous close of USD 3.75, with trading activity showing a session low of USD 2.8102 and a high of USD 3.12.
Financial and Strategic Analysis
Powell Max’s most recent trailing twelve-month (TTM) financial data show:
| Metric | Value |
|---|---|
| Revenue (TTM) | USD 37.67 million |
| Net Income (TTM) | –USD 39.22 million |
| Diluted EPS (TTM) | –2.56 |
| Profit Margin | –104.11% |
| Return on Assets (TTM) | –52.66% |
| Return on Equity (TTM) | –340.91% |
| Price/Sales (TTM) | 1.08 |
| Price/Book (MRQ) | 1.08 |
| Total Cash (MRQ) | USD 9.81 million |
| Total Debt/Equity (MRQ) | 25.66% |
| Levered Free Cash Flow (TTM) | –USD 37.81 million |
The enterprise value stands at approximately USD 41.80 million, consistent with a market capitalization near USD 41.71 million. The company reported a net loss over the past year, amid ongoing investments in infrastructure related to its services.
Market Position and Industry Context
Powell Max competes in the financial communications market in the Asia-Pacific region, serving corporate issuers and intermediaries. The sector includes established print and digital communication firms; Powell Max's scale is modest in comparison, with average daily trading volumes around 554,070 shares over the past 30 days, compared to 215,152 shares on October 14, 2025. The stock’s 52-week range spans USD 1.8720 to USD 31.9200, indicating varying levels of volatility since its listing.
tl;dr
On October 14, 2025, PMAX shares declined by 27.47% to USD 2.7199 amid significant trading volume. Technical indicators suggest initial support near USD 2.18; breaching that level could prompt additional selling. Key resistance levels are noted at approximately USD 6.00 and USD 10.00. Investors may monitor upcoming corporate announcements and trading volumes for signs of stabilization or renewed interest.
