Troops, Inc. /Cayman Islands/ (NASDAQ: TROO)

Troops, Inc., or TROO, is a company based in the Cayman Islands with operations spanning the technology and financial sectors. It has established a presence in various countries, including Hong Kong, China, and the British Virgin Islands.

The company's main business activities revolve around its subsidiaries and investments. Its core manufacturing facility, Honesty Group, is a significant contributor to its revenue. Honesty Group, acquired by Apex in 2011, specializes in the production of LCD/LED display products. Post-acquisition, Troops retained a portion of Honesty Group's customers, brand names, and nationwide distribution network. The company also generates revenue through its investments in other companies, such as SGOCO International, which operates in the development, branding, marketing, and distribution of LCD/LED display products.

Troops has expanded its reach and revenue streams through strategic acquisitions and investments in companies like Boca International Limited, Century Skyway Limited, and Paris Sky Limited, among others. These moves have strengthened its presence in the financial and technology sectors.

The company's money lending business, conducted through its subsidiaries Giant Credit Limited and First Asia Finance Limited, is a significant aspect of its financial operations. Both companies are licensed money lenders in Hong Kong, providing personal and corporate loans to clients. This business has seen consistent growth in personal loans and corporate loans receivable, along with satisfactory interest income.

Troops also has a stake in the property market, with investments in four real properties in Hong Kong and a 19-storey building. These properties generate additional rental income, contributing to the company's cash flow. The company's property management team, with expertise in rental management, operates in a cost-effective manner.

In the technology sector, Troops' subsidiary, Giant Financial Services Limited, operates an online financial marketplace. This platform connects financial institutions and users worldwide via a unique mobile application. The company's fintech service and IT support service business aim to create recurring and growing revenue streams and larger market shares for businesses, while fostering trust and confidence in investors and consumers.

Troops' competitive advantages lie in its strong brand presence in the technology and financial sectors, its established relationships with customers and partners, and its focus on innovation and technology. The company's diverse customer base spans individuals and businesses in the technology and financial sectors, primarily located in Hong Kong, China, and other parts of Asia, with a presence in other regions as well.

In terms of its products and services, Troops' brand names and trade names include Honesty Group and its LCD/LED display products, the online financial marketplace by Giant Financial Services Limited, and the money lending services provided by Giant Credit Limited and First Asia Finance Limited. These brands and services underscore the company's commitment to technology and financial services, reinforcing its position in these sectors.