Hong Kong Stock Exchange · Communication Services
Invest in New Media Lab stock from India
Indian and foreign residents can buy New Media Lab (1284) shares directly through Paasa.
By Paasa · Updated
New Media Lab at a glance
- Price
- HK$0.57-HK$0.03 (4.24%)
- Market cap
- HK$339.00M
- Day range
- HK$0.57 – HK$0.59
- P/E
- —
- Dividend yield
- —
- Volume
- 135.00K
- 1 month
- -13.08%
- 6 months
- +59.15%
- YTD
- +50.67%
- 1 year
- +46.75%
- 5 years
- —
How to invest in New Media Lab from India
Step 1
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Step 2
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit, and Interactive Brokers converts the dollars to HKD when you buy.
Step 3
Search 1284 and buy
Find New Media Lab by name or by its ticker, 1284, and place your order. Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share.
Why invest in New Media Lab from India
What New Media Lab does
New Media Lab Limited, a digital media company, provides digital and print advertising products and services, and related businesses in Hong Kong. It offers advertising products and services, including display banners, advertorials and reviews, social newsfeeds, creative, and production and strategic services. New Media Lab operates in the Advertising Agencies industry within the Communication Services sector.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Frequently asked questions
Can I buy New Media Lab stock from India?
Yes. Indian residents and NRIs can buy New Media Lab (1284) shares directly through Paasa. New Media Lab is listed on the Hong Kong Stock Exchange, in the Advertising Agencies industry. Your money leaves India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name at Interactive Brokers.
Do I need to buy a full New Media Lab share?
Usually more than one, and not a fraction: many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share. At HK$0.57 a share, size the order by the lot, not by the share.
What tax do I pay in India when I sell New Media Lab shares?
Hong Kong generally does not levy capital gains tax on non-resident individual investors for HKEX-listed stocks. In India, gains on shares held for more than 24 months are long-term and taxed at 12.5%, and gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. Both are worked out in rupees at the HKD/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.
Would my heirs owe estate tax on New Media Lab shares?
Hong Kong has no estate duty. That is the source-country side; the shares themselves pass on like any other asset you hold in your own name.