Tariff Pause Fuels Hot China Stock Futu. Chart Signals Key Support Levels But Will Earnings Be The Catalyst?
- Futu Holdings provides a digital platform for trading stocks and other assets.
- 05/21/2025
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Futu to Report First Quarter 2025 Financial Results on May 29, 2025
- HONG KONG, May 15, 2025 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced that it will report its financial results for the first quarter ended March 31, 2025, before U.S. markets open on May 29, 2025.
- 05/15/2025
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Is Futu Holdings (FUTU) Stock Undervalued Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 05/08/2025
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FUTU or AMPL: Which Is the Better Value Stock Right Now?
- Investors interested in stocks from the Technology Services sector have probably already heard of Futu Holdings Limited Sponsored ADR (FUTU) and Amplitude, Inc. (AMPL). But which of these two stocks presents investors with the better value opportunity right now?
- 05/07/2025
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Are Business Services Stocks Lagging Amadeus IT Group (AMADY) This Year?
- Here is how Amadeus IT Group SA Unsponsored ADR (AMADY) and Futu Holdings Limited Sponsored ADR (FUTU) have performed compared to their sector so far this year.
- 04/30/2025
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OppFi Vs Futu Holdings: Which Fintech Player Holds More Potential?
- OPFI and FUTU are tech-driven companies that appeal to growth-focused investors. Let us see which one is a better investment.
- 04/28/2025
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Is Futu Holdings (FUTU) a Great Value Stock Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 04/22/2025
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FUTU vs. SPXC: Which Stock Is the Better Value Option?
- Investors interested in stocks from the Technology Services sector have probably already heard of Futu Holdings Limited Sponsored ADR (FUTU) and SPX Technologies (SPXC). But which of these two stocks is more attractive to value investors?
- 04/21/2025
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Futu Holdings Gains 59% in a Year: Should Investors Ride the Rally?
- Given FUTU's price surge, we evaluate its current position to recommend whether investors should buy it or let it go.
- 04/15/2025
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Is Amadeus IT Group (AMADY) Stock Outpacing Its Business Services Peers This Year?
- Here is how Amadeus IT Group SA Unsponsored ADR (AMADY) and Futu Holdings Limited Sponsored ADR (FUTU) have performed compared to their sector so far this year.
- 04/14/2025
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Futu Holdings Limited Announces Filing of Its Annual Report on Form 20-F for Fiscal Year 2024
- HONG KONG, April 14, 2025 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced it filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the Securities and Exchange Commission. The annual report can be accessed on the Company's investor relations website at ir.futuholdings.com.
- 04/14/2025
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New Strong Buy Stocks for April 11th
- ASLE, FUTU, QFIN, EE and DANOY have been added to the Zacks Rank #1 (Strong Buy) List on April 11, 2025.
- 04/11/2025
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Best Momentum Stocks to Buy for April 4th
- FUTU, TKOMY and SCGLY made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on April 4, 2025.
- 04/04/2025
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New Strong Buy Stocks for April 4th
- FRO, ESE, TKOMY, FUTU and SGHC have been added to the Zacks Rank #1 (Strong Buy) List on April 4, 2025.
- 04/04/2025
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Moomoo and the NY Mets Announce Strategic Partnership to Elevate Fans Experience to the Next Level
- JERSEY CITY, N.J., April 03, 2025 (GLOBE NEWSWIRE) -- Moomoo, a global investment and trading platform, is proud to announce a groundbreaking partnership with the New York Mets in a multiyear multimillion-dollar sponsorship. This collaboration is set to enhance the sports experience for fans, athletes, moomoo customers and New York tri-state area communities through creative initiatives and joint efforts.
- 04/03/2025
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Best Momentum Stocks to Buy for March 24th
- FUTU, IHS and IFNNY made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on March 24, 2025.
- 03/24/2025
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Is Futu Holdings (FUTU) Outperforming Other Business Services Stocks This Year?
- Here is how Futu Holdings Limited Sponsored ADR (FUTU) and Katapult Holdings, Inc. (KPLT) have performed compared to their sector so far this year.
- 03/24/2025
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New Strong Buy Stocks for March 24th
- IHS, HFWA, IFNNY, FUTU and VLY have been added to the Zacks Rank #1 (Strong Buy) List on March 24, 2025.
- 03/24/2025
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Best Value Stocks to Buy for March 24th
- KINS, FFBC and FUTU made it to the Zacks Rank #1 (Strong Buy) value stocks list on March 24, 2025.
- 03/24/2025
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Futu Holdings (FUTU) Upgraded to Buy: Here's What You Should Know
- Futu Holdings (FUTU) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
- 03/21/2025
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Why Chinese Tech Stocks Alibaba, Tencent, and Futu Holdings Plunged Today
- Shares of major Chinese tech and consumer stocks such as tech conglomerates Alibaba (BABA -4.32%) and Tencent (TCEHY -5.01%), as well as digital online broker Futu Holdings (FUTU -5.01%) were all falling today. They were down 4.3%, 5.6%, and 5.2%, respectively, as of 1:49 PM ET.
- 03/20/2025
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What To Do After Futu Holdings Stock Rallied
- Futu Holdings Limited posted strong Q4 2024 results, with revenue up 87.8% over the year, driving a $10 stock price gain. Despite a downgrade from Seeking Alpha's Quant rating, Futu's momentum in client acquisition and market expansion, especially in Hong Kong and Singapore, remains strong. Futu's strategic use of AI and diversified product offerings, including cryptocurrency and wealth management, aim to meet varied client demands and enhance satisfaction.
- 03/17/2025
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Analysts See Silver Lining For These Three Stocks Amid Trump Tariff Gloom
- Three stocks are setting up with rising profit estimates on Investor's Business Daily's stock screener. Futu and Atour are also on the IBD 50.
- 03/17/2025
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China Stocks Are Hot: These Five Are Near Buy Points
- Online giants JD.com and Alibaba are among Chinese stocks near buy points as stimulus hopes trump tariff fears. The post China Stocks Are Hot: These Five Are Near Buy Points appeared first on Investor's Business Daily.
- 03/16/2025
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Futu Holdings Limited (FUTU) Q4 2024 Earnings Conference Call Transcript
- Futu Holdings Limited (NASDAQ:FUTU ) Q4 2024 Earnings Conference Call March 13, 2025 7:30 AM ET Company Participants Daniel Yuan - Head, Strategy & IR Leaf Li - Chairman & CEO Arthur Chen - CFO Robin Xu - SVP Conference Call Participants Emma Xu - Bank of America Securities Cindy Wang - China Renaissance Chiyao Huang - Morgan Stanley Charles Zhou - UBS You Fan - CICC Peter Zhang - JP Morgan Zoey Zong - Jefferies Hanyang Wang - 86Research Alan Chan - Citi Jian Wang - Goldman Sachs Operator Hello, ladies and gentleman. Welcome to Futu Holdings Fourth Quarter and Full Year 2024 Earnings Conference Call.
- 03/13/2025
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Moomoo's Parent Company Futu Reports Strong Financial Growth for Q4 and Full Year 2024
- JERSEY CITY, N.J. , March 13, 2025 /PRNewswire/ -- Moomoo's parent company Futu Holdings Ltd.
- 03/13/2025
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Futu Announces Fourth Quarter and Full Year 2024 Unaudited Financial Results
- HONG KONG, March 13, 2025 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2024.
- 03/13/2025
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Why Chinese Stocks Futu, GDS Holdings, and New Oriental Education & Technology Rose Today
- Chinese stocks ripped higher today, as the Chinese government issued its gross domestic product (GDP) target for 2025 and detailed forthcoming stimulus it plans to inject into the country's ailing economy. Hong Kong's Hang Seng index rose 2.8%.
- 03/05/2025
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Futu: Still Positive Considering Fourth Quarter Expectations And Competitor Entry
- I maintain a Buy rating for Futu Holdings, as there are visible catalysts to drive an expansion of its P/E multiple. Strong trading volume in the Hong Kong market and the addition of new clients in Japan and Malaysia make a 4Q earnings beat for FUTU highly probable. Robinhood's entry into Asia is seen as a positive catalyst, highlighting Futu's valuation discount vis-à-vis the US broker.
- 02/27/2025
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Futu to Report Fourth Quarter and Full Year 2024 Financial Results on March 13, 2025
- HONG KONG, Feb. 25, 2025 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced that it will report its financial results for the fourth quarter and full year ended December 31, 2024, before U.S. markets open on March 13, 2025.
- 02/25/2025
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FUTU vs. IBTA: Which Stock Should Value Investors Buy Now?
- Investors interested in Technology Services stocks are likely familiar with Futu Holdings Limited Sponsored ADR (FUTU) and Ibotta (IBTA). But which of these two stocks is more attractive to value investors?
- 02/13/2025
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Why Chinese Stocks Alibaba, Futu Holdings, and Tencent Shook Off Inflation Concerns and Are Rising Today
- Despite a hotter-than-expected inflation report this morning, Chinese tech stocks shook off the bad news and marched higher. The beaten-down sector continues to advance since the emergence of China's DeepSeek artificial intelligence (AI) chatbot.
- 02/12/2025
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The Big 3: IBM, FUTU, AMAT
- Scot Bauer with @ProsperTradingAcademy calls the current market conditions "phenomenal" for traders. He talks about why he's keeping a close eye on IBM Corp. (IBM), Futu Holdings (FUTU) and Applied Materials (AMAT).
- 02/10/2025
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3 Relative Strength Stocks to Buy Now: IREN, SERV, FUTU
- While amateur investors often tune out during red markets, savvy investors understand the power of searching for relative strength and stocks bucking the market weakness. IREN, SERV, & FUTU are three such stocks.
- 02/07/2025
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FUTU or SYM: Which Is the Better Value Stock Right Now?
- Investors looking for stocks in the Technology Services sector might want to consider either Futu Holdings Limited Sponsored ADR (FUTU) or Symbotic Inc. (SYM). But which of these two stocks presents investors with the better value opportunity right now?
- 01/21/2025
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Moomoo Launches US Options Paper Trading Challenge, Co-branded with Nasdaq for Joint Promotion
- Win Prizes and Potentially Elevate Your Options Trading Expertise with Moomoo's Pro-Level Trading Platform Risk-Free JERSEY CITY, N.J. , Jan. 6, 2025 /PRNewswire/ -- Moomoo, the intuitive investment and trading platform that offers $0 commission options trading services [1], will launch an Options Paper Trading Challenge ("the Challenge") in the U.S. This presents an outstanding opportunity for U.S. investors to develop, showcase, and refine their trading strategies within a competitive, risk-free, and simulated market environment.
- 01/06/2025
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Futu Is A Buy As Dust Has Settled
- Futu Holdings is a strong buy due to impressive revenue and net income growth, despite regulatory challenges in mainland China. The company's international expansion under the Moomoo brand has diversified its revenue streams and reduced its dependence on the Chinese market. Futu's operating leverage and solid balance sheet, combined with a low forward PE ratio, present a compelling investment opportunity.
- 12/12/2024
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Why Chinese Stocks Tencent Holdings, Baidu, and Futu Holdings Rocketed Higher Today
- Shares of Chinese consumer tech-oriented names Tencent Holdings (TCEHY 5.77%), Baidu (BIDU 9.23%), and Futu Holdings (FUTU 22.47%) rocketed higher on Monday, up 5.5%, 10.1%, and 21.9% as of noon ET.
- 12/09/2024
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Trump Threatens Tariffs: Are Chinese Stocks Doomed?
- Despite tariff threats from the incoming Trump administration, Chinese equities are stabilizing. Cheap valuations, strong technicals, and low valuations make Chinese stocks a buy into 2025.
- 12/02/2024
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End of Year Rally: 3 Stocks to Watch (IDCC, FUTU, EXEL)
- As the calendar winds down, the stock market often heats up. The last five weeks of the year have historically shown a bullish seasonal pattern, fueled by holiday optimism, institutional portfolio adjustments, and a tendency for investors to position themselves for the upcoming year.
- 11/26/2024
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Best Momentum Stocks to Buy for November 26th
- MNDY, FUTU and VST made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on November 26, 2024.
- 11/26/2024
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Best Value Stocks to Buy for November 26th
- DFH, MRX and FUTU made it to the Zacks Rank #1 (Strong Buy) value stocks list on November 26, 2024.
- 11/26/2024
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FUTU or BRZE: Which Is the Better Value Stock Right Now?
- Investors interested in Technology Services stocks are likely familiar with Futu Holdings Limited Sponsored ADR (FUTU) and Braze, Inc. (BRZE). But which of these two stocks offers value investors a better bang for their buck right now?
- 11/25/2024
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Has Futu Holdings (FUTU) Outpaced Other Business Services Stocks This Year?
- Here is how Futu Holdings Limited Sponsored ADR (FUTU) and Willdan Group (WLDN) have performed compared to their sector so far this year.
- 11/22/2024
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Futu Holdings Limited (FUTU) Q3 2024 Earnings Call Transcript
- Futu Holdings Limited (NASDAQ:FUTU ) Q3 2024 Earnings Conference Call November 19, 2024 7:30 AM ET Company Participants Daniel Yuan - Head, Strategy & Investor Relations Leaf Li - Chairman & Chief Executive Officer Arthur Chen - Chief Financial Officer Conference Call Participants Cindy Wang - China Renaissance Chiyao Huang - MS You Fan - CICC Charles Zhou - UBS Emma Xu - Bank of America Securities Operator Hello, ladies and gentlemen. Welcome to Futu Holdings Third Quarter 2024 Earnings Conference Call.
- 11/19/2024
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Moomoo's Parent Company Futu Releases Q3 Earnings Result with US$442.3 Million in Total Revenues, a 29.6 % YoY Increase
- JERSEY CITY, N.J. , Nov. 19, 2024 /PRNewswire/ -- Moomoo's parent company Futu Holdings Ltd.
- 11/19/2024
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Futu Announces Third Quarter 2024 Unaudited Financial Results and Special Cash Dividend
- HONG KONG, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced its unaudited financial results for the third quarter ended September 30, 2024.
- 11/19/2024
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Are Business Services Stocks Lagging Futu Holdings (FUTU) This Year?
- Here is how Futu Holdings Limited Sponsored ADR (FUTU) and ICF International (ICFI) have performed compared to their sector so far this year.
- 11/06/2024
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Futu to Report Third Quarter 2024 Financial Results on November 19, 2024
- HONG KONG, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced that it will report its financial results for the third quarter ended September 30, 2024, before U.S. markets open on November 19, 2024.
- 11/05/2024
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All You Need to Know About Futu Holdings (FUTU) Rating Upgrade to Strong Buy
- Futu Holdings (FUTU) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
- 10/18/2024
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Futu Holdings (FUTU) Could Find a Support Soon, Here's Why You Should Buy the Stock Now
- After losing some value lately, a hammer chart pattern has been formed for Futu Holdings (FUTU), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.
- 10/18/2024
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TIXT vs. FUTU: Which Stock Is the Better Value Option?
- Investors interested in stocks from the Technology Services sector have probably already heard of Telus International (TIXT) and Futu Holdings Limited Sponsored ADR (FUTU). But which of these two companies is the best option for those looking for undervalued stocks?
- 10/16/2024
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Delek Logistics Partners, Futu Holdings, NetEase And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session
- U.S. stock futures were lower this morning, with the Dow futures falling around 50 points on Wednesday.
- 10/09/2024
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Popular Chinese Stocks Decline Pre-Market: BILI, FUTU, XPEV Suffer Major Losses
- In recent pre-market trading, several prominent Chinese stocks have experienced significant declines. Bilibili (BILI, Financial) saw its shares fall by more than 15%, indicating a possible shift in investor sentiment or market conditions affecting the company.
- 10/08/2024
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Chinese Stocks Surge: CTRP, LI, JD, FUTU, BABA, BIDU Post Gains
- Chinese stocks experienced significant gains. Notably, Trip.com Group (CTRP, Financial) saw its shares increase by 8%.
- 10/04/2024
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Why Futu Holdings Stock Was on Fire This Week
- The rocket fuel provided by the Chinese government's stimulus was only one factor in the company's pop.
- 10/03/2024
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Mixed Performance for Chinese Stocks with HXC Index Down 2.37%
- Major Chinese stocks listed in the U.S. showed mixed results in recent trading, with the Nasdaq Golden Dragon China Index (HXC) closing down 2.37%. Notable gainers included Taiwan Semiconductor Manufacturing Company (TSM), which rose 2.09%, and Futu Holdings (FUTU, Financial), which saw an impressive increase of 8.81%.
- 10/03/2024
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Q3 Review: Top Stock Market Trends
- The equity bull market continued in Q3. Stock Strategist Andrew Rocco breaks down key industry group moves such as AI, utilities, and space stocks.
- 10/01/2024
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Futu Holdings stock: is it safe to buy China's Robinhood?
- Futu Holdings (NASDAQ: FUTU) stock price has gone parabolic, rising for three straight weeks, reaching a high of $102.97, its highest point since September 2021. It has soared by over 75% this year, making it one of the best-performing companies in Wall Street.
- 10/01/2024
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Why Shares of Tencent, PDD, and Futu Are Rising Today
- The Chinese economy has struggled this year. Investors are split on where things go from here.
- 09/19/2024
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Futu Announces Investment Grade Rating Reaffirmed by S&P Global Ratings
- HONG KONG, Aug. 26, 2024 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced that S&P Global Ratings (“S&P”) maintained stable outlook on the long-term rating and reaffirmed the Company's long-term issuer credit rating at “BBB-”. Futu's securities firm in Hong Kong has a stand-alone credit profile of “bbb”.
- 08/26/2024
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Futu Holdings Limited (FUTU) Q2 2024 Earnings Call Transcript
- Futu Holdings Limited (NASDAQ:FUTU ) Q2 2024 Results Conference Call August 20, 2024 7:30 AM ET Company Participants Daniel Yuan - Investor Relations Leaf Li - Chairman and Chief Executive Officer Arthur Chen - Chief Financial Officer Robin Xu - Senior Vice President Conference Call Participants Cindy Wang - China Renaissance Chiyao Huang - MS You Fan - CICC Zoey Zong - Jefferies Emma Xu - Bank of America Securities Charles Zhou - UBS Peter Zhang - JPMorgan Hu Shen - CLSA Operator Hello, ladies and gentlemen, welcome to Futu Holdings Second Quarter 2024 Earnings Conference Call. [Operator Instructions].
- 08/20/2024
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Futu Holdings: Buying Its Client Base, Margin Compression
- Futu Holdings Limited stock was recommended for buying in the 50s and selling in the high 60s or 70s, with a long-term wealth building strategy. Q2 2024 key performance metrics showed strong growth in registered and paying clients, client assets, and total revenues for Futu Holdings. Despite impressive revenue and client growth, margin compression, high operating expenses, and minimal earnings growth keep the stock pinned.
- 08/20/2024
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Moomoo's Parent Company Futu Releases Q2 Earnings Result with US$400.7 Million in Total Revenues, a 25.9% Increase YoY
- JERSEY CITY, N.J. , Aug. 20, 2024 /PRNewswire/ -- Moomoo's parent company Futu Holdings Ltd.
- 08/20/2024
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Futu Announces Second Quarter 2024 Unaudited Financial Results
- HONG KONG, Aug. 20, 2024 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced its unaudited financial results for the second quarter ended June 30, 2024.
- 08/20/2024
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Online brokerages Futu, UP Fintech suspend night trading of U.S. stocks
- Online brokerages Futu Holdings and UP Fintech Holding , known for helping Chinese investors buy global stocks, have told clients that night trading of U.S. shares would be suspended on Tuesday after a surge in global market volatility.
- 08/06/2024
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Futu to Report Second Quarter 2024 Financial Results on August 20, 2024
- HONG KONG, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced that it will report its financial results for the second quarter ended June 30, 2024, before U.S. markets open on August 20, 2024.
- 08/06/2024
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FUTU vs. AMPL: Which Stock Is the Better Value Option?
- Investors with an interest in Technology Services stocks have likely encountered both Futu Holdings Limited Sponsored ADR (FUTU) and Amplitude, Inc. (AMPL). But which of these two stocks offers value investors a better bang for their buck right now?
- 07/29/2024
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5 High Earnings Yield Stocks Poised for Long-Term Gains
- Unlock your portfolio value with high earnings yield stocks like HBI, AXL, FUTU, NVGS and SM.
- 07/23/2024
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Moomoo Midyear 2024 Investor Survey Findings: Users Remain Slightly Bullish in 2024
- JERSEY CITY, N.J. , July 15, 2024 /PRNewswire/ -- The intuitive investment and trading platform moomoo has recently completed a 2024 second-quarter U.S. users survey.
- 07/15/2024
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FUTU vs. TRI: Which Stock Should Value Investors Buy Now?
- Investors looking for stocks in the Technology Services sector might want to consider either Futu Holdings Limited Sponsored ADR (FUTU) or Thomson Reuters (TRI). But which of these two companies is the best option for those looking for undervalued stocks?
- 07/10/2024
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Moomoo Announces Partnership with TradingView
- JERSEY CITY, N.J. , July 8, 2024 /PRNewswire/ -- The intuitive investment and trading platform moomoo , today announced its partnership with TradingView , a charting and trading platform and social network for traders and investors.
- 07/08/2024
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Futu Announces Uplift of Type 1 License to Include Virtual Asset Dealing Service
- HONG KONG, July 08, 2024 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced that its wholly-owned subsidiary, Futu Securities International (Hong Kong) Limited (“Futu Securities”), has upgraded its Type 1 license to include virtual asset dealing service by Hong Kong Securities and Futures Commission (SFC). This upgrade will enable Futu Securities to provide virtual asset dealing services to both retail and professional investors in Hong Kong.
- 07/08/2024
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Futu Announces Its Wealth Management Business Surpassing $10 billion in AUM
- HONG KONG, July 03, 2024 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced that its wealth management business has surpassed $10 billion in assets under management (“AUM”).
- 07/03/2024
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Is Futu Holdings (FUTU) Stock Outpacing Its Business Services Peers This Year?
- Here is how Futu Holdings Limited Sponsored ADR (FUTU) and Kyndryl Holdings, Inc. (KD) have performed compared to their sector so far this year.
- 06/28/2024
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FUTU or TRI: Which Is the Better Value Stock Right Now?
- Investors interested in Technology Services stocks are likely familiar with Futu Holdings Limited Sponsored ADR (FUTU) and Thomson Reuters (TRI). But which of these two companies is the best option for those looking for undervalued stocks?
- 06/24/2024
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Best Momentum Stocks to Buy for June 21st
- ASYS, FUTU and ING made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on June 21, 2024.
- 06/21/2024
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Futu Holdings (FUTU) Upgraded to Strong Buy: What Does It Mean for the Stock?
- Futu Holdings (FUTU) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
- 06/19/2024
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Futu Holdings (FUTU) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?
- After losing some value lately, a hammer chart pattern has been formed for Futu Holdings (FUTU), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.
- 06/18/2024
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Futu Announces HKD440 million Investment in Airstar Bank
- HONG KONG, June 07, 2024 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced that it had completed a HKD440 million investment in Gravitation Fintech HK Limited, the parent company of Airstar Bank, a Hong Kong licensed virtual bank. Following the investment, Futu has become the second largest beneficial owner holding indirectly 44.11% of Airstar Bank.
- 06/06/2024
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FUTU vs. ESTC: Which Stock Is the Better Value Option?
- Investors looking for stocks in the Technology Services sector might want to consider either Futu Holdings Limited Sponsored ADR (FUTU) or Elastic (ESTC). But which of these two stocks offers value investors a better bang for their buck right now?
- 06/06/2024
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Futu: Turning Bullish On Strong Customer Growth (Rating Upgrade)
- Futu Holdings' most recent quarterly financial performance surpassed expectations as the company's Q1 2024 revenue and earnings in HK$ terms beat consensus by +1.2% and +8.0%, respectively. Looking ahead, FUTU anticipates that the company can add 400,000 new paying customers this year, which is way better than the 220,000 new paid client additions it achieved last year. My rating for Futu Holdings is revised to a Buy, as I am impressed with the company's above-expectations results and upward client growth guidance revision.
- 05/28/2024
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Futu Holdings Limited (FUTU) Q1 2024 Earnings Call Transcript
- Futu Holdings Limited (NASDAQ:FUTU ) Q1 2024 Earnings Call Transcript May 28, 2024 7:30 AM ET Company Participants Daniel Yuan - Chief of Staff to CEO and Head of IR Leaf Li - Chairman and CEO Arthur Chen - CFO Conference Call Participants Chiyao Huang - Morgan Stanley Katherine Lei - JPMorgan Operator Hello, ladies and gentlemen, welcome to Futu Holdings First Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
- 05/28/2024
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Futu Announces First Quarter 2024 Unaudited Financial Results
- HONG KONG, May 28, 2024 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced its unaudited financial results for the first quarter ended March 31, 2024.
- 05/28/2024
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FUTU vs. CLBT: Which Stock Should Value Investors Buy Now?
- Investors interested in stocks from the Technology Services sector have probably already heard of Futu Holdings Limited Sponsored ADR (FUTU) and Cellebrite DI Ltd. (CLBT). But which of these two stocks offers value investors a better bang for their buck right now?
- 05/21/2024
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Futu to Report First Quarter 2024 Financial Results on May 28, 2024
- HONG KONG, May 15, 2024 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced that it will report its financial results for the first quarter ended March 31, 2024, before U.S. markets open on May 28, 2024.
- 05/15/2024
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Futu Announces Its Moomoo App Has Reached One Million Downloads in Japan
- HONG KONG, May 08, 2024 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced that its moomoo app has reached one million downloads in Japan, according to data.ai. Moomoo officially launched its brokerage business in Japan in September 2023. It started offering U.S. stock trading in the same month, and subsequently launched Japanese stock trading in Japan in March 2024.
- 05/08/2024
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Futu Holdings Limited Announces Filing of Its Annual Report on Form 20-F for Fiscal Year 2023
- HONG KONG, April 25, 2024 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced it filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the Securities and Exchange Commission. The annual report can be accessed on the Company's investor relations website at ir.futuholdings.com.
- 04/24/2024
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Futu Announces the Number of Its Clients in Malaysia Has Surpassed 100,000
- HONG KONG, April 24, 2024 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced the number of its clients in Malaysia has surpassed 100,000 on April 15, 2024. Futu officially launched its brokerage business in Malaysia on February 26, 2024.
- 04/24/2024
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FUTU or CLMB: Which Is the Better Value Stock Right Now?
- Investors interested in Technology Services stocks are likely familiar with Futu Holdings Limited Sponsored ADR (FUTU) and Climb Global Solutions (CLMB). But which of these two companies is the best option for those looking for undervalued stocks?
- 04/04/2024
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FUTU or CLMB: Which Is the Better Value Stock Right Now?
- Investors looking for stocks in the Technology Services sector might want to consider either Futu Holdings Limited Sponsored ADR (FUTU) or Climb Global Solutions (CLMB). But which of these two stocks presents investors with the better value opportunity right now?
- 03/19/2024
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Futu Holdings Ltd (FUTU) Q4 2023 Earnings Call Transcript
- Futu Holdings Ltd (NASDAQ:FUTU) Q4 2023 Earnings Conference Call March 14, 2024 7:30 AM ET
- 03/14/2024
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Moomoo's Parent Company Futu Holdings Reports US$303.8 M and US$1.281 B in Revenues for Q4 and for Full Year 2023
- JERSEY CITY, N.J., March 14, 2024 /PRNewswire/ -- Moomoo's parent company Futu Holdings Ltd.
- 03/14/2024
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Futu Announces Fourth Quarter and Full Year 2023 Unaudited Financial Results
- HONG KONG, March 14, 2024 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2023.
- 03/14/2024
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Futu to Report Fourth Quarter and Full Year 2023 Financial Results on March 14, 2024
- HONG KONG, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced that it will report its financial results for the fourth quarter and full year ended December 31, 2023, before U.S. markets open on March 14, 2024.
- 02/28/2024
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7 Terrific Tech Stocks to Buy Instead of the Magnificent 7
- The Magnificent 7 stocks – Apple (NASDAQ: AAPL ), Alphabet (NASDAQ: GOOG , NASDAQ: GOOGL ), Microsoft (NASDAQ: MSFT ), Amazon.com (NASDAQ: AMZN ), Meta Platforms (NASDAQ: META ), Tesla (NASDAQ: TSLA ) and Nvidia (NASDAQ: NVDA ) – have been the darlings of Wall Street for the past few years. And for good reason – they have dominated their markets and delivered outstanding returns for investors.
- 02/22/2024
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FUTU vs. PLTR: Which Stock Is the Better Value Option?
- Investors interested in stocks from the Technology Services sector have probably already heard of Futu Holdings Limited Sponsored ADR (FUTU) and Palantir Technologies Inc. (PLTR). But which of these two stocks offers value investors a better bang for their buck right now?
- 02/20/2024
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FUTU or PLTR: Which Is the Better Value Stock Right Now?
- Investors looking for stocks in the Technology Services sector might want to consider either Futu Holdings Limited Sponsored ADR (FUTU) or Palantir Technologies Inc. (PLTR). But which of these two stocks offers value investors a better bang for their buck right now?
- 02/01/2024
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This market is a ‘bear trap' so here's what to buy, strategist says
- Over the next five sessions investors will get earnings from about 23% of the S&P 500 SPX, though in terms of market weighting it's much more, with Microsoft MSFT, -0.23%, Apple AAPL, -0.90%, Amazon.com AMZN, +0.87%, Alphabet GOOGL, +0.21% and Meta Platforms META, +0.24% as a group accounting for nearly 24% of the benchmark's total valuation.
- 01/29/2024
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Here's why Futu, AMD, and LiveRamp stocks are rising
- American equities were in the red in the pre-market session as investors focused on the ongoing earnings season and the next actions by the Federal Reserve. Dow Jones dropped by 65 points, continuing a trend that has been happening this week.
- 01/18/2024
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FUTU vs. PLTR: Which Stock Is the Better Value Option?
- Investors with an interest in Technology Services stocks have likely encountered both Futu Holdings Limited Sponsored ADR (FUTU) and Palantir Technologies Inc. (PLTR). But which of these two companies is the best option for those looking for undervalued stocks?
- 01/16/2024
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3 China-Based Stock Making Big Moves Today
- The shares of Alibaba Group Holding Inc Ltd (NYSE:BABA), JD.com Inc (NASDAQ:JD), and Futu Holdings Ltd (NASDAQ:FUTU) are all moving higher today, after overseas traders invested heavily in Chinese stocks due to policy expectations and low valuation.
- 12/28/2023
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Investing Is The Top Way to Financial Security, Moomoo Users Reveal In The 3Q Survey
- PALO ALTO, Calif. , Dec. 4, 2023 /PRNewswire/ -- The intuitive investment and trading platform moomoo has recently completed a third-quarter U.S. users survey.
- 12/04/2023
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FUTU vs. PLTR: Which Stock Should Value Investors Buy Now?
- Investors looking for stocks in the Technology Services sector might want to consider either Futu Holdings Limited Sponsored ADR (FUTU) or Palantir Technologies Inc. (PLTR). But which of these two companies is the best option for those looking for undervalued stocks?
- 11/27/2023
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Moomoo's Cash Sweep Program Offers A Highly Competitive 5.1% APY; Increases Cash Management Efficiency
- PALO ALTO, Calif. , Nov. 27, 2023 /PRNewswire/ -- The intuitive investment and trading platform moomoo has recently updated its Cash Sweep program in the US, with a compelling 5.1% annual percentage yield ("APY") for eligible clients [1], adding one more powerful tool to help boost the cash management efficiency of their securities accounts.
- 11/27/2023
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Top 5 Technology Services Stocks for a Likely Year-End Rally
- We have narrowed our search to five technology services stocks that have popped year to date and have solid upside left. These are: PLTR, APP, DUOL, FUTU, PAY.
- 11/21/2023
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5 Must-Buy High-Flying Mid-Cap Stocks With More Upside Left
- We have narrowed our search to five mid-caps that have provided 50% or more returns year to date. These are: ELF, DUOL, QLYS, WING, FUTU.
- 11/15/2023
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FUTU or PLTR: Which Is the Better Value Stock Right Now?
- Investors looking for stocks in the Technology Services sector might want to consider either Futu Holdings Limited Sponsored ADR (FUTU) or Palantir Technologies Inc. (PLTR). But which of these two stocks offers value investors a better bang for their buck right now?
- 11/10/2023
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Futu to Report Third Quarter 2023 Financial Results on November 23, 2023
- HONG KONG, Nov. 10, 2023 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced that it will report its financial results for the third quarter ended September 30, 2023, before U.S. markets open on November 23, 2023.
- 11/10/2023
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FUTU or PLTR: Which Is the Better Value Stock Right Now?
- Investors looking for stocks in the Technology Services sector might want to consider either Futu Holdings Limited Sponsored ADR (FUTU) or Palantir Technologies Inc. (PLTR). But which of these two companies is the best option for those looking for undervalued stocks?
- 10/25/2023
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FUTU vs. PLTR: Which Stock Is the Better Value Option?
- Investors interested in stocks from the Technology Services sector have probably already heard of Futu Holdings Limited Sponsored ADR (FUTU) and Palantir Technologies Inc. (PLTR). But which of these two stocks offers value investors a better bang for their buck right now?
- 10/09/2023
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5 Lucrative PEG-Driven GARP Stocks for Investors
- Here are the five GARP stocks that fulfill our screening criteria ??? DELL, DINO, FUTU, BAESY and AEO.
- 10/04/2023
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Bull of the Day: Futu Holdings Limited (FUTU)
- When it comes to investing, crisis often equates to opportunity. Though struggles remain in Chinese equities, investors may want to consider FUTU because it provides international diversification, a contrarian investment, and large reversion to the mean potential.
- 09/20/2023
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Diamonds in the Rough: 3 Chinese Stocks to Consider
- It's no secret that China's economy has struggled in recent years. However, Stock Strategist Andrew Rocco sees opportunity amidst the chaos.
- 09/13/2023
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Futu Holdings: Shares Surge To Fair Value, Technical Resistance In Play
- Hong Kong stocks have performed poorly in 2023, but online brokerage firm Futu Holdings has seen a surge in its stock price. Futu is a well-rounded online financial services platform with a large user base and strategic partnerships. The stock received a bullish rating from Bank of America, but its valuation has become less attractive after a 20% rally.
- 09/03/2023
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FUTU or TRI: Which Is the Better Value Stock Right Now?
- Investors looking for stocks in the Technology Services sector might want to consider either Futu Holdings Limited Sponsored ADR (FUTU) or Thomson Reuters (TRI). But which of these two stocks presents investors with the better value opportunity right now?
- 08/30/2023
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Futu Holdings stock price forecast: a good speculative buy
- Futu Holdings (NASDAQ: FUTU) stock price made a strong bullish breakout on Monday as investors reacted to the company's earnings. Chinese authorities also launched a new wave of measures to support the floundering the economy.
- 08/28/2023
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Futu Holdings Limited (FUTU) Q2 2023 Earnings Call Transcript
- Futu Holdings Limited (NASDAQ:FUTU ) Q2 2023 Results Conference Call August 24, 2023 7:30 AM ET Company Participants Daniel Yuan - Investor Relations Leaf Hua Li - Chairman and Chief Executive Officer Arthur Chen - Chief Financial Officer Robin Xu - Senior Vice President Conference Call Participants Chiyao Huang - MS Pu Han - CICC Cindy Wang - China Renaissance Leon Qi - Daiwa Operator Hello, ladies and gentlemen. Welcome to Futu Holdings' Second Quarter 2023 Conference Call.
- 08/24/2023
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Futu to Report Second Quarter 2023 Financial Results on August 24, 2023
- HONG KONG, Aug. 10, 2023 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced that it will report its financial results for the second quarter ended June 30, 2023, before U.S. markets open on August 24, 2023.
- 08/10/2023
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Hong Kong Financial Firm Futu Surges 33.12% Amid Stimulus Hints
- It's often the case that smaller, arcane stocks can be among the winners in a portfolio. Hong Kong-based Futu Holdings Limited NASDAQ: FUTU is a financial technology company providing online brokerage and wealth management services to global investors and traders.
- 07/27/2023
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What Makes Futu Holdings Limited Sponsored ADR (FUTU) a New Strong Buy Stock
- Futu Holdings Limited Sponsored ADR (FUTU) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
- 07/19/2023
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New Strong Buy Stocks for July 19th
- SOHO, FUTU, NEOG, OPK and THRX have been added to the Zacks Rank #1 (Strong Buy) List on July 19, 2023.
- 07/19/2023
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Futu: Regulatory Clarity Creates Opportunity
- Futu Holdings, an online brokerage platform, has seen its stock value drop by 80% since June 2021 due to regulatory uncertainty in China, but new rules provide a clearer path forward for the company. The company is expanding into international markets, such as Malaysia and Southeast Asia, and its earnings are positively correlated with the prevailing market interest rate, which is expected to rise. Futu currently trades at a 45% discount to its average 3-year P/E, making it an attractive investment opportunity with limited risk and potential for growth.
- 06/21/2023
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Chinese Stocks Alert: Why Are FUTU, TIGR Stocks Down Today?
- Chinese stocks Futu Holdings (NASDAQ: FUTU ) and UP Fintech (NASDAQ: TIGR ) both fell 10% overnight on the news they will remove their trading apps from Chinese app stores. The companies acted on orders from Chinese regulators.
- 05/16/2023
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Futu and Fintech to remove apps from Chinese app stores on regulatory directives - sources
- Online brokerages Futu Holding Ltd and UP Fintech Holding Ltd will remove their apps from app stores in mainland China this week under the guidance of Chinese regulators, three sources told Reuters.
- 05/16/2023
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Futu, Tiger to Remove China Trading Apps Amid Regulatory Pressure
- The online brokerages earlier agreed to stop accepting new customers from mainland China.
- 05/16/2023
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Futu to Report First Quarter 2023 Financial Results on May 24, 2023
- HONG KONG, May 11, 2023 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced that it will report its financial results for the first quarter ended March 31, 2023, before U.S. markets open on May 24, 2023.
- 05/11/2023
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J or FUTU: Which Is the Better Value Stock Right Now?
- Investors looking for stocks in the Technology Services sector might want to consider either Jacobs Solutions (J) or Futu Holdings Limited Sponsored ADR (FUTU). But which of these two stocks presents investors with the better value opportunity right now?
- 04/12/2023
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This Chinese Financial Stock Leads While Its Peers Collapse; Q4 EPS Grew 109%
- This financial stock ranked an impressive second on Fortune's "100 Fastest-Growing Companies" list of 2022. The post This Chinese Financial Stock Leads While Its Peers Collapse; Q4 EPS Grew 109% appeared first on Investor's Business Daily.
- 04/04/2023
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Futu Holdings Limited (FUTU) Q4 2022 Earnings Call Transcript
- Futu Holdings Limited (NASDAQ:FUTU ) Q4 2022 Earnings Conference Call March 28, 2023 7:30 AM ET Company Participants Daniel Yuan - Investor Relations Leaf Li - Chairman and Chief Executive Officer Arthur Chen - Chief Financial Officer Robin Xu - Senior Vice President Conference Call Participants Han Pu - CICC Chiyao Huang - Morgan Stanley Cindy Wang - China Renaissance Frank Zheng - Credit Suisse Leon Qi - Daiwa Peter Zhang - JPMorgan Operator Hello, ladies and gentlemen. Welcome to Futu Holdings Fourth Quarter and Full Year 2022 Earnings Conference Call.
- 03/28/2023
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Futu to Report Fourth Quarter and Full Year 2022 Financial Results on March 28, 2023
- HONG KONG, March 14, 2023 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced that it will report its financial results for the fourth quarter and full year ended December 31, 2022, before U.S. markets open on March 28, 2023.
- 03/14/2023
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Futu Holdings: All Eyes On Recent Regulatory Developments
- China Securities Regulation Commission's recent comments are seen to be a positive regulatory development for cross-border brokerages such as Futu Holdings Limited. But Futu Holdings Limited shares have yet to witness a full price recovery because of risks like a potential loss of Mainland Chinese customers to rivals.
- 03/09/2023
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Are Business Services Stocks Lagging Futu Holdings (FUTU) This Year?
- Here is how Futu Holdings Limited Sponsored ADR (FUTU) and Luna Innovations Incorporated (LUNA) have performed compared to their sector so far this year.
- 01/11/2023
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Why Futu Holdings And NetEase Shares Are Trading Higher
- Futu Holdings Ltd FUTU and NetEase Inc NTES shares are trading higher Wednesday morning. Shares of Chinese companies at large are trading higher after Chinese regulators reportedly approved a capital raise for Ant Group.
- 01/04/2023
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UP Fintech, Futu Under Pressure To Go Global As Regulatory Bomb Blows Up In China
- China's securities regulator said UP Fintech and Futu were operating illegally by failing to get brokerage licenses for cross-border stock trading services. Overseas expansion is becoming critical for the pair of online brokers after China's securities regulator said their cross-border trading services for mainland investors were illegal.
- 01/04/2023
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Down -38.69% in 4 Weeks, Here's Why Futu Holdings Limited Sponsored ADR (FUTU) Looks Ripe for a Turnaround
- Futu Holdings Limited Sponsored ADR (FUTU) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
- 01/02/2023
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Why Futu and Up Fintech Led the Nasdaq Lower Friday
- Regulators in China aren't happy with the two companies.
- 12/30/2022
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Why Shares of Futu and UP Fintech Holding Are Getting Crushed Today
- Regulators came down harshly on the two online brokerages today.
- 12/30/2022
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Chinese Stocks Alert: Why Are TIGR, FUTU Stocks Down Today?
- Chinese stocks Futu (NASDAQ: FUTU ) and UP Fintech (NASDAQ: TIGR ) fell hard in the pre-market on Dec. 30 after the China Securities Regulatory Commission (CSRC) told the two online brokers to stop soliciting local customers for international trading. The fall may have been harder if it hadn't been telegraphed back in 2021 when a Chinese central banker warned that the brokerages were skirting Chinese laws.
- 12/30/2022
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China Regulator Says Futu, Up Fintech Violated Rules
- China's securities regulator said two Nasdaq-listed online brokers have allowed customers on the mainland to make cross-border trades.
- 12/30/2022
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4 Business Services Stocks Most Wall Street Analysts Are Bullish About
- RTO, FUTU, INST and NSP are poised to benefit in 2023 and beyond with healthy fundamentals and solid Zacks Rank.
- 12/29/2022
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Futu Holdings: Improving Macro Conditions, Strong EPS Growth Should Favor Shares
- Hong Kong stocks have sharply beaten the S&P 500 in the last two months as some macro tailwinds lift the Southeast Asia region. One capital market stock has endured a volatile last two years, but I see value given a high earnings growth rate.
- 12/29/2022
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Why Futu Stock Fell By 9%
- Futu stock fell below $35 in October and then peaked at over $70 the next month. FUTU shares are on a downtrend: negative sentiment explained.
- 12/29/2022
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Why Futu Holdings Shares Are Diving - Futu Holdings (NASDAQ:FUTU)
- Futu Holdings Ltd FUTU shares are trading lower by 9.38% to $58.04 Wednesday afternoon. Shares of several Chinese companies are trading lower amid concerns over increased COVID infections following the loosening of some restrictions.
- 12/28/2022
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Discount Broker Back In Buy Zone As TD Ameritrade Clients Prepare To Switch
- Charles Schwab stock is back in buy range as TD Ameritrade clients prepare to switch to the discount broker. The post Discount Broker Back In Buy Zone As TD Ameritrade Clients Prepare To Switch appeared first on Investor's Business Daily.
- 12/27/2022
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Is Futu Holdings (FUTU) Stock Outpacing Its Business Services Peers This Year?
- Here is how Futu Holdings Limited Sponsored ADR (FUTU) and Gartner (IT) have performed compared to their sector so far this year.
- 12/20/2022
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Futu: Strong Buy Signals
- 100% technical buy signals. 12 new highs and up 69.85% in the last month.
- 12/09/2022
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Why KE Holdings (BEKE) And Futu Shares Are Trading Lower - Futu Holdings (NASDAQ:FUTU), KE Holdings (NYSE:BEKE)
- KE Holdings Inc - ADR BEKE and Futu Holdings Ltd FUTU shares are both trading lower Wednesday morning. Shares of Chinese companies at large are trading lower following soft China export data.
- 12/07/2022
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Markets Look to Pare Yearly Losses in December: Stocks to Watch
- It may be hard to believe, but the Dow Jones Industrial Average is only about 7% away from its all-time high.
- 12/01/2022
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Is Futu Holdings (FUTU) Outperforming Other Business Services Stocks This Year?
- Here is how Futu Holdings Limited Sponsored ADR (FUTU) and Gambling.com Group Limited (GAMB) have performed compared to their sector so far this year.
- 12/01/2022
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New Strong Buy Stocks for November 22nd
- DCBO, APPF, AMEH, FUTU and ZEUS have been added to the Zacks Rank #1 (Strong Buy) List on November 22, 2022.
- 11/22/2022
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Futu Holdings Limited (FUTU) Q3 2022 Earnings Call Transcript
- Futu Holdings Limited (NASDAQ:FUTU ) Q3 2022 Results Conference Call November 21, 2022 7:30 AM ET Company Participants Daniel Yuan - Chief of Staff and Head, IR Leaf Li - Chairman and CEO Arthur Chen - CFO Robin Xu - Senior Vice President Conference Call Participants Cindy Wang - China Renaissance Zoey Zong - Jefferies Leon Qi - Daiwa Frank Zheng - Credit Suisse Emma Xu - Bank of America Peter Zhang - JP Morgan Operator Hello, ladies and gentlemen. Welcome to Futu Holdings Third Quarter 2022 Conference Call.
- 11/21/2022
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New Strong Buy Stocks for November 16th
- ENTX, STIM, FN, ANGN and FUTU have been added to the Zacks Rank #1 (Strong Buy) List on November 16, 2022.
- 11/16/2022
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Futu to Report Third Quarter 2022 Financial Results on November 21, 2022
- HONG KONG, Nov. 08, 2022 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced that it will report its financial results for the third quarter ended September 30, 2022, before U.S. markets open on November 21, 2022.
- 11/08/2022
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FUTU or TIXT: Which Is the Better Value Stock Right Now?
- FUTU vs. TIXT: Which Stock Is the Better Value Option?
- 10/31/2022
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Why Chinese Stocks Got Crushed on Monday
- Investors are selling Chinese stocks on fear that the country will become less business-friendly.
- 10/24/2022
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FUTU vs. TRI: Which Stock Is the Better Value Option?
- FUTU vs. TRI: Which Stock Is the Better Value Option?
- 10/14/2022
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Playbook: China Stock Could Have Room to Run
- The below is an excerpt from this past Monday's episode of Schaeffer's Playbook of the Week , featuring Schaeffer's Senior Market Strategist Bryan Sapp, CFA.
- 09/14/2022
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Chinese FinTech Stocks Climb; US Lenders Tumble
- In the past week, three of the biggest gainers in financial stocks have been Chinese FinTechs, boosted by an agreement that gives U.S. authorities access to audit the companies. Seeking Alpha reported Saturday (Aug. 27) that Futu Holdings was up 21% this week, with 360 DigiTech following close behind.
- 08/28/2022
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Futu to Report Second Quarter 2022 Financial Results on August 30, 2022
- HONG KONG, Aug. 12, 2022 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced that it will report its financial results for the second quarter ended June 30, 2022, before U.S. markets open on August 30, 2022.
- 08/12/2022
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7 Best Asian Stocks to Buy Now
- Asian stocks have tremendous upside after China's lockdown eased, interest rates fell, and demand improved. The post 7 Best Asian Stocks to Buy Now appeared first on InvestorPlace.
- 07/18/2022
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BCOR vs. FUTU: Which Stock Should Value Investors Buy Now?
- BCOR vs. FUTU: Which Stock Is the Better Value Option?
- 07/12/2022
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Futu Bull-Bear Debate: Does The Recent Rally In Chinese Stocks Have Legs?
- Chinese online brokerage platform Futu Holdings Ltd (NASDAQ: FUTU) is understandably a polarizing topic among analysts and investors. The stock is down 68.7% in the past year as both Chinese and U.S. regulators have cracked down on U.S.-listed Chinese stocks.
- 06/24/2022
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Why Shares of Futu Holdings Shot Up This Week
- The company reported earnings results for the first quarter of 2022.
- 06/09/2022
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Why Futu Holdings Stock Rose Today
- Futu Holdings Ltd (NASDAQ: FUTU) shares traded higher Monday after the company reported financial results. Futu Holdings said first-quarter revenue decreased 25.6% year-over-year to $209.5 million.
- 06/06/2022
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Most Active Stocks Today? 5 Chinese Stocks For Your Watchlist
- With improving sentiments, could these Chinese stocks be worth a closer look?
- 06/06/2022
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Why Futu Stock Is Soaring Today?
- Futu Holdings joined the broad rally for China stocks. Company posted strong quarterly results.
- 06/06/2022
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Futu Holdings Ltd (FUTU) CEO Leaf Li on Q1 2022 Results - Earnings Call Transcript
- Futu Holdings Ltd (NASDAQ:FUTU ) Q1 2022 Results Conference Call June 6, 2022 7:30 AM ET Company Participants Daniel Yuan - Chief of Staff and Head of Investor Relations Leaf Li - Chairman & Chief Executive Officer Arthur Chen - Chief Financial Officer Robin Xu - Senior Vice President Conference Call Participants Emma Xu - Bank of America Securities Leon Qi - Daiwa Zoey Zong - Jefferies Zeyu Yao - CICC Operator Hello, ladies and gentlemen. Welcome to Futu Holdings First Quarter 2022 Earnings Conference Call.
- 06/06/2022
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FUTU Stock Climbs 17% Following Unaudited Q1 Earnings Report
- Futu Holdings (FUTU) stock is gaining on Monday following the release of its unaudited earnings report for the first quarter of 2022. The post FUTU Stock Climbs 17% Following Unaudited Q1 Earnings Report appeared first on InvestorPlace.
- 06/06/2022
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If You Like Speculation, Buy Futu
- Futu Holdings Limited is a leading fintech and brokerage company in China. The company offers a fully digitalized investing and wealth management platform. FUTU is the market leader for online brokerage services in China: a market with truly enormous growth potential, but also heightened regulatory risk exposure.
- 05/30/2022
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Futu to Report First Quarter 2022 Financial Results on June 6, 2022
- HONG KONG, May 17, 2022 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced that it will report its financial results for the first quarter ended March 31, 2022, before U.S. markets open on June 6, 2022.
- 05/17/2022
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Best Chinese Tech Stocks To Buy Today? 5 In Focus
- Could these Chinese tech stocks be worth considering now?
- 04/29/2022
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Why Shares of KE Holdings, Futu, and UP Fintech Are Rising Today
- U.S. and Chinese financial regulators appear to be making more progress on their auditing dispute.
- 04/04/2022
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Why Shares of Alibaba, DiDi Global, and Futu Are Rising
- Some good news came out today regarding the ongoing auditing dispute between U.S. and Chinese financial regulators.
- 04/01/2022
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A $3 Billion Fund Just Bought FUTU Stock. Here's Why.
- Shares of FUTU stock are in the green this morning after China announced a positive development towards complying with U.S. audit regulations. The post A $3 Billion Fund Just Bought FUTU Stock.
- 04/01/2022
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Why Is Futu Holdings (FUTU) Stock Down Today?
- Shares of FUTU stock are in the red after the brokerage company was added to the HFCAA's list of companies in possible violation. The post Why Is Futu Holdings (FUTU) Stock Down Today?
- 03/31/2022
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Why Shares of KE Holdings, Futu, and Up Fintech Are Flying Today
- Chinese regulators put out a statement with a much more supportive tone of Chinese stocks listed on U.S. exchanges.
- 03/16/2022
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Why Shares of Futu Are Falling
- The company reported earnings results, but it's also dealing with a headwind that's taking a toll on many Chinese stocks.
- 03/11/2022
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Futu Holdings Limited (FUTU) CEO Leaf Li on Q4 2021 results - Earnings Call Transcript
- Futu Holdings Limited (FUTU) CEO Leaf Li on Q4 2021 results - Earnings Call Transcript
- 03/11/2022
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Futu to Report Fourth Quarter and Full Year 2021 Financial Results on March 11, 2022
- HONG KONG, Feb. 24, 2022 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced that it will report its financial results for the fourth quarter and full year ended December 31, 2021, before U.S. markets open on March 11, 2022.
- 02/24/2022
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FUTU: Walking The Path To Riches
- FUTU: Walking The Path To Riches
- 02/12/2022
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NEW THINKING (HONG KONG) INVESTMENT MANAGEMENT CO..
- For the details of NEW THINKING (HONG KONG) INVESTMENT MANAGEMENT CO. Ltd's stock buys and sells, go to https://www.gurufocus.com/guru/new+thinking+%28hong+kong%29+investment+management+co.
- 02/09/2022
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Bear of the Day: Futu Holdings (FUTU)
- Easy to beat up on tech stocks on a day like today.
- 01/25/2022
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Why Futu Holdings Stock Was Down 5.4% in 2021
- Chinese companies have faced heavy scrutiny from regulators in the U.S. and China.
- 01/10/2022
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Futu Holdings Seems Cheap, But There Is A Catch
- Since February, FUTU's share price fell by 80%; the company appears to be cheaply valued now. What is more, the operations are running great as the very profitable business has grown by over 500% since the outbreak of COVID.
- 12/27/2021
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Chinese Stocks Alert: What Is Going on With FUTU, TIGR Stocks Today?
- The battle that Chinese stocks are facing at the hands of their government continues with new regulations imposed on online brokers. The post Chinese Stocks Alert: What Is Going on With FUTU, TIGR Stocks Today?
- 12/17/2021
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Friday Market Update: Why Are Tech Stocks Down Today?
- We're diving into why tech stocks are down today in our Friday market update as shares continue to slide after a poor performance Thursday. The post Friday Market Update: Why Are Tech Stocks Down Today?
- 12/17/2021
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Futu Holdings Stock (FUTU): Why The Price Fell Today
- The stock price of Futu Holdings Ltd (NASDAQ: FUTU) fell by over 7% pre-market today. This is why it happened.
- 12/17/2021
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Up Fintech And Futu: A Fundamental Relook
- Up Fintech And Futu: A Fundamental Relook
- 12/17/2021
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7 China Stocks on Fire Sale Following Alibaba's Tumble
- China-based companies are valued at multi-year lows and at levels that are close to pricing the risks of harsh government regulations. The post 7 China Stocks on Fire Sale Following Alibaba's Tumble appeared first on InvestorPlace.
- 12/06/2021
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Futu Holdings (FUTU) Stock: Why The Price Jumped Today
- The stock price of Futu Holdings Ltd (NASDAQ: FUTU) increased by over 6% pre-market today. This is why it happened.
- 11/24/2021
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Earnings Outlook For Futu Holdings
- Futu Holdings (NASDAQ:FUTU) is set to give its latest quarterly earnings report on Wednesday, 2021-11-24. Here's what investors need to know before the announcement.
- 11/23/2021
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7 Stocks to Buy in November in Light of Their October Dip
- October was a good month in the markets. It won't be easy to find stocks to buy on the dip.
- 11/15/2021
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Futu to Report Third Quarter 2021 Financial Results on November 24, 2021
- HONG KONG, Nov. 05, 2021 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform focusing on global investors, today announced that it will report its financial results for the third quarter ended September 30 2021, before U.S. markets open on November 24, 2021.
- 11/05/2021
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Why Futu Holdings Plunged by 41.2% in October
- The Chinese brokerage and wealth management firm warns of further regulatory risks from China's widening crackdown.
- 11/02/2021
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Why Shares of Futu Holdings and Up Fintech Are Falling Today
- Chinese regulators are indicating that new laws may make it difficult for Chinese online brokerages to go about their usual business.
- 10/28/2021
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How The Future Looks For Last Week's Biggest Losers: Futu, Regulus Therapeutics And More
- Last week, the five biggest stock market losers declined between about 36% and 26%. Below is a look at each stock and what they may have in the cards going forward.
- 10/18/2021
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Why Futu Fell 26% This Week
- China's political leadership and state-run media appear to be warning investors as well as the public that more restrictions and regulations are on the way.
- 10/15/2021
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Online Brokers Futu, UP Fintech Respond To Regulations Compliance Report
- Chinese online brokers Futu Holdings Ltd (NASDAQ: FUTU) and UP Fintech Holding Ltd (NASDAQ: TIGR) admitted proactive compliance with relevant regulations. Futu contacted the Task Force immediately after that and had completed all the rectification work in satisfaction of the relevant opinions and regulatory requirements by August 2, 2019.
- 10/15/2021
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Futu Responds to Media Report
- HONG KONG, Oct. 15, 2021 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a tech-driven online brokerage and wealth management platform in China, today noted that a certain Chinese media outlet questioned the ability of certain online brokers, including the Company, to handle Chinese investors' personal data for cross-border trading of stocks in accordance with the requirements of China's Personal Information Protection Law (the “PIPL”), which will come into force on November 1, 2021. In response to the media report, Futu reiterated that regarding the rectification opinions put forward by the “Special Task Force on the Regulation of Apps” in July 2019, Futu contacted the Task Force immediately thereafter and had completed all the rectification work in satisfaction of the relevant opinions and regulatory requirements by August 2, 2019.
- 10/15/2021
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Chinese Fintech Stocks: What's Going on With FUTU, TIGR Stocks Today?
- Today, investors in Chinese fintech stocks are bleeding red, as both FUTU stock and TIGR stock see dramatic declines this afternoon. The post Chinese Fintech Stocks: What's Going on With FUTU, TIGR Stocks Today?
- 10/14/2021
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Futu Announces Resignation of Eric Chi Zhang from the Board of Directors
- HONG KONG, Sept. 14, 2021 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform in China, today announced that Mr. Eric Chi Zhang, a director of the Company, has resigned from the board of directors of the Company due to personal reasons, effective September 14, 2021. Mr. Zhang's resignation did not result from any disagreement with the Company.
- 09/14/2021
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Moomoo & Benzinga Launch Paper Trading Competition to Support ESG Companies
- PALO ALTO, Calif., Sept. 8, 2021 /PRNewswire/ -- moomoo, the popular trading platform for proactive traders, has announced the launch of registration for its paper trading competition in partnership with Benzinga, the renowned financial news publication.
- 09/08/2021
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Why Futu Holdings Is Ready To Break Out
- Investors should also consider FUTU stock, alongside Alibaba and Tencent. Futu posted impressive trading volumes and DARTs.
- 09/08/2021
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FUTU Stock: Explanation For Over 11% Increase This Week
- The stock price of Futu Holdings Ltd (NASDAQ: FUTU) increased by over 11% this week. This is why it happened.
- 09/02/2021
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Why Futu Stock Is Up More Than 11% Today
- The brokerage app is still drawing a crowd despite the fact that pandemic-prompted shutdowns are mostly over.
- 09/01/2021
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4 Top Stock Trades for Wednesday: FUBO, WFC, FUTU, DIS
- FuboTV, Wells Fargo, Futu Holdings and Disney were our top stock trades for Wednesday. Let's get a look at the charts from here.
- 08/31/2021
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Futu reaches 15 million global users, reflecting strong international expansion
- Operational highlights of the unaudited financial results for the second quarter ended June 30, 2021: Total revenues in the second quarter increased by 129.3% year-over-year ("YoY") to $203.1 million, achieving triple-digit growth for six consecutive quarters. Non-GAAP adjusted net income[1] was up 126.7% YoY to $7 0.9 million.
- 08/31/2021
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Futu Announces Second Quarter 2021 Unaudited Financial Results
- HONG KONG, Aug. 31, 2021 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform in China, today announced its unaudited financial results for the second quarter ended June 30, 2021.
- 08/31/2021
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Futu Holdings Limited Sponsored ADR (FUTU) Outpaces Stock Market Gains: What You Should Know
- Futu Holdings Limited Sponsored ADR (FUTU) closed at $91.57 in the latest trading session, marking a +1.36% move from the prior day.
- 08/23/2021
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Futu Holdings Limited Sponsored ADR (FUTU) Stock Sinks As Market Gains: What You Should Know
- Futu Holdings Limited Sponsored ADR (FUTU) closed at $102.97 in the latest trading session, marking a -1.67% move from the prior day.
- 08/12/2021
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Futu to Report Second Quarter 2021 Financial Results on August 31, 2021
- HONG KONG, Aug. 06, 2021 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform in China, today announced that it will report its financial results for the second quarter ended June 30, 2021, before U.S. markets open on August 31, 2021.
- 08/06/2021
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7 Growth Stocks That Could See Monster Gains in the Second Half of 2021
- There are several metrics that can measure the growth of a company. These seven growth stocks have positive traits across the board.
- 07/13/2021
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Why Futu Holdings Stock Jumped 26% in June
- The Hong Kong-based online brokerage is up nearly 250% year to date
- 07/02/2021
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7 A-Rated Growth Stocks to Buy That Are Ready for More
- This market has plenty of upside left but now is a good to look for opportunities in growth stocks that aren't typical headline grabbers. The post 7 A-Rated Growth Stocks to Buy That Are Ready for More appeared first on InvestorPlace.
- 07/02/2021
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3 Stocks to Consider Today
- Three top stocks from Louis Navellier… the common feature they share… a free tool to help your portfolio returns In today's Digest, let's put you in position to make some money. We'll do this with the help of legendary growth investor, Louis Navellier.
- 06/08/2021
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Futu sustains leading position by obtaining "BBB" credit rating from S&P, becoming first online brokerage in APAC with international rating
- HONG KONG, June 3, 2021 /PRNewswire/ -- Futu Holdings Limited ("Futu") (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, is pleased to announce that it has obtained a "bbb" GCP (group credit profile) and a "BBB" investment grade long-term issuer credit rating from S&P Global Ratings ("S&P"). The outlook on the long-term rating is stable.
- 06/03/2021
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Futu Announces Investment Grade Rating from S&P Global Ratings
- HONG KONG, June 03, 2021 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform in China, today announced S&P Global Ratings (“S&P”) has assigned an investment grade long-term issuer credit rating “BBB-” to the Company. The outlook on the long-term rating is stable. A “bbb” GCP (group credit profile) has also been assigned. The rating on Futu reflects the Company's leading market position in the Hong Kong brokerage market, strong capitalization with solid financing standing, and prudent risk controls.
- 06/02/2021
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FUTU Stock Price: Over 3% Increase Pre-Market Explanation
- The stock price of Futu Holdings Ltd (NASDAQ: FUTU) increased by over 3% pre-market. This is why it happened.
- 06/01/2021
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Futu's one-stop investment platform, moomoo, achieves over 220,000 users and 100,000 paying clients in under 3-months since launch in Singapore
- PALO ALTO, Calif., June 1, 2021 /PRNewswire/ -- Moomoo Inc. announced that its affiliated company, Futu Singapore Pte.
- 06/01/2021
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Futu Announces the Number of Its Paying Clients in Singapore Has Surpassed 100,000
- HONG KONG, June 01, 2021 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform in China, today announced the number of its paying clients in Singapore has surpassed 100,000.
- 06/01/2021
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Futu Holdings: A Triple-Digit Growth Bargain
- Futu Holdings: A Triple-Digit Growth Bargain
- 05/20/2021
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Futu Holdings Limited (FUTU) CEO Leaf Li on Q1 2021 Results - Earnings Call Transcript
- Futu Holdings Limited (FUTU) CEO Leaf Li on Q1 2021 Results - Earnings Call Transcript
- 05/19/2021
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Futu added 273,000 net paying clients in 2021 Q1, reflects 7x growth YoY
- Operational highlights of the unaudited financial results for the first quarter ended March 31, 2021: Total revenue in the first quarter increased 349.4% year-over-year ("YoY") to $283.6 million, achieving triple-digit growth for five consecutive quarters. Non-GAAP adjusted net income[1] was up 6.3 times YoY to $151.7 million.
- 05/19/2021
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Futu Announces First Quarter 2021 Unaudited Financial Results
- HONG KONG, May 19, 2021 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform in China, today announced its unaudited financial results for the first quarter ended March 31, 2021.
- 05/19/2021
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FUTU Stock: Over 3% Increase Pre-Market Explanation
- The stock price of Futu Holdings Ltd (NASDAQ: FUTU) increased by over 3% pre-market. This is why it happened.
- 05/12/2021
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Futu to be Added to the MSCI Hong Kong Index
- HONG KONG, May 12, 2021 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (NASDAQ: FUTU), a leading tech-driven online brokerage and wealth management platform in China, today announced that the Company's stock will be added to the MSCI Hong Kong Index, effective as of market close on May 27, 2021.
- 05/11/2021
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Futu Clearing Inc. Secures $400M to Expand US Operations
- PALO ALTO, Calif., May 10, 2021 /PRNewswire/ -- Today Futu Clearing Inc. announced it received a strategic capital injection in the amount of $400 million from its parent company, Futu Holdings, Ltd (Nasdaq: FUTU).
- 05/10/2021
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Futu, UP Fintech: Analyzing Their Online Brokerage Industry
- FUTU and TIGR are mobile-friendly brokerage platforms that mainly provide services in China.
- 05/07/2021
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4 Stocks With High Net Income Ratio to Scoop Up
- Profitability analysis is one of the best ways to evaluate the prospects of a company.
- 04/30/2021
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Futu to Report First Quarter 2021 Financial Results on May 19, 2021
- HONG KONG, April 30, 2021 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (NASDAQ: FUTU), a leading tech-driven online brokerage and wealth management platform in China, today announced that it will report its financial results for the first quarter ended March 31, 2021, before U.S. markets open on May 19, 2021.
- 04/30/2021
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Moomoo Inc. Clinches Title Sponsorship for Yahoo Finance's Exclusive Livestream of the 2021 Berkshire Hathaway Shareholders Meeting
- FUTU to leverage on its latest investment platform, moomoo, to stream Yahoo's coverage for its growing user base of over 13 million investors on 1 May 2021 @12:30pm ET、 moomoo provides a platform for viewers to join the live conversation with industry experts Futu Inc. is currently offering up to 4 free stocks with a USD 5,000 deposit for every account opening * PALO ALTO, Calif., April 28, 2021 /PRNewswire/ -- Moomoo Inc, an all-in-one online platform in providing trading services and an indirect wholly-owned subsidiary of Futu Holdings Ltd (Nasdaq: FUTU), announced today that it has made the strategic investment to sponsor the 2021 Berkshire Hathaway Shareholders Meeting live stream event.
- 04/28/2021
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FUTU Stock: $195 Target By Bank Of America
- The shares of Futu Holdings Ltd (NASDAQ: FUTU) have received a price target of $195 by Bank of America. These are the details.
- 04/26/2021
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Futu Announces Completion of Offering of 10,925,000 American Depositary Shares
- HONG KONG, April 24, 2021 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading one-stop financial technology platform in China, today announced the completion of the offering of 10,925,000 American depositary shares (the “ADSs”), each representing eight Class A ordinary shares of the Company (the “ADS Offering”), at a price of US$130.00 per ADS, including the sale of an aggregate of 1,425,000 ADSs by the Company pursuant to the full exercise of option by the underwriters to purchase additional ADSs.
- 04/23/2021
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Futu Announces Pricing of Offering of 9,500,000 American Depositary Shares
- HONG KONG, April 21, 2021 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading one-stop financial technology platform in China, today announced the pricing of the offering of 9,500,000 American depositary shares (the “ADSs”), each representing eight Class A ordinary shares of the Company (the “ADS Offering”), at a price of US$130 per ADS. The Company will grant the underwriters in the ADS Offering a 30-day option to purchase up to an additional 1,425,000 ADSs.
- 04/21/2021
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Why Shares of Futu Holdings Fell Today
- The company announced plans to issue 9.5 million American depositary shares.
- 04/20/2021
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FUTU Stock: Over 8% Decrease Pre-Market Explanation
- The stock price of Futu Holdings Ltd (NASDAQ: FUTU) fell by over 8% pre-market. This is why it happened.
- 04/20/2021
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Futu Announces Proposed Offering of 9,500,000 American Depositary Shares
- HONG KONG, April 20, 2021 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading one-stop financial technology platform in China, today announced the commencement of the offering of 9,500,000 American depositary shares (the “ADSs”), each representing eight Class A ordinary shares of the Company (the “ADS Offering”). The Company intends to grant the underwriters in the ADS Offering a 30-day option to purchase up to an additional 1,425,000 ADSs.
- 04/19/2021
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8 High-Risk Stocks to Buy That Are Worth Taking A Chance On
- A rebounding economy is a good time to thaw out your risk capital and start buying some high-risk stocks with long-term potential. The post 8 High-Risk Stocks to Buy That Are Worth Taking A Chance On appeared first on InvestorPlace.
- 04/06/2021
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Futu Holdings Limited Announces Filing of Its Annual Report on Form 20-F for Fiscal Year 2020
- HONG KONG, March 26, 2021 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform in China, today announced it filed its annual report on Form 20-F for the fiscal year ended December 31, 2020 with the Securities and Exchange Commission. The annual report can be accessed on the Company's investor relations website at ir.futuholdings.com.
- 03/26/2021
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Tencent-Backed Futu Taps Singapore's Retail Trading Boom: Bloomberg
- Chinese online broker Futu Holdings Ltd (NASDAQ: FUTU) set up a base in Singapore to tap the retail investor trading boom in Southeast Asia, Bloomberg reports. The Tencent Holdings Ltd (OTC: TCEHY)-backed company started an office in the city-state last week to further its geographical footprint in Malaysia and Thailand along with the U.S.
- 03/17/2021
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Futu Holdings: Hypergrowth Fintech Ready To Take Off In A Rising Rate Environment
- The rise in retail investing globally for the likes of Robinhood also bodes well for Futu in a country with over 1.3 billion people in population. The rapid growth in wealth for the middle-class in China presents robust opportunities for Fintech brokerage firms like Futu Holdings.
- 03/17/2021
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Futu Holdings Limited (FUTU) CEO Leaf Li on Q4 2020 Results - Earnings Call Transcript
- Futu Holdings Limited (FUTU) CEO Leaf Li on Q4 2020 Results - Earnings Call Transcript
- 03/16/2021
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Why Shares of Futu Holdings Are Rising Today
- Shares jumped this morning after the company reported strong earnings for the fourth quarter and full year of 2020.
- 03/16/2021
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FUTU Stock Price Increases Over 9% Pre-Market: Why It Happened
- The stock price of Futu Holdings Ltd (NASDAQ: FUTU) increased by over 9% pre-market. This is why it happened.
- 03/16/2021
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Futu Announces Fourth Quarter and Full Year 2020 Unaudited Financial Results
- HONG KONG, March 16, 2021 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2020.
- 03/16/2021
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7 Triple-A-Rated Stocks to Buy Now
- It's been a long bull market, but that doesn't mean the market is bereft of any quality stocks to buy now. Here are 7 great examples.
- 03/15/2021
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FUTU Stock Price Increased 24.32%: Why It Happened
- The stock price of Futu Holdings Ltd (NASDAQ: FUTU) increased by 24.32%. This is why it happened.
- 03/10/2021
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Futu to Report Fourth Quarter and Full Year 2020 Financial Results on March 16, 2021
- HONG KONG, March 03, 2021 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (NASDAQ: FUTU), a leading tech-driven online brokerage and wealth management platform in China, today announced that it will report its financial results for the fourth quarter and full year ended December 31, 2020, before U.S. markets open on March 16, 2021.
- 03/03/2021
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Top 5 Fintech Plays in an Emerging Market
- Emerging markets have been experiencing exciting growth as of late. Not only are we seeing the natural growth that comes along as economies emerge, we're seeing Covid-19 pandemic rebounds serving to exacerbate the gains.
- 03/02/2021
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Futu Holdings: An Alpha 'Bull' Ushered In Its Best Year
- Futu Holdings' stock surged upwards by 11 times over the last 12 months. Futu outperformed its main competitor, UP Fintech Holding Limited (Tiger Brokers), in many ways.
- 02/21/2021
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3 Large-Cap Stocks That Turned $250,000 Into $1 Million (or More) in 6 Months
- These big companies have been virtually unstoppable since mid-August, but it's unclear if these moves are sustainable.
- 02/21/2021
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Here's Why Futu, Plug Power, Palantir Are Moving
- One of the most common questions traders have about stocks is “Why Is It Moving?”. That's why Benzinga created the Why Is It Moving, or WIIM, feature in Benzinga Pro.
- 02/16/2021
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FUTU Stock Price Increases Over 10% Pre-Market: Why It Happened
- The stock price of Futu Holdings Ltd (NASDAQ: FUTU) is trading at over 10% pre-market as of 7:24 AM ET. This is why it happened.
- 02/11/2021
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FUTU Stock Price Increased 5.62%: Why It Happened
- The stock price of Futu Holdings Ltd (NASDAQ: FUTU) has increased by 5.62% today. This is why it happened.
- 02/01/2021
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Why You Should Be Cautious About This Growth Stock Despite Its Huge Rally
- Political tensions combined with a cooling down of the IPO market in China could prove to be headwinds for this high-growth stock.
- 01/28/2021
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Stock Market Bubble? Here's How to End Up a Winner
- If you're afraid of a pop, it's best to be prepared.
- 01/26/2021
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FUTU Stock Price: $90 Target By Bocom
- Futu Holdings Ltd (NASDAQ: FUTU) has received a $90 price target by Bocom. These are the details.
- 01/20/2021
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Futu Announces Agreement to Purchase Shares by a Leading Global Investment Firm
- HONG KONG, Dec. 08, 2020 (GLOBE NEWSWIRE) -- Futu Holdings Limited (NASDAQ: FUTU) (“Futu” or the “Company”), a leading tech-driven online brokerage and wealth management platform in China, today announced that a leading global investment firm has agreed to purchase approximately 50,000,000 Class A ordinary shares of the Company in the form of prepaid warrants for an aggregate purchase price of approximately US$260,000,000.
- 12/08/2020
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Futu Holdings Limited (FUTU) CEO Leaf Li on Q3 2020 Results - Earnings Call Transcript
- Futu Holdings Limited (FUTU) CEO Leaf Li on Q3 2020 Results - Earnings Call Transcript
- 11/19/2020
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Futu Announces Third Quarter 2020 Unaudited Financial Results
- HONG KONG, Nov. 19, 2020 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (NASDAQ: FUTU), a leading tech-driven online brokerage and wealth management platform in China, today announced its unaudited financial results for the third quarter ended September 30, 2020.
- 11/19/2020
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Futu to be Added to the MSCI Hong Kong Small Cap Index
- HONG KONG, Nov. 11, 2020 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (NASDAQ: FUTU), a leading tech-driven online brokerage and wealth management platform in China, today announced that the Company's stock will be added to the MSCI Hong Kong Small Cap Index, effective as of market close on November 30, 2020.
- 11/10/2020
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Futu to Report Third Quarter 2020 Financial Results on November 19, 2020
- HONG KONG, Nov. 06, 2020 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (NASDAQ: FUTU), a leading tech-driven online brokerage and wealth management platform in China, today announced that it will report its financial results for the third quarter ended September 30, 2020, before U.S. markets open on November 19, 2020.
- 11/06/2020
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Futu Announces Pricing of Offering of 9,500,000 American Depositary Shares
- HONG KONG, Aug. 19, 2020 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (NASDAQ: FUTU), a leading one-stop financial technology platform in China, today announced the pricing of the offering of 9,500,000 American depositary shares (the “ADSs”), each representing eight Class A ordinary shares of the Company (the “ADS Offering”), at a price of US$33.00 per ADS. The Company will grant the underwriters in the ADS Offering a 30-day option to purchase up to an additional 1,425,000 ADSs. Goldman Sachs (Asia) L.L.C., Credit Suisse Securities (USA) LLC, UBS Securities LLC and Haitong International Securities Company Limited are acting as joint bookrunners for the ADS Offering.The ADSs are offered under the Company’s shelf registration statement on Form F-3 (the “Form F-3”) which was filed with the Securities and Exchange Commission (the “SEC”) and automatically became effective on August 17, 2020. The ADS Offering is being made only by means of a prospectus supplement and an accompanying prospectus included in the Form F-3. The Form F-3 and the prospectus supplement are available at the SEC website at: http://www.sec.gov. Copies of the prospectus supplement and the accompanying prospectus may be obtained from (1) Goldman Sachs & Co., 200 West Street, New York, NY 10282, Attention: Prospectus Department, by telephone at +1-866-471-2526, or by e-mail at prospectus-ny@gs.com; (2) Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, NY 10010, or by telephone at +1-800-221-1037, or by email at newyork.prospectus@credit-suisse.com; (3) UBS Securities LLC, Attention: Prospectus Department, 1285 Avenue of the Americas, New York, NY, 10019, United States of America, or by telephone at +1-888-827-7275; and (4) Haitong International Securities Company Limited, Attention: Equity Capital Markets, 22/F Li Po Chun Chambers, 189 Des Voeux Road Central, Hong Kong, by telephone +852-2848-4373.The Company plans to use the net proceeds from the ADS Offering mainly for its margin financing business and general corporate purposes.This press release shall not constitute an offer to sell or a solicitation of an offer to purchase any securities, nor shall there be a sale of the securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.This press release contains information about the pending offering of the ADSs, and there can be no assurance that the offering will be completed.About Futu Holdings LimitedFutu Holdings Limited (NASDAQ: FUTU) is an advanced technology company transforming the investing experience by offering a fully digitized brokerage and wealth management platform. The Company primarily serves the emerging affluent Chinese population, pursuing a massive opportunity to facilitate a once-in-a-generation shift in the wealth management industry and build a digital gateway into broader financial services. The Company provides brokerage services through its proprietary digital platform, Futu NiuNiu, a highly integrated application accessible through any mobile device, tablet or desktop, as well as wealth management services through its Futu Money Plus wealth management platform, which offers over 60 fund products from over 25 leading fund houses around the world. The Company’s primary fee-generating services include trade execution and margin financing which allow its clients to trade securities, such as stocks, warrants, options, futures and exchange-traded funds, or ETFs, across different markets. Futu enhances the user and client experience with market data and news, research, as well as powerful analytical tools, providing them with a data rich foundation to optimize the investing decision-making process. Futu has also embedded social media tools to create a network centered around its users and provide connectivity to users, investors, companies, analysts, media and key opinion leaders.Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Such statements are based upon management’s current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond Futu’s control. Futu may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Futu’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Futu’s goal and strategies; Futu’s expansion plans; Futu’s future business development, financial condition and results of operations; Futu’s expectations regarding demand for, and market acceptance of, its products and services; Futu’s expectations regarding keeping and strengthening its relationships with third-party partners it collaborates with; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Futu’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Futu does not undertake any obligation to update any forward-looking statement, except as required under applicable law.For investor inquiries, please contact:Investor Relations Futu Holdings Limited ir@futuholdings.com
- 08/19/2020
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Futu Announces Proposed Offering of 9,500,000 American Depositary Shares
- HONG KONG, Aug. 17, 2020 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (NASDAQ: FUTU), a leading one-stop financial technology platform in China, today announced the commencement of the offering of 9,500,000 American depositary shares (the “ADSs”), each representing eight Class A ordinary shares of the Company (the “ADS Offering”). The Company intends to grant the underwriters in the ADS Offering a 30-day option to purchase up to an additional 1,425,000 ADSs. Goldman Sachs (Asia) L.L.C., Credit Suisse Securities (USA) LLC, UBS Securities LLC and Haitong International Securities Company Limited are acting as joint bookrunners for the ADS Offering.The ADSs will be offered under the Company’s shelf registration statement on Form F-3 which was filed with the Securities and Exchange Commission (the “SEC”) and automatically became effective on August 17, 2020. A preliminary prospectus supplement related to the proposed ADS Offering has been filed with the SEC. The registration statement on Form F-3 and the preliminary prospectus supplement are available at the SEC website at: http://www.sec.gov. Copies of the preliminary prospectus supplement and the accompanying prospectus may be obtained from (1) Goldman Sachs & Co., 200 West Street, New York, NY 10282, Attention: Prospectus Department, by telephone at +1-866-471-2526, or by e-mail at prospectus-ny@gs.com; (2) Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, NY 10010, or by telephone at +1-800-221-1037, or by email at newyork.prospectus@credit-suisse.com; (3) UBS Securities LLC, Attention: Prospectus Department, 1285 Avenue of the Americas, New York, NY, 10019, United States of America, or by telephone at +1-888-827-7275; and (4) Haitong International Securities Company Limited, Attention: Equity Capital Markets, 22/F Li Po Chun Chambers, 189 Des Voeux Road Central, Hong Kong, by telephone +852-2848-4373.The Company plans to use the net proceeds from the ADS Offering mainly for its margin financing business and general corporate purposes.This press release shall not constitute an offer to sell or a solicitation of an offer to purchase any securities, nor shall there be a sale of the securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.This press release contains information about the pending offering of the ADSs, and there can be no assurance that the offering will be completed.About Futu Holdings LimitedFutu Holdings Limited (NASDAQ: FUTU) is an advanced technology company transforming the investing experience by offering a fully digitized brokerage and wealth management platform. The Company primarily serves the emerging affluent Chinese population, pursuing a massive opportunity to facilitate a once-in-a-generation shift in the wealth management industry and build a digital gateway into broader financial services. The Company provides brokerage services through its proprietary digital platform, Futu NiuNiu, a highly integrated application accessible through any mobile device, tablet or desktop, as well as wealth management services through its Futu Money Plus wealth management platform, which offers over 60 fund products from over 25 leading fund houses around the world. The Company’s primary fee-generating services include trade execution and margin financing which allow its clients to trade securities, such as stocks, warrants, options, futures and exchange-traded funds, or ETFs, across different markets. Futu enhances the user and client experience with market data and news, research, as well as powerful analytical tools, providing them with a data rich foundation to optimize the investing decision-making process. Futu has also embedded social media tools to create a network centered around its users and provide connectivity to users, investors, companies, analysts, media and key opinion leaders.Safe Harbor StatementThis announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Such statements are based upon management’s current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond Futu’s control. Futu may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Futu’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Futu’s goal and strategies; Futu’s expansion plans; Futu’s future business development, financial condition and results of operations; Futu’s expectations regarding demand for, and market acceptance of, its products and services; Futu’s expectations regarding keeping and strengthening its relationships with third-party partners it collaborates with; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Futu’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Futu does not undertake any obligation to update any forward-looking statement, except as required under applicable law.For investor inquiries, please contact:Investor Relations Futu Holdings Limited ir@futuholdings.com
- 08/17/2020
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U.S. Stocks Are Keeping China’s Amateur Investors Awake at Night
- (Bloomberg) -- A growing number of amateur stock traders in China are making their biggest decisions in the dead of night.It was 4 a.m. when Li Bohao, a 23-year-old Beijing native, got a panicked call from a friend telling him to sell all his shares of Nio Inc., the U.S.-listed Chinese electric-car company dubbed the “Tesla of China.” The stock was on the slide and analysts were speculating it could soon be worthless. Li took the advice — and missed out. Nio’s shares are now worth over four times more than when he sold in March. The comic animation entrepreneur, however, has no regrets.“I don’t look at the prices of stocks I’ve already sold,” Li said. “I’ve learned not to have doubts.”While the newbie U.S. traders flocking to Robinhood Markets Inc.’s booming trading app have garnered headlines, they’re not the only novices piling in to stocks listed in New York. Li is one of a new cohort of Chinese retail investors looking beyond the frenzied local A-share market and overseas for opportunities.Trading volumes of U.S. stocks on Futu Holdings Ltd.’s app, China’s largest online trading platform for overseas equities, more than tripled in the first three months of the year after staying more or less constant in 2019, according to Citigroup Inc. estimates. It jumped again in the second quarter to $55.4 billion.Fewer restrictions — such as the ability to short sell (bet that a stock will fall) and looser limits on price fluctuations— have made equities traded in New York attractive even as the domestic Chinese market runs red hot. The Shanghai benchmark equity index is up about 10% this year versus the S&P 500’s 4%. The growing interest is despite China’s capital controls, which mean individuals are only allowed to take $50,000 outside the country each year. Futu doesn’t convert Renminbi for clients, meaning they already need to have foreign currency funds.Another key lure of the U.S. is perceived rationality. In China, mom-and-pop investors account for the lion’s share of local stock trading, making share prices vulnerable to extreme swings in popular sentiment.“In the A-share market, it’s very often just chasing the momentum or chasing the scene,” Daphne Poon, a Hong Kong-based analyst at Citigroup, said. “In the Hong Kong and U.S. market, you have a much bigger share of institutional investors, so it’s a more values-driven, or fundamentals-driven market.”Read more: ‘No way I can lose’: Inside China’s stock-market frenzyThat’s what drew in David Zhou, 20, who began investing in U.S. stocks while at college in New York. “I think the U.S. market is more stable, because investors are more rational and there’s a longer record of history you can look at,” Zhou said from Shanghai. “With Chinese stocks, there are lots of busts and bursts and irrational pricing, which makes valuation really hard.”While the chance to own global brands like Apple Inc. and Tesla Inc. is a draw, so is the ability to invest in what you know. Over 400 Chinese-domiciled companies are currently listed on U.S. stock exchanges and some of China’s most ubiquitous brands, including popular e-commerce platform Pinduoduo Inc. and video sharing website Bilibili Inc., are only publicly available through their American depositary receipts, giving Chinese investors added incentive to venture abroad.Zhou started off with U.S.-listed Chinese companies, including the video-sharing website Bilibili, the Chinese version of YouTube. Many of his Chinese friends were loyal users of the platform, which filters videos for their length and quality, when most people in the U.S. had barely heard of the service. He sold the stock in June after the share price more than doubled within three months.“A major barrier for me when I try to look at U.S. companies is that I really don’t use the products, so everything is just kind of more intangible to me,” he said. “The Chinese companies, those products I use everyday.”As such, one of the strongest headwinds to growth is increased geopolitical tensions, which threaten to deter Chinese companies from the U.S. In May, the U.S. Senate passed legislation that could force major Chinese firms to delist from U.S. exchanges. There are early signs mainland companies are starting to look elsewhere to raise capital, with the likes of billionaire Jack Ma’s Ant Group eschewing New York’s capital markets altogether to pursue a dual-listing in Hong Kong and Shanghai.“In the past, a lot of the high-quality issuers that are of particular interest to China’s retail investors listed in the U.S.,” said Kelvin Chu, Greater China insurance analyst at UBS Group AG. “That may change in the medium term.”As more Chinese firms have secondary listings in Hong Kong, Chu says more retail money may follow them there. However, he doesn’t expect the desire among mainlanders for other jurisdictions to go away. As China’s middle class grows, so does the desire for diversification with the number of Chinese investors with overseas interests expected to double to 66.3 million by 2023, according to a CapitalWatch estimate.“The investment will still go on,” Chu said. “Whether or not the flows go to the U.S., or some other part of the globe.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 08/15/2020
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Futu Holdings Limited (FUTI) CEO Robert Gould on Q2 2020 Results - Earnings Call Transcript
- Futu Holdings Limited (FUTI) Q2 2020 Earnings Conference Call August 13, 2020 08:00 AM ET Company Participants Daniel Yuan - Chief of Staff Leaf Li - Founder, Chairman and CEO Arthur Chen - CFO Robin Xu - SVP Conference Call Participants Weicheng Tang - Goldman Sachs Daphne Poon - Citi Yiran Zhong - Credit Suisse Lily Liu - HSBC Vincent Cao - Point72 Presentation Operator Hello, ladies and gentlemen.
- 08/13/2020
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Futu Announces Second Quarter 2020 Unaudited Financial Results
- HONG KONG, Aug. 13, 2020 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (NASDAQ: FUTU), a leading tech-driven online brokerage and wealth management platform in China, today announced its unaudited financial results for the second quarter ended June 30, 2020. Second Quarter 2020 Operational Highlights * Total number of paying clients1 increased 84.0% year-over-year to 303,102. * Total number of registered clients2 increased 55.4% year-over-year to 954,950. * Total number of users3 increased 52.1% year-over-year to 9.3 million. * Total client assets increased 108.4% year-over-year to HK$142.4 billion. * Daily average client assets were HK$118.8 billion in the second quarter of 2020, an increase of 81.7% from the same period in 2019. * Total trading volume increased 202.1% year-over-year to HK$643.9 billion, in which trading volume for US stocks was HK$429.3 billion, trading volume for Hong Kong stocks was HK$209.0 billion, and trading volume for stocks under the Stock Connect was HK$5.5 billion. * Daily average revenue trades (DARTs) 4 increased 142.4% year-over-year to 263,335. * Margin financing and securities lending balance increased 82.9% year-over-year to HK$7.5 billion.Second Quarter 2020 Financial Highlights * Total revenues increased 164.6% year-over-year to HK$687.6 million (US$88.7 million). * Total gross profit increased 172.2% year-over-year to HK$533.8 million (US$68.9 million). * Net income increased 327.7% year-over-year to HK$236.5 million (US$30.5 million). * Non-GAAP adjusted net income5 increased 310.1% year-over-year to HK$242.8 million (US$31.3 million).Mr. Leaf Hua Li, Futu’s Chairman and Chief Executive Officer, said, “We are pleased to announce that we continued to achieve exponential growth across our operating and financial metrics in the second quarter of 2020 following a very successful first quarter. We added 64,566 paying clients on a net basis in the second quarter, bringing our total number of paying clients to 303,102, up 84.0% year-over-year. The growth rate of our China mainland paying clients hit a record high since the fourth quarter of 2018, and the growth of Hong Kong paying clients further accelerated to 125.2% year-over-year.”“During our full year 2019 earnings call, we guided for 90,000 paying clients addition in 2020. Six months into 2020, we have already exceeded our full year growth target. We are now lifting our guidance to 280,000 net new paying clients this year, which translates to 141% year-over-year growth in our total number of paying clients.”“Besides total paying clients, we also saw strong growth momentum in total client assets and stable client retention. In the second quarter, we maintained a high paying client quarterly retention rate of 98.0%. With growth in both paying clients and average assets per client, our total client assets reached HK$142.4 billion, representing 108.4% growth on a year-over-year basis and 44.0% growth on a quarter-over-quarter basis.”“Total trading volume reached a historic high of HK$643.9 billion, representing 202.1% year-over-year growth. US stock trading volume was HK$429.3 billion, which accounted for 66.7% of our total trading volume.”“Our clients’ total subscription for JD.com and NetEase’s Hong Kong IPOs both exceeded HK$15 billion. We believe that the increase in US-listed Chinese companies seeking secondary listing in Hong Kong and the surge of high-profile Hong Kong IPOs will act as major tailwinds to our growth. Our target markets continue to offer tremendous growth opportunities, and we will capitalize on these opportunities with our rising brand awareness and our capabilities to deliver superior user experience.”“Money Plus maintained strong growth in the second quarter, and will continue to be our strategic focus going forward. We established partnerships with eight reputable mutual fund managers, including T. Rowe Price, Franklin Templeton and Amundi. Since June, we have also started offering professional investors private equity funds. Total client assets in wealth management reached HK$8.6 billion as of June 30, 2020, representing 37% sequential growth.”“I am pleased to share that on August 12, Futu Singapore Pte. Ltd. was granted in-principle approval from the Monetary Authority of Singapore for the Capital Markets Services (CMS) license application. This marks a milestone of our internationalization, and we will continue to look for new markets to extend the footprint of our business.”Second Quarter 2020 Financial ResultsRevenuesTotal revenues were HK$687.6 million (US$88.7 million), an increase of 164.6% from HK$259.9 million in the second quarter of 2019.Brokerage commission and handling charge income was HK$409.5 million (US$52.8 million), an increase of 234.8% from HK$122.3 million in the second quarter of 2019. The rise was mainly due to the 202.1% year-on-year growth of our total trading volume.Interest income was HK$207.9 million (US$26.8 million), an increase of 82.5% from HK$113.9 million in the second quarter of 2019. We generated higher interest income from IPO financing due to an active Hong Kong IPO market, higher bank interest income due to higher idle cash balance from clients as well as higher margin financing interest income due to the increase in daily average margin financing balances.Other income was HK$70.2 million (US$9.1 million), an increase of 197.5% from HK$23.6 million in the second quarter of 2019. The growth was primarily due to an increase in our IPO subscription service charge income, mutual fund distribution income and currency exchange service income.CostsTotal costs were HK$153.8 million (US$19.8 million), an increase of 141.1% from HK$63.8 million in the second quarter of 2019.Brokerage commission and handling charge expenses were HK$77.0 million (US$9.9 million), an increase of 216.9% from HK$24.3 million in the second quarter of 2019. The growth was roughly in line with our trading volume growth.Interest expenses were HK$40.2 million (US$5.2 million), an increase of 113.8% from HK$18.8 million in the same period of 2019. The increase was primarily due to a higher IPO financing interest expense.Processing and servicing costs were HK$36.6 million (US$4.7 million), an increase of 76.8% from HK$20.7 million in the second quarter of 2019. The growth was primarily due to an increase in market information and data fee as the Company continued to expand market data service and an increase in cloud service fees to support expanding business.Gross ProfitTotal gross profit was HK$533.8 million (US$68.9 million), an increase of 172.2% from HK$196.1 million in the second quarter of 2019.Gross profit margin increased from 75.5% in the second quarter of 2019 to 77.6% in the second quarter of 2020, primarily attributable to higher operating leverage as a result of our larger business scale.Operating ExpensesTotal operating expenses were HK$264.2 million (US$34.1 million), an increase of 82.3% from HK$144.9 million in the second quarter of 2019.Research and development expenses were HK$117.3 million (US$15.1 million), an increase of 84.1% from HK$63.7 million in the second quarter of 2019. The increase was primarily due to an increase in research and development headcount to support our business growth.Selling and marketing expenses were HK$96.3 million (US$12.4 million), an increase of 127.7% from HK$42.3 million in the second quarter of 2019. The increase was primarily due to higher branding and marketing spending.General and administrative expenses were HK$50.6 million (US$6.5 million), an increase of 30.1% from HK$38.9 million in the second quarter of 2019. The increase was primarily due to an increase in headcount for general and administrative personnel.Net IncomeNet income increased by 327.7% to HK$236.5 million (US$30.5 million) from HK$55.3 million in the second quarter of 2019. The increase was primarily due to strong revenue growth and significant operating leverage.Non-GAAP adjusted net income increased by 310.1% to HK$242.8 million (US$31.3 million) from HK$59.2 million in the corresponding period of 2019. Non-GAAP adjusted net income is defined as net income excluding share-based compensation expenses. For further information, see "Use of Non-GAAP Financial Measures" at the bottom of this press release.Net Income per ADSBasic net income per American Depositary Share (“ADS”) was HK$1.88 (US$0.24), compared with HK$0.50 in the second quarter of 2019. Diluted net income per ADS was HK$1.86 (US$0.24), compared with HK$0.44 in the second quarter of 2019. Each ADS represents eight Class A ordinary shares.Conference Call and Webcast Futu's management will hold an earnings conference call on Thursday, August 13, 2020, at 8:00 AM U.S. Eastern Time (8:00 PM on the same day, Beijing/Hong Kong Time).Please note that all participants will need to pre-register for the conference call, using the link http://apac.directeventreg.com/registration/event/1560546. It will automatically lead to the registration page of "Futu Holdings Ltd Second Quarter 2020 Earnings Conference Call", where details for RSVP are needed. When requested to submit a participant conference ID, please enter the number "1560546".Upon registering, all participants will be provided in confirmation emails with participant dial-in numbers, Direct Event passcodes and unique registrant IDs to access the conference call. Please dial in 10 minutes prior to the call start time using the conference access information.A telephone replay will be available after the conclusion of the conference call through 9:59 AM U.S. Eastern Time, August 21, 2020. The dial-in details are:International:+61-2-8199-0299 US:+1-646-254-3697 Hong Kong:+852-3051-2780 Passcode:1560546 Additionally, a live and archived webcast of this conference call will be available at https://ir.futuholdings.com/.
- 08/13/2020
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Futu to Report Second Quarter 2020 Financial Results on August 13, 2020
- HONG KONG, Aug. 03, 2020 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (NASDAQ: FUTU), a leading tech-driven online brokerage and wealth management platform in China, today announced that it will report its financial results for the second quarter ended June 30, 2020, before U.S. markets open on August 13, 2020. Futu's management will hold an earnings conference call on Thursday, August 13, 2020, at 8:00 AM U.S. Eastern Time (8:00 PM on the same day, Beijing/Hong Kong Time).Please note that all participants will need to pre-register for the conference call, using the link http://apac.directeventreg.com/registration/event/1560546. It will automatically lead to the registration page of "Futu Holdings Ltd Second Quarter 2020 Earnings Conference Call", where details for RSVP are needed. When requested to submit a participant conference ID, please enter the number "1560546".Upon registering, all participants will be provided in confirmation emails with participant dial-in numbers, Direct Event passcodes and unique registrant IDs to access the conference call. Please dial in 10 minutes prior to the call start time using the conference access information.A telephone replay will be available after the conclusion of the conference call through 9:59 AM U.S. Eastern Time, August 21, 2020. The dial-in details are:International:+61-2-8199-0299 US:+1-646-254-3697 Hong Kong:+852-3051-2780 Passcode:1560546 Additionally, a live and archived webcast of this conference call will be available at https://ir.futuholdings.com/. About Futu Holdings LimitedFutu Holdings Limited (NASDAQ: FUTU) is an advanced technology company transforming the investing experience by offering a fully digitized brokerage and wealth management platform. The Company primarily serves the emerging affluent Chinese population, pursuing a massive opportunity to facilitate a once-in-a-generation shift in the wealth management industry and build a digital gateway into broader financial services. The Company provides investing services through its proprietary digital platform, Futu NiuNiu, a highly integrated application accessible through any mobile device, tablet or desktop. The Company's primary fee-generating services include trade execution and margin financing which allow its clients to trade securities, such as stocks, warrants, options and exchange-traded funds, or ETFs, across different markets. Futu enhances the user and client experience with market data and news, research, as well as powerful analytical tools, providing them with a data rich foundation to simplify the investing decision-making process. Futu has also embedded social media tools to create a network centered around its users and provide connectivity to users, investors, companies, analysts, media and key opinion leaders.Investor ContactInvestor Relations Futu Holdings Limited ir@futuholdings.com
- 08/03/2020
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Founder Hits Jackpot Thanks to China’s Love of Stock Trading
- (Bloomberg) -- When the coronavirus put a halt on people’s lives in China in February, Justin Jin’s old university classmates thought about selling face masks to make money. The 21-year-old suggested they instead try their luck with two stocks: Tesla Inc. and Tencent Holdings Ltd.That’s when Jin’s two friends began using the Futubull app, one of the Chinese platforms that allow mainland investors to buy foreign equities. The decision paid off. Both stocks soared as part of a global rally that has enticed a wave of novice investors.“When I first started, there were only three or four friends who used Futu,” Jin said. “Now there are at least three or four dozen.”Thanks to them and many others, Futu Holdings Ltd., a Chinese online brokerage and wealth-management platform, now counts more than 1 million registered users, a 23% increase from the first quarter. Its American depositary receipts have almost quadrupled since a low in March, propelling the fortune of its founder and chairman, Leaf Hua Li, to $1.5 billion, according to the Bloomberg Billionaires Index.Tencent EmployeeLi, 43, was Tencent’s 18th founding employee and left to start Futu after growing frustrated with the software he used to trade Hong Kong stocks, according to a CapitalWatch interview in January. The online broker, backed by the Chinese internet giant, was formally incorporated under Hong Kong law in April 2012. Li owns 40% of its outstanding shares.A company spokesman declined to comment on Li’s net worth.Retail investors have always been a driving force in China’s stock market, but with the pandemic keeping people home, more amateur traders have emerged. Futu reported a 60% surge in new paying clients -- those with assets in their trading accounts -- in the first quarter, with much of it coming from Hong Kong. Big-name stocks like Tencent, Tesla and Alibaba Group Holding Ltd. fueled the surge during the peak of China’s coronavirus crisis in February, according to a statement.One of Futu’s main draws is that, unlike mainland competitors, it has licenses that allow users to go beyond the domestic market and buy equities from the U.S. and Hong Kong. This year’s high-profile secondary listings in the city from JD.com Inc. and NetEase Inc. have enticed more investors, as has the months-long rebound in U.S. stocks, according to Bank of China International analyst Nanyang He.“Futu has benefited from strong market sentiments in terms of raising trading velocity and increasing IPO subscription revenue,” He said.Shares SurgeFutu shares have risen 148% since the company listed in New York in March 2019, outpacing rival Up Fintech Holding Ltd., which went public the same month.While the competition is rife -- Chinese brokerage firm Huatai Securities Co. just launched its own U.S. stock-trading app -- Futu is betting on the increasing number of Chinese citizens looking to diversify their investments globally, He said. The company started a series of MSCI index futures products this month.Li began his career at Tencent after receiving a bachelor’s degree in computer science and technology from Hunan University in 2000. He was an early researcher of the QQ messaging software and founded Tencent Video, now one of the largest video-streaming platforms in China.Li credits his time at Tencent for building his business acumen and said he was inspired by the company’s founders, Pony Ma and Zhang Zhidong, according to the CapitalWatch interview. Tencent remains Futu’s largest institutional backer, and several of its employees were key in helping the online broker grow over the past decade.Still, Li hopes he’ll ultimately be defined by his legacy at Futu.“For a long time, people wondered why I left Tencent at its peak of growth,” Li said in the interview. “Now that Futu has made it, the weight of importance has changed.”(Updates share move since IPO in 10th paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 07/29/2020
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The Futu Holdings (NASDAQ:FUTU) Share Price Is Up 159% And Shareholders Are Boasting About It
- Unless you borrow money to invest, the potential losses are limited. But when you pick a company that is really...
- 07/21/2020
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ROSEN, A TOP RANKED FIRM, Continues Its Investigation of Securities Claims Against Futu Holdings Limited – FUTU
- Rosen Law Firm, a global investor rights law firm, continues its investigation of potential securities claims on behalf of shareholders of Futu Holdings Limited (NASDAQ: FUTU) resulting from allegations that Futu may have issued materially misleading business information to the investing public.
- 07/21/2020
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China's Huatai joins chase to bank rich retail investors trading offshore
- China's Huatai joins chase to bank rich retail investors trading offshore
- 07/21/2020
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FUTU ALERT: ROSEN, NATIONAL INVESTOR COUNSEL, Continues to Investigate Securities Claims Against Futu Holdings Limited – FUTU
- NEW YORK, July 10, 2020 -- Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Futu Holdings.
- 07/10/2020
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FUTU Investor Alert: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Futu Holdings Limited and Encourages Investors to Contact the Firm
- NEW YORK, NY / ACCESSWIRE / July 8, 2020 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Futu Holdings Limited ("Futu" or "the Company") ...
- 07/08/2020
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Say Signs with Futu to Power Investor Communications Experience for All Investors
- Say, a technology platform reshaping investor communications, has signed a multi-year agreement with Futu Inc., a digital broker with a rapidly growing user base drawn from its network of affiliates in the U.S. and Asia, to provide engaging, mobile-first investor communications to Futu’s clients. Say prioritizes investors by delivering the most innovative, transparent, and engaging investor communication experience in the market. Say’s industry-leading proxy processing, post-sale prospectus delivery, and voluntary corporate actions services complement Futu’s existing offering, which includes zero-commission trading, free Level 2 market data, and rich, in-depth intuitive tools for investors.
- 07/08/2020
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The Emerging Markets Internet & Ecommerce ETF (EMQQ) Announces Strong One-Year Performance and the Results of its Semi-Annual Rebalancing | | IT Business Net
- Alibaba Health Information Technology Co., Kingsoft Technology, and 360 Finance are among the new names added to EMQQ's underlying Index SAN FRANCISCO--(BUSINESS WIRE)--The Emerging Market Intern
- 07/01/2020
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The Emerging Markets Internet & Ecommerce ETF (EMQQ) Announces Strong One-Year Performance and the Results of its Semi-Annual Rebalancing
- The fast growing EMQQ ETF is announcing strong 2020 YTD performance and the results of its recent index rebalance.
- 07/01/2020
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IMPORTANT INVESTOR NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Futu Holdings Limited and Encourages Investors with Losses of $100,000 to Contact the Firm
- LOS ANGELES, CA / ACCESSWIRE / June 26, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Futu Holdings Limited ("Futu" or "the Company") (NASDAQGS:FUTU) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Futu sold 7,500,000 American Depository Shares ("ADSs") on March 7, 2020, priced at $12.00 per ADS.
- 06/26/2020
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FUTU ALERT: ROSEN, A RECOGNIZED LAW FIRM, Continues to Investigate Securities Claims Against Futu Holdings Limited – FUTU
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FUTU ALERT: ROSEN, A RECOGNIZED LAW FIRM, Continues to Investigate Securities Claims Against Futu Holdings Limited – FUTU
- NEW YORK, June 26, 2020 -- Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Futu Holdings.
- 06/26/2020
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ONGOING INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Futu Holdings Limited and Encourages Investors with Losses of $100,000 to Contact the Firm
- Los Angeles, California--(Newsfile Corp. - June 24, 2020) - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Futu Holdings Limited (NASDAQ: FUTU) ("Futu" or "the Company") for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Futu sold 7,500,000 American Depository Shares ("ADSs") on March 7, ...
- 06/24/2020
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SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Futu Holdings Limited and Encourages Investors with Losses of $100,000 to Contact the Firm
- LOS ANGELES, CA / ACCESSWIRE / June 24, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Futu Holdings Limited ("Futu" or "the Company") (NASDAQGS:FUTU) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Futu sold 7,500,000 American Depository Shares ("ADSs") on March 7, 2020, priced at $12.00 per ADS.
- 06/24/2020
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FUTU Investor Alert: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Futu Holdings Limited and Encourages Investors to Contact the Firm
- Attorney Advertising-- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Futu Holdings Limited
- 06/24/2020
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INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Futu Holdings Limited and Encourages Investors with Losses of $100,000 to Contact the Firm | MarketScreener
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INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Futu Holdings Limited and Encourages Investors with Losses of $100,000 to Contact the Firm
- INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Futu Holdings Limited.
- 06/23/2020
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FUTU Investor Alert: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Futu Holdings Limited and Encourages Investors to Contact the Firm
- NEW YORK, NY / ACCESSWIRE / June 23, 2020 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Futu Holdings Limited ("Futu" or "the Company") ...
- 06/23/2020
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INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Futu Holdings Limited and Encourages Investors with Losses of $100,000 to Contact the Firm
- INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Futu Holdings Limited.
- 06/23/2020
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INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Futu Holdings Limited and Encourages Investors with Losses of $100,000 to Contact the Firm
- INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Futu Holdings Limited
- 06/22/2020
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ROSEN, A LEADING NATIONAL FIRM, Announces Investigation of Securities Claims Against Futu Holdings Limited – FUTU
- Rosen Law Firm, a global investor rights law firm, announces investigation of potential securities claims on behalf of shareholders of Futu Holdings Limited (NASDAQ: FUTU) resulting from allegations that Futu may have issued materially misleading business information to the investing public.
- 06/22/2020
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ROSEN, A LEADING NATIONAL FIRM, Announces Investigation of Securities Claims Against Futu Holdings Limited – FUTU
- Rosen Law Firm, a global investor rights law firm, announces investigation of potential securities claims on behalf of shareholders of Futu Holdings L
- 06/22/2020
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Is Futu Holdings Limited (FUTU) A Good Stock To Buy?
- The financial regulations require hedge funds and wealthy investors that exceeded the $100 million equity holdings threshold to file a report that shows their positions at the end of every quarter. Even though it isn't the intention, these filings to a certain extent level the playing field for ordinary investors. The latest round of 13F […]
- 05/27/2020
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A Rising Share Price Has Us Looking Closely At Futu Holdings Limited's (NASDAQ:FUTU) P/E Ratio
- Futu Holdings (NASDAQ:FUTU) shares have had a really impressive month, gaining 34%, after some slippage. And the full...
- 05/20/2020
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I Ran A Stock Scan For Earnings Growth And Futu Holdings (NASDAQ:FUTU) Passed With Ease
- It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...
- 05/15/2020
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Futu Announces First Quarter 2020 Unaudited Financial Results
- HONG KONG, May 14, 2020 -- Futu Holdings Limited (“Futu” or the “Company”) (NASDAQ: FUTU), a leading tech-driven online brokerage and wealth management platform in China, today.
- 05/14/2020
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Futu to Report First Quarter 2020 Financial Results on May 14, 2020
- HONG KONG, May 06, 2020 -- Futu Holdings Limited (“Futu” or the “Company”) (NASDAQ: FUTU), a leading tech-driven online brokerage and wealth management platform in China, today.
- 05/06/2020
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Futu Holdings Limited Announces Filing of Its Annual Report on Form 20-F for Fiscal Year 2019
- HONG KONG, April 27, 2020 -- Futu Holdings Limited (“Futu” or the “Company”) (NASDAQ: FUTU), a leading tech-driven online brokerage and wealth management platform in China,.
- 04/27/2020
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Charles Schwab (NYSE:SCHW) vs. Futu (NYSE:FHL) Critical Review
- Charles Schwab (NYSE:SCHW) and Futu (NASDAQ:FHL) are both finance companies, but which is the better investment? We will compare the two businesses based on the strength of their dividends, profitability, valuation, analyst recommendations, earnings, risk and institutional ownership. Profitability This table compares Charles Schwab and Futu’s net margins, return on equity and return on assets. […]
- 04/16/2020
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Reviewing Futu (NASDAQ:FHL) & Interactive Brokers Group (NASDAQ:IBKR)
- Futu (NASDAQ:FHL) and Interactive Brokers Group (NASDAQ:IBKR) are both business services companies, but which is the superior investment? We will contrast the two businesses based on the strength of their analyst recommendations, risk, valuation, dividends, earnings, profitability and institutional ownership. Insider and Institutional Ownership 2.5% of Futu shares are owned by institutional investors. Comparatively, 16.7% […]
- 03/23/2020
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Raymond James (NYSE:RJF) vs. Future Healthcare of America (NYSE:FUTU) Head to Head Comparison
- Raymond James (NYSE:RJF) and Future Healthcare of America (OTCMKTS:FUTU) are both finance companies, but which is the superior investment? We will compare the two companies based on the strength of their valuation, profitability, dividends, analyst recommendations, earnings, institutional ownership and risk. Valuation and Earnings This table compares Raymond James and Future Healthcare of America’s gross […]
- 03/22/2020
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Hong Kong-based online broker Futu beats earnings expectations, as COVID-19 has had little effect
- Futu Holdings Ltd. reported Wednesday fourth-quarter revenue that rose well above expectations, as the Hong Kong-based digitized brokerage company benefited from its new mutual fund distribution business and an "active" IPO market. Net income rose to HK$43.9 million ($5.6 million), or HK35 cents a share, from HK$38.2 million a year ago. The FactSet consensus was for HK20 cents a share. Revenue grew 37% to HK$310.9 million ($39.9 million), as brokerage commission and handling charge income rose 34%, interest income increased 24.5% and other income nearly tripled (up 186%). "Given that our business is 100% online, our operating metrics haven't demonstrated much negative impact from the outbreak of COVID-19 so far," said Chief Executive Leaf Hua Li. "The launch of new products may be delayed in the first quarter, but we do not believe such delay will weigh on the long-term growth prospects of our business." The stock, which fell 3.2% in premarket trading, has lost 14% over the past month through Tuesday, while the S&P; 500 has lost 25%.
- 03/18/2020
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Futu Holdings Ltd. to Host Earnings Call
- NEW YORK, NY / ACCESSWIRE / March 18, 2020 / Futu Holdings Ltd. (NASDAQ:FUTU) will be discussing their earnings results in their 2019 Fourth Quarter Earnings call to be held on March 18, 2020 at 8:00 AM ...
- 03/18/2020
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Futu Announces Fourth Quarter and Full Year 2019 Unaudited Financial Results
- HONG KONG, March 18, 2020 -- Futu Holdings Limited (“Futu” or the “Company”) (NASDAQ: FUTU), a leading tech-driven online brokerage and wealth management platform in China,.
- 03/18/2020
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Here's What Futu Holdings Limited's (NASDAQ:FUTU) P/E Is Telling Us
- This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...
- 03/10/2020
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Futu to Report Fourth Quarter and Full Year 2019 Financial Results on March 18, 2020
- HONG KONG, March 04, 2020 -- Futu Holdings Limited (“Futu” or the “Company”) (NASDAQ: FUTU), a leading tech-driven online brokerage and wealth management platform in China,.
- 03/04/2020
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Head to Head Survey: Future Healthcare of America (OTCMKTS:FUTU) and Interactive Brokers Group (OTCMKTS:IBKR)
- Future Healthcare of America (OTCMKTS:FUTU) and Interactive Brokers Group (NASDAQ:IBKR) are both business services companies, but which is the superior investment? We will compare the two businesses based on the strength of their institutional ownership, valuation, risk, earnings, dividends, profitability and analyst recommendations. Institutional and Insider Ownership 2.3% of Future Healthcare of America shares are […]
- 02/22/2020
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12 Financial Services Stocks Moving In Tuesday's Pre-Market Session
- Gainers
Hercules Capital, Inc. (NYSE: HTGC) stock rose 0.6% to $14.49 during Tuesday's pre-market session. According to the most recent rating by Wells Fargo, on...
- 01/21/2020
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Futu Announces Third Quarter 2019 Unaudited Financial Results
- HONG KONG, Nov. 22, 2019 -- Futu Holdings Limited (“Futu” or the “Company”) (NASDAQ: FUTU), a leading tech-driven online brokerage platform in China, today announced its.
- 11/22/2019
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Futu to Report Third Quarter 2019 Financial Results on November 22, 2019
- HONG KONG, Nov. 11, 2019 -- Futu Holdings Limited (“Futu” or the “Company”) (NASDAQ: FHL), a leading tech-driven online brokerage platform in China, today announced that it.
- 11/11/2019
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Futu Announces NASDAQ Ticker Symbol Change to “FUTU”
- Futu Holdings Limited (“FUTU” or the “Company”) (FUTU), a leading tech-driven online brokerage platform in China, today announced that the Company's ticker symbol on the Nasdaq Global Select Market has changed to “FUTU” from “FHL”. Trading under the new ticker symbol began on Thursday, October 17, 2019.
- 10/18/2019
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Xiaomi-Backed Tiger Brokers Raises $104M In US IPO Eyeing Chinese Young Investors
- Xiaomi-Backed Tiger Brokers Raises $104M In US IPO Eyeing Chinese Young Investors – China Money Network - China Money Network
- 03/21/2019
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Tencent-Backed Online Broker Futu Targets US Expansion After NASDAQ IPO
- Tencent-Backed Online Broker Futu Targets US Expansion After NASDAQ IPO – China Money Network - China Money Network
- 03/18/2019
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Hong Kong-Based Online Brokerage Futu Holdings To Raise $120M In Downsized US IPO
- Hong Kong-Based Online Brokerage Futu Holdings To Raise $120M In Downsized US IPO – China Money Network - China Money Network
- 02/27/2019
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