Futu Holdings Limited Stock Price, News & Analysis

Futu Holdings Limited (Nasdaq: FUTU) will report its third-quarter financial results for the period ending September 30, 2021, on November 24, 2021, before U.S. markets open. An earnings conference call is scheduled for the same day at 7:30 AM U.S. Eastern Time. Participants must pre-register online to join the call. After the call, a telephone replay will be available until December 1, 2021. Futu is a leading online brokerage and wealth management platform, providing a fully digitized experience for investors through its applications, Futubull and moomoo.

Futu Holdings Limited (Nasdaq: FUTU) has announced a $300 million share repurchase program for its American depositary shares (ADSs), set to run until December 31, 2022. The program allows for purchases via open market and private transactions, subject to market conditions and company needs. This move is expected to enhance shareholder value and reflect the company's confidence in its ongoing business model. Funding for the repurchase will come from existing cash reserves.

Futu Holdings Limited (Nasdaq: FUTU) addressed concerns raised by a Chinese media outlet regarding its ability to manage investors' personal data for cross-border trading under the new Personal Information Protection Law (PIPL) effective November 1, 2021. The company confirmed compliance with regulatory requirements and highlighted its commitment to data protection. Futu has completed necessary rectifications since 2019 and continues to monitor regulatory updates. It emphasizes cybersecurity measures and regular inspections to safeguard personal information.

Moomoo, a smart investing platform, has announced its sponsorship of the FinTwit 2021 Conference, taking place from October 8-10, 2021, in Orlando, Florida. Hosted by entrepreneur Jonah Lupton, the event will feature key opinion leaders from the investing community, offering networking and educational opportunities. Attendees will engage in discussions on various investing strategies and trends. Moomoo aims to enhance the investing experience with its innovative tools and has previously partnered with Benzinga for media support. For tickets, visit fintwit2021.com.

Futu Holdings Limited (Nasdaq: FUTU) announced the resignation of Mr. Eric Chi Zhang from its board of directors, effective September 14, 2021, due to personal reasons. His departure does not stem from disagreements with the company. Chairman and CEO Leaf Hua Li expressed gratitude for Mr. Zhang's contributions. Futu is a tech-driven online brokerage and wealth management platform, serving the emerging affluent with services like trade execution and margin financing through its apps, Futubull and moomoo.

Futu Holdings Limited (Nasdaq: FUTU) reported impressive Q2 financial results for the period ending June 30, 2021. Total revenues soared by 129.3% YoY to $203.1 million, marking six consecutive quarters of triple-digit growth. Non-GAAP adjusted net income rose 126.7% YoY to $70.9 million. User growth was significant, with 15.5 million total users and a 230.2% increase in paying clients to 1 million. Additionally, Futu secured an S&P investment grade credit rating of BBB- and was added to the MSCI Hong Kong Index.

Futu Holdings Limited (Nasdaq: FUTU) reported robust operational and financial growth for Q2 2021. Total revenues reached HK$1,576.9 million, up 129.3% year-over-year, while net income rose 125.8% to HK$533.9 million. The number of paying clients surged 230.2% to 1,000,795, and client assets increased by 253.5% to HK$503.2 billion. Key growth drivers included a significant rise in trading volume, particularly in US stocks, and enhancements in wealth management offerings. The company aims to leverage its market position in Hong Kong and expand in Singapore.

Futu Holdings Limited (NASDAQ: FUTU) announced it will report its Q2 2021 financial results before U.S. markets open on August 31, 2021. The company will hold an earnings conference call the same day at 7:30 AM U.S. Eastern Time. Participants need to pre-register for the call and will receive confirmation emails with access details. Following the call, a replay will be available until September 8, 2021. Futu is transforming the investment experience through its digitized brokerage platform, serving the emerging affluent population in wealth management.