Futu Holdings Limited Stock Price, News & Analysis

Futu Holdings Limited (Nasdaq: FUTU) announced its long-term issuer credit rating of "BBB-" has been reaffirmed by S&P with a stable outlook. This maintains Futu's recognition as the first Hong Kong brokerage to achieve this rating. S&P highlighted Futu's strong capitalization, risk controls, and international expansion strategy, expecting continued good loan quality. Futu holds about 3% of Hong Kong's brokerage market and has seen significant user growth in international markets like the U.S. and Singapore. Overall, the company is strategically diversifying its offerings and expanding its global presence.

Futu Holdings Limited (Nasdaq: FUTU) announced that S&P Global Ratings reaffirmed its long-term issuer credit rating at ‘BBB-’ with a stable outlook. According to S&P, Futu is well-positioned in the Hong Kong retail brokerage market due to strong client acquisition and retention. The company is diversifying its services, moving into wealth management and enterprise services, to broaden its revenue sources. S&P noted Futu's adequate funding and strong risk-adjusted capital, anticipating continued capital adequacy over the next two years.

Futu Holdings Limited (Nasdaq: FUTU) released a whitepaper analyzing investor behavior amid market volatility in 2022. Key findings indicate that Gen Z investors are the most risk-averse, with equities investment declining by 8.6%, while Gen X investors remain the highest risk-takers with minimal declines. Female investors are diversifying portfolios more than males, allocating more to bonds. Overall, daily trading frequency increased, yet stock weighting decreased across regions, with significant shifts in U.S. investors opting for more fund products.

Futu Singapore Pte. Ltd. has officially become the first digital brokerage to receive full memberships for trading and clearing on the Singapore Exchange (SGX). The announcement took place during a gong-strike ceremony marking its membership in both SGX Derivatives Trading Limited and SGX Securities Trading Limited. As of June 2022, Futu SG has garnered over 100,000 paying clients in under three months, representing 21.5% of Singapore's 20 to 70-year-old permanent resident population. The wealth management segment also experienced a surge, with assets under management increasing by 93% and client numbers rising by 95% quarter-over-quarter.

Futu Holdings Limited (Nasdaq: FUTU) reported strong performance for the quarter ending March 31, 2022, achieving US$209.5 million in total revenues and US$79.4 million in non-GAAP adjusted net income. The company has seen a 27.1% year-over-year increase in users, totaling 18.1 million, and a significant 67.9% increase in paying clients, reaching 1,326,163. Futu's wealth management client assets surged 59.1% year-over-year to HK$20.9 billion, indicating robust growth despite market volatility.

Futu Holdings Limited (Nasdaq: FUTU) reported its first-quarter financial results for 2022, revealing a 25.6% decline in total revenues to HK$1,641.0 million (US$209.5 million) and a 50.8% drop in net income to HK$571.8 million (US$73.0 million). Despite these decreases, the company noted a 67.9% year-over-year increase in paying clients, reaching 1.3 million. Total trading volume fell 41.0% year-over-year to HK$1.3 trillion, while daily average client assets showed slight growth with a 0.9% increase. The quarterly client asset decline was attributed to market losses.

Futu Holdings Limited (Nasdaq: FUTU) announced its first quarter 2022 financial results will be released on June 6, 2022, before U.S. markets open. A conference call to discuss these results will take place on the same day at 7:30 AM ET. Participants must pre-register to gain access to the call. Futu is a tech-driven online brokerage focused on providing a digital investing experience, serving the emerging affluent demographic. It offers services through its platforms, Futubull and moomoo, facilitating trading and wealth management.

Moomoo, a digital financial service platform, has surpassed 18 million users across over 200 countries. Launched in 2018, it offers an extended 16-hour trading window for US stocks, providing retail investors with greater flexibility. The platform features online account opening, access to global markets, and advanced trading tools. Users can benefit from promotions, including up to five free stocks. Moomoo operates under Futu Holdings, listed on Nasdaq since March 8, 2019 (symbol: FUTU).

Futu Holdings Limited (Nasdaq: FUTU) announced the filing of its annual report on Form 20-F for the fiscal year ending December 31, 2021. This report is available on the Company's investor relations website. Shareholders and ADS holders can request a copy of the annual report containing audited consolidated financial statements at no charge. Futu is revolutionizing investing through its digital brokerage and wealth management platform, primarily targeting the emerging affluent population and providing services like trade execution and margin financing.