Futu Holdings Limited Stock Price, News & Analysis

Futu Holdings Limited (Nasdaq: FUTU) will report its Q3 2022 financial results on November 21, 2022, before U.S. markets open. Management will hold an earnings conference call at 7:30 AM Eastern Time on the same day. Participants must pre-register for the call to receive dial-in information. Futu is revolutionizing the wealth management industry with its digital brokerage platform, offering services like trade execution, margin financing, and securities lending through the Futubull and moomoo apps, targeting the emerging affluent demographic.

Moomoo has launched a new earnings calendar feature on its trading app, aimed at enhancing financial literacy and education for users. This tool allows investors to track reporting calendars and company valuations during earnings season. Additionally, the final voting phase for the Tutorial Video Challenge has begun, where nine YouTubers compete by creating videos about this feature. Winners will receive cash prizes totaling $6,000. Moomoo continues to focus on investor education, having rolled out approximately 2,500 online investing courses since its U.S. launch in 2018.

Futu Holdings Limited (Nasdaq: FUTU) reported robust performance in Q2 2022, with total revenues of US$222.6 million and non-GAAP adjusted net income of US$87.7 million. User growth for its platforms, Moomoo and Futubull, surged 20% year-over-year to 18.6 million. Notable metrics include a 30.5% increase in registered clients and a 38.6% rise in paying clients, totaling 1.4 million. Client assets reached US$55.3 billion, and client retention soared to nearly 99%. The company also expanded its regulatory licenses, enhancing its competitive edge in key markets.

Futu Holdings Limited (Nasdaq: FUTU) reported its Q2 2022 financial results, showing a 10.8% increase in total revenues to HK$1,746.7 million (US$222.6 million). The company achieved a 20.2% net income growth to HK$641.7 million (US$81.8 million). Notably, paying clients grew by 38.6% year-over-year, reaching 1,387,146, while total registered clients increased 30.5% to 3,021,790. However, total client assets fell 13.8% to HK$433.6 billion. The company also repurchased 6.5 million ADSs, amounting to US$200 million.

Futu Holdings Limited (Nasdaq: FUTU) will report its financial results for Q2 2022 on August 30, 2022, before U.S. markets open. An earnings conference call will be held at 7:30 AM ET on the same day. Participants must pre-register to access the call and will receive dial-in details via email. Futu, a tech-driven online brokerage, offers digitalized investment services primarily to the emerging affluent population, utilizing platforms like Futubull and moomoo for trading and wealth management.

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.