Futu Holdings Limited Stock Price, News & Analysis

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.

Futu Holdings Limited (Nasdaq: FUTU) reported strong financial results for Q4 and full year 2021, with total revenues growing 35.1% year-over-year to HK$1,602.8 million (US$205.5 million) in Q4. Full-year revenues reached HK$7,115.3 million (US$912.3 million), a 114.9% increase. The number of paying clients surged 140.8% to 1,244,222, while total client assets increased by 43.0% to HK$407.8 billion. However, net income dropped 6.3% to HK$498.8 million (US$64.0 million) due to increased operating expenses and market challenges.

Futu Holdings Limited (Nasdaq: FUTU) announced it will report its financial results for Q4 and FY 2021 on March 11, 2022. The earnings conference call, scheduled for the same day at 7:30 AM U.S. Eastern Time, will provide insights into the company’s performance. Interested participants must pre-register for the call, and those unable to attend can access a telephone replay until March 19, 2022. Futu's advanced tech-driven platform, which caters to affluent clients, offers various trading and wealth management services.

Futu Holdings Limited (Nasdaq: FUTU) announced that its Singapore subsidiary has received in-principle approvals to be a Depository Agent at The Central Depository (CDP) and a Trading and Clearing Member at Singapore Exchange (SGX). Additionally, it has been granted Exempt Financial Adviser status by the Monetary Authority of Singapore (MAS). This expansion enables Futu Singapore to offer trading, clearing, and investment advisory services, reinforcing its position in the Singapore market and enhancing its tech-driven brokerage service offerings.

Futu Holdings Limited (Nasdaq: FUTU) has announced the acquisition of Futu Securities (Australia) Ltd, an Australian subsidiary holding an Australian Financial Services License (AFSL) regulated by ASIC. This strategic acquisition allows Futu to offer online brokerage and financial services in Australia, tapping into a significant market opportunity. The company aims to enhance its presence in the wealth management sector through its digital platforms, Futubull and moomoo, catering primarily to the emerging affluent population.