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Futu Holdings Ltd Newsroom
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
Airstar Bank to Introduce Futu (FUTU.US)as New Shareholder
Airstar Bank announced that FUTU has injected capital to become its new shareholder. According to Airstar Bank, FUTU's capital injection is mainly to support the bank's business development and promote business diversification, as well as to facilitate the development of the industry ecosystem and help sustain the innovation and popularization of fintech in Hong Kong to deepen financial inclusion
Form 144 | Futu Holdings Ltd(FUTU.US) Director Proposes to Sell $2.13 Million in ADSs
SEC FILLINGS DISCLOSED/ Jun 3, $Futu Holdings Ltd(FUTU.US)$ Director Zhang Jie intends to sell 28,000 shares of its ADSs on Jun 5, with a total market value of approximately $2.13 million.
Deutsche Bank maintains its "Buy" rating and $94.4 price target on Futu Holdings
On May 29, Deutsche Bank released a research report, maintaining a "Buy" rating and $94.4 price target on Futu Holdings. Deutsche Bank pointed out the following highlights:Futu's 1Q24 earnings were 4%
BofA maintains "Buy" rating on Futu Holdings, raises target price to $85.8
On May 29, BofA released a research report, optimistic about FUTU's robust client growth and asset inflows, and raised the target price from $81.00 to $85.80.BofA pointed out the following highlights
Jefferies maintains "Buy" rating on Futu Holdings, raises target prices to $88.4
On May 29, Jefferies released a research report, maintained a "Buy" rating and raised the target price from $70.8 to $88.4. Jefferies pointed out the following highlights:Total revenue grew 3.7% YoY t
CICC Maintains "Outperform" Rating on Futu Holdings, Raises Target Price to $98
On May 29th, 2024, China International Capital Corporation (CICC) released a research report maintaining a "outperform" rating on Futu Holdings and raising their target price to $98. In the report, CI
Futu Holdings Ltd | 6-K: Futu Announces First Quarter 2024 Unaudited Financial Results
Futu Announces First Quarter 2024 Unaudited Financial Results
J.P.Morgan upgrades FUTU from Neutral to Overweight with a price target of $92.00
On May 27, JPMorgan Chase upgraded FUTU from a “neutral” rating to a “overweight” rating and raised their price target from $62 to $92 in a research report.J.P.Morgan pointed out the following highlig
Moomoo Malaysia Empowers Investors with Launch of Fractional Shares as 80% of Young Investors Plan EPF 3 Fund for Investment In The Stock Market
Moomoo Malaysia is proud to announce the expansion of its trading options to include fractional shares of more than 500 US stocks and ETFs on its platform.
BoaA maintains “Buy” rating on Futu Holdings, raises target price to $81.00
On May 14, Bank of America released a research report, optimistic about $Futu Futu Holdings Ltd. (FUTU.US)'s customer growth in the first quarter of '24, and raised the target price from $62.80 to $81.00. Bank of America pointed out the following highlights of Futu: Bank of America expects strong growth in new paying customers in the first quarter of '24, driven by improved market sentiment and a strong start in the Malaysian market (Bank of America expected 136,000; Visible Alpha [VA] agreed forecast was 84,000). Bank of America expects revenue growth of 9% month-on-month in the first quarter of '24 to reach HK$2.6 billion, GA
Futu to Report First Quarter 2024 Financial Results on May 28, 2024
UBS maintains“Buy”rating on Futu Holdings, raises target price to $84.00
On May 13, UBS released a research report, optimistic about Futu's overseas expansion and raised the target price from $74.00 to $84.00. According to UBS, Futu has the following highlights: 2024 first quarter results forecast: UBS expects FUTU to release the first quarter 2024 results at the end of May. UBS expects net profit for the first quarter to be HK$981 million (up 12% month-on-month and down 18% year-on-year), 4% lower than Visible Alpha's agreed forecast. The main reasons for the year-on-year decline are: (1) increased costs of the two financial services; (2) sales and marketing expenses due to rapid expansion of overseas business
Futu Announces the Number of Its Clients in Malaysia Has Surpassed 100,000
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.
Updated--UBS maintains a "Buy" rating on Futu Holdings with a target price of $70.00
On March 16, UBS released a research report to maintain Futu Holdings Ltd. Holdings' “buy” rating and raise the target price to $70 (previously $67).
Updated--JPM downgraded FUTU to Neutral and adjusted its target price to $62
On March 15, JPM updated a research report, downgraded Futu to neutral rating with a $62 price target. JPM believes the current price is fair and upside is limited until Futu shows a solid record of monetizing overseas expansion and product diversification.
J.P. Morgan maintains an increase in FUTU and reaffirms the target price of $64
On March 14, J.P. Morgan Chase released a research report, reaffirming Futu's rating of increasing its holdings, with a target price of 64 US dollars.
UBS maintains a "Buy" rating on Futu Holdings with a target price of USD 67
UBS maintains a "Buy" rating on Futu Holdings with a target price of USD 67
CICC maintains Futu Outperform rating, with a target price of 86 US dollars
On March 15, CICC released a research report to maintain Futu Outperform rating and target price of 86 US dollars.