HONG KONG, April 24, 2024 (GLOBE NEWSWIRE) -- 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. In Malaysia, capital markets products and services on moomoo are offered by Futu Malaysia Sdn. Bhd., a subsidiary of Futu Holdings Limited. On January 24, ...

掘金优质中概系列：富途控股（FUTU）深度报告 进击的全球交易平台，待风起 2024年04月19日 ➢ 科技驱动的一站式财富管理平台，业绩持续释放。公司于2012年正式开展 港股线上经纪业务，后续不断扩充香港及海外牌照获取。公司创始人李华先生为 第一大股东，享有高投票权，腾讯为第二大股东。2019-2023年，公司营收CAGR 达75%，净利润CAGR高达125%。经纪佣金+利息收入为最主要收入来源，合 [Table_Author] 计占比总营收维持在90%以上。公司用户数、开户客户数和入金客户数呈现持续 增长态势，入金用户留存率保持在98%以上，2023年新增入金客户数指引为35 万人。公司客户总资产呈现持续提升趋势，截至 2023 年末，客户总资产 4856 亿港元，yoy+16%，重回双位数增长轨道。 ➢ 存量市场基本盘稳健，持续领军香港和新加坡市场。大陆：根据中国证监会 规定，存量的大陆客户交易不受影响，公司仍将服务好存量大陆客户。香港：公 分析师 易永坚 司是香港最大的零售互联网券商，在香港用户量达到香港本地成年人口超40%， 执业证书： S0100523070002 邮箱： yiyongjian@ ...

研究报告Research Report 15 Mar 2024 富途控股 Futu Holdings (FUTU US) 2023 年报点评：业绩增势良好，国际化有序推进 Solid FY23 Results with Good Progress in Oversea Markets Expansion [观Ta点bl聚e_焦yemInevie1s] tment Focus [Tab维le_持Inf优o] 于大市Maintain OUTPERFORM (Please see APPENDIX 1 for English summary) 评级 优于大市OUTPERFORM  2023 年四季度营收同比微增。富途控股 2023 年实现营业总收 入 100.1 亿港元，同比+31%；调整后净利润 45.7 亿港元，同比 现价 US$56.40 目标价 US$68.34 +46%；均低于我们及市场预期。EPADS 31.0 港元，ROE 18.85%，同比+4.9pct。四季度实现营业收入 23.7 亿港元，同比 市值 US$7.88bn +4%；调整后净利润9.5亿港元，同比-6%。公司全年及Q4营收 日交易额 ...

证券研究报告·公司点评报告·非银金融 富途控股（FUTU） 2023 年年报点评：全年业绩高增，用户规模 2024年 03月 15 日 预计持续扩张 证券分析师 胡翔 买入（维持） 执业证书：S0600516110001 021-60199793 盈[T 利ab 预le_ 测EP 与S 估] 值 2022A 2023A 2024E 2025E 2026E hux@dwzq.com.cn 证券分析师 葛玉翔 营业总收入（百万港元） 7,614 10,008 10,688 11,959 13,344 执业证书：S0600522040002 同比 7.01% 31.45% 6.79% 11.89% 11.58% 021-60199761 归母净利润（百万港元） 2,927 4,281 4,449 5,000 5,600 geyx@dwzq.com.cn 同比 4.15% 46.28% 3.92% 12.37% 12.00% 研究助理 罗宇康 EPS-最新摊薄（港元/股） 19.91 29.13 30.27 34.02 38.10 执业证书：S0600123090002 P/E（现价&最新摊薄） 22.21 15.1 ...

Financial Data and Key Metrics Changes - Total revenue for Q4 2023 was $2.4 billion, up 4% from $2.3 billion in Q4 2022, with full-year revenue growing 31% to $10 billion [12] - Net income decreased by 9% year over year and 20% quarter over quarter to $876 million, with a net income margin shrinking to 36.9% from 42% in the same quarter last year [16] - Total client assets increased by 16% year over year and 4% quarter over quarter to HKD486 billion [8] Business Line Data and Key Metrics Changes - Brokerage commission and handling charge income were $904 million, a decrease of 14% year over year and 10% quarter over quarter, primarily due to lower trading volumes [12] - Total client assets in wealth management increased by 82% year over year and 11% quarter over quarter to HKD58 billion, accounting for 12% of total client assets [10] - Margin financing and securities lending balance increased marginally by 2% quarter over quarter [9] Market Data and Key Metrics Changes - Client acquisition in Singapore sustained high growth, with total client assets and average client assets posting sequential increases of 25% and 17%, respectively [8] - Client acquisition in Hong Kong slowed down due to sluggish market sentiments, but rebounded in Q1 2024 alongside the recovery of the Hong Kong stock market [7] - In Malaysia, over 30,000 clients joined the platform within one week of the brokerage business launch, representing the fastest growth in any international market [7] Company Strategy and Development Direction - The company aims to achieve high-quality growth by focusing on acquiring high-quality clients and attracting net asset inflow from existing clients [37] - The strategy for 2024 includes maintaining similar new customer targets in existing markets while seeking incremental growth from new markets like Japan, Canada, and Malaysia [20] - The company continues to streamline the account opening process and enhance product offerings to improve client acquisition and retention [6] Management Comments on Operating Environment and Future Outlook - Management expressed optimism about client acquisition momentum, guiding for 350,000 net new paying clients in 2024 [8] - The company noted that despite weak market sentiments, it observed robust net asset inflows and client growth across all markets [8] - Management highlighted the importance of quality growth and net asset inflow as key performance indicators across different international regions [32] Other Important Information - The company has initiated a new share repurchase program, authorized to repurchase up to USD500 million of ADS before December 31, 2025 [12] - The total cost increased by 27% year over year, primarily due to higher operational costs associated with expanding services [13] Q&A Session Summary Question: Progress on improving account opening process in Japan and new paying client acquisition - Management reported meaningful increases in conversion rates from users to registered clients in Japan, with plans to launch Japan equities trading by the end of March [21] Question: Breakdown of new paying client target for 2024 by key markets - Contributions from Singapore, Hong Kong, and Australia are expected to be similar to last year, with incremental growth from new markets like Japan and Malaysia [20] Question: Client number and asset contribution from Singapore - Singapore contributed about 30% of total net new clients in Q4, with total client assets and average client assets showing significant sequential growth [25] Question: Blended commission rate increase and CAC trends - The increase in commission rate was attributed to product mix changes, while CAC decreased due to optimized marketing campaigns [27] Question: Client quality in international markets and trading volume trends - Improvement in average AUM was noted across international markets, with a healthy pickup in trading volume and velocity observed in Q1 2024 [30][31] Question: Hong Kong marketing strategy and self-clearing in US stocks - The focus in Hong Kong is on high-quality growth and net asset inflow, while self-clearing has improved trading execution efficiencies [34][39] Question: Interest income trends and operating expense plans - Idle cash accounted for 10% to 15% of total client assets, with plans for mid to high single-digit headcount growth in 2024 [42]

Exhibit 99.1 Futu Announces Fourth Quarter and Full Year 2023 Unaudited Financial Results HONG KONG, March 14, 2024 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter and Full Year 2023 Operational Highlights · Total number of paying clients increased 15.0% year-over-year to 1,710,1 ...

JERSEY CITY, N.J., March 14, 2024 /PRNewswire/ -- Moomoo's parent company Futu Holdings Ltd. ("Futu" or "the Company"), a leading tech-driven online brokerage and wealth management platform, announced its unaudited Q4 2023 earnings with US$303.8 million in revenues, up 4.1% year-over-year ("YoY") and US$121.7 million in non-GAAP adjusted net income.For the year ended December 31, 2023, the Company recorded US$1.281 billion in revenues and US$585.1 million in non-GAAP adjusted net income, representing a YoY ...

HONG KONG, March 14, 2024 (GLOBE NEWSWIRE) -- Futu Holdings Limited ("Futu" or the "Company") (NASDAQ:FUTU), a leading tech-driven online brokerage and wealth management platform, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter and Full Year 2023 Operational Highlights Total number of paying clients1 increased 15.0% year-over-year to 1,710,106 as of December 31, 2023.Total number of registered clients2 increased 10.2% year-over-yea ...

HONG KONG, Feb. 28, 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 it will report its financial results for the fourth quarter and full year ended December 31, 2023, before U.S. markets open on March 14, 2024. Futu's management will hold an earnings conference call on Thursday, March 14, 2023, at 7:30 AM U.S. Eastern Time (7:30 PM on the same day, Beijing/Hong Kong Time). Plea ...

HONG KONG, Feb. 28, 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 it will report its financial results for the fourth quarter and full year ended December 31, 2023, before U.S. markets open on March 14, 2024. Futu's management will hold an earnings conference call on Thursday, March 14, 2023, at 7:30 AM U.S. Eastern Time (7:30 PM on the same day, Beijing/Hong Kong Time). Ple ...