FUTU(FUTU)

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FUTU vs. TRI: Which Stock Should Value Investors Buy Now?
ZACKS· 2024-07-10 16:47
Core Insights - Futu Holdings Limited Sponsored ADR (FUTU) is currently rated as a 1 (Strong Buy) by Zacks Rank, indicating a positive earnings outlook, while Thomson Reuters (TRI) holds a 3 (Hold) rating, suggesting a less favorable position for value investors [1] - The analysis of traditional valuation metrics shows that FUTU has a forward P/E ratio of 14.46 and a PEG ratio of 0.92, indicating it is undervalued compared to TRI, which has a forward P/E of 45.51 and a PEG ratio of 6.38 [2] - FUTU's P/B ratio stands at 3.23, significantly lower than TRI's P/B of 6.83, further supporting the conclusion that FUTU is a superior value option based on these metrics [3] Valuation Metrics - FUTU's forward P/E ratio is 14.46, while TRI's is 45.51, highlighting a substantial difference in valuation [2] - The PEG ratio for FUTU is 0.92, compared to TRI's 6.38, indicating that FUTU is expected to grow earnings at a more favorable rate relative to its price [2] - The P/B ratio for FUTU is 3.23, whereas TRI's P/B ratio is 6.83, suggesting that FUTU's market value is more aligned with its book value [3] Investment Outlook - The improving earnings outlook for FUTU, combined with its favorable valuation metrics, positions it as a more attractive investment opportunity compared to TRI [1][3]
Moomoo Announces Partnership with TradingView
Prnewswire· 2024-07-08 13:00
Core Insights - Moomoo has announced a partnership with TradingView to enhance its investment platform by integrating TradingView's charting and trading capabilities, allowing users to trade directly from TradingView [1][2][3] Company Overview - Moomoo is an investment and trading platform that provides advanced charting tools, technical analytics, and in-depth data to empower global investors [4] - The platform offers free access to investment courses, educational materials, and interactive events, fostering a community for investors to share and grow together [4][5] Partnership Details - The collaboration with TradingView aims to improve user experience by providing access to TradingView's renowned charting features and analytical tools [2][3] - TradingView has over 50 million users globally and offers more than 110 drawing tools and 400 technical indicators, making it a leading platform for retail investors [6] Strategic Implications - The partnership is expected to create more robust interactions and deeper trading conversations among users, enhancing the overall investing experience [3] - Moomoo's integration with TradingView aligns with its emphasis on high-performance technology, setting the stage for a successful collaboration [3][6]
Futu Announces Uplift of Type 1 License to Include Virtual Asset Dealing Service
GlobeNewswire News Room· 2024-07-08 10:00
Core Insights - Futu Holdings Limited has upgraded its Type 1 license to include virtual asset dealing services, allowing it to serve both retail and professional investors in Hong Kong [1] Company Overview - Futu Holdings Limited is a technology-driven company that offers fully digitalized financial services through its platforms, Futubull and moomoo [2] - The company provides a comprehensive range of investment services, including trade execution, margin financing, securities lending, and wealth management [2] - Futu integrates social media tools to enhance user connectivity and engagement within its investment ecosystem [2] - Additionally, the company offers corporate services such as IPO distribution, investor relations, and ESOP solutions [2]
Futu Announces Uplift of Type 1 License to Include Virtual Asset Dealing Service
Newsfilter· 2024-07-08 10:00
Core Insights - Futu Holdings Limited has upgraded its Type 1 license to include virtual asset dealing services, allowing it to serve both retail and professional investors in Hong Kong [1] Company Overview - Futu Holdings Limited is a technology-driven company that offers fully digitalized financial services through its platforms, Futubull and moomoo [2] - The company provides a comprehensive range of investment services, including trade execution, margin financing, securities lending, and wealth management [2] - Futu integrates social media tools to enhance user connectivity and engagement within its investment ecosystem [2] - Additionally, the company offers corporate services such as IPO distribution, investor relations, and ESOP solutions [2]
Is Futu Holdings (FUTU) Stock Outpacing Its Business Services Peers This Year?
ZACKS· 2024-06-28 14:45
Group 1 - Futu Holdings Limited Sponsored ADR (FUTU) has gained approximately 20.4% year-to-date, outperforming the average gain of 6.4% in the Business Services sector [2][3] - The Zacks Consensus Estimate for FUTU's full-year earnings has increased by 4.6% over the past quarter, indicating improving analyst sentiment [2] - Futu Holdings is part of the Technology Services industry, which includes 172 companies, and has also shown better performance compared to the average gain of 20.4% in this group [3] Group 2 - Kyndryl Holdings, Inc. (KD) has outperformed the sector with a year-to-date return of 25.4% and has a Zacks Rank of 1 (Strong Buy) [2][3] - The consensus EPS estimate for Kyndryl has increased by 22.5% over the past three months, reflecting positive analyst outlook [3] - Both Futu Holdings and Kyndryl Holdings are expected to maintain their solid performance in the Business Services sector [3]
FUTU or TRI: Which Is the Better Value Stock Right Now?
ZACKS· 2024-06-24 16:45
Core Insights - Futu Holdings Limited Sponsored ADR (FUTU) is currently rated as a Strong Buy (1) while Thomson Reuters (TRI) holds a Hold (3) rating, indicating a more favorable outlook for FUTU in terms of earnings estimates and revisions [2]. Valuation Metrics - FUTU has a forward P/E ratio of 14.53, significantly lower than TRI's forward P/E of 45.02, suggesting that FUTU may be undervalued compared to TRI [3]. - The PEG ratio for FUTU is 0.92, indicating a more attractive valuation when considering expected earnings growth, while TRI's PEG ratio stands at 6.31 [3]. - FUTU's P/B ratio is 3.25, compared to TRI's P/B of 6.76, further supporting the notion that FUTU is undervalued relative to TRI [3]. Value Grades - FUTU has a Value grade of B, reflecting its favorable valuation metrics, while TRI has a Value grade of D, indicating less attractiveness from a value perspective [3].
Futu Holdings (FUTU) Upgraded to Strong Buy: What Does It Mean for the Stock?
ZACKS· 2024-06-19 17:01
Core Viewpoint - Futu Holdings Limited has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][2]. Earnings Outlook - The Zacks rating upgrade reflects an upward trend in earnings estimates, which is crucial for stock price movements [1][3]. - Futu Holdings is expected to earn $4.68 per share for the fiscal year ending December 2024, representing a year-over-year increase of 19.4% [5]. Earnings Estimate Revisions - Over the past three months, the Zacks Consensus Estimate for Futu Holdings has increased by 3.5%, indicating a positive revision trend [5]. - The correlation between earnings estimate revisions and near-term stock movements suggests that tracking these revisions can be beneficial for investment decisions [4]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with only the top 5% receiving a 'Strong Buy' rating, indicating superior earnings estimate revision features [6][7]. - Historically, Zacks Rank 1 stocks have generated an average annual return of +25% since 1988, showcasing the effectiveness of the rating system [4].
Futu Holdings (FUTU) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?
ZACKS· 2024-06-18 14:55
Core Viewpoint - Futu Holdings Limited (FUTU) has experienced a 7.8% decline in share price over the past week, but the formation of a hammer chart pattern suggests potential support and a possible trend reversal in the future [1] Technical Analysis - The hammer chart pattern indicates a potential bottoming out, with reduced selling pressure and a shift in control from bears to bulls [1] - The hammer pattern is characterized by a small candle body and a long lower wick, signaling a potential trend reversal when formed at the bottom of a downtrend [1] - Hammer candles can appear on various timeframes and should be used alongside other bullish indicators for confirmation [1] Fundamental Analysis - Recent upward revisions in earnings estimates for FUTU serve as a bullish indicator, correlating strongly with near-term stock price movements [1] - The consensus EPS estimate for the current year has increased by 3.5% over the last 30 days, indicating strong agreement among analysts regarding improved earnings potential [1] - FUTU holds a Zacks Rank of 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, which typically outperform the market [1] - The Zacks Rank is a reliable timing indicator for investors to identify improving company prospects [1]
Futu Announces HKD440 million Investment in Airstar Bank
GlobeNewswire News Room· 2024-06-07 01:35
Group 1 - Futu Holdings Limited has completed a HKD440 million investment in Gravitation Fintech HK Limited, the parent company of Airstar Bank, a licensed virtual bank in Hong Kong [1] - Following this investment, Futu has become the second largest beneficial owner of Airstar Bank, holding indirectly 44.11% [1] Group 2 - Futu Holdings Limited is a technology company that offers fully digitalized financial services through its platforms, Futubull and moomoo [2] - The company provides a comprehensive range of investment services, including trade execution, margin financing, and wealth management, while also incorporating social media tools to enhance user connectivity [2] - Additionally, Futu offers corporate services such as IPO distribution, investor relations, and ESOP solution services [2]
Futu Announces HKD440 million Investment in Airstar Bank
Newsfilter· 2024-06-07 01:35
Group 1 - Futu Holdings Limited has completed a HKD440 million investment in Gravitation Fintech HK Limited, becoming the second largest beneficial owner of Airstar Bank with an indirect ownership of 44.11% [1] - Futu is a tech-driven online brokerage and wealth management platform that offers fully digitalized financial services through its proprietary platforms, Futubull and moomoo [2] - The company provides a comprehensive range of investment services, including trade execution, margin financing, securities lending, and wealth management, while also incorporating social media tools to enhance user connectivity [2]