HONG KONG, Aug. 06, 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 second quarter ended June 30, 2024, before U.S. markets open on August 20, 2024. Futu's management will hold an earnings conference call on Tuesday, August 20, 2024, at 7:30 AM U.S. Eastern Time (7:30 PM on the same day, Beijing/Hong Kong Time). Please note that all ...

Core Insights - Futu Holdings Limited (FUTU) is currently rated as a Strong Buy (1) by Zacks, while Amplitude, Inc. (AMPL) is rated as a Sell (4), indicating a more favorable earnings outlook for FUTU [2] - Valuation metrics such as P/E ratio, PEG ratio, and P/B ratio are critical for value investors to assess whether a stock is undervalued [2][3] Valuation Metrics - FUTU has a forward P/E ratio of 13.10, significantly lower than AMPL's forward P/E of 122.37, suggesting that FUTU is more attractively priced [3] - The PEG ratio for FUTU is 0.83, indicating a better valuation relative to its expected earnings growth compared to AMPL's PEG ratio of 3.75 [3] - FUTU's P/B ratio stands at 2.93, while AMPL's P/B ratio is higher at 3.69, further supporting the argument that FUTU is the superior value option [3] Overall Assessment - Based on the solid earnings outlook and favorable valuation metrics, FUTU is positioned as the better investment choice compared to AMPL [3]

Investment Rating - The report assigns a "Buy" rating to Futu Holdings (FUTU) with a target price of $88.68 per ADR [2] Core Viewpoints - Futu's globalization strategy, initiated in 2018, has driven significant growth across seven markets (Hong Kong, Singapore, US, Australia, Japan, Canada, Malaysia) with a CAGR of 51% in net profit from 2020-2023 [2] - The company's four core businesses (brokerage, wealth management, margin financing, and enterprise services) form a positive flywheel, enhancing customer stickiness and monetization potential [2] - Futu's strong R&D focus (15% R&D expense ratio) and self-licensing strategy (over 100 licenses globally) provide a competitive edge [2] Business Overview Brokerage Business - Futu's brokerage business leverages the "time machine effect" across different markets, with Hong Kong as its base (3.5% market share) and Singapore as a key growth market (25% estimated market share) [2] - The US market is strategically important but highly competitive, while Japan and Australia are in the growth phase [2] - Futu's brokerage revenue grew at a CAGR of 25% from 2020-2023 [2] Wealth Management - Futu's wealth management business, branded as "Elephant Wealth," focuses on high-quality and diversified product offerings, with significant growth potential in customer asset accumulation [2] - The business has seen a steady increase in customer assets, with a 12.4% share of total client AUM in Q1 2024 [19] Margin Financing - Margin financing is a pillar business for Futu, benefiting from rising interest rates and contributing to high interest income growth [2] - The business has shown steady growth, with interest income increasing significantly under the Fed's rate hike cycle [2] Enterprise Services - Futu provides comprehensive services to B2B clients, including IPO, IR/PR, and ESOP solutions, leveraging its technology to support companies throughout the listing process [2] - The enterprise services business helps Futu build long-term relationships with high-quality corporate clients and their employees [20] Financial Performance - Futu's revenue is projected to grow from HKD 7.6 billion in 2024E to HKD 14.5 billion in 2026E, with a CAGR of 13.5% [6] - Net profit is expected to increase from HKD 2.9 billion in 2024E to HKD 6.1 billion in 2026E, with a CAGR of 14.4% [6] - ROE is forecasted to remain stable at around 15% from 2024E to 2026E [6] Market Expansion Hong Kong Market - Futu dominates the online brokerage market in Hong Kong, ranking first in internet brokerage with a 3.41% market share in May 2024 [21] - The company has secured multiple licenses, including the rare Type 3 (leveraged foreign exchange trading) and Type 7 (automated trading services) licenses [33] Singapore and Malaysia - In Singapore, Futu's moomoo app ranks first in the financial app category, with a 25% market share among the target customer base [2] - The Malaysia market has shown rapid growth, with over 100,000 clients acquired within six weeks of launch [46] US Market - Futu obtained a full clearing license in the US in 2019, enabling it to provide clearing, settlement, and custody services independently [50] - The company focuses on differentiating itself through product experience and marketing, targeting the "middle market" between Robinhood and Charles Schwab [52] Japan Market - Futu entered the Japanese market with a focus on US stock trading, offering over 7,000 US stocks, the most among online brokers in Japan [58] - The company plans to expand its product offerings, including margin trading and fractional shares, to drive customer conversion [58] Australia and Canada - Futu's Australian and Canadian markets have shown strong customer acquisition, with Australian client assets growing 304% YoY in Q1 2024 [62] - Moomoo is ranked as the fourth-best online brokerage app in Australia and the top financial app in Canada's Google Play Store [62][63]

JERSEY CITY, N.J., July 15, 2024 /PRNewswire/ -- The intuitive investment and trading platform moomoo has recently completed a 2024 second-quarter U.S. users survey. Similar to last year, moomoo surveyed its users halfway through the year to find out how their investing journey has progressed to-date this year and learn what their expectations for the second half will be. Results showed that the investors in the survey are generally trading more often and gained more profits than at this time last year, but ...

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]

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]

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]

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]

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]

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].