18 November 2025 | 7:02PM HKT Equity Research Futu Holdings (FUTU): First take: Beat on stronger client AUM growth and client acquisition. Paying client growth guidance in focus. Neutral FUTU report revenue/net profit of HK$ 6.4/3.2bn, or +93%/+144% yoy and +29%/+51% vs. GSe in 3Q25. Brokerage and interest income came in at HK$ 2.9/3.0bn, +17%/+38% vs. GSe, both were mainly driven by robust client AUM which came in at HK$ 1.2tn, +79%/+27% yoy/qoq and +24% vs. GSe, primarily fueled by mark-to-market gains. N ...