富途控股：借力资本市场走强；上调至 “买入” 评级

Futu Holdings (FUTU) Incorporating capital market strength; upgrade to Buy FUTU 12m Price Target: $213.39 Price: $162.57 Upside: 31.3% We upgrade FUTU to Buy from Neutral, with our revised 12m target price of US$213.39 implying 29% upside. Our upgrade reflects the positive capital market outlook from GS Asia and US strategists (see here and here) and a re-evaluation of FUTU's new client growth and turnover rate. We believe FUTU's strong product and market competitiveness will support stable growth in client ...