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Futu Holdings Ltd

Futu Holdings Ltd

FUTU
$95.10USD↓-2.48%-2.42 today

MARKET CAP

13.3B

P/E (TTM)

1.3x

FWD P/E

0.2x

DAY RANGE

$93 – $97

52W RANGE

$81
$199

AI Summary

Stalk
TrimMedium

FUTU remains in a Stage 4 decline characterized by persistent lower highs and lower lows under declining EMAs. The active Post-Capitulation pattern signals that selling pressure has largely exhausted, but no stable base has formed. Short-term price is range-bound below the 9/21 EMA cluster, offering no favorable sell entry at current levels. Medium-term bias remains bearish, and execution should be deferred, trimming on rallies into resistance around the EMAs and recent minor highs.

  • ↑3.59M funded accounts (+34% YoY) with 950K new Q1 additions
  • ↑Q1 revenue HK$5.9 billion (+25% YoY) driven by high trading volumes
  • ↓Q1 net income HK$831 million, down 61% YoY on compliance fines
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

Futu Holdings Ltd. (NASDAQ: FUTU) is a leading digital brokerage platform based in Hong Kong that provides a comprehensive range of financial services, including brokerage, wealth management, and cryptocurrency trading. Its flagship platform, Moomoo, emphasizes advanced technology to cater to retail investors, focusing on user experience and operational efficiency. Futu has established a strong foothold in key markets, including Hong Kong, Singapore, Malaysia, and the U.S., amidst increasing competition in the fintech and online brokerage sectors.

Bull says

  • ↑3.59M funded accounts (+34% YoY) with 950K new Q1 additions
  • ↑Q1 revenue HK$5.9 billion (+25% YoY) driven by high trading volumes
  • ↑Overseas revenue doubled across five markets on new product launches
  • ↑ADS repurchases of US$418 million underscore strong cash flow
  • ↑Trading volume HK$4.15 trillion (+29% YoY); client assets HK$178.4 billion (+28% YoY)
  • ↑High earnings yield, robust growth momentum, and moderate leverage

Bear says

  • ↓Q1 net income HK$831 million, down 61% YoY on compliance fines
  • ↓Heightened CSRC and SFC oversight may slow client onboarding
  • ↓Market volatility exposure could damp trading volumes and client engagement
  • ↓Intense competition from Ant Group, Robinhood, and others threatens share
  • ↓Significant short interest and weak profitability factors reflect skepticism
  • ↓Negative quality scores hint at potential balance sheet vulnerabilities

Investment themes with FUTU

China↑ +0.07%

High-growth market driven by manufacturing and consumption

TPR · FXI · BYDDY

Earnings Call · Q1 2025 · Mgmt. Guidance

Updated 05-28-2026neutral

Transcript signals

Bull points

  • And we've accumulated a lot of brand equity, and we feel like expanding into New Zealand was a natural extension. And we've also seen that, you know, Australian stocks and U.S. stocks are the two most popular asset classes for Kiwi investors.
  • So expanding to New Zealand will not incur much investment in terms of, you know, licensing or personnel or R&D. and we can largely replicate the IT infrastructure and the marketing resources and the brand equity with BILT and Australia. So the incremental cost will be quite manageable, and we think the New Zealand business will present very favorable ROI.
  • Total revenue was $4.7 billion, up 81% from $2.6 billion in the first quarter of 2024.

Bear points

  • with the double-digit tax system implemented by the global financial institutions in more and more countries, the overall tax rate of our cross-region market businesses will go up.
  • I expect that in the next few months, our overall company's effective tax rate will be around 17% to 18% or so.
  • due to the uncertainty of the short-term market situation, the effect of these brand's goods and services is not yet completely certain.
Read full transcript analysis ›