Futu Holdings Limited (FUTU) Q2 2024 Earnings Call Transcript
Futu Holdings Limited (NASDAQ:FUTU ) Q2 2024 Results Conference Call August 20, 2024 7:30 AM ET Company Participants Daniel Yuan - Investor Relations Leaf Li - Chairman and Chief Executive Officer Arthur Chen - Chief Financial Officer Robin Xu - Senior Vice President Conference Call Participants Cindy Wang - China Renaissance Chiyao Huang - MS You Fan - CICC Zoey Zong - Jefferies Emma Xu - Bank of America Securities Charles Zhou - UBS Peter Zhang - JPMorgan Hu Shen - CLSA Operator Hello, ladies and gentlemen, welcome to Futu Holdings Second Quarter 2024 Earnings Conference Call. [Operator Instructions].
Futu Holdings: Buying Its Client Base, Margin Compression
Futu Holdings Limited stock was recommended for buying in the 50s and selling in the high 60s or 70s, with a long-term wealth building strategy. Q2 2024 key performance metrics showed strong growth in registered and paying clients, client assets, and total revenues for Futu Holdings. Despite impressive revenue and client growth, margin compression, high operating expenses, and minimal earnings growth keep the stock pinned.
Online brokerages Futu, UP Fintech suspend night trading of U.S. stocks
Online brokerages Futu Holdings and UP Fintech Holding , known for helping Chinese investors buy global stocks, have told clients that night trading of U.S. shares would be suspended on Tuesday after a surge in global market volatility.
FUTU vs. AMPL: Which Stock Is the Better Value Option?
Investors with an interest in Technology Services stocks have likely encountered both Futu Holdings Limited Sponsored ADR (FUTU) and Amplitude, Inc. (AMPL). But which of these two stocks offers value investors a better bang for their buck right now?
FUTU vs. TRI: Which Stock Should Value Investors Buy Now?
Investors looking for stocks in the Technology Services sector might want to consider either Futu Holdings Limited Sponsored ADR (FUTU) or Thomson Reuters (TRI). But which of these two companies is the best option for those looking for undervalued stocks?
Is Futu Holdings (FUTU) Stock Outpacing Its Business Services Peers This Year?
Here is how Futu Holdings Limited Sponsored ADR (FUTU) and Kyndryl Holdings, Inc. (KD) have performed compared to their sector so far this year.
FUTU or TRI: Which Is the Better Value Stock Right Now?
Investors interested in Technology Services stocks are likely familiar with Futu Holdings Limited Sponsored ADR (FUTU) and Thomson Reuters (TRI). But which of these two companies is the best option for those looking for undervalued stocks?
Futu Holdings (FUTU) Upgraded to Strong Buy: What Does It Mean for the Stock?
Futu Holdings (FUTU) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Futu Holdings (FUTU) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?
After losing some value lately, a hammer chart pattern has been formed for Futu Holdings (FUTU), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.
FUTU vs. ESTC: Which Stock Is the Better Value Option?
Investors looking for stocks in the Technology Services sector might want to consider either Futu Holdings Limited Sponsored ADR (FUTU) or Elastic (ESTC). But which of these two stocks offers value investors a better bang for their buck right now?
Futu: Turning Bullish On Strong Customer Growth (Rating Upgrade)
Futu Holdings' most recent quarterly financial performance surpassed expectations as the company's Q1 2024 revenue and earnings in HK$ terms beat consensus by +1.2% and +8.0%, respectively. Looking ahead, FUTU anticipates that the company can add 400,000 new paying customers this year, which is way better than the 220,000 new paid client additions it achieved last year. My rating for Futu Holdings is revised to a Buy, as I am impressed with the company's above-expectations results and upward client growth guidance revision.
Futu Holdings Limited (FUTU) Q1 2024 Earnings Call Transcript
Futu Holdings Limited (NASDAQ:FUTU ) Q1 2024 Earnings Call Transcript May 28, 2024 7:30 AM ET Company Participants Daniel Yuan - Chief of Staff to CEO and Head of IR Leaf Li - Chairman and CEO Arthur Chen - CFO Conference Call Participants Chiyao Huang - Morgan Stanley Katherine Lei - JPMorgan Operator Hello, ladies and gentlemen, welcome to Futu Holdings First Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
