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Stock impact report

Futu Holdings Shows Promising Post-IPO Trajectory [Seeking Alpha]

Futu Holdings Limited (FHL)  More Company Research Source: Seeking Alpha
PDF Futu Holdings Shows Promising Post-IPO Trajectory Quick Take In May, Futu Holdings ( FHL The firm has developed an online stock brokerage and wealth management system for Chinese consumers interested in investing in overseas stock markets. FHL has produced strong financial results since its IPO, continues to invest in new services, and looks well-positioned to take advantage of a potential reduction in volatility and negative U.S China trade tensions. Company Hong Kong-based Futu Holdings was founded in 2011 to develop its Futu NiuNiu brokerage system to enable China-based investors to purchase stocks outside the country. Management is headed by Founder and CEO Mr. Leaf Hua Li, who previously headed Tencent’s multi-media business and innovation activities. The company’s primary sources of revenue are its trading execution fees and margin finance services that allow approved users to trade with greater leverage. Customer Acquisition Futu serves the ‘emerging affluent’ Chinese investor [Read more]
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