The Online Broker Futu Holdings is Approaching the all-Time High Again after the Consolidation!
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Futu Holdings is a Chinese online broker based in Hong Kong, operating platforms such as FutuBull and moomoo, similar to Interactive Brokers or Robinhood. I have discussed the company repeatedly and currently find its stock exciting, as the company benefits from both a recovery in the Chinese stock markets and a strong IPO market in Hong Kong. The quarterly figures presented on August 20 show a YoY revenue growth of a substantial 69.7%, while user numbers increased by 16.6% to 27.1 million customers. The growth in accounts is expected to accelerate...
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