Three Reasons Supporting Further Rising Prices for Online Broker Futu Holdings!
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Futu Holdings is a Chinese online broker based in Hong Kong, operating platforms such as FutuBull and moomoo, which are comparable to Interactive Brokers or Robinhood. The platforms allow investors to trade securities and other financial products. In my opinion, there are several drivers for the stock: The IPO market in Hong Kong is strong and is expected to remain robust in the second half of the year with IPOs like Shein or Unitree Robotics, which will benefit Futu. In the last quarter, 262,000 new accounts were recorded, representing...
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