$Futu Holdings Ltd (FUTU.US)$ I think Futu should continue p...
$Futu Holdings Ltd(FUTU.US$ I think Futu should continue purchasing stocks until this news settle down. It just says mainland citizens can't use outside brokers to buy A stocks as foreigners.
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doctorpot1 : ehhh they are a growing company and that means they need lots of money to invest in the business rather than doing share buyback (which is equivalent to paying dividend). it will only make sense for a buyback if the share price is super duper low. the ceo is suppose to focus on growing the business which in turn will grow the share price. so I rather they keep the 70m and use it to grow the user base to 10x then buying back share which doesn't grow the business.
雅格格 : Cut the meat
Heng86 : Read
TRIUMPHANT RETURNS : Sharebuy back exercise US300 million instil confidence in shareholders n users , as for revenue...as long as stock exchanges are open, there is no worries at all its like collecting toll on a highway.
71516546OP : If they can get shorts out, they can sell later once stock price goes up like Elon Musk did.
But investors will give up if they wait long and stock goes too low. Now is the golden opportunity, hope LI HUA can hold.
fluidmotion : Futu has no real incentive in buyback other to stabilise stock price for a short time and bring confidence to investors. But the present China debacle will continue to deter investors and give opportunity to shorts and swing traders to continue manipulating the stock.
102413790 :