b34rShootingstarOP:
You have to trust your broker. If not, switch brokers. For SGX stocks you have the option of not using a broker at all - hold directly in your CDP account. For long term holdings it makes more sense, one less layer of risk.
Kenny Tey :
Rest assured ! Shorter come out short the price continuously since 12May2023. Short volume increased double since that day minimum 600K per day , some day even go up to 1.xx M share.
Company Financial report revenue is ok.. Many big famous institutions increased their holding since Q1...Check data , so you won’t be panic and sell in panic always make a lost...It is not wise selling a share under panic situations due to purely price drop. You may sell it if you have some clue or signal or revenue drop or some news that is affected Futu Business.
Kenny Tey :
Futu was approved by MAS of Singapore... It not easy to get a broker firm license from Singapore. Futu just recently got AIP licensed from Malaysia ...expanding to Malaysia...
Futu is making profit every year.. 19QoQ revenue is up, 3QoQ is down.
I will post more data of Futu ,, seems many are panic..
BBES : This stocks looks going more down. If u can cut your loss then buy back more cheaper you can hold more stocks
ShootingstarOP BBES: I mean my other assets mostly sgx
我要你一鋪清袋 : I took out all my spare cash from Futu already
b34r ShootingstarOP: You have to trust your broker. If not, switch brokers. For SGX stocks you have the option of not using a broker at all - hold directly in your CDP account. For long term holdings it makes more sense, one less layer of risk.
rosed : Can sell sg stock directly at CDP without broker?
b34r rosed: Only if you have a broker's license, if not have to go through broker. Broker absorbs the risk between client and CDP, among other things.
Kenny Tey : Rest assured !
Shorter come out short the price continuously since 12May2023.
Short volume increased double since that day minimum 600K per day , some day even go up to 1.xx M share.
Company Financial report revenue is ok..
Many big famous institutions increased their holding since Q1...Check data , so you won’t be panic and sell in panic always make a lost...It is not wise selling a share under panic situations due to purely price drop. You may sell it if you have some clue or signal or revenue drop or some news that is affected Futu Business.
ShootingstarOP b34r: I dun see my sgx stocks on my cdp on this broker
Kenny Tey : Futu was approved by MAS of Singapore...
It not easy to get a broker firm license from Singapore.
Futu just recently got AIP licensed from Malaysia ...expanding to Malaysia...
Futu is making profit every year..
19QoQ revenue is up, 3QoQ is down.
I will post more data of Futu ,, seems many are panic..
Unlucky Investor : What I don’t understand is why market sentiment is so negative against Futu.
Their fundamentals are good. The risk of cash bleeding out due to mainland chinese customers restriction is low.
But it seems even with better than expectation results, the sentiment is a negative one.
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