Futu Announces HKD440 million Investment in Airstar Bank

Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced that it had completed a HKD440 million investment in Gravitation Fintech HK Limited, the parent company of Airstar Bank, a Hong Kong licensed virtual bank.

FutuJun 6 22:49 ET

Airstar Bank has introduced Futu (FUTU.US) as its new shareholder.

Airstar Bank announced that futu holdings ltd has invested to become its new shareholder.

AASTOCKSJun 6 22:13 ET

Form 144 | Futu Holdings Ltd(FUTU.US) Director Proposes to Sell $2.13 Million in ADSs

SEC FILLINGS DISCLOSED/ Jun 3, $Futu Holdings Ltd(FUTU.US)$ Director Zhang Jie intends to sell 28,000 shares of its ADSs on Jun 5, with a total market value of approximately $2.13 million.

moomoo NewsJun 3 08:06 ET

Deutsche Bank maintains its "Buy" rating and $94.4 price target on Futu Holdings

On May 29, Deutsche Bank released a research report to maintain Futu Holdings Ltd.'s “buy” rating and a target price of 94.4 US dollars. Deutsche Bank pointed out the following highlights: Futu Holdings Ltd. Holdings' profit for the first quarter of '24 was 4%/12% lower than Wall Street's expectations, respectively, but the revenue for the first quarter was 1% higher than Wall Street's expectations, which is in line with Deutsche Bank's expectations. In the first quarter of '24, Futu's brokerage business revenue increased 20% month-on-month, mainly due to a 36% month-on-month increase in total trading volume. Among them, US trading volume increased 42% month-on-month (market: 18%), and Hong Kong trading volume increased 18% month-on-month (in line with the market). Interest collection

moomoo NewsMay 29 09:18 ET · Ratings

BofA maintains "Buy" rating on Futu Holdings, raises target price to $85.8

On May 29, BofA released a research report, optimistic about FUTU's robust client growth and asset inflows, and raised the target price from $81.00 to $85.80.BofA pointed out the following highlights

moomoo NewsMay 29 08:41 ET · Ratings

Jefferies maintains "Buy" rating on Futu Holdings, raises target prices to $88.4

On May 29, Jefferies released a research report, maintained a "Buy" rating and raised the target price from $70.8 to $88.4. Jefferies pointed out the following highlights:Total revenue grew 3.7% YoY t

moomoo NewsMay 29 07:54 ET · Ratings