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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.
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.
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.
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
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
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
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九九归一 : best time to buy :)
ZestfulOP : Bought Broadcom instead