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FUTU

FUTU US Stock
$135
Open: $144 High: $145.95 Low: $130.33 Close: $134.9
Range: 2021-05-06 - 2021-05-07
Volume: 4,571,929
Market: Closed
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FUTU
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FUTU News
Latest news about the FUTU
  • Futu to Report First Quarter 2021 Financial Results on May 19, 2021

    HONG KONG, April 30, 2021 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (NASDAQ: FUTU), a leading tech-driven online brokerage and wealth management platform in China, today announced that it will report its financial results for the first quarter ended March 31, 2021, before U.S. markets open on May 19, 2021. Futu's management will hold an earnings conference call on Wednesday, May 19, 2021, at 7:30 AM U.S. Eastern Time (7:30 PM on the same day, Beijing/Hong Kong Time). Please note that all participants will need to pre-register for the conference call, using the link http://apac.directeventreg.com/registration/event/8289398. It will automatically lead to the registration page of "Futu Holdings Ltd First Quarter 2021 Earnings Conference Call", where details for RSVP are needed. When requested to submit a participant conference ID, please enter the number "8289398". Upon registering, all participants will be provided in confirmation emails with participant dial-in numbers, Direct Event passcodes and unique registrant IDs to access the conference call. Please dial in 10 minutes prior to the call start time using the conference access information. A telephone replay will be available after the conclusion of the conference call through 9:59 AM U.S. Eastern Time, May 27, 2021. The dial-in details are: International:+61-2-8199-0299US:+1-646-254-3697Hong Kong:+852-3051-2780Passcode:8289398 Additionally, a live and archived webcast of this conference call will be available at https://ir.futuholdings.com/. About Futu Holdings Limited Futu Holdings Limited (NASDAQ: FUTU) is an advanced technology company transforming the investing experience by offering a fully digitized brokerage and wealth management platform. The Company primarily serves the emerging affluent Chinese population, pursuing a massive opportunity to facilitate a once-in-a-generation shift in the wealth management industry and build a digital gateway into broader financial services. The Company provides investing services through its proprietary digital platforms, Futubull and Moomoo, highly integrated applications accessible through any mobile device, tablet or desktop. The Company's primary fee-generating services include trade execution and margin financing which allow its clients to trade securities, such as stocks, warrants, options and exchange-traded funds, or ETFs, across different markets. Futu enhances the user and client experience with market data and news, research, as well as powerful analytical tools, providing them with a data rich foundation to simplify the investing decision-making process. Futu has also embedded social media tools to create a network centered around its users and provide connectivity to users, investors, companies, analysts, media and key opinion leaders. CONTACT: Investor Contact Investor Relations Futu Holdings Limited ir@futuholdings.com

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  • Moomoo Inc. Clinches Title Sponsorship for Yahoo Finance's Exclusive Livestream of the 2021 Berkshire Hathaway Shareholders Meeting

    Moomoo Inc, an all-in-one online platform in providing trading services and an indirect wholly-owned subsidiary of Futu Holdings Ltd (Nasdaq: FUTU), announced today that it has made the strategic investment to sponsor the 2021 Berkshire Hathaway Shareholders Meeting live stream event. Yahoo Finance is the exclusive live stream host for the event which will be held on Saturday, 1 May 2021 beginning at 12:30 pm ET.

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  • Futu Announces Completion of Offering of 10,925,000 American Depositary Shares

    HONG KONG, April 24, 2021 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading one-stop financial technology platform in China, today announced the completion of the offering of 10,925,000 American depositary shares (the “ADSs”), each representing eight Class A ordinary shares of the Company (the “ADS Offering”), at a price of US$130.00 per ADS, including the sale of an aggregate of 1,425,000 ADSs by the Company pursuant to the full exercise of option by the underwriters to purchase additional ADSs. BofA Securities, Inc. and Haitong International Securities Company Limited are acting as joint bookrunners for the ADS Offering. The ADSs have been offered under the Company’s shelf registration statement on Form F-3 (the “Form F-3”) which was filed with the Securities and Exchange Commission (the “SEC”) and automatically became effective on August 17, 2020. The ADS Offering has been made only by means of a prospectus supplement and an accompanying prospectus included in the Form F-3. The Form F-3 and the prospectus supplement are available at the SEC website at: http://www.sec.gov. Copies of the prospectus supplement and the accompanying prospectus may be obtained from (1) BofA Securities, Inc., Attention: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001, United States of America, or by telephone at +1 (800) 294-1322 or by email at dg.prospectus_requests@bofa.com; and (2) Haitong International Securities Company Limited, Attention: Equity Capital Markets, 22/F Li Po Chun Chambers, 189 Des Voeux Road Central, Hong Kong, by telephone at +852-2848-4373. The Company plans to use the net proceeds from the ADS Offering mainly for margin financing business, international expansion, new license applications, potential investment and acquisition opportunities, and other general corporate purposes. This press release shall not constitute an offer to sell or a solicitation of an offer to purchase any securities, nor shall there be a sale of the securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. About Futu Holdings Limited Futu Holdings Limited (Nasdaq: FUTU) is an advanced technology company transforming the investing experience by offering a fully digitized brokerage and wealth management platform. The Company primarily serves the emerging affluent Chinese population, pursuing a massive opportunity to facilitate a once-in-a-generation shift in the wealth management industry and build a digital gateway into broader financial services. The Company provides investing services through its proprietary digital platform, Futubull, a highly integrated application accessible through any mobile device, tablet or desktop. The Company’s primary fee-generating services include trade execution and margin financing which allow its clients to trade securities, such as stocks, warrants, options, futures and exchange-traded funds, or ETFs, across different markets. Futu enhances the user and client experience with market data and news, research, as well as powerful analytical tools, providing them with a data rich foundation to simplify the investing decision-making process. Futu has also embedded social media tools to create a network centered around its users and provide connectivity to users, investors, companies, analysts, media and key opinion leaders. Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Such statements are based upon management’s current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond Futu’s control. Futu may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Futu’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Futu’s goal and strategies; Futu’s expansion plans; Futu’s future business development, financial condition and results of operations; Futu’s expectations regarding demand for, and market acceptance of, its products and services; Futu’s expectations regarding keeping and strengthening its relationships with third-party partners it collaborates with; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Futu’s filings with the SEC. All information provided in this press release is as of the date of this press release, and Futu does not undertake any obligation to update any forward-looking statement, except as required under applicable law. For investor inquiries, please contact: Investor RelationsFutu Holdings Limitedir@futuholdings.com

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  • Futu Announces Pricing of Offering of 9,500,000 American Depositary Shares

    HONG KONG, April 21, 2021 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading one-stop financial technology platform in China, today announced the pricing of the offering of 9,500,000 American depositary shares (the “ADSs”), each representing eight Class A ordinary shares of the Company (the “ADS Offering”), at a price of US$130 per ADS. The Company will grant the underwriters in the ADS Offering a 30-day option to purchase up to an additional 1,425,000 ADSs. BofA Securities, Inc. and Haitong International Securities Company Limited are acting as joint bookrunners for the ADS Offering. The ADSs are offered under the Company’s shelf registration statement on Form F-3 (the “Form F-3”) which was filed with the Securities and Exchange Commission (the “SEC”) and automatically became effective on August 17, 2020. The ADS Offering is being made only by means of a prospectus supplement and an accompanying prospectus included in the Form F-3. The Form F-3 and the prospectus supplement are available at the SEC website at: http://www.sec.gov. Copies of the prospectus supplement and the accompanying prospectus may be obtained from (1) BofA Securities, Inc., Attention: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001, United States of America, or by telephone at +1 (800) 294-1322 or by email at dg.prospectus_requests@bofa.com; and (2) Haitong International Securities Company Limited, Attention: Equity Capital Markets, 22/F Li Po Chun Chambers, 189 Des Voeux Road Central, Hong Kong, by telephone at +852-2848-4373. The Company plans to use the net proceeds from the ADS Offering mainly for margin financing business, international expansion, new license applications, potential investment and acquisition opportunities, and other general corporate purposes. This press release shall not constitute an offer to sell or a solicitation of an offer to purchase any securities, nor shall there be a sale of the securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. This press release contains information about the pending offering of the ADSs, and there can be no assurance that the offering will be completed. About Futu Holdings Limited Futu Holdings Limited (Nasdaq: FUTU) is an advanced technology company transforming the investing experience by offering a fully digitized brokerage and wealth management platform. The Company primarily serves the emerging affluent Chinese population, pursuing a massive opportunity to facilitate a once-in-a-generation shift in the wealth management industry and build a digital gateway into broader financial services. The Company provides investing services through its proprietary digital platform, Futubull, a highly integrated application accessible through any mobile device, tablet or desktop. The Company’s primary fee-generating services include trade execution and margin financing which allow its clients to trade securities, such as stocks, warrants, options, futures and exchange-traded funds, or ETFs, across different markets. Futu enhances the user and client experience with market data and news, research, as well as powerful analytical tools, providing them with a data rich foundation to simplify the investing decision-making process. Futu has also embedded social media tools to create a network centered around its users and provide connectivity to users, investors, companies, analysts, media and key opinion leaders. Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Such statements are based upon management’s current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond Futu’s control. Futu may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Futu’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Futu’s goal and strategies; Futu’s expansion plans; Futu’s future business development, financial condition and results of operations; Futu’s expectations regarding demand for, and market acceptance of, its products and services; Futu’s expectations regarding keeping and strengthening its relationships with third-party partners it collaborates with; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Futu’s filings with the SEC. All information provided in this press release is as of the date of this press release, and Futu does not undertake any obligation to update any forward-looking statement, except as required under applicable law. For investor inquiries, please contact: Investor RelationsFutu Holdings Limitedir@futuholdings.com

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  • Futu Announces Proposed Offering of 9,500,000 American Depositary Shares

    HONG KONG, April 20, 2021 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading one-stop financial technology platform in China, today announced the commencement of the offering of 9,500,000 American depositary shares (the “ADSs”), each representing eight Class A ordinary shares of the Company (the “ADS Offering”). The Company intends to grant the underwriters in the ADS Offering a 30-day option to purchase up to an additional 1,425,000 ADSs. BofA Securities, Inc. and Haitong International Securities Company Limited are acting as joint bookrunners for the ADS Offering. The ADSs will be offered under the Company’s shelf registration statement on Form F-3 which was filed with the Securities and Exchange Commission (the “SEC”) and automatically became effective on August 17, 2020. A preliminary prospectus supplement related to the proposed ADS Offering has been filed with the SEC. The registration statement on Form F-3 and the preliminary prospectus supplement are available at the SEC website at: http://www.sec.gov. Copies of the preliminary prospectus supplement and the accompanying prospectus may be obtained from (1) BofA Securities, Inc., Attention: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001, United States of America, or by telephone at +1 (800) 294-1322 or by email at dg.prospectus_requests@bofa.com; and (2) Haitong International Securities Company Limited, Attention: Equity Capital Markets, 22/F Li Po Chun Chambers, 189 Des Voeux Road Central, Hong Kong, by telephone at +852-2848-4373. The Company plans to use the net proceeds from the ADS Offering mainly for margin financing business, international expansion, new license applications, potential investment and acquisition opportunities, and other general corporate purposes. This press release shall not constitute an offer to sell or a solicitation of an offer to purchase any securities, nor shall there be a sale of the securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. This press release contains information about the pending offering of the ADSs, and there can be no assurance that the offering will be completed. About Futu Holdings Limited Futu Holdings Limited (Nasdaq: FUTU) is an advanced technology company transforming the investing experience by offering a fully digitized brokerage and wealth management platform. The Company primarily serves the emerging affluent Chinese population, pursuing a massive opportunity to facilitate a once-in-a-generation shift in the wealth management industry and build a digital gateway into broader financial services. The Company provides investing services through its proprietary digital platform, Futubull, a highly integrated application accessible through any mobile device, tablet or desktop. The Company’s primary fee-generating services include trade execution and margin financing which allow its clients to trade securities, such as stocks, warrants, options, futures and exchange-traded funds, or ETFs, across different markets. Futu enhances the user and client experience with market data and news, research, as well as powerful analytical tools, providing them with a data rich foundation to simplify the investing decision-making process. Futu has also embedded social media tools to create a network centered around its users and provide connectivity to users, investors, companies, analysts, media and key opinion leaders. Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Such statements are based upon management’s current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond Futu’s control. Futu may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Futu’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Futu’s goal and strategies; Futu’s expansion plans; Futu’s future business development, financial condition and results of operations; Futu’s expectations regarding demand for, and market acceptance of, its products and services; Futu’s expectations regarding keeping and strengthening its relationships with third-party partners it collaborates with; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Futu’s filings with the SEC. All information provided in this press release is as of the date of this press release, and Futu does not undertake any obligation to update any forward-looking statement, except as required under applicable law. For investor inquiries, please contact: Investor RelationsFutu Holdings Limitedir@futuholdings.com

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  • After Deep Base, Futu Goes For Comeback

    Futu had a deep base that would normally disqualify it from consideration. However, if you can find a stock tightening up, that can be a good sign and provide an entry.

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  • Freedom Holding Stock Earns A Spot On IBD 50, Nears Buy Point

    Freedom Holding Corp is forming a base showing a 61.87. The current formation is a second-stage consolidation with a Relative Strength Rating of 94. Freedom Holding Corp has a 99 Composite Rating and holds the No. 1 rank among its peers in the Finance-Investment Banking/Brokers industry group.

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  • Futu: Generation Z to dominate investment landscape for foreseeable future

    According to a Survey conducted by FUTU Holdings (NASDAQ: FUTU) on "Millennials and Generation Z Investing Over The Pandemic", an uncertain and volatile future resulting from the Covid-19 pandemic has led to more individuals taking a greater ownership of their finances by embarking on an acute investment journey.

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  • Futu Holdings Limited Announces Filing of Its Annual Report on Form 20-F for Fiscal Year 2020

    HONG KONG, March 26, 2021 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform in China, today announced it filed its annual report on Form 20-F for the fiscal year ended December 31, 2020 with the Securities and Exchange Commission. The annual report can be accessed on the Company’s investor relations website at ir.futuholdings.com. The Company will provide a copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to Investor Relations Department, Futu Holdings Limited, 25th Floor, Building D1, Kexing Science Park, No.15 Keyuan Road, Nanshan District, Shenzhen 518000, People’s Republic of China. About Futu Holdings Limited Futu Holdings Limited (Nasdaq: FUTU) is an advanced technology company transforming the investing experience by offering a fully digitized brokerage and wealth management platform. The Company primarily serves the emerging affluent Chinese population, pursuing a massive opportunity to facilitate a once-in-a-generation shift in the wealth management industry and build a digital gateway into broader financial services. The Company provides investing services through its proprietary digital platform, Futubull, a highly integrated application accessible through any mobile device, tablet or desktop. The Company’s primary fee-generating services include trade execution and margin financing which allow its clients to trade securities, such as stocks, warrants, options, futures and exchange-traded funds, or ETFs, across different markets. Futu enhances the user and client experience with market data and news, research, as well as powerful analytical tools, providing them with a data rich foundation to simplify the investing decision-making process. Futu has also embedded social media tools to create a network centered around its users and provide connectivity to users, investors, companies, analysts, media and key opinion leaders. Investor Contact Investor RelationsFutu Holdings Limitedir@futuholdings.com

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  • Futu's FY2020 net income hits HK$[1],364M, 6.5 times YoY growth

    Operational highlights of the unaudited financial results for the fourth quarter and the full year ended December 31, 2020

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  • Analysts Just Made A Massive Upgrade To Their Futu Holdings Limited (NASDAQ:FUTU) Forecasts

    Futu Holdings Limited ( NASDAQ:FUTU ) shareholders will have a reason to smile today, with the analysts making...

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  • Futu Earnings Skyrocket 880%; Chinese Brokerage Stock Reverses

    Chinese online brokerage and wealth management firm Futu Holdings reported Q4 earnings surged 880% on huge revenue gains. Shares jumped.

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  • Futu Announces Fourth Quarter and Full Year 2020 Unaudited Financial Results

    HONG KONG, March 16, 2021 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2020. Fourth Quarter and Full Year 2020 Operational Highlights Total number of paying clients1 increased 160.5% year-over-year to 516,721 as of December 31, 2020.Total number of registered clients2 increased 97.8% year-over-year to 1,419,734 as of December 31, 2020.Total number of users3 increased 58.6% year-over-year to 11.9 million as of December 31, 2020.Total client assets increased 227.3% year-over-year to HK$285.2 billion as of December 31, 2020.Daily average client assets were HK$244.5 billion in the fourth quarter of 2020, an increase of 205.7% from the same period in 2019.Total trading volume in the fourth quarter of 2020 increased 438.1% year-over-year to HK$1,210.0 billion, in which trading volume for US stocks was HK$783.6 billion, trading volume for Hong Kong stocks was HK$414.6 billion, and trading volume for stocks under the Stock Connect was HK$11.7 billion. Total trading volume in 2020 was HK$3,463.6 billion, representing a 296.9% growth year-over-year.Daily average revenue trades (DARTs)4 in the fourth quarter of 2020 increased 339.9% year-over-year to 462,261. DARTs in 2020 increased 213.8% to 331,105.Margin financing and securities lending balance increased 307.3% year-over-year to HK$19.5 billion as of December 31, 2020. Fourth Quarter 2020 Financial Highlights Total revenues increased 281.6% year-over-year to HK$1,186.4 million (US$153.0 million).Total gross profit increased 321.4% year-over-year to HK$944.3 million (US$121.8 million).Net income was up 11.1 times year-over-year to HK$532.5 million (US$68.7 million).Non-GAAP adjusted net income5 was up 10.2 times year-over-year to HK$552.9 million (US$71.3 million). Full year 2020 Financial Highlights Total revenues increased 211.9% year-over-year to HK$3,310.8 million (US$427.0 million).Total gross profit increased 235.3% year-over-year to HK$2,614.9 million (US$337.3 million).Net income increased 699.9% year-over-year to HK$1,325.5 million (US$171.0 million).Non-GAAP adjusted net income increased 651.1% year-over-year to HK$1,364.0 million (US$175.9 million). Mr. Leaf Hua Li, Futu’s Chairman and Chief Executive Officer, said, “We are excited to announce that the robust growth momentum of our operating and financial metrics continued into the fourth quarter of 2020.” “We added 98,632 paying clients on a net basis, more than half of whom were from Hong Kong and overseas. Organic growth continued to contribute over 50% of our new paying clients in the quarter. As of year-end, paying clients reached 516,721, representing 160.5% year-over-year growth. We exceeded our full-year paying client guidance by adding approximately 320,000 paying clients in 2020.” “Total client assets reached HK$285.2 billion as of December 31, 2020, representing 227.3% growth on a year-over-year basis and 41.9% growth on a quarter-over-quarter basis. In the fourth quarter, we continued to deliver a high paying client quarterly retention rate of 97.9%.” “Total trading volume was HK$1,210.0 billion in the fourth quarter, up 438.1% year-over-year and 19.2% quarter-over-quarter. 65% of our total trading volume in this quarter was contributed by US stock trading, which ballooned to HK$783.6 billion, underpinned by the robust US equities market performance. We also further expanded our trading product offerings by launching CME futures and A50 futures.” “Total client assets in Money Plus were HK$10.2 billion, up 68.5% year-over-year. We have established partnerships with 39 asset managers around the world which altogether hosted 39 live-streaming sessions on our Futubull platform in 2020 to conduct fund publicity and investor education. Over 42,000 clients, or 8.1% of our total paying client base, held wealth management positions as of year-end, offering significant room for further penetration.” “Futu I&E continues to be the go-to enterprise service partner. We had 105 IPO and IR clients as of year-end. In the fourth quarter, 10 IPOs recorded over HK$10 billion in subscription, respectively, on our Futubull platform, including the US IPOs of Miniso and Lufax, and the HK IPOs of Pop Mart and JD Health. We also added 33 ESOP clients in the quarter, bringing our total ESOP client number to 159.” Mr. Arthur Yu Chen, Futu’s Chief Financial Officer, added, “In the fourth quarter, a leading global investment firm purchased approximately 50,000,000 Class A ordinary shares of the Company in the form of prepaid warrants for an aggregate purchase price of approximately US$260 million. As we further enhanced our capital base, we are able to support a larger margin financing balance, ramp up our marketing efforts in international markets, and further invest into our technology infrastructure.” Fourth Quarter 2020 Financial Results Revenues Total revenues were HK$1,186.4 million (US$153.0 million), an increase of 281.6% from HK$310.9 million in the fourth quarter of 2019. Brokerage commission and handling charge income was HK$718.3 million (US$92.6 million), an increase of 373.8% from HK$151.6 million in the fourth quarter of 2019. The rise was mainly due to the 438.1% year-over-year growth of our total trading volume. Interest income was HK$336.9 million (US$43.5 million), an increase of 163.2% from HK$128.0 million in the fourth quarter of 2019. The increase in margin financing interest income was mainly driven by the sharp increase in daily average margin financing balances and higher IPO financing interest income due to an active Hong Kong IPO market. Other income was HK$131.2 million (US$16.9 million), an increase of 317.8% from HK$31.4 million in the fourth quarter of 2019. The jump was primarily due to increases in our IPO subscription service charge income and currency exchange service income. Costs Total costs were HK$242.2 million (US$31.2 million), an increase of 179.0% from HK$86.8 million in the fourth quarter of 2019. Brokerage commission and handling charge expenses were HK$133.2 million (US$17.2 million), an increase of 322.5% from HK$30.8 million in the fourth quarter of 2019. This increase was largely in line with the growth of our brokerage commission and handling charge income. Interest expenses were HK$64.4 million (US$8.3 million), an increase of 106.4% from HK$31.2 million in the same period of 2019. The growth was primarily due to higher IPO financing interest expenses. Processing and servicing costs were HK$44.6 million (US$5.8 million), an increase of 79.1% from HK$24.9 million in the fourth quarter of 2019. The growth was primarily due to an increase in cloud service fees. Gross Profit Total gross profit was HK$944.3 million (US$121.8 million), an increase of 321.4% from HK$224.1 million in the fourth quarter of 2019. Gross profit margin increased from 72.1% in the fourth quarter of 2019 to 79.6% in the fourth quarter of 2020, attributable to higher operating leverage as a result of our larger business scale. Operating Expenses Total operating expenses were HK$363.5 million (US$46.9 million), an increase of 100.4% from HK$181.4 million in the fourth quarter of 2019. Research and development expenses were HK$162.1 million (US$20.9 million), an increase of 118.2% from HK$74.3 million in the fourth quarter of 2019. The increase was primarily due to an increase in research and development headcount to further expand our product offerings. Selling and marketing expenses were HK$112.5 million (US$14.5 million), an increase of 119.3% from HK$51.3 million in the fourth quarter of 2019. The increase was primarily due to higher branding and marketing spending. General and administrative expenses were HK$88.9 million (US$11.5 million), an increase of 59.6% from HK$55.7 million in the fourth quarter of 2019. The increase was primarily due to an increase in headcount for general and administrative personnel. Net Income Net income increased by 11.1 times to HK$532.5 million (US$68.7 million) from HK$43.9 million in the fourth quarter of 2019. The increase was primarily due to robust revenue growth and significant operating leverage. Non-GAAP adjusted net income increased by 10.2 times to HK$552.9 million (US$71.3 million) from HK$49.3 million in the corresponding period of 2019. Non-GAAP adjusted net income is defined as net income excluding share-based compensation expenses and impairment from equity method investment. For further information, see "Use of Non-GAAP Financial Measures" at the bottom of this press release. Net Income per ADS Basic net income per American Depositary Share (“ADS”) was HK$3.88 (US$0.50), compared with HK$0.35 in the fourth quarter of 2019. Diluted net income per ADS was HK$3.83 (US$0.49), compared with HK$0.35 in the fourth quarter of 2019. Each ADS represents eight Class A ordinary shares. Full Year 2020 Financial Results Revenues Total revenues were HK$3,310.8 million (US$427.0 million), an increase of 211.9% from HK$1,061.6 million in 2019. Brokerage commission and handling charge income was HK$1,990.1 million (US$256.7 million), an increase of 289.1% from HK$511.4 million in 2019. The rise was mainly driven by the 296.9% year-over-year growth of total trading volume. Interest income was HK$965.6 million (US$124.5 million), an increase of 107.7% from HK$464.9 million in 2019. This growth was primarily due to higher margin financing interest income and higher IPO financing interest income. Other income was HK$355.1 million (US$45.8 million), an increase of 316.3% from HK$85.3 million in 2019. The growth was primarily due to increases in our IPO subscription service charge income, currency exchange service income and funds distribution service income. Costs Total costs were HK$696.0 million (US$89.8 million), an increase of 147.1% from HK$281.7 million in 2019. Brokerage commission and handling charge expenses were HK$361.5 million (US$46.6 million), an increase of 259.3% from HK$100.6 million in 2019. The rise was due to trading volume growth. Interest expenses were HK$185.1 million (US$23.9 million), an increase of 107.5% from HK$89.2 million in 2019. The increase was primarily due to higher IPO financing interest expenses. Processing and servicing costs were HK$149.4 million (US$19.3 million), an increase of 62.6% from HK$91.9 million in 2019. The growth was primarily due to an increase in cloud service fees, market information and data fees as well as data transmission fees to support a larger business scale. Gross Profit Total gross profit was HK$2,614.9 million (US$337.3 million), an increase of 235.3% from HK$779.9 million in 2019. Gross profit margin increased from 73.5% in 2019 to 79.0% in 2020, attributable to higher operating leverage as a result of our larger business scale. Operating Expenses Total operating expenses were HK$1,147.0 million (US$147.9 million), an increase of 93.8% from HK$591.9 million in 2019. Research and development expenses were HK$513.3 million (US$66.2 million), an increase of 95.7% from HK$262.3 million in 2019. The increase was primarily due to an increase in research and development headcount to support our business growth. Selling and marketing expenses were HK$385.3 million (US$49.7 million), an increase of 133.9% from HK$164.7 million in 2019. The increase was primarily due to higher branding and marketing spending. General and administrative expenses were HK$248.4 million (US$32.0 million), an increase of 50.6% from HK$164.9 million in 2019. The increase was primarily due to an increase in headcount for general and administrative personnel. Net Income Net income increased by 699.9% to HK$1,325.5 million (US$171.0 million) from HK$165.7 million in 2019. The increase was primarily due to strong revenue growth and significant operating leverage. Non-GAAP adjusted net income increased by 651.0% to HK$1,364.0 million (US$175.9 million) from HK$181.6 million in 2019. Non-GAAP adjusted net income is defined as net income excluding share-based compensation expenses and impairment from equity method investment. For further information, see "Use of Non-GAAP Financial Measures" at the bottom of this press release. Net Income per ADS Basic net income per ADS was HK$10.23 (US$1.32), compared with HK$1.38 in 2019. Diluted net income per ADS was HK$10.10 (US$1.30), compared with HK$1.25 in 2019. Conference Call and Webcast Futu's management will hold an earnings conference call on Tuesday, March 16, 2021, at 7:30 AM U.S. Eastern Time (7:30 PM on the same day, Beijing/Hong Kong Time). Please note that all participants will need to pre-register for the conference call, using the link http://apac.directeventreg.com/registration/event/1056855. It will automatically lead to the registration page of "Futu Holdings Ltd Fourth Quarter and Full Year 2020 Earnings Conference Call", where details for RSVP are needed. When requested to submit a participant conference ID, please enter the number "1056855". Upon registering, all participants will be provided in confirmation emails with participant dial-in numbers, Direct Event passcodes and unique registrant IDs to access the conference call. Please dial in 10 minutes prior to the call start time using the conference access information. A telephone replay will be available after the conclusion of the conference call through 8:59 AM U.S. Eastern Time, March 24, 2021. The dial-in details are: International: +61-2-8199-0299US: +1-646-254-3697Hong Kong: +852-3051-2780Passcode: 1056855 Additionally, a live and archived webcast of this conference call will be available at https://ir.futuholdings.com/. About Futu Holdings Limited Futu Holdings Limited (Nasdaq: FUTU) is an advanced technology company transforming the investing experience by offering a fully digitized brokerage and wealth management platform. The Company primarily serves the emerging affluent Chinese population, pursuing a massive opportunity to facilitate a once-in-a-generation shift in the wealth management industry and build a digital gateway into broader financial services. The Company provides investing services through its proprietary digital platform, Futubull, a highly integrated application accessible through any mobile device, tablet or desktop. The Company’s primary fee-generating services include trade execution and margin financing which allow its clients to trade securities, such as stocks, warrants, options, futures and exchange-traded funds, or ETFs, across different markets. Futu enhances the user and client experience with market data and news, research, as well as powerful analytical tools, providing them with a data rich foundation to simplify the investing decision-making process. Futu has also embedded social media tools to create a network centered around its users and provide connectivity to users, investors, companies, analysts, media and key opinion leaders. Use of Non-GAAP Financial Measures In evaluating the business, the Company considers and uses non-GAAP adjusted net income, a non-GAAP measure, as a supplemental measure to review and assess its operating performance. The presentation of the non-GAAP financial measure is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. The Company defines non-GAAP adjusted net income as net income excluding share-based compensation expenses and impairment from equity method investment. The Company presents the non-GAAP financial measure because it is used by the management to evaluate the operating performance and formulate business plans. Non-GAAP adjusted net income enables the management to assess the Company's operating results without considering the impact of share-based compensation expenses and impairment from equity method investment, which are non-cash charges. The Company also believes that the use of the non-GAAP measure facilitates investors' assessment of its operating performance. Non-GAAP adjusted net income is not defined under U.S. GAAP and is not presented in accordance with U.S. GAAP. This non-GAAP financial measure has limitations as analytical tools. One of the key limitations of using non-GAAP adjusted net income is that it does not reflect all items of expense that affect the Company's operations. Share-based compensation expenses have been and may continue to be incurred in the business and are not reflected in the presentation of non-GAAP adjusted net income. Impairment from equity method investment may not continue to be incurred in the business and are not reflected in the presentation of non-GAAP adjusted net income. Further, the non-GAAP measure may differ from the non-GAAP information used by other companies, including peer companies, and therefore their comparability may be limited. The Company compensates for these limitations by reconciling the non-GAAP financial measure to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating the Company's performance. For more information on this non-GAAP financial measure, please see the table captioned "Unaudited Reconciliations of Non-GAAP and GAAP Results" set forth at the end of this press release. Exchange Rate Information This announcement contains translations of certain HK dollars (“HK$”) amounts into U.S. dollars ("US$") at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from HK$ to US$ were made at the rate of HK$7.7534 to US$1.00, the noon buying rate in effect on December 31, 2020 in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the HK$ or US$ amounts referred could be converted into US$ or HK$, as the case may be, at any particular rate or at all. Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the quotations from the management team of the Company, contain forward-looking statements. Futu may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Futu's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Futu's goal and strategies; Futu's expansion plans; Futu's future business development, financial condition and results of operations; Futu's expectations regarding demand for, and market acceptance of, its credit products; Futu's expectations regarding keeping and strengthening its relationships with borrowers, institutional funding partners, merchandise suppliers and other parties it collaborate with; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Futu's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Futu does not undertake any obligation to update any forward-looking statement, except as required under applicable law. For investor inquiries, please contact: Investor RelationsFutu Holdings Limitedir@futuholdings.com FUTU HOLDINGS LIMITED UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, except for share and per share data) As of December 31, As of December 31, 2019 2020 2020 HK$ HK$ US$ASSETS Cash and cash equivalents362,574 1,034,668 133,447Cash held on behalf of clients14,540,863 42,487,090 5,479,801Term deposits- 300,000 38,693Available-for-sale financial securities93,773 - -Equity method investment6,166 - -Loans and advances (net of allowance of nil and HK$9,075 thousand as of December 31, 2019 and 2020, respectively)4,188,689 18,825,366 2,428,014Receivables: Clients247,017 735,145 94,816Brokers1,226,348 5,780,461 745,539Clearing organization304,080 1,243,928 160,436Fund management companies and fund distributors6(1)- 297,622 38,386Interest16,892 19,876 2,564Prepaid assets12,470 11,422 1,473Operating lease right-of-use assets161,617 208,863 26,938Other assets239,435 393,326 50,729Total assets21,399,924 71,337,767 9,200,836 LIABILITIES Amounts due to related parties33,628 87,169 11,243Payables: Clients15,438,879 46,062,842 5,940,986Brokers1,484,243 4,533,581 584,722Clearing organization- 324,266 41,822Fund management companies and fund distributors (1)26,381 127,442 16,437Interest519 5,493 708Borrowings1,467,586 5,482,818 707,150Securities sold under agreements to repurchase1,590 5,453,037 703,309Operating lease liabilities172,466 222,231 28,662Accrued expenses and other liabilities226,079 731,198 94,307Total liabilities18,851,371 63,030,077 8,129,346 (1)Receivables from and payables to fund management companies and fund distributors are currently presented as separate line items on the face of the balance sheet as the management believes that the fund distribution services has become one of the Company’s major businesses. Comparatives have also been reclassified from “Other assets” and “Accrued expenses and other liabilities” for comparability. FUTU HOLDINGS LIMITED UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (Continued) (In thousands, except for share and per share data) As of December 31, As of December 31, 2019 2020 2020 HK$ HK$ US$ SHAREHOLDERS’ EQUITY Class A ordinary shares36 47 6Class B ordinary shares42 38 5Additional paid-in capital2,536,182 6,960,369 897,718Accumulated other comprehensive (loss)/income(4,446) 4,974 642Retained earnings16,739 1,342,262 173,119Total shareholders' equity2,548,553 8,307,690 1,071,490Total liabilities and shareholders' equity21,399,924 71,337,767 9,200,836 FUTU HOLDINGS LIMITED UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In thousands, except for share and per share data) For the Three Months Ended For the Twelve Months Ended December 31,2019 December 31,2020 December 31,2020 December 31,2019 December 31,2020 December 31,2020 HK$ HK$ US$ HK$ HK$ US$Revenues Brokerage commission and handling charge income151,590 718,334 92,648 511,365 1,990,138 256,679 Interest income127,958 336,935 43,456 464,903 965,627 124,542 Other income31,362 131,175 16,918 85,287 355,057 45,794 Total revenues310,910 1,186,444 153,022 1,061,555 3,310,822 427,015 Costs Brokerage commission and handling charge expenses(30,762) (133,166) (17,175) (100,550) (361,486) (46,623)Interest expenses(31,174) (64,418) (8,308) (89,238) (185,090) (23,872)Processing and servicing costs(24,884) (44,587) (5,751) (91,916) (149,378) (19,266)Total costs (86,820) (242,171) (31,234) (281,704) (695,954) (89,761)Total gross profit224,090 944,273 121,788 779,851 2,614,868 337,254 Operating expenses Research and development expenses(74,322) (162,105) (20,908) (262,345) (513,283) (66,201)Selling and marketing expenses(51,337) (112,527) (14,513) (164,701) (385,320) (49,697)General and administrative expenses(55,706) (88,908) (11,467) (164,850) (248,404) (32,038)Total operating expenses (181,365) (363,540) (46,888) (591,896) (1,147,007) (147,936) Others, net(1,767) (2,113) (273) (9,462) (17,238) (2,223) Income before income tax expenses40,958 578,620 74,627 178,493 1,450,623 187,095 FUTU HOLDINGS LIMITED UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Continued) (In thousands, except for share and per share data) For the Three Months Ended For the Twelve Months Ended December 31,2019 December 31,2020 December 31,2020 December 31,2019 December 31,2020 December 31,2020 HK$ HK$ US$ HK$ HK$ US$ Income tax benefit/(expenses)3,318 (46,318) (5,974) (12,286) (124,793) (16,095) Share of (loss)/gain from equity method investment(334) 158 20 (543) (307) (40) Net income43,942 532,460 68,673 165,664 1,325,523 170,960 Preferred shares redemption value accretion- - - (12,309) - - Income allocation to participating preferred shareholders- - - (10,196) - - Net income attributable to ordinary shareholders of the Company43,942 532,460 68,673 143,159 1,325,523 170,960 Net income per share attributable to ordinary shareholders of the Company Basic0.04 0.49 0.06 0.17 1.28 0.16 Diluted0.04 0.48 0.06 0.16 1.26 0.16 Net income per ADS Basic0.35 3.88 0.50 1.38 10.23 1.32 Diluted0.35 3.83 0.49 1.25 10.10 1.30 Weighted average number of ordinary shares used in computing net income per share Basic995,325,912 1,097,641,588 1,097,641,588 832,790,329 1,036,865,727 1,036,865,727 Diluted1,007,588,968 1,112,217,169 1,112,217,169 917,897,426 1,050,143,014 1,050,143,014 FUTU HOLDINGS LIMITED UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Continued) (In thousands, except for share and per share data) For the Three Months Ended For the Twelve Months Ended December 31,2019 December 31,2020 December 31,2020 December 31,2019 December 31,2020 December 31,2020 HK$ HK$ US$ HK$ HK$ US$ Net income43,942 532,460 68,673 165,664 1,325,523 170,960Other comprehensive (loss)/income, net of tax Foreign currency translation adjustment(5,205) 14,500 1,870 (3,147) 9,420 1,215Total comprehensive income38,737 546,960 70,543 162,517 1,334,943 172,175 FUTU HOLDINGS LIMITED UNAUDITED RECONCILIATIONS OF NON-GAAP AND GAAP RESULTS (In thousands) For the Three Months Ended For the Twelve Months Ended December 31,2019 December 31,2020 December 31,2020 December 31,2019 December 31,2020 December 31,2020 HK$ HK$ US$ HK$ HK$ US$ Net income43,942 532,460 68,673 165,664 1,325,523 170,960Add: share-based compensation expenses5,382 14,521 1,873 15,967 32,573 4,201Impairment from equity method investment- 5,888 759 - 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