Welcome to our dedicated page for Futu Holdings American Depositary Shares news (Ticker: FUTU), a resource for investors and traders seeking the latest updates and insights on Futu Holdings American Depositary Shares stock.
Futu Holdings Limited (Nasdaq: FUTU) is a leading technology company revolutionizing the investing experience through its fully digitalized brokerage and wealth management platform. The company operates primarily through its proprietary applications, Futubull and Moomoo, offering seamless access to trading services on mobile devices, tablets, and desktops.
Futu provides a comprehensive range of investment services, including trade execution, margin financing, and securities lending. Clients can trade a diverse array of securities such as stocks, warrants, options, and exchange-traded funds (ETFs) across multiple markets, including Hong Kong, Mainland China, Singapore, and the United States.
One of the key differentiators of Futu's platform is its robust integration of market data, news, and research, coupled with powerful analytical tools. These features empower users to make informed investment decisions efficiently. In addition to its advanced trading capabilities, Futu has embedded social media tools within its platforms, creating a vibrant ecosystem that connects users, investors, companies, analysts, media, and key opinion leaders.
Recent achievements underscore Futu's strategic growth and commitment to innovation. As of the fourth quarter of 2023, the company reported revenues of $303.8 million, marking a 4.1% year-over-year increase. For the full year 2023, revenues reached $1.281 billion with a net income of $585.1 million, representing a significant year-over-year growth of 31.4% and 45.9%, respectively.
Futu's international brand, Moomoo, has been pivotal in the company's global expansion. As of the end of 2023, Moomoo had over 21.64 million global users and 1.71 million paying clients. With a strong presence in countries like the US, Singapore, Australia, Japan, Canada, and Malaysia, Moomoo has received numerous accolades, such as the Best Stock Trading App award from FinTech Breakthrough in 2024.
The company continues to expand its global footprint, recently launching services in Malaysia under Moomoo MY, which attracted over 30,000 new clients within a week. Moomoo Singapore (Moomoo SG) also achieved profitability in Q4 2023, with significant growth in its high-net-worth segment. Moomoo US has enhanced its offerings with collaborations like the one with CBOE Global Markets to provide index options products.
Futu Holdings Limited remains committed to advancing the financial technology landscape, providing innovative, user-friendly tools and services that meet the diverse needs of modern investors.
Moomoo, a digital financial service platform, has surpassed 18 million users across over 200 countries. Launched in 2018, it offers an extended 16-hour trading window for US stocks, providing retail investors with greater flexibility. The platform features online account opening, access to global markets, and advanced trading tools. Users can benefit from promotions, including up to five free stocks. Moomoo operates under Futu Holdings, listed on Nasdaq since March 8, 2019 (symbol: FUTU).
Futu Holdings Limited (Nasdaq: FUTU) announced the filing of its annual report on Form 20-F for the fiscal year ending December 31, 2021. This report is available on the Company's investor relations website. Shareholders and ADS holders can request a copy of the annual report containing audited consolidated financial statements at no charge. Futu is revolutionizing investing through its digital brokerage and wealth management platform, primarily targeting the emerging affluent population and providing services like trade execution and margin financing.
Futu Holdings Limited (Nasdaq: FUTU) reported strong financial results for Q4 and full year 2021, with total revenues growing 35.1% year-over-year to HK$1,602.8 million (US$205.5 million) in Q4. Full-year revenues reached HK$7,115.3 million (US$912.3 million), a 114.9% increase. The number of paying clients surged 140.8% to 1,244,222, while total client assets increased by 43.0% to HK$407.8 billion. However, net income dropped 6.3% to HK$498.8 million (US$64.0 million) due to increased operating expenses and market challenges.
Futu Holdings Limited (Nasdaq: FUTU) announced it will report its financial results for Q4 and FY 2021 on March 11, 2022. The earnings conference call, scheduled for the same day at 7:30 AM U.S. Eastern Time, will provide insights into the company’s performance. Interested participants must pre-register for the call, and those unable to attend can access a telephone replay until March 19, 2022. Futu's advanced tech-driven platform, which caters to affluent clients, offers various trading and wealth management services.
Futu Holdings Limited (Nasdaq: FUTU) announced that its Singapore subsidiary has received in-principle approvals to be a Depository Agent at The Central Depository (CDP) and a Trading and Clearing Member at Singapore Exchange (SGX). Additionally, it has been granted Exempt Financial Adviser status by the Monetary Authority of Singapore (MAS). This expansion enables Futu Singapore to offer trading, clearing, and investment advisory services, reinforcing its position in the Singapore market and enhancing its tech-driven brokerage service offerings.
Futu Holdings Limited (Nasdaq: FUTU) has announced the acquisition of Futu Securities (Australia) Ltd, an Australian subsidiary holding an Australian Financial Services License (AFSL) regulated by ASIC. This strategic acquisition allows Futu to offer online brokerage and financial services in Australia, tapping into a significant market opportunity. The company aims to enhance its presence in the wealth management sector through its digital platforms, Futubull and moomoo, catering primarily to the emerging affluent population.
Futu Holdings Limited (Nasdaq: FUTU) addressed media speculations regarding potential adverse PRC regulatory policies. The Company has not received any guidance suggesting material impacts on operations or financial conditions. Futu maintains compliance with regulations akin to other Hong Kong brokers, has reported false information circulating about it, and believes regulators prioritize investor protection. The firm continues to operate steadily, monitoring the regulatory landscape while serving clients through its digital brokerage platforms, Futubull and moomoo.
Futu Holdings Limited (Nasdaq: FUTU) announced the repurchase of over US$70 million in American depositary shares (ADSs) as of December 16, 2021, under its previously announced share repurchase program. This initiative, aimed at enhancing shareholder value, reflects the company's confidence in its growth potential and market position. The repurchases may continue depending on market conditions. Futu's innovative technology platform, Futubull and moomoo, primarily serves the emerging affluent population in the wealth management sector.
Futu Inc., a subsidiary of Futu Holdings Limited (NASDAQ: FUTU), announced its partnership with StoneCastle Insured Sweep to offer insured cash sweep services to its brokerage clients. This service aims to enhance client experience by providing greater protection for cash deposits while allowing clients to earn interest. The implementation of this feature began in November 2021. As a technology firm, Futu continues to innovate its brokerage and wealth management platform, moomoo, which integrates multiple financial services and tools for retail investors.
Futu Holdings reported strong Q3 2021 results with total revenues increasing by 83.0% year-over-year to US$222.4 million. Non-GAAP adjusted net income rose 58.5% to US$83.0 million. The company's trading volume surged 33.1% to US$173.5 billion. User growth was significant, with global users up 58.6% to 16.6 million and registered clients totaling 2.58 million. Notably, paying clients grew 179.2% year-over-year to 1.17 million, reinforcing Futu’s market position in Hong Kong as it captured about one-third of the adult population.
FAQ
What is the current stock price of Futu Holdings American Depositary Shares (FUTU)?
What is the market cap of Futu Holdings American Depositary Shares (FUTU)?
What is Futu Holdings Limited?
What services does Futu provide?
What platforms does Futu operate?
What are Futu's recent financial achievements?
How many users does Moomoo have?
In which countries does Futu operate?
What awards has Moomoo received?
How does Futu enhance the investing experience?
What is the significance of Futu's social media tools?
What is Futu's role in the global financial market?
