Futu Holdings Poised for Potential Record-Breaking Quarter

Despite some minor profit-taking ahead of its earnings release, Futu Holdings Ltd shares are experiencing significant buying pressure. Market strategists anticipate the online brokerage could post record results and have substantially increased their price targets, setting high expectations for the upcoming quarterly report.

The company’s recent performance provides a strong foundation for current optimism. During the second quarter, Futu delivered staggering financial results:
* Revenue surged 69.7% to HK$5.31 billion
* Net profit exploded by 112.7% to HK$2.57 billion
* Funded client accounts grew to 2.9 million, representing a 40.9% increase
* Total client assets climbed to HK$973.9 billion

This historical context fuels speculation that another strong quarter may be forthcoming when Read more...