Futu Holdings LtdFUTU
Mentioned
Futu Holdings reported second-quarter revenue rose 36% year over year to HK$7.2 billion, while net income increased 42% to HK$3.6 billion. Net income margin expanded to 50.6% from 48.4% a year earlier. Funded accounts reached 3.84 million, client assets rose 43.6% to HK$1.4 trillion, and trading volume hit a record HK$6.42 trillion, driven by U.S. equities, AI-related stocks and Hong Kong IPO activity. Management said cumulative client asset outflows since new regulations issued May 22 amounted to a mid-single-digit percentage of total client assets, with Hong Kong client retention above 98%. Malaysia reached operating break-even for the first time, and Moomoo accounted for nearly 60% of total funded accounts.
Futu Holdings Ltd