Futu Holdings (FUTU) is an advanced technology company specializing as a digital broker and wealth management platform that allows potential investors to trade listed stocks in Hong Kong, U.S., and China Connect stocks. Futu Stock has had an increment by over 350%, surpassing the financial sector and its competitors with a substantial margin. Full Year for Futu represented a revenue closing at $427 million with a profit margin of $171 million. Total revenue and profits for the full year of 2020 increased by 212% and nearly 700%, respectively.
Futu stock produced this result as its user quantity skyrocketed, increasing an incredible 58% with net client assets rising more than 227%. The broker also established a strategic relationship with global investment bank Morgan Stanley, while benefiting from a boom in Chinese stocks, with IPO boosting significantly for Chinese companies.
“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,” Futu’s CFO Arthur Yu Chen stated which depicts how the company is ready to take on global market and how an increase in capital can further catapult them towards their goal.
About Futu Stock
Futu is aiming to build a digital gateway and provide a platform to further diversify and digitalize financial decisions. Its main digital platform “futubull” has a highly extensive network that can be easily accessed through any mobile, tablet or PC, increasing the convenience for stock trading across different markets and enhancing user experience providing them with data for a more informative decision.
Furthermore, Futu has also used social media algorithm to make a network in accordance to user supply and demand ad connect investors, companies, analysts, media and key opinion leaders for mutual financial benefit.
FUTU operates in the remunerative field of digital brokerage and wealth management in numerous countries. Establishing a relationship with Investment banks such as Morgan Stanley has shown to be extremely significant in increasing the company’s valuation with the company being keen on producing results.