FUTU : RESET / POSITION TRADE
Futu Holdings Limited operates an online brokerage and wealth management platform in Hong Kong and internationally. The company provides trading, clearing, and settlement services; margin financing and securities lending services; and stock yield enhancement program.
While Robinhood gets most of the hype in the US, Chinese wealth management platform Futu Holdings (NASDAQ:FUTU) continues to perform at a high level.
For Q1 of 2021, Futu reported revenue of $283.56 million and EPS of $1.03 per share. While many companies beat estimates, it's impressive the degree that Futu beats at.
Revenues came in $65.52 million over estimates, a beat of 30%. Meanwhile, analysts were expecting EPS of $0.61 (the $1.03 was a beat of 68%). This isn't the first time that Futu Holdings has beaten analyst estimates. The company is a "serial estimate beater" and has continually outpaced estimates.
In Q1 Futu saw accelerated user growth. Paying clients totaled more than 789K, which was a 231% YoY growth. Futu saw YoY paying client growth of 160% in Q4, so the growth in paying users is accelerating. Total revenues were $283.6 million for the quarter, an increase of 349% YoY.
Futu Holdings seems to fly under the radar when comparing its valuation and growth rates to other companies with higher multiples and lower growth. A sustained triple-digit growth rate is remarkable, and Futu's Q1 earnings showed that this trend remains intact. While execution always needs to be proven quarter by quarter, a business growing as rapidly as Futu Holdings can quickly build a margin of safety due to its high growth rates.
Source : Wealth Insights, Seeking Alpha, 20-May-2021
seekingalpha.com/article/4430121-futu-holdings-a-triple-digit-growth-bargain
seekingalpha.com/symbol/FUTU
While Robinhood gets most of the hype in the US, Chinese wealth management platform Futu Holdings (NASDAQ:FUTU) continues to perform at a high level.
For Q1 of 2021, Futu reported revenue of $283.56 million and EPS of $1.03 per share. While many companies beat estimates, it's impressive the degree that Futu beats at.
Revenues came in $65.52 million over estimates, a beat of 30%. Meanwhile, analysts were expecting EPS of $0.61 (the $1.03 was a beat of 68%). This isn't the first time that Futu Holdings has beaten analyst estimates. The company is a "serial estimate beater" and has continually outpaced estimates.
In Q1 Futu saw accelerated user growth. Paying clients totaled more than 789K, which was a 231% YoY growth. Futu saw YoY paying client growth of 160% in Q4, so the growth in paying users is accelerating. Total revenues were $283.6 million for the quarter, an increase of 349% YoY.
Futu Holdings seems to fly under the radar when comparing its valuation and growth rates to other companies with higher multiples and lower growth. A sustained triple-digit growth rate is remarkable, and Futu's Q1 earnings showed that this trend remains intact. While execution always needs to be proven quarter by quarter, a business growing as rapidly as Futu Holdings can quickly build a margin of safety due to its high growth rates.
Source : Wealth Insights, Seeking Alpha, 20-May-2021
seekingalpha.com/article/4430121-futu-holdings-a-triple-digit-growth-bargain
seekingalpha.com/symbol/FUTU
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