BRIEF: Futu’s profit doubles on stock market rebound
Online brokerage Futu Holdings Ltd. (FUTU.US) announced on Thursday its first-quarter revenue jumped 81% year-on-year to HK$4.7 billion ($603 million), while its adjusted non-GAAP net profit soared 98% to HK$2.22…
JF SmartInvest makes roaring, yet vulnerable, comeback on China stock rally
The investment educator’s net profit grew sharply last year, despite a large loss in the first half, amid strong demand for its products fueled by a bull run for Chinese…
Stimulus-fueled China stock rally set to fizzle?
The Hong Kong market’s nearly 20% jump in the week after Beijing unveiled major new stimulus measures looks based more on hopes than reality By Rene Vanguestaine It may…
JF SmartInvest’s new product: Road to riches or desperate move to reignite growth?
The online financial educator is seeking to jumpstart its cooling growth with the launch of a stock-learning device equipped with its own content Key Takeaways: JF SmartInvest has rolled out…
Futu charges ahead in Singapore in stepped-up global expansion
The online broker’s client assets under management in the city state posted a fourth consecutive quarter of sequential double-digit gains in the three months to June Key Takeaways: Futu’s total…
Futu profits charge ahead on soaring interest income, cost savings
The online brokerage that is increasingly boosting its global footprint reported its fourth-quarter profit rose 92%, fueled by similar growth in interest income Key Takeaways: Futu’s revenue grew 42% in…
Online Brokers UP Fintech, Futu Stumble on Weak Stock Markets
China’s leading pair of internet-based stock brokers report first-quarter revenue declines, as UP Fintech reports second consecutive quarterly loss Key Takeaways: UP Fintech and Futu reported sharp first-quarter revenue declines…
