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    Futu Holdings Aiming to Outperform the Rest


    Dec 30,2022

    6:01 AM UTC

    Futu Holdings Limited (NASDAQ: FUTU) has seen top-notch performance all through this year, without fail. It is one of the few mid-sized players on NASDAQ that have delivered quite the win to its shareholders. Only time will tell how far this beast flies, now that the management is shifting focus toward international expansion.

    FUTU’s Rock-Solid Standing

    From a bird’s eye view, Futu Holdings Limited (FUTU) is a rock-solid player operating in the Chinese market, including both the mainland and Hong Kong. As a brokerage, FUTU offers online banking, wealth management services, market data, and a range of other services, to its almost 12 million users. What is most impressive about this financial juggernaut is its focus on international expansion, which will see the company soar to new heights. Its business has understandably been impressive, with top and bottom line performance at 114% and 82% respectively. This star player has been on a roll this year, where even giants had fallen to their knees.

    FUTU Outperforms S&P 500

    Despite the uncertainty and shocks that China saw throughout 2022, Chinese stocks have still fared relatively better than their Western counterparts. In fact, just looking into the price trajectory of FUTU this past year, we see that its growth of 54% vastly outpaced that of the S&P 500, which slipped by almost 20%. The stock, therefore, has been remarkable at hedging against macroeconomic shocks via geographic diversification. Analysts further expect Futu Holdings to continue its upward climb in the short term, with further regulatory tailwinds on the horizon. The stock remains a safe bet entering into a recession.


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