$Futu Holdings Ltd (FUTU.US)$ China government new regulatio...
$Futu Holdings Ltd (FUTU.US)$ China government new regulations only targeting those internet co with monopolistic power, gaming and data security concerns. Futu shouldn't be one of them, same goes to those EV stocks.
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toomanyscammers : Futu’s large shareholder is Tencent though.
GM 1 toomanyscammers : The earnings report should bring good news
toomanyscammers GM 1 : Yep , looks like it did =) but let’s not forget that Tencent is still heavily regulated by China and their crackdown will take five years...so there’ll be more dips coming for futu ahead...but if it’s fundamentals are good...we need to be patient and ride it through then. My noob thoughts from a noob investor :)
cslee1288 OP : Agree. I am here to hold for at least 5 yrs if nothing abnormal happen down the road
toomanyscammers cslee1288 OP : Hopefully we don’t have to hold for five years for things to improve! I’m hoping it’ll improve in the next two years, haha. Futu has its own earnings report to release too, this year
cslee1288 OP toomanyscammers : My target price for holding 5 yrs is $300, haha
GM 1 toomanyscammers : Haha ur no noob. Where did u get the 5 years ?
toomanyscammers : Haha I dunno how that will pan out...hmmmm did even Facebook manage to hit such an exponential rise? Hmm well, but five years is a Long time. Hehe my target was for it to be 160-170 easily by year end, but now with the crackdown, I think I need to give more time for that target to be hit haha.
toomanyscammers GM 1 : Hehe helloos. I’m not well-read though on investments and just started recently only, so I’m definitely still a beginner
but anyways, yep, it was reported in the news that China set a 5 year timeline for their grand crackdown plan hehs. Lemme find an article on it. But yup. . I’m expecting the companies to start tidying up their biz before the five years deadline is up though..
toomanyscammers : Helloos! Here it is https://www.bbc.com/news/business-58182658
but one must really be able to be prepared for the dips ahead...and to rough it out till things pick up. Just hope they pick up! Lol
But as the companies targeted in the crackdown are fundamentally strong companies (eg Alibaba etc), I believe their stocks still have potential
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