$Futu Holdings Ltd (FUTU.US)$ 2 last day of trading before e...
$Futu Holdings Ltd (FUTU.US)$ 2 last day of trading before earnings are out.
it’s not that important whether earnings will be super great (although should be good given announced 300M USD buyback), but mainly FUTU can finally clarify on regulatory concerns, their compliance with PIPL and cross-border trading, their plans for Q4 and progress on obtaining Crypto licenses in US, SG, HK.
Believe that company should be more proactive and communicate better towards investors as so many fears, uncertainties are being spread.
Wiah you good Q3 earnings and please have us crypto in Q4 as it was promised during Q1 earnings #TeamMooMoo
it’s not that important whether earnings will be super great (although should be good given announced 300M USD buyback), but mainly FUTU can finally clarify on regulatory concerns, their compliance with PIPL and cross-border trading, their plans for Q4 and progress on obtaining Crypto licenses in US, SG, HK.
Believe that company should be more proactive and communicate better towards investors as so many fears, uncertainties are being spread.
Wiah you good Q3 earnings and please have us crypto in Q4 as it was promised during Q1 earnings #TeamMooMoo
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Dabuelrxy : Enabling crypto trade on their HK business is gonna make them a bigger target for China to shoot down. US, SG business still ok.
Duskerdawn : Looking forward to the announcements as well! cheers!
Vlastimil OP Dabuelrxy : There are rules in HK market and they don’t do anything illegal if they will provide Crypto non-Chinese Nationals and likely only professional investors similarly like they do with HK IPO. This was already shared in Q1. If they will proceed , is other thing.
However, if they will cooperate proactively, pretty sure they can find a way. If they want have crypto without valid license, they could offer it long time ago like e.g. coinbase. However, they want go with proper way and hope they will clarify all this as most of don’t understand the process
Dabuelrxy Vlastimil OP : Agreed, they need to make sure everything is by law. Looking forward to their HK IPO plans too.