First Quarter 2022 Financial Highlights
$Futu Holdings Ltd(FUTU.US$
Total revenues decreased 25.6% year-over-year to HK$1,641.0 million (US$209.5 million).
Total revenues decreased 25.6% year-over-year to HK$1,641.0 million (US$209.5 million).
Total gross profit decreased 19.8% year-over-year to HK$1,413.0 million (US$180.4 million).
Net income decreased 50.8% year-over-year to HK$571.8 million (US$73.0 million).
Non-GAAP adjusted net income5 decreased 47.2% year-over-year to HK$622.2 million (US$79.4 million).
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Bull Run OP : Result is not good however clients increased. Only can hope for a better future
DFAG : last few result good but end up drop like crazy. gave up already. crying . now result good or bad also no eyes see.
abundance 96 : so many good indicators
Vlastimil Bull Run OP : Don’t forget that you’re comparing Q1/2021 (peaking bill market) with Q1/2022(bear market). It’s still great result with all investments in self-clearing and new products and still making 70M+$ profit.
It’s not the strongest result, but with all headwinds and bad news, it’s very good stable indicator. Also, FUTU made investments in AU market which is also reflected in non-gaap income.
Also even with current performance and EPS = 2USD per share annually, the value for growing company should be around ~65 USD. Current P/E is highly below other peers.
Just my 2 cents when I saw your comment of bad “earning”
Bull Run OP : Pre_market high push up pricing going to short down on actual open market. Those bought higher will become bag holders.
K R North Bull Run OP : and you say you don't have a short position on this stock?? what a clown
Bull Run OP : I don't. I have sold majority and only will buy back if the price dip to a good offer level.
K R North Bull Run OP : go read all your comments on futu. it's all negative! so I question what you say
Joejj : You shorter issit?
optimistic Hare_7569 Bull Run OP : you funny bloke, read the entire reports, even their revenue and profits declined, but their operating costs, brokerage expenses also declined proportionally, and we are in bear market, everybody refrains from trading, so it makes sense their revenue dropped. But they still made good profits overall, with their expansion to Australia and Singapore, their IPO service, etc.
their net wealth assets declined were because open positions dropped in value as bear market. Read the whole report, not just snapshot certain parts of the earnings report!!!
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