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$Futu Holdings Ltd (FUTU.US)$ how important is china mainlan...
$Futu Holdings Ltd (FUTU.US)$ how important is china mainland investor for this company? anybody gives a hint?
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IamJit : There is almost the typical narrative of home ground support. It seems that this is the case here. I bought 30k of FUTU ystd and sold them ystd itself for a small 222 loss. It is clear that without the intervention from Chinese investors, as it stands, the catalysts will all fall upon deaf ears.
Bull Run : 20 million users - HK - SG- AU - US....
骨神 Bull Run : And you trust it.
cutedog OP IamJit : Will the Chinese users leave? I checked futu app and couldn’t conclude it.
IamJit cutedog OP : As per my understanding, existing users are allowed to continue using but new users cannot be onboarded. I am unaware of the current number of chinese app users but to me thats not really a problem. The problem here seems to be only Chinese investors would pump this stock and the AI craze thats ongoing means this stock could be overlooked for awhile
cutedog OP IamJit : Why Chinese investors would pump this if they love the platform so much?
穷路 : Let's say 40% of Chinese users