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Futu Holdings Limited $Futu Holdings Ltd (FUTU.US)$ announces its unaudited financial results for the third quarter ended September 30, 2021 (“Q3”).
Highlights:
• Total trading volume increased 33.1% year-over-year to HK$1.4 trillion.
• Total revenues increased 83.0% year-over-year to HK$1,731.1 million; Non-GAAP adjusted net income increased 58.5% year-over-year to HK$646.1 million.
• Total number of users increased 58.6% year-over-year to 16.6 million. Total number of registered clients increased 119.9% year-over-year to 2,580,002. Total number of paying clients increased 179.2% year-over-year to 1,167,204.
• Hong Kong paying clients increased 162% year-over-year- the sixth consecutive quarter to realize triple-digit percentage growth; Futu users number account for about 1/3 of Hong Kong adult population.
Highlights:
• Total trading volume increased 33.1% year-over-year to HK$1.4 trillion.
• Total revenues increased 83.0% year-over-year to HK$1,731.1 million; Non-GAAP adjusted net income increased 58.5% year-over-year to HK$646.1 million.
• Total number of users increased 58.6% year-over-year to 16.6 million. Total number of registered clients increased 119.9% year-over-year to 2,580,002. Total number of paying clients increased 179.2% year-over-year to 1,167,204.
• Hong Kong paying clients increased 162% year-over-year- the sixth consecutive quarter to realize triple-digit percentage growth; Futu users number account for about 1/3 of Hong Kong adult population.
![Q3 Highlights: FUTU Industry Leadership Reinforced with HK Paying Clients Up by 162%](https://ussnsimg.moomoo.com/16377434520155-80000000-web-8f00b204e9800998.jpg/thumb)
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$Rivian Automotive (RIVN.US)$ don't worry. Tesla can hit 1 trillion when earning lesser than the big boys. rivian if you are at a loss and if it's manageable to you, just hold and let it rot. it will go up unless EV bubble burst like the dot com. otherwise cut loss and don't look back. it is painful
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$Rivian Automotive (RIVN.US)$ Hold until it rises to 150
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$Rivian Automotive (RIVN.US)$Keep falling.
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$BYD Co. (BYDDF.US)$ In 2020, on the back of strong market growth and political and regulatory tailwinds, the electric vehicle industry started to garner massive attention, which has resulted in exploding share prices for many of the most-watched players, $Tesla (TSLA.US)$ being a prime example. The company is valued at more than $1 trillion today, despite selling just around 1% of all automobiles in the world. Other EV pureplays have also benefited from massive hype, such as $Rivian Automotive (RIVN.US)$ and $Lucid Group (LCID.US)$ , which are valued at around $100 billion and $80 billion, respectively, despite having produced just a couple dozen of cars in their entire company history -- this is, for reference, a market capitalization in the ballpark of $Ford Motor (F.US)$ or $DAIMLER AG ADR (DMLRY.US)$ , which sell millions of cars a year.
Due to their better growth outlook, EV pureplays naturally deserve a premium relative to how legacy automobile manufacturers are valued today. But at current prices, this seems overdone, and it seems doubtful whether a company like Rivian does deserve to trade at a similar market cap as established peers that have proven they are able to scale operations and that generate billions in net profits.
Not all companies in this space are trading at the extremely high valuations seen in RIVN, LCID, TSLA, however, as the market is somehow not hyped about all EV companies to the same degree. One company that does barely get any hype and that could be one of the best picks in this space is BYD Company.
Due to their better growth outlook, EV pureplays naturally deserve a premium relative to how legacy automobile manufacturers are valued today. But at current prices, this seems overdone, and it seems doubtful whether a company like Rivian does deserve to trade at a similar market cap as established peers that have proven they are able to scale operations and that generate billions in net profits.
Not all companies in this space are trading at the extremely high valuations seen in RIVN, LCID, TSLA, however, as the market is somehow not hyped about all EV companies to the same degree. One company that does barely get any hype and that could be one of the best picks in this space is BYD Company.
![Flashy Valuations In A Flashy Industry](https://ussnsimg.moomoo.com/882511875556762319.jpg/thumb)
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$UP Fintech (TIGR.US)$
Head back to earth
Head back to earth
![Picture](https://ussnsimg.moomoo.com/moo-1637078233-102175401-iPhone-1-org.jpg/thumb)
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$Futu Holdings Ltd (FUTU.US)$ Just to check and ask, how do everyone see Futu?
Is it time to let go or should hold on to it?
Is it time to let go or should hold on to it?
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$Futu Holdings Ltd (FUTU.US)$ Rushing to 70 isn't a big requirement
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$Futu Holdings Ltd (FUTU.US)$ drop very fast but increase very slow. 😅
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