GareyYeo Edit name : You probably have to take into the effect of growth here. Non of those big tech that you’ve listed are growing at >50% naturally the p/e (TTM) would be higher for $FUTU

GareyYeo Edit name : That’s the thing about growth investing, nothing is for certain. Consc estimates for futu in 21e and 22e is >100%/>55% for the bottom line. But I’m not here to argue. My point is, if you’re thinking of making a comps, you should consider names with similar business profile or industry. A comparison with IBKR, TIGR, SCHW would make a better sense. Cheers