$Futu Holdings Ltd (FUTU.US)$ Guotai Junan Securities Co. and Haitong Securities Co. unveiled the terms of their proposed merger to create a state-backed brokerage with US$226 billion ($295.3 billion) in assets to compete with Wall Street firms expanding in the country. Under the share swap deal, Guotai Junan will issue A shares and H shares to all holders of its smaller rival Haitong at a ratio of 0.62 to 1. The exchange offer is worth RMB8.57 ($1.58) in China, or a 2.3% discount on Haitong shares in Shan...
Haitong Securities' stock price decline over the past five years mirrors its EPS decrease, indicating market views haven't significantly shifted. Recent total shareholder return hints at a potential turnaround, but caution is advised due to the significant past loss.
The research is done by the respective broker and I do not endorse any of them. Just sharing here for information and reading pleasure. alphaedgeinvest... $HAITONG SEC (06837.HK)$$Haitong (600837.SH)$
Haitong Securities' low P/E ratio is likely due to investors' belief that the company's poor earnings performance will not improve. The inferior earnings outlook contributes to its low P/E, with little chance of a significant share price rise soon.
My youtube channel: https://www.youtube.com/channel/UCAPWOEQKCpCWmzKkdo7v-iw/ Do support and subscribe to my youtube channel if you like my analysis. Thanks!!! Just like Tiger Brokers, Futu's share price has been weak these few months and in fact have made 52 weeks low in recent days. This week weakness saw Futu around 38 USD but did not retest 52 weeks low of 34.11 USD. Nevertheless, the recent weakness in share price structure was linked not only to the general un...
Delta variant results in tiger having 170k funded accounts opened in 2q. 3q2021 have more than 80k funded accounts opened. Omicron is going to lead to even more account opening in 2022. Tiger funded account's number is over 50 percent of futu and it's customer funds is getting close to 50 percent of futu yet its market cap is only 15 percent of futu. For more analysis, do subscribe to my YouTube channel for a video on tiger brokers results review. My YouTube channel as follows: https://youtube.com/channel/UCAPWOEQKCpCWmzKkdo7v-iw As always, this should not be construed as any investment or trading advice. $UP Fintech (TIGR.US)$$Futu Holdings Ltd (FUTU.US)$$Robinhood (HOOD.US)$$East Money Information (300059.SZ)$$HAITONG SEC (06837.HK)$
Hopehope赋予希望
OP
Holkkie
:
this is the same for futu. my take is some of the clients have invested in Chinese tech stocks and have suffered due to sharp price correction in their assets
Hopehope赋予希望
OP
ATS A trade sniper
:
I have alot of cash on the sideline. still injecting capital and buying. u have to understand portfolio management to think through
Jimmy w : Does this mean Futu will take off?
bullrider_21 OP Jimmy w : I think after a consolidation, it will rise again.