2024-02-22 14:06:11 ET
Summary
- FUTU will likely report a more moderate pace of growth for Q4 2023, taking into account the high base in Q4 2022 and elevated costs relating to overseas market expansion.
- The company's 2024 results might be negatively impacted by rate cuts as a result of lower interest income.
- A Hold rating for FUTU is maintained considering the slower growth outlook.
Elevator Pitch
I rate Futu Holdings Limited ( FUTU ) as a Hold. Earlier, I reviewed FUTU's Q3 2023 financial performance with my previous write-up published on November 23, 2023....
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Futu Holdings: Slower Growth Ahead