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Anonymous

11 Jun 2021

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Futu Holdings (owner of Moomoo) just announced strong earnings. Is the company a good buy?

The earnings look good. Total revenue increased 349.4% year-over-year to HK$2,204.6 million (US$283.6 million). Net income was up 6.5 times year-over-year to HK$1,162.3 million (US$149.5 million). Total number of users increased 69.7% year-over-year to 14.2 million. Total client assets increased 367.6% year-over-year to HK$462.2 billion. What are your thoughts on investing in the stock? (ticker: FUTU)

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Nicholas Wong

11 Jun 2021

300%+ growth at 66% NetIncome Margin, trading at 30x forward P/E?

So cheap and almost too good to be true imo. Be careful china risk. Remember luckin coffee? Its financials were too good to be true too.

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Mika Alphonse Low Yc

11 Jun 2021

A lot of ppl here will probably ask you to do your due diligence then ask for buy/sell advice.

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