Futu pre-market rises over 2% and is about to release its financial report
Futu Holdings pre-market rose 2.49% to $91.3. The company will release its financial report before the market opens on November 19th, Eastern Time. Huaxing Capital previously issued a research report indicating that strong trading volume and client asset growth will drive profit growth in the third quarter of 2024, reiterating a "Buy" rating and raising the target price to $127.5. The firm expects Futu's earnings outlook for the fourth quarter of 2024 to be even more optimistic, as it will benefit from the rebound in the Hong Kong market and positive market sentiment towards Chinese ADRs
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