Opinions
The Panic-Proof Portfolio (Stockchase Research)
Futu Holdings Limited
FUTU-Q
PAST TOP PICK
Jul 27, 2021
(A Top Pick Jun 17/21, Down 20.5%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with FUTU has triggered its stop at $120. WE recommend covering the position at this time. We will look for better opportunities.
$101.300
Stock price when the opinion was issued
Financial Services
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TOP PICK
Stockchase Research Editor: Michael O'Reilly FUTU is the online digital stock trading platform equivalent of SCHW for Southeast Asia. It has clients in China and recently launched in Singapore and now how over 100,000 clients. Recent reported earnings were up over 300% and its sales have been doubling for 5 consecutive quarters. It is trading at 31x forward earnings versus peers at 53x. Its cash reserves are growing just as quickly. We would buy this with a stop loss at $120, looking to achieve $220 -- upside potential over 45%. Yield 0% (Analysts’ price target is $219.16)
Financial Services