Futu Holdings Records Solid Growth in Q3 with US$247.9 Million Total Revenues

Moomoo and its sister brand Futubull reach 19.15 million users

Palo Alto, California, November 21, 2022 /PRNewswire/ — Moomoo’s parent company, Futu Holdings Limited (NASDAQ: FUTU ) (“Futu”), a leading technology-driven digital brokerage and wealth management platform, reported achieve steady growth September 30, 2022and $247.9 million (HK$1.95 billion) gross income, and $102.7 million (HK$806.1 million) Non-GAAP adjusted net income.

(PRNewsfoto/Futu Singapore Pte Ltd)

(PRNewsfoto/Futu Singapore Pte Ltd)

Third Quarter Financial and Strategic Highlights:

  • As of the end of the quarter, the total number of users of moomoo and its sister brand Futubull increased by 15.6% year-on-year to 19.15 million.

  • The total number of registered customers increased by 21.4% year-on-year to 3.13 million.

  • The total number of paying customers increased by 23.8% YoY to 1.45 million.

  • In the third quarter, 58,000 new paying customers were added, of which about 90% came from U.S.Hong Kong Special Administrative Region, Singapore, AustraliaETC.

  • As of the end of the third quarter, the total assets of customers reached $47.1 billion (HK$369.6 billion). exist Singaporethe total customer assets increased by 77.8% year-on-year.

  • Quarterly customer retention remained high at 98%.

  • Corporate and institutional services continued to thrive, with the total number of IPO and IR clients reaching 301, an increase of 40% year-on-year. The number of ESOP customers reached 572, a year-on-year increase of 76%.

  • The total assets of wealth management customers reached $3.31 billion (HK$25.97 billion) in the third quarter, a year-on-year increase of 46.7%. The company has cooperated with 68 world-renowned financial institutions to provide customers with diversified fund products, and two new partners were added this quarter.

“Celebrating our 10day Anniversary, we are excited to see further achievements in entering new markets and expanding our global business. In the third quarter, we continued to achieve solid growth as more users and customers joined us. Our unwavering efforts to advance technological excellence, bring new features and upgrade products to meet unmet needs in various markets are key to locking in a high level of user loyalty for our brand. During the period, the customer retention rate remained at a high level of around 98%. “Futu founder, chairman, CEO and technical committee chairman Mr. Ye Hua said.

In July, Standard & Poor’s, the world’s major rating agency, reaffirmed Futu’s BBB- investment-grade long-term issuer credit rating and maintained a stable long-term rating outlook. S&P highlighted Futu’s capital adequacy ratio, business diversification and international market expansion strategies. S&P expects Futu to maintain its risk appetite, underwriting standards and good loan quality over the next 24 months, while expanding its business scope and international presence.

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Futu consolidates its market leadership in the following areas Hongkong Diversified product and application functions

In the third quarter, Futu consolidated its leading position among digital brokers Hongkong And saw its users and customers grow steadily. Futu has been continuously improving the diversity of its products and services through technological and operational advancements. The Futubull app introduces several new product features, including a monthly stock savings plan that enables customers to adopt a dollar-cost averaging investing method, a popular feature that minimizes the impact of volatility when investing .

The quarter marked the company’s new subscriptions for government-issued silver bonds Hongkongan investment product designed to provide stable returns for Hongkong Residents 65 and older. Numerous offline service points and 24-hour hotlines make the digital investment journey of the older generation smoother.

In the first three quarters of 2022, Futu’s IPO underwriting scale will rank second among local securities firms, providing underwriting services for 23 companies across the country Hongkong market. Futu’s institutional and corporate service brands remain the first choice for companies looking for ESOP solutions, especially those in the healthcare, automotive logistics, TMT, entertainment and cutting-edge technology industries.

Futu’s wealth management business cooperates with 68 global fund companies to provide services for various investors, and two new partners were added in the third quarter. As of the end of the quarter, alternative assets grew rapidly, with private equity assets under management (AUM) increasing by 67.4% quarter-on-quarter.

Moomoo Singapore excels in wealth management

exist Singapore, Moomoo Financial Singapore Pte. Ltd (“moomoo SG”) continued to attract savvy and sophisticated investors, with its AUM growing by 77.8% year-on-year. One in five local adults aged 20-70 use the moomoo investing super app. Moomoo SG has responded to the surge in demand for portfolio diversification during inflation by launching Moomoo Cash Plus, a cash management solution that enables customers to put idle cash to work.

The company cooperated with CSOP Asset Management to launch the first T+0 USD money market fund subscription redemption.As of the end of the quarter, wealth management AUM was Singapore The chain increased by 408%, and the number of fund investors increased by 203% month-on-month.

In the third quarter, moomoo’s institutional and corporate services business continued to grow, providing IR services to companies such as The Place Holdings. At the same time, moomoo SG was appointed by Lincotrade & Associates Ltd. as the joint placement agent for the company’s placement.

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moomoo SG is committed to the community it serves Singapore. It promotes financial education by holding educational events and seminars. It hosts the Charity Paper Trading Competition and strengthens its collaboration with institutional and industry partners to improve financial and investment literacy. In July, moomoo SG held the first large-scale face-to-face seminar with Singapore Exchange. A sold-out seminar facilitates investor education. In August, moomoo participated in the INVEST Fair, taking the opportunity to demonstrate the power of financial technology.

Trading platform Moomoo has rapidly gained popularity in the United States and Australia due to its strong R&D capabilities

During the third quarter, moomoo launched several popular new product features to help investors navigate the market. This includes two important features – earnings calendar and industry chain.

A new earnings calendar feature gives users quick access to stay on top of company earnings calls during the busy earnings season. Earnings interpretation features are also available to help investors make more informed investment decisions.

The industry chain is an intuitive function that allows users to view the upstream and downstream businesses of 16 industries, allowing investors to seize investment opportunities and trade like professionals.

In the US, nine YouTubers — including tech analysts, financial influencers and personal finance coaches — took part in moomoo’s September tutorial video challenge, where they filmed their user journeys using the app’s new earnings calendar feature. Together, the videos garnered nearly 100,000 votes from moomoo users.

Moomoo is also collaborating with other prominent financial educators and influencers at FinCon 2022, the influential financial bloggers conference in the US. moomoo has gained a firm foothold in the San Francisco Bay Area over the past few years, working to increase brand awareness across the United States.

exist Australia, moomoo has partnered with Macquarie University to conduct a national study investigating how transparency in sustainable trade education and corporate social responsibility credentials influences Australian investor behaviour. This industry-first study will explore the behavior of multiple investor groups to understand how in-person education or exposure to a company’s ESG ratings can influence an individual’s investment decisions. Study participants will use moomoo’s simulated trading environment, which mirrors actual trading conditions with real market data.

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Moomoo also participated in Australia’s largest online investment summit for financial content creators – 2022 Entrepreneur Summit hosted by Henry Weiwhich greatly expanded its influence in the Australian market.

Moomoo and its parent company, Futu, remain committed to promoting financial literacy, investor education and responsible investing for investors at all levels. A new feature “Learning Plan” was launched to help expand users’ financial knowledge base through well-designed investment courses. As of the end of the quarter, the company had launched more than 3,000 Chinese and English online courses on moomoo, including 757 articles and 204 videos.

About moomoo

Moomoo is a next-generation one-stop digital financial services platform created by Moomoo Technologies Inc., a Palo Alto-based financial technology company, california.

Moomoo integrates trading, market data and social networking with advanced features such as AI-driven analytics and anomaly detection capabilities.It supports free online account opening and provides access to trading stocks and ETFs in multiple global markets such as U.S., Hong Kong SAR, Singapore and Australia. Moomoo and its branded affiliates also provide rich investor education content and an interactive online community with more than 18 million users in more than 200 countries around the world.

The parent company of Moomoo is Futu Holdings Limited (“Futu”), a NASDAQ-listed fintech company headquartered in Hong Kong SAR. Futu’s subsidiary is also one of the largest securities firms in the Hong Kong Special Administrative Region. Futu was listed on NASDAQ on March 8, 2019 (stock code: FUTU).

For more information, please visit moomoo’s official website www.moomoo.com.

About Futu

Futu Holdings Limited (Nasdaq: FUTU ) is an advanced technology company transforming the investing experience by providing a fully digital brokerage and wealth management platform. Primarily serving the emerging affluent population, the firm seeks a tremendous opportunity to facilitate a once-in-a-lifetime shift in the wealth management industry and build a digital gateway to a wider range of financial services. The company provides investment services through its proprietary digital platforms, Futubull and moomoo, each of which is a highly integrated application accessible from any mobile device, tablet or desktop. The company’s main fee-based services include trade execution — which allows its clients to trade securities such as stocks, ETFs, warrants, options and futures in various markets — as well as margin financing and securities lending. Featuring embedded social media tools, Futu creates a user-centric network and provides an investment community for users, investors, companies, analysts, media and key opinion leaders.

Source Futu Holdings Limited


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