Futu Holdings Limited (FUTU): A Bull Case Theory

We came crossed a bullish thesis on Futu Holdings Limited connected r/Valueinvesting by Glad-River7299. In this article, we volition summarize the bulls’ thesis connected FUTU. Futu Holdings Limited's stock was trading astatine $184.08 arsenic of January 13th. FUTU’s trailing and guardant P/E were 20.62 and 11.99 respectively according to Yahoo Finance.

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FUTU Holdings is highlighted arsenic an under-the-radar brokerage level competing with Robinhood portion offering differentiated vulnerability to fast-growing Asian and planetary retail investing markets. Headquartered successful Hong Kong, the institution operates done Futubull, which chiefly serves Hong Kong and mainland China, and Moomoo, which targets planetary markets.

This dual-platform operation provides entree to regions wherever retail information continues to grow and remains structurally underpenetrated comparative to the U.S. Financial show has been strong, with gross astir doubling from $7.12 cardinal successful 2021 to $13.6 cardinal successful 2024, portion nett margins person remained astir 40%, underscoring the scalability and operating leverage of the concern model.

Despite this maturation profile, FUTU trades astatine astir 18.5x earnings, which appears charismatic fixed that net person compounded astatine astir 30% implicit the past 2 years. The banal terms has already appreciated 91% implicit the past twelvemonth and presently trades adjacent $165, down from a caller precocious of $199, suggesting the shares whitethorn inactive beryllium 20% to 30% undervalued based connected guardant maturation expectations.

User and plus maturation proceed to accelerate, with full brokerage accounts reaching 5.61 cardinal arsenic of Q3 2025, representing 31% year-over-year growth, portion full lawsuit assets accrued 79% twelvemonth implicit twelvemonth to astir $158 billion. International adoption has been peculiarly strong, with Moomoo surpassing 1.5 cardinal users successful Singapore, increasing much than 50% successful 15 months, exceeding 1 cardinal users successful Malaysia aft increasing tenfold successful conscionable implicit a year, and ranking arsenic the astir downloaded trading app successful Australia and New Zealand by the extremity of Q3 2025.

Overall, FUTU combines precocious profitability, accelerated planetary idiosyncratic growth, and vulnerability to structurally charismatic markets, supporting a compelling semipermanent concern case.

Previously, we covered a bullish thesis connected Robinhood Markets, Inc. by Chit Chat Stocks successful May 2025, which highlighted the company’s ample nether monetized idiosyncratic basal and beardown plus growth, driving agelong word ARPU expansion. HOOD’s banal terms has appreciated by astir 84.58% since our coverage. This is due to the fact that the thesis played retired arsenic idiosyncratic engagement and monetization improved. Glad-River7299 shares a akin thesis but emphasizes geographic diversification and higher margins astatine FUTU.