FUTU: A Leading China Stock
Fundamentals:
This is not a super stock. Those are hard to find. I have only found two.
Futu is an online brokerage and wealth management platform. I visited this company in China. I went to experience the customer service. I was also able to meet some of the management team. The customer service is excellent and so is the management. Their concept in China bridges the gap between stocks in China, Hong Kong and the USA, so that more people will have access to markets in several countries.
Earnings coming out November 22. Earnings stability is not as stable as I want them to be. So, I cannot predict the outcome as usual. However, I will watch the earnings. I expect forward guidance to be positive. 53% growth in 2023 eps estimated. 2024 about 10% growth. Annual roe is 15%.
Note on Sponsorship: It is hard to tell if large institutions are buying the stock. From what I can tell, it seems neutral.
Technicals:
Weekly 5-0
Weekly break of cloud pullback
Volume increasing with the higher high break
Morning star
Kijun support and 61.8% fib supported.
Currently consolidating before earnings due on November 22nd.
This is not a super stock. Those are hard to find. I have only found two.
Futu is an online brokerage and wealth management platform. I visited this company in China. I went to experience the customer service. I was also able to meet some of the management team. The customer service is excellent and so is the management. Their concept in China bridges the gap between stocks in China, Hong Kong and the USA, so that more people will have access to markets in several countries.
Earnings coming out November 22. Earnings stability is not as stable as I want them to be. So, I cannot predict the outcome as usual. However, I will watch the earnings. I expect forward guidance to be positive. 53% growth in 2023 eps estimated. 2024 about 10% growth. Annual roe is 15%.
Note on Sponsorship: It is hard to tell if large institutions are buying the stock. From what I can tell, it seems neutral.
Technicals:
Weekly 5-0
Weekly break of cloud pullback
Volume increasing with the higher high break
Morning star
Kijun support and 61.8% fib supported.
Currently consolidating before earnings due on November 22nd.
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