Futu's Q4 Daily Average Revenue Trades Declined 22.2% YoY To 369,729; Total Number Of Paying Clients Increased 15% YoY, Total Number Of Registered Clients Increased 10.2% YoY, And Total Trading Volume Decreased By 12.5% YoY
Portfolio Pulse from Benzinga Newsdesk
Futu Holdings Limited (FUTU) reported mixed Q4 and full-year 2023 operational results. While the total number of paying clients increased by 15% YoY and total client assets grew by 16.3%, the company saw a decline in daily average revenue trades (DARTs) by 22.2% YoY and total trading volume decreased by 12.5% YoY. Despite these declines, margin financing and securities lending balance saw a significant increase of 24.2% YoY.
March 14, 2024 | 8:20 am
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Futu Holdings Limited reported mixed operational results for Q4 and full-year 2023, with increases in paying clients and client assets but declines in DARTs and trading volume.
The mixed results indicate potential stability in Futu's client base growth and asset accumulation, but the decline in trading activity could signal a short-term concern for revenue generation from trades. The increase in margin financing and securities lending balance suggests a growing trust in Futu's financial services, potentially offsetting the negative impact of lower trading volumes on the stock price.
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IMPORTANCE 80
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