Futu Holdings (FUTU) Stock Overview
Engages in the provision of digitalized securities brokerage and wealth management product distribution service in Hong Kong and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 2/6 |
| Past Performance | 5/6 |
| Financial Health | 5/6 |
| Dividends | 4/6 |
FUTU Community Fair Values
Create NarrativeSee what 107 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Futu Holdings Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$98.17 |
| 52 Week High | US$202.53 |
| 52 Week Low | US$80.50 |
| Beta | 0.38 |
| 1 Month Change | 6.33% |
| 3 Month Change | -30.36% |
| 1 Year Change | -20.27% |
| 3 Year Change | 130.34% |
| 5 Year Change | -28.58% |
| Change since IPO | 540.80% |
Recent News & Updates
Seeking Alpha • Jul 03
Futu Holdings: ECM And Enterprise Services Primed To Defy Regulatory Drag
Summary Futu Holdings is rated Buy with a $115–$128/share target, reflecting upside from overlooked corporate services and ECM revenue growth. Regulatory crackdown in mainland China pressures 20% of revenue, but robust expansion in enterprise services and Hong Kong ECM offsets headwinds. Consensus underestimates FUTU’s 2027E revenue/EPS; we forecast $3.4bn revenue and $12.83 EPS, 5% above consensus, driven by corporate services. Risks include competitive overseas expansion and market volatility, but strong ROE (25–30%) and corporate services growth support valuation upside. Read the full article on Seeking Alpha
Narrative Update • Jun 30
FUTU: International Expansion And Buyback Will Offset Mainland Regulatory Headwinds
Analysts have trimmed their price targets for Futu Holdings, with the updated fair value estimate moving from about $230 to about $162 as they factor in tighter regulation, lower projected revenue growth, slightly slimmer profit margins, and a reduced future P/E multiple. Analyst Commentary Recent Street research on Futu Holdings shows a wide range of views, with both bullish analysts and more cautious voices adjusting their expectations as regulatory headlines and revised estimates feed into valuation models.Analysis Article • Jun 17
Futu Holdings (FUTU) Stock Could Be 58.2% Undervalued After Regulatory Investigation
Pomerantz LLP is investigating Futu Holdings (NasdaqGM:FUTU) after a Reuters report that Chinese regulators may penalize the broker for soliciting clients without an onshore license, bringing regulatory risk into focus. See our latest analysis for Futu Holdings. The investigation comes after a difficult period for Futu Holdings, with the share price down 46.2% year to date and 33.6% over 90 days. However, the three year total shareholder return is 152.7%, suggesting long term holders have...Recent updates
Seeking Alpha • Jul 03
Futu Holdings: ECM And Enterprise Services Primed To Defy Regulatory Drag
Summary Futu Holdings is rated Buy with a $115–$128/share target, reflecting upside from overlooked corporate services and ECM revenue growth. Regulatory crackdown in mainland China pressures 20% of revenue, but robust expansion in enterprise services and Hong Kong ECM offsets headwinds. Consensus underestimates FUTU’s 2027E revenue/EPS; we forecast $3.4bn revenue and $12.83 EPS, 5% above consensus, driven by corporate services. Risks include competitive overseas expansion and market volatility, but strong ROE (25–30%) and corporate services growth support valuation upside. Read the full article on Seeking AlphaNarrative Update • Jun 30
FUTU: International Expansion And Buyback Will Offset Mainland Regulatory Headwinds
Analysts have trimmed their price targets for Futu Holdings, with the updated fair value estimate moving from about $230 to about $162 as they factor in tighter regulation, lower projected revenue growth, slightly slimmer profit margins, and a reduced future P/E multiple. Analyst Commentary Recent Street research on Futu Holdings shows a wide range of views, with both bullish analysts and more cautious voices adjusting their expectations as regulatory headlines and revised estimates feed into valuation models.Analysis Article • Jun 17
Futu Holdings (FUTU) Stock Could Be 58.2% Undervalued After Regulatory Investigation
Pomerantz LLP is investigating Futu Holdings (NasdaqGM:FUTU) after a Reuters report that Chinese regulators may penalize the broker for soliciting clients without an onshore license, bringing regulatory risk into focus. See our latest analysis for Futu Holdings. The investigation comes after a difficult period for Futu Holdings, with the share price down 46.2% year to date and 33.6% over 90 days. However, the three year total shareholder return is 152.7%, suggesting long term holders have...
Narrative Update • Jun 16
FUTU: Mainland Crackdown And Wind Down Will Reset Stock Risk Profile
Futu Holdings' analyst price targets have been reset lower into a tighter range of approximately $100 to $180, as analysts factor in recent regulatory tightening, potential fines and compliance costs, and adjust earnings and P/E assumptions to reflect greater uncertainty around cross-border business and client growth. Analyst Commentary Recent research on Futu Holdings shows a clear step down in analyst conviction, with several firms cutting price targets and, in some cases, downgrading ratings as they reassess regulatory, earnings, and execution risks around the stock.Narrative Update • Jun 02
FUTU: Regulatory Crackdown And Mainland Wind Down Will Reshape Risk Reward Profile
Analysts have trimmed the implied fair value for Futu Holdings from about $193.06 to $111.96 as a series of research updates factor in lower earnings estimates, reduced target P/E multiples and increased regulatory and competitive uncertainty. Analyst Commentary Recent research on Futu Holdings points to a clear reset in expectations as analysts reassess earnings power, regulatory exposure and the appropriate P/E multiple for the stock.Narrative Update • May 16
FUTU: Conviction List Inclusion And P E Reset Will Drive Upside
Analysts have adjusted their price target on Futu Holdings to $193.06 from $193.04, citing updated assumptions for revenue growth, profit margins and future P/E, as well as recent research that includes both target cuts from Morgan Stanley and Barclays and an addition to Goldman Sachs' APAC Conviction List. Analyst Commentary Street research on Futu Holdings has been mixed, with one major firm adding the stock to a conviction list while others have trimmed their price targets.
Narrative Update • Apr 28
FUTU: Future Paying Client Additions And Upgrade Support Further Upside Potential
Narrative Update on Futu Holdings The updated analyst price target for Futu Holdings has been trimmed by about $1 to $281, as analysts factor in slightly higher discount rates alongside broadly steady long term growth, margin and P/E assumptions following recent target resets and an upgrade in Street research. Analyst Commentary Recent Street research on Futu Holdings combines target cuts with a more constructive tone on execution and user growth, which helps explain why the consolidated price target has only been modestly trimmed.Narrative Update • Apr 14
FUTU: Rising Paying Clients And Stronger Margins Will Support Future Earnings
Analysts have trimmed their average price target on Futu Holdings by $21 to reflect slightly softer revenue growth assumptions, offset by stronger expected profit margins and a lower projected future P/E, as highlighted in recent updates from major research firms. Analyst Commentary Recent research updates on Futu Holdings have focused on how the latest client growth trends and margin expectations line up with current valuation multiples and revised price targets.Narrative Update • Mar 30
FUTU: Future Client Additions And P E Reset Will Drive Upside
Narrative Update The analyst price target for Futu Holdings has been reduced by $21, as analysts adjust their fair value estimate slightly lower while updating assumptions around client growth, profitability, and future P/E multiples following recent research from major banks. Analyst Commentary Recent Street research shows a more cautious stance around Futu Holdings, with several bearish analysts cutting price targets and reassessing key assumptions around client growth, profitability, and the appropriate P/E multiple for the stock.Narrative Update • Mar 16
FUTU: Future Paying Client Expansion Will Support Further Upside Potential
Analysts modestly reduced their price target on Futu Holdings to $200. The updated assumptions reflect slightly lower revenue growth expectations, stronger profit margins, and a lower future P/E multiple supported by recent client growth trends and forward guidance.Narrative Update • Mar 02
FUTU: Recent Upgrade And Execution Will Support Further Upside Potential
Analysts have trimmed their 12 month price target on Futu Holdings to about $279 from roughly $285, citing refreshed assumptions around discount rates, revenue growth, profit margins and future P/E multiples. Analyst Commentary Recent Street research on Futu Holdings has leaned positive, with some high profile upgrades contributing to the refreshed 12 month price targets you see today.Narrative Update • Feb 16
FUTU: Asset Inflows And Trading Activity Will Drive Future Upside Potential
Narrative Update: Futu Holdings Analyst Target Revision The updated analyst price target for Futu Holdings has moved from about $142 to about $195, with analysts pointing to expectations for stronger revenue growth, higher profit margins, and a lower assumed future P/E multiple. This view is supported by recent research that highlights ongoing asset inflows, trading volumes, and what analysts view as an attractive valuation after the recent share selloff.Narrative Update • Feb 02
FUTU: Asset Inflows And Trading Volumes Will Support Future Earnings Power
Analysts have inched their fair value estimate for Futu Holdings higher to about $229.49 from $227.83, pointing to slightly stronger assumptions around revenue growth, profit margins and a marginally lower discount rate that align with recent positive research updates from firms highlighting solid asset inflows, trading volumes and valuation after the recent selloff. Analyst Commentary Bullish Takeaways Bullish analysts point to the recent share selloff as creating what they view as an attractive entry valuation relative to the company’s fundamentals.Narrative Update • Jan 19
FUTU: Asset Inflows And Trading Volumes Will Support Post Selloff Upside
Narrative Update Analysts have nudged their fair value estimate for Futu Holdings slightly higher to about US$227.83 from roughly US$227.56. They cite steady assumptions around revenue growth, margins, and future P/E, along with recent research that highlights strong Q3 results, resilient asset inflows, trading volumes, and what they view as an attractive valuation after the recent share selloff.Narrative Update • Jan 05
FUTU: Asset Inflows And Trading Activity Will Support Post Selloff Upside
Narrative Update Analysts have lifted their fair value estimate for Futu Holdings by about US$2 to roughly US$228, citing expectations for slightly higher revenue growth, a modestly lower discount rate, and a small adjustment to future P/E and profit margin assumptions following recent research updates. Analyst Commentary Recent research commentary around Futu Holdings has centered on the recent share price selloff, current valuation, and the support that asset inflows and trading activity may provide to core brokerage and interest income.Narrative Update • Dec 13
FUTU Strong Asset Inflows And Trading Volumes Will Support Bullish Upside
Analysts have modestly raised their price target on Futu Holdings, reflecting a higher fair value estimate of approximately $285 from about $267. They are factoring in continued asset inflows, resilient trading volumes, and an attractive post selloff valuation, despite slightly lower margin and growth assumptions.Narrative Update • Nov 29
FUTU: Recent Selloff And Strong Q3 Results Will Drive Renewed Upside
Analysts have raised their price target for Futu Holdings from $211 to $226, citing robust third-quarter results and a more attractive valuation after the recent share selloff. Analyst Commentary Following Futu Holdings' recent share price movements and its strong quarterly performance, analysts have provided updated insights into the company’s outlook and valuation.Narrative Update • Nov 15
FUTU: Easing Regulatory Risks Will Drive Further Share Gains Ahead
Futu Holdings’ analyst price targets have risen sharply in recent days, climbing from previous levels by as much as $70. Analysts cite robust quarterly growth in client activity, revenue, and profits, along with expectations for a reduced valuation discount as regulatory sentiment improves.Narrative Update • Nov 01
FUTU: Easing Regulatory Headwinds And Digital Finance Will Guide Next Phase
Futu Holdings' analyst price target increased by approximately $4, with the new consensus reflecting continued strong performance in revenue and profitability. Analysts cite robust operating trends and narrowing valuation discounts as contributing factors.Narrative Update • Oct 18
Global Expansion And Digital Finance Will Shape Future Trends
The analyst price target for Futu Holdings has increased from $204.77 to $207.27. This reflects analysts' expectation of continued robust revenue growth and profit margins following the company's stronger-than-anticipated quarterly performance.Narrative Update • Aug 22
Global Expansion And Digital Finance Will Shape Future Trends
Driven by significantly better-than-expected Q2 results, strong customer and asset growth, and favorable regulatory developments in Hong Kong and China, analysts have raised Futu Holdings’ consensus price target from $162.88 to $182.62. Analyst Commentary Strong Q2 performance, with results well ahead of expectations, driven by robust growth in new customer acquisitions and assets under management.Analysis Article • Jul 10
Futu Holdings Limited's (NASDAQ:FUTU) P/E Is Still On The Mark Following 31% Share Price Bounce
Despite an already strong run, Futu Holdings Limited ( NASDAQ:FUTU ) shares have been powering on, with a gain of 31...Seeking Alpha • Mar 17
What To Do After Futu Holdings Stock Rallied
Summary Futu Holdings Limited posted strong Q4 2024 results, with revenue up 87.8% over the year, driving a $10 stock price gain. Despite a downgrade from Seeking Alpha’s Quant rating, Futu's momentum in client acquisition and market expansion, especially in Hong Kong and Singapore, remains strong. Futu's strategic use of AI and diversified product offerings, including cryptocurrency and wealth management, aim to meet varied client demands and enhance satisfaction. Risks include potential volatility in U.S. stocks and increased competition in AI, which could impact trading volumes and profitability. Read the full article on Seeking AlphaSeeking Alpha • Feb 27
Futu: Still Positive Considering Fourth Quarter Expectations And Competitor Entry
Summary I maintain a Buy rating for Futu Holdings, as there are visible catalysts to drive an expansion of its P/E multiple. Strong trading volume in the Hong Kong market and the addition of new clients in Japan and Malaysia make a 4Q earnings beat for FUTU highly probable. Robinhood's entry into Asia is seen as a positive catalyst, highlighting Futu's valuation discount vis-à-vis the US broker. Read the full article on Seeking AlphaSeeking Alpha • Dec 12
Futu Is A Buy As Dust Has Settled
Summary Futu Holdings is a strong buy due to impressive revenue and net income growth, despite regulatory challenges in mainland China. The company’s international expansion under the Moomoo brand has diversified its revenue streams and reduced its dependence on the Chinese market. Futu's operating leverage and solid balance sheet, combined with a low forward PE ratio, present a compelling investment opportunity. While geopolitical risks remain, Futu's high margins, robust growth, and strategic execution make it a valuable addition to a diversified portfolio. Read the full article on Seeking Alpha
New Narrative • Nov 24
Dynamic Expansion In Asia And Crypto Drives Future Growth Amid Market Challenges
Strong client acquisition in Asia boosts future revenue growth through increased trading activities and brokerage fees.Seeking Alpha • Aug 20
Futu Holdings: Buying Its Client Base, Margin Compression
Summary Futu Holdings Limited stock was recommended for buying in the 50s and selling in the high 60s or 70s, with a long-term wealth building strategy. Q2 2024 key performance metrics showed strong growth in registered and paying clients, client assets, and total revenues for Futu Holdings. Despite impressive revenue and client growth, margin compression, high operating expenses, and minimal earnings growth keep the stock pinned. Read the full article on Seeking AlphaSeeking Alpha • May 28
Futu Holdings Continues To Grow, But Lock In Some Profit
Summary Futu Holdings Limited is an online brokerage firm based in Hong Kong with millions of customers and a range of services. The company has reported growth in registered and paying clients, as well as an increase in client assets. Despite this growth, total revenues only increased by 3.7% and there was a decline in net income, raising concerns about margins and profitability. Take some profit on this trade, and consider a house position, but watch those margins. Read the full article on Seeking AlphaSeeking Alpha • Feb 22
Futu Holdings: Slower Growth Ahead
Summary FUTU will likely report a more moderate pace of growth for Q4 2023, taking into account the high base in Q4 2022 and elevated costs relating to overseas market expansion. The company's 2024 results might be negatively impacted by rate cuts as a result of lower interest income. A Hold rating for FUTU is maintained considering the slower growth outlook. Read the full article on Seeking AlphaSeeking Alpha • Oct 17
Futu Stock: More Time Needed For Meaningful Diversification
Summary FUTU is trying its best to mitigate regulatory risks with geographic expansion; non-Mainland China markets contribute the vast majority of FUTU's new client additions in the most recent quarter. FUTU has made decent headway in growing the company's non-brokerage businesses, such as ESOP solutions and wealth management. But a substantial proportion of FUTU's existing customers are Mainland Chinese while brokerage and interest income still account for the bulk of the company's topline. Futu Holdings' shares don't warrant a Buy rating yet; the company needs to deliver a meaningful change in its revenue and client mix with its business and geographical diversification efforts before investors will turn bullish on the stock. Elevator Pitch My rating for Futu Holdings Limited's (FUTU) shares is a Hold. I previously reviewed FUTU's financial results for the fourth quarter of 2021 in an article published on March 15, 2022. I share my latest thoughts on Futu Holdings in this article. Futu Holdings has been working hard to diversify the company's operations in terms of geography and business. But FUTU's post-Q2 2022 results share price performance indicates that the changes to the company's revenue and client mix aren't perceived to be sufficiently significant at this point in time. As such, I maintain my Neutral view and Hold rating for FUTU. Geographical Diversification In my earlier mid-March 2022 update for Futu Holdings, I highlighted that FUTU faces regulatory risks relating to "its ability to provide offshore trading services to Mainland Chinese clients." Recent metrics suggest that the company has done a decent job in trying to diversify its client mix. According to the company's Q2 2022 earnings press release, only a mere 10% of Futu Holdings' new (paying) customer additions came from Mainland China. This represented an improvement from Q1 2022 which saw the Mainland Chinese market accounting for about a fifth of its new clients. In other words, FUTU's efforts to reach out to investors in markets outside Mainland China, such as Hong Kong, Singapore, the US, and Australia appear to be paying off. Specifically, FUTU has performed reasonably well in its efforts to expand its client base in the Hong Kong market, and there is potential for further growth. Futu Holdings revealed in its second-quarter media release that over "40% of Hong Kong's adult population" are the company's registered users (including both paying clients and non-paying users). Looking forward, FUTU noted at the company's Q2 2022 investor briefing that its focus is on targeting "clients over 30 years old" in the Hong Kong market. In a nutshell, there is an opportunity for Futu Holdings to convert more of its non-paying users in Hong Kong into paying clients. In summary, Futu Holdings has mitigated regulatory risks to a certain extent with the company's ongoing geographical diversification efforts. Volatility Isn't Necessarily A Bad Thing Previously, there were concerns that FUTU's brokerage business will be negatively affected by a downturn in equity markets, but this hasn't exactly been the case in reality. In the second quarter of 2022, Futu Holdings saw its brokerage income increase by a very strong +30% YoY to HK$1,033.8 million. This was driven by both an increase in commission rate and US trading volume growth. At its Q2 2022 earnings briefing, FUTU explained that growing "contributions from the derivatives trading" (vis-a-vis equity trading) helped to increase overall commission rates for the company, while "leveraged and inverse ETFs" were responsible for the higher trading volume for the US market. This implies that market volatility has been a tailwind for FUTU to some degree, as this encourages the use of derivatives and ETFs among investors. Moving ahead, future declines in equity trading volume due to weak investor sentiment might be partially offset by the increase in trading of non-equity financial instruments like ETFs or derivatives. As such, FUTU's actual financial performance, especially relating to its core brokerage business, might be better than what investors expect. Non-Brokerage Businesses The growth in Futu Holdings' non-brokerage businesses suggests that the company's financial performance in the long run should be less reliant on the results of its core brokerage business as it was in the past. A number of key operating metrics revealed in its most recent quarterly results press release offers an indication of FUTU's progress in expanding the company's non-brokerage businesses. The Assets Under Management or AUM for Futu Holdings' wealth management business grew by +59% YoY to HK$21.9 billion as of June 30, 2022. Cross-selling has been effective, with FUTU disclosing at its second-quarter earnings call that about 15% of the company's paying clients for its brokerage business also purchased its wealth management products. Separately, FUTU's employee stock options or ESOP solutions business also witnessed a +97% YoY jump in its number of customers to 519 as of end-1H 2022. The excellent operating performance of Futu Holdings' ESOP solutions and wealth management businesses is encouraging. But this might not be sufficient to support FUTU's share price, as discussed in the next section. Futu's Post-Earnings Stock Price Performance FUTU's stock price dropped by -22.7% since the company reported its second-quarter financial results at the end of August. The company's shares have also done poorly on a relative basis, as the broader market as represented by the S&P 500 declined by just -7.9% in the same period.Seeking Alpha • Aug 29
Futu Holdings Q2 2022 Earnings Preview
Futu Holdings (NASDAQ:FUTU) is scheduled to announce Q2 earnings results on Tuesday, August 30th, before market open. The consensus EPS Estimate is $0.56 (+24.4% Y/Y) and the consensus Revenue Estimate is $202.69M (-0.2% Y/Y). Over the last 3 months, EPS estimates have seen 4 upward revisions and 2 downward. Revenue estimates have seen 6 upward revisions and 6 downward.Shareholder Returns
| FUTU | US Capital Markets | US Market | |
|---|---|---|---|
| 7D | 1.0% | 7.2% | 0.8% |
| 1Y | -20.3% | 4.6% | 20.2% |
Return vs Industry: FUTU underperformed the US Capital Markets industry which returned 4.6% over the past year.
Return vs Market: FUTU underperformed the US Market which returned 20.2% over the past year.
Price Volatility
| FUTU volatility | |
|---|---|
| FUTU Average Weekly Movement | 12.5% |
| Capital Markets Industry Average Movement | 3.9% |
| Market Average Movement | 7.3% |
| 10% most volatile stocks in US Market | 16.7% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: FUTU's share price has been volatile over the past 3 months compared to the US market.
Volatility Over Time: FUTU's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of US stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2007 | 3,540 | Leaf Li | www.futuholdings.com |
Futu Holdings Limited engages in the provision of digitalized securities brokerage and wealth management product distribution service in Hong Kong and internationally. It offers online financial services, including securities and derivative trades brokerage, margin financing and fund distribution services through its Futubull and Moomoo digital platforms. The company also provides financial information and online community services; online wealth management services under the Money Plus brand name through its Futubull and moomoo platforms, which provides its client access to mutual funds, private funds, bonds, structured products, and other wealth management products; market data and information services; and NiuNiu Community, an open forum for users and clients to share insights, ask questions, and exchange ideas.
Futu Holdings Limited Fundamentals Summary
| FUTU fundamental statistics | |
|---|---|
| Market cap | US$13.32b |
| Earnings (TTM) | US$1.28b |
| Revenue (TTM) | US$2.84b |
10.7x
P/E Ratio4.8x
P/S RatioIs FUTU overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| FUTU income statement (TTM) | |
|---|---|
| Revenue | HK$22.31b |
| Cost of Revenue | HK$1.24b |
| Gross Profit | HK$21.07b |
| Other Expenses | HK$11.02b |
| Earnings | HK$10.04b |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 71.64 |
| Gross Margin | 94.44% |
| Net Profit Margin | 45.03% |
| Debt/Equity Ratio | 52.8% |
How did FUTU perform over the long term?
See historical performance and comparisonDividends
5.3%
Current Dividend Yield25%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/06 03:29 |
| End of Day Share Price | 2026/07/06 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Futu Holdings Limited is covered by 30 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jiong Shao | Barclays |
| Emma Xu | BofA Global Research |
| Yung Chen | CCB International Securities Limited |