Question · Q1 2025
Alan Chan from Citi asked for an updated view on the Hong Kong market, including growth headroom beyond the 40% market share target and the competitive threat from new entrants. He also requested a breakdown of interest income between idle cash and other sources.
Answer
Daniel Yuan, Head of Strategy & IR, expressed confidence in Hong Kong's growth potential, stating that Futu's strong brand, product innovation, and high client stickiness (98-99%) form a robust competitive barrier. CFO Arthur Yu Chen specified that income from idle cash constituted 35-40% of total interest income in Q1, driven by strong asset inflows.
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FUTU's earnings beat/miss a week before the call