0322 GMT - Futu Holdings stands to benefit from its "self reinforcing" ecosystem, Daiwa Capital Markets analysts say in a research report. The ecosystem centers on users and offers connectivity to different stakeholders such as enterprises, they note. The ecosystem can increase user engagement and social connectivity, thereby boosting user conversion and monetization, they add. The Chinese technology company provides fully digitized brokerage and wealth-management platforms backed by its licenses, broadening product suites, strong bank relationships and technological advantages. Daiwa initiates coverage of Futu's American depositary receipts with a buy rating and a target price of $190.00. The company's ADRs closed 0.9% lower at $159.50 on Monday. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
August 11, 2025 23:22 ET (03:22 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。