On June 10, Futu Holdings rose 5.14% in pre-market trading, trading at $95.99/share, with trading volume of $2.985 million. The rebound follows a period of severe selling pressure after the stock lost roughly 40% on the initial regulatory shock in late May.
On the news front, all three major cross-border brokers — including Futu — have now formally implemented compliance measures under the eight-ministry joint enforcement action, with service adjustments for mainland China clients taking effect June 12. Futu will suspend all buy-side transactions and fund inflows for onshore accounts while maintaining sell-side and withdrawal functions. Analysts note that with the regulatory hammer having landed and specific remediation timelines now established, the outlook is trending toward clarity. Morgan Stanley maintained its Overweight rating on Futu with a $177 target price, implying significant upside. Meanwhile, Futu Chairman Li Hua reaffirmed the company's full-year target of 800,000 new paying clients, stating the 18.5 billion HKD fine will not materially affect customer acquisition guidance.
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