Can't believe that this Citi analyst downgraded Futu despite the solid 3Q results and special dividend of $2!
It was quite a good dividend indeed. In fact Futu 52wks high was abt $130. It is now only about $88 which is like 30%+ lower.
It seems unreasonable assessment indeed by Citi.
Didn't see such kind of rating previously for other counters.
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