Yamato: Futu Holdings is expected to benefit from the "self-reinforcing" ecosystem, giving it a buy rating.

In a research report, analysts from Daiwa Securities claimed that Futu Holdings is expected to benefit from its "self-reinforcing" ecosystem. They pointed out that the ecosystem is user-centric and provides connections for various stakeholders. They added that the ecosystem can increase user engagement and social connectivity, thereby promoting user conversion and profitability. This Chinese tech company offers a comprehensive digital brokerage and wealth management platform with its licenses, rich product portfolio, strong banking relationships, and technological advantages. Daiwa Securities initiated coverage on Futu Holdings' American Depositary Receipts (ADRs) with a buy rating and a target price of $190.