5 Most Undervalued Hong Kong Stocks To Buy According To Hedge Funds

4. Futu Holdings Limited (NASDAQ:FUTU)

Number of Hedge Fund Holders: 16

Hong Kong-based Futu Holdings Limited (NASDAQ:FUTU) provides digitalized securities brokerage and wealth management services. Futu Holdings Limited (NASDAQ:FUTU) is known for its Futubull and Moomoo digital platforms.

Recently, Futu Holdings Limited (NASDAQ:FUTU) posted its first quarter results. GAAP EPADS in the period came in at $1.08, beating estimates by $0.22. Revenue in the quarter jumped about 52.3% year over year to $318.5 million, beating estimates by $50.73 million.

A total of 16 hedge funds tracked by Insider Monkey had stakes in Futu Holdings Limited (NASDAQ:FUTU) as of the end of the first quarter of 2023. The total worth of these stakes was $242 million. The biggest stakeholder of Futu Holdings Limited (NASDAQ:FUTU) was D1 Capital Partners which had a $94 million stake in the company.