Billionaire Lei Zhang’s 10 Stock Picks with Huge Upside Potential

5. Futu Holding Limited (NASDAQ:FUTU)

Hillhouse Capital’s stake: $89,453,057

Upside Potential: 37.00%

Number of Hedge Fund Holders: 38

Futu Holdings Limited (NASDAQ:FUTU) is a Hong Kong-based fintech company that provides digital brokerage and wealth management services. Through its flagship platform, moomoo, Futu offers online trading for stocks, ETFs, and options across markets like the US, Hong Kong, and China. The company combines technology with financial services, targeting retail investors with tools for research, education, and portfolio management, and is known for its user-friendly, data-rich investing experience.

Futu Holdings Limited (NASDAQ:FUTU) reported strong Q4 and FY2024 results, exceeding guidance with 215,000 new paying clients in Q4 and over 2.4 million total, a 41% YoY increase. The company projects 800,000 new clients in 2025, citing continued growth in Japan, Malaysia, Hong Kong, and Singapore. Total revenue rose 87% YoY to HK$4.4B, driven by increased trading activity, especially in US and Hong Kong markets. Client assets hit HK$743B, up 43% YoY. Futu saw robust interest in crypto and AI-related stocks, and introduced key features like US margin trading and Options Strategy Builder. Wealth management AUM surged 93% YoY, bolstered by money market funds and structured products. Operating margin grew to 50%, and net income jumped 113% YoY to HK$1.9B. AI integration and crypto expansion remain strategic focuses for 2025.