The Singaporean Investor

📊 Futu Holdings (NASDAQ: FUTU) has come a long way in the last 5 years — and the numbers tell an incredible story! 💹

🔥 Total revenue & net income soared with CAGR of over 32%
📈 ROE climbed to a 5-year high of 19.4%
💰 Net profit margins held strong in the 30–40% range
📉 Zero borrowings — a clean, debt-free balance sheet
⚠️ But... free cash flow per share saw major swings, even turning negative in FY2023
🚫 And still, no dividend payout for shareholders

Is this FinTech powerhouse a long-term play for growth-focused investors? Let’s break down the performance, strengths, and negatives. 👀

📌 Swipe through the full post for insights!

[Thank You…]

… to the organisers at InvestingNote and AlphaInvest for the really awesome annual event. Most importantly, I’m deeply appreciative to Shanison for believing in me and giving me a chance to share my humble 2-cents worth on stage for the 3rd year running.

… to each and every one who attended my presentation, and your really kind feedback on it (am so happy to hear that you benefitted from it!) At the same time, I’m so happy to have finally meet up with some of you in-person and thank you for all the support you have given me all these years.

At the same time, I’m deeply sorry that you weren’t able to download the entire presentation slides - it was likely due to heavy access at the same time and the huge server load took my site offline. It is now back up and for those who still have the link, you can try downloading again.

On when my next speaking event will be, I’ll keep you posted as an when there’s one. 😊

PS: I’ll be taking a short break next week and will only be back on Friday, 30 May.

📊 Is Costco Wholesale Corporation (NASDAQ: COST) still a retail powerhouse beneath its bulk deals and membership perks? 🛒

Over the last 5 years, the numbers tell a mixed story:

✅ Steady growth in revenue & net income 📈
✅ Solid ROE in the 20%+ range 💪
✅ Strong net cash position = low debt risk 💼
⚠️ But... net profit margin hovers just above 2% 🤔
⚠️ Free cash flow per share? A bit of a rollercoaster 🎢
⚠️ No dividend payouts = not for income investors 🚫💸
[Update on 30 May: The management of Costco pays out a dividend on a quarterly basis, and over the last 5 years, its as follows: FY2020: US$2.70, FY2021: US$12.98 (inclusive of a US$10 special dividend), FY2022: US$3.38, FY2023: US$3.84, FY2024: US$19.36 (inclusive of a US$15 special dividend)]

Swipe through to see if this wholesale giant still stacks up as a long-term winner! 🔍💡