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Moomoo Singapore’s user base exceeds 25% of market share as parent company’s FY2022 gross profit grows by 12.0% y-o-y

Felicia Tan
Felicia Tan • 2 min read
Moomoo Singapore’s user base exceeds 25% of market share as parent company’s FY2022 gross profit grows by 12.0% y-o-y
In FY2022, Futu’s total revenues grew by 7.0% y-o-y to HK$7.61 billion. Photo: Moomoo
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For the 4QFY2022 ended Dec 31, 2022, Moomoo Singapore reported a user base of over 25% of the country’s local adult population.

The digital brokerage also saw its client’s assets under management (AUM) increase by 45.4% y-o-y during the period.

Moomoo’s asset balance in Singapore also grew by 64.2% q-o-q with the number of fund investors up by 75.1% q-o-q after it launched private investment funds and its fund portfolio rebalancing services in the 4QFY2022.

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