(Spin Digit Editorial):- Hong Kong, Hong Kong S.A.R. Jul 20, 2021 (Issuewire.com) – QMIS Securities Ltd, a subsidiary of the QMIS Financial Group holds a Type 1 license issued by the Securities and Futures Commission of Hong Kong which allows them to deal in securities. It has been in operation for more than 15 years as a traditional securities firm. However, in keeping abreast with the current digital age, where everything is online at the tip of our fingertips, QMIS and its team have developed an online security trading app (web and mobile app). By a letter issued by the Securities and Futures Commission of Hong Kong dated 4 November 2020, QMIS was given the authority to provide trading services through electronic means. Thus, the birth of the QMIS Finance Online Trading App.
QMIS Finance Online Trading is an international online platform with access to worldwide stock exchanges at the subscribers’ fingertips with attractive brokerage charges and localized features to investors in ASEAN countries. QMIS Finance Online Trading App is available for everyone including new subscribers who can submit their account opening through the App.
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QMIS Finance Online Trading management team collectively have more than 30 years of experience in the technology, finance and business service sectors; thereby giving subscribers the security and confidence in using the app. An advanced monitoring system is in place to ensure all subscribers’ information and instructions are protected.
QMIS Securities Ltd being part of the QMIS Financial Group will also add to the revenue and performance in the IPO exercise that QMIS Financial Group is undertaking. Tan Sri Dr Chin, the President of QMIS Financial Group is confident that with QMIS Securities Ltd as part of the group, the IPO exercise should proceed smoothly and provide impressive financials for the company. Tan Sri Dr Chin refers to Futu Holdings which is listed on Nasdaq, “Futu Holdings (Nasdaq:Futu) saw shares bounce 25.9% in June, according to S&P Global Market Intelligence”.
Futu, like QMIS, is based in Hong Kong and is a financial technology company offering a digital brokerage and wealth management platform, just like QMIS. Futu went public in March of 2019 at about USD 15 per share and has been on a rocket ship since. It is up about 250% year to date and is trading at around USD 159.
The nearly 26% spike in the stock price in June 2021 reflects the meteoric growth of the trading platform. The total number of account holders jumped 70% year over year to 15 million in 2021. The daily average client assets were Hong Kong dollars 385 billion (USD 49 billion), up 303%, and total trading volume increased 277% to USD 283 billion. About 63% of that was in U.S. stocks.
This resulted in a 349% increase in revenue to USD 284 million and a 373% rise in gross profit to USD 226 million. Net income increased more than sixfold year over year to USD 149 million.
Futu became one of the hottest growth stocks on the market and is showing no signs of slowing down. It has the tailwind of the global trend toward digital trading, which has opened the door to new and younger investors. It has a large addressable market, given the growth of the Chinese market through the growing middle and upper classes. In March, it expanded into Singapore and is looking to grow further in Southeast Asia.
Analysts said that the market for online trading platforms is expected to grow at a CAGR of around 5.6% from 2020 to 2027 and is expected to reach the market value of around USD 26 Billion by 2027. Tan Sri Dr Chin believes that the market is still very large and QMIS with its many years of experience especially in the Asia Pacific region, will be able to ride on this wave and take a part of the market share. With the current pandemic situation, online trading is also a preferred choice with all the movement restrictions and protocols. QMIS will continually upgrade and optimize its app to ensure smooth performance and confidence to the subscribers.
Tan Sri Dr Chin is confident that the QMIS Finance Online Trading Platform came at an opportune time to take off and garner the support of many new online users who are trying online trading during this pandemic period.
QMIS Financial Group
Source :QMIS Financial Group
This article was originally published by IssueWire. Read the original article here.