APAC Conviction List Directors Cut

Goldman Sachs has removed Futu Holdings from its APAC Conviction List following a 42.5% decline in its share price over a 23-day period.

Key Takeaways

• 1.Futu Holdings is removed from the APAC Conviction List after a 23-day inclusion period.
• 2.Futu delivered a total return of -42.5% during its time on the list, though it maintained a positive relative return of 43% to the MSCI Asia Pacific Equal Weighted Index.
• 3.The updated list contains 23 high-conviction ideas across diverse sectors including Consumer, Financials, Healthcare, and Technology.

Table of Contents

• Exhibit 1: APAC Conviction List - Directors' Cut
• Disclosure Appendix
• Reg AC
• GS Factor Profile
• M&A Rank
• Quantum
• Disclosures
• Company-specific regulatory disclosures
• Distribution of ratings/investment banking relationships
• Price target and rating history chart(s)
• Target price history table(s) Futu Holdings (FUTU)
• Regulatory disclosures
• Additional disclosures required under the laws and regulations of jurisdictions other than the United States
• Ratings, coverage universe and related definitions
• Global product; distributing entities
• General disclosures

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