HKD vs CNF vs FUTU vs QFIN

For growth investors, Futu Holdings Limited (FUTU) is the stronger pick with 35.

8% revenue growth year-over-year, versus -94. 0% for AMTD Digital Inc. (HKD). Qfin Holdings, Inc. (QFIN) offers the better valuation at 2. 1x trailing P/E (0. 5x forward), making it the more compelling value choice. Analysts rate Futu Holdings Limited (FUTU) a "Buy" — based on 12 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

On trailing P/E, Qfin Holdings, Inc.

(QFIN) is the cheapest at 2. 1x versus Futu Holdings Limited at 29. 2x. On forward P/E, Qfin Holdings, Inc. is actually cheaper at 0. 5x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Futu Holdings Limited wins at 0. 02x versus Qfin Holdings, Inc. 's 0. 02x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.

Over the past 5 years, Futu Holdings Limited (FUTU) delivered a total return of +15.

0%, compared to -90. 9% for CNFinance Holdings Limited (CNF). Over 10 years, the gap is even starker: FUTU returned +873. 5% versus CNF's -96. 0%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

By beta (market sensitivity over 5 years), CNFinance Holdings Limited (CNF) is the lower-risk stock at 0.

10β versus Futu Holdings Limited's 2. 11β — meaning FUTU is approximately 2030% more volatile than CNF relative to the S&P 500. On balance sheet safety, Qfin Holdings, Inc. (QFIN) carries a lower debt/equity ratio of 7% versus 162% for AMTD Digital Inc. — giving it more financial flexibility in a downturn.

By revenue growth (latest reported year), Futu Holdings Limited (FUTU) is pulling ahead at 35.

8% versus -94. 0% for AMTD Digital Inc. (HKD). On earnings-per-share growth, the picture is similar: Qfin Holdings, Inc. grew EPS 60. 7% year-over-year, compared to -122. 3% for CNFinance Holdings Limited. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

AMTD Digital Inc.

(HKD) is the more profitable company, earning 189. 5% net margin versus -73. 1% for CNFinance Holdings Limited — meaning it keeps 189. 5% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: HKD leads at 51. 7% versus -11. 2% for CNF. At the gross margin level — before operating expenses — CNF leads at 87. 0%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.

By this metric, Futu Holdings Limited (FUTU) is the more undervalued stock at a PEG of 0. 02x versus Qfin Holdings, Inc. 's 0. 02x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, Qfin Holdings, Inc. (QFIN) trades at 0. 5x forward P/E versus 4. 3x for CNFinance Holdings Limited — 3. 8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for QFIN: 113. 1% to $28. 15.

In this comparison, QFIN (9.

3% yield) pays a dividend. HKD, CNF, FUTU do not pay a meaningful dividend and should not be held primarily for income.

For long-horizon retirement investors, CNFinance Holdings Limited (CNF) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.

10)). Futu Holdings Limited (FUTU) carries a higher beta of 2. 11 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (CNF: -96. 0%, FUTU: +873. 5%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

These companies operate in different sectors (HKD (Technology) and CNF (Financial Services) and FUTU (Financial Services) and QFIN (Financial Services)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.

In terms of investment character: HKD is a small-cap deep-value stock; CNF is a small-cap quality compounder stock; FUTU is a mid-cap high-growth stock; QFIN is a small-cap deep-value stock. QFIN pays a dividend while HKD, CNF, FUTU do not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.