$老虎证券(TIGR)$ Tiger must explai

$老虎证券(TIGR)$ Tiger must explain why the margin is low despite the high growth. This will boost market confidence.

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tiger thinker
08-30
tiger thinker
most people dont realize their 180 days /1year free trades for most of the clients should be ending or have ended. revenues should continue to trend up to finally cross 100-200mln a qtr. no way tigr stays at 500mln market cap for too long
TigerBrokers
08-30
TigerBrokers
This is an equity pledge of Hong Kong stocks. It encountered a black swan event in the second quarter, and the accounts receivable from customers were at risk. Based on the principle of prudence, the company made full provision in the second quarter. First of all, the company attaches great importance to this incident and strives for the possibility of recovery. At present, we have communicated with users who owe money and signed an installment repayment agreement, and signed a joint and several guaranteed repayment agreement with the domestic shareholders and actual controllers of the debtor. However, based on prudent considerations, we still made a full one-time provision for bad debts in the second quarter. In the future, once repayments are received, they will be included in the profit for that quarter. Second, long before this incident occurred, based on market conditions, the company had stopped its Hong Kong stock equity pledge business last year. This business can continue to be executed because it is still within the contract period. After the incident occurred, we conducted an in-depth review internally, optimized the system, and sorted out and adjusted the existing business situation. There will be no similar risk exposure in the future. Third, the equity pledge business is isolated from the brokerage business of Tiger Securities. It will not have any impact on your account and assets, nor will it affect your daily trading experience. Please rest assured.

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It encountered a black swan event in the second quarter, and the accounts receivable from customers were at risk. Based on the principle of prudence, the company made full provision in the second quarter. First of all, the company attaches great importance to this incident and strives for the possibility of recovery. At present, we have communicated with users who owe money and signed an installment repayment agreement, and signed a joint and several guaranteed repayment agreement with the domestic shareholders and actual controllers of the debtor. However, based on prudent considerations, we still made a full one-time provision for bad debts in the second quarter. In the future, once repayments are received, they will be included in the profit for that quarter. Second, long before this incident occurred, based on market conditions, the company had stopped its Hong Kong stock equity pledge business last year. 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