Why the Futu and Tiger Brokers plunge

This is quite a interesting one today as futu and tiger brokers have plunged more than 50percent.

Why?

This is largely related to the risk of losing customers in mainland china as a result of increased pressure from the authorities reported in WSJ

Impact?

Hard to estimate but can be significant for a while. The annual reports do state this risk but the exact revenue breakdown and user breakdown is unknown but nevertheless it will be a disturbance to the companies performance

Hypothesis testing

Would be great to compare this with fumi but that is a privately held entity.

Chance to purchase ?

This might be a purchase on the dip but this will still be dependant on one's analysis of the other fundamentals

💰 Stocks to watch today?(5 July)

1. What news/movements are worth noting in the market today? Any stocks to watch? 2. What trading opportunities are there? Do you have any plans? 🎁 Make a post here, everyone stands a chance to win Tiger coins!

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Im positive
2023-05-17
Im positive
so u will sell on continue hold?
YeddaJohnson
2023-05-18
YeddaJohnson
Solid earnings growth, excellent eps, a positive current and quick ratio and much more. Stuck on the 40-50 price mark but once it breaks the 50 I see it rising to 70. A great hold for the long term
jeffry09
2023-05-18
jeffry09
I'm still bullish on Chinese tech, because I expect consumer demand to recover H2 2024, stimulus from the Chinese government will take some months to take effect. Also, many Chinese stocks are still trading at a tremendous discount considering their fundamentals.
jeffry09
2023-05-18
jeffry09
i sold at 50 before it got to 60. market is forward looking, I just look deeper and further then the market.
fishinglo
2023-05-18
fishinglo
bought at 30 sold at 50. will buy at 24

Leave a comment

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What news/movements are worth noting in the market today? Any stocks to watch? \n2. What trading opportunities are there? 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The annual reports do state this risk but the exact revenue breakdown and user breakdown is unknown but nevertheless it will be a disturbance to the companies performance&nbsp;\nHypothesis testing&nbsp;\nWould be great to compare this with fumi but that is a privately held entity.\nChance to purchase ?\nThis might be a purchase on the dip but this will still be dependant on one's analysis of the other fundamentals&nbsp;</body></html>","htmlText":"<html><head></head><body><a href=\"https://ttm.financial/S/FUTU\">$Futu Holdings Limited(FUTU)$&nbsp;</a><a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$&nbsp;</a>Fumi&nbsp;\n<img src=\"https://community-static.tradeup.com/news/14b58ed21c1dc94ad6c6df5724291827\" tg-width=\"1290\" tg-height=\"1760\">\n<img src=\"https://community-static.tradeup.com/news/5cc2f7ee061757eb071d6931b1fbb772\" tg-width=\"1290\" tg-height=\"1771\">\nThis is quite a interesting one today as futu and tiger brokers have plunged more than 50percent.\nWhy?\n This is largely related to the risk of losing customers in mainland china as a result of increased pressure from the authorities reported in WSJ\nImpact?\nHard to estimate but can be significant for a while. The annual reports do state this risk but the exact revenue breakdown and user breakdown is unknown but nevertheless it will be a disturbance to the companies performance&nbsp;\nHypothesis testing&nbsp;\nWould be great to compare this with fumi but that is a privately held entity.\nChance to purchase ?\nThis might be a purchase on the dip but this will still be dependant on one's analysis of the other fundamentals&nbsp;</body></html>","text":"$Futu Holdings Limited(FUTU)$ $Tiger Brokers(TIGR)$ Fumi This is quite a interesting one today as futu and tiger brokers have plunged more than 50percent. Why? This is largely related to the risk of losing customers in mainland china as a result of increased pressure from the authorities reported in WSJ Impact? Hard to estimate but can be significant for a while. The annual reports do state this risk but the exact revenue breakdown and user breakdown is unknown but nevertheless it will be a disturbance to the companies performance Hypothesis testing Would be great to compare this with fumi but that is a privately held entity. Chance to purchase ? 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Stuck on the 40-50 price mark but once it breaks the 50 I see it rising to 70. A great hold for the long term","text":"Solid earnings growth, excellent eps, a positive current and quick ratio and much more. Stuck on the 40-50 price mark but once it breaks the 50 I see it rising to 70. A great hold for the long term","html":"Solid earnings growth, excellent eps, a positive current and quick ratio and much more. Stuck on the 40-50 price mark but once it breaks the 50 I see it rising to 70. A great hold for the long term","likeSize":1,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":106364488,"gmtCreate":1684382979006,"gmtModify":1684385825392,"authorId":3479274802455671,"author":{"id":3479274802455671,"authorId":3479274802455671,"name":"jeffry09","avatar":"https://static.laohu8.com/picture158","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9970835768,"type":1,"supId":0,"prevId":0,"content":"I'm still bullish on Chinese tech, because I expect consumer demand to recover H2 2024, stimulus from the Chinese government will take some months to take effect. Also, many Chinese stocks are still trading at a tremendous discount considering their fundamentals.","text":"I'm still bullish on Chinese tech, because I expect consumer demand to recover H2 2024, stimulus from the Chinese government will take some months to take effect. Also, many Chinese stocks are still trading at a tremendous discount considering their fundamentals.","html":"I'm still bullish on Chinese tech, because I expect consumer demand to recover H2 2024, stimulus from the Chinese government will take some months to take effect. Also, many Chinese stocks are still trading at a tremendous discount considering their fundamentals.","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":106364502,"gmtCreate":1684383218141,"gmtModify":1684383221839,"authorId":3479274802455671,"author":{"id":3479274802455671,"authorId":3479274802455671,"name":"jeffry09","avatar":"https://static.laohu8.com/picture158","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9970835768,"type":1,"supId":0,"prevId":0,"content":"i sold at 50 before it got to 60. market is forward looking, I just look deeper and further then the market.","text":"i sold at 50 before it got to 60. market is forward looking, I just look deeper and further then the market.","html":"i sold at 50 before it got to 60. market is forward looking, I just look deeper and further then the market.","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":106364504,"gmtCreate":1684383230614,"gmtModify":1684383233852,"authorId":3479274725915373,"author":{"id":3479274725915373,"authorId":3479274725915373,"name":"fishinglo","avatar":"https://static.laohu8.com/picture56","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9970835768,"type":1,"supId":0,"prevId":0,"content":"bought at 30 sold at 50. will buy at 24","text":"bought at 30 sold at 50. will buy at 24","html":"bought at 30 sold at 50. will buy at 24","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/9970835768"}