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?(22 Nov)

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!

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Comments

Im positive
2023-05-17
Im positive
so u will sell on continue hold?
pixiezz
2023-05-18
pixiezz
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
frosti
2023-05-18
frosti
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.
frosti
2023-05-18
frosti
i sold at 50 before it got to 60. market is forward looking, I just look deeper and further then the market.
wigglyz
2023-05-18
wigglyz
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 ? This might be a purchase on the dip but this will still be dependant on one's analysis of the other fundamentals","highlighted":1,"essential":1,"paper":2,"likeSize":9,"commentSize":5,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/9970835768","repostId":0,"isVote":1,"tweetType":1,"viewCount":3653,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["TIGR","FUTU"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":638,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":106363676,"commentId":"106363676","gmtCreate":1684334253748,"gmtModify":1684334260234,"authorId":3576069427609636,"author":{"id":3576069427609636,"idStr":"3576069427609636","authorId":3576069427609636,"name":"Im positive","avatar":"https://community-static.tradeup.com/news/9765cde3dc2ed21159abcab166f7ebf1","vip":1,"currentWearingBadge":{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.03.09","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9970835768,"objectIdStr":"9970835768","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"so u will sell on continue hold?","text":"so u will sell on continue hold?","html":"so u will sell on continue hold?","likeSize":1,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"hot","coins":0,"score":0},{"id":106364505,"commentId":"106364505","gmtCreate":1684383241185,"gmtModify":1684383244818,"authorId":9000000000000341,"author":{"id":9000000000000341,"idStr":"9000000000000341","authorId":9000000000000341,"name":"pixiezz","avatar":"https://static.tigerbbs.com/a5d8c2eb1c079c85b43879eb951e8684","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9970835768,"objectIdStr":"9970835768","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"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","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,"commentId":"106364488","gmtCreate":1684382979006,"gmtModify":1684385825392,"authorId":3479274802455671,"author":{"id":3479274802455671,"idStr":"3479274802455671","authorId":3479274802455671,"name":"frosti","avatar":"https://static.tigerbbs.com/8d59e7c960eef6f97257cc799768d81e","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9970835768,"objectIdStr":"9970835768","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"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,"commentId":"106364502","gmtCreate":1684383218141,"gmtModify":1684383221839,"authorId":3479274802455671,"author":{"id":3479274802455671,"idStr":"3479274802455671","authorId":3479274802455671,"name":"frosti","avatar":"https://static.tigerbbs.com/8d59e7c960eef6f97257cc799768d81e","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9970835768,"objectIdStr":"9970835768","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"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,"commentId":"106364504","gmtCreate":1684383230614,"gmtModify":1684383233852,"authorId":3479274725915373,"author":{"id":3479274725915373,"idStr":"3479274725915373","authorId":3479274725915373,"name":"wigglyz","avatar":"https://static.tigerbbs.com/11f0390f4344fa15e794478b64ee460f","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9970835768,"objectIdStr":"9970835768","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"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"}