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Stealth K

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2023-11-27

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2023-03-10

$Tiger Brokers(TIGR)$ https://www.nasdaq.com/market-activity/stocks/tigr/analyst-research TIGR Analyst Research TIGR Analyst Ratings CONSENSUS Strong Buy Based on 2 analysts offering recommendations for 'TIGR' in the last 3 months. Analyst Firms Making Recommendations CHINA RENAISSAN DAIWA AMERICA Analyst $4.2 Based on analysts offering 12 month price targets for TIGR in the last 3 months. The average price target is $4.2 with a high estimate of $4.2 and a low estimate of $4.2. Sign in to your SmartPortfolio to see more analyst recommendations. JUL'22 OCT'22 JAN'23 APR'23 JUL'23 OC…33.544.555.5 BUY: 1 DATE: 08/01/2022 CONSENSUS: BUY HIGH $4.2AVG. $4.2LOW $4.2 BACK TO TIGR OVERVIEW https://www.nasdaq.com/market-acti

2023-03-08

Tiger Expect excellent year 2022,

$Tiger Brokers(TIGR)$ Based on past Q1 to Q3 announcement , the final Q4 , Tigr is probably Expect positive return. Tiger being a brokerage firm, there is minimal risk. 1. Clients' fund upfront before investing, MINIMUM risk. 2. Commission basis, as such consistent income 3. Required licence, barriers of entry Expect Good result Expect FY22 announcing to date best profit

Tiger Expect excellent year 2022,

2023-01-19

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Citi: UP Fintech Solid 3Q22 Underpinned By Higher Interest Income, Guidance Unchanged, HK Business to Officially Launch in Dec’22

2022-02-18

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2022-02-05

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@Stealth K:$Tiger Brokers(TIGR)$https://www.bloomberg.com/press-releases/2021-11-11/tiger-brokers-singapore-receive-approvals-from-sgx1. CF Positive strength 2. Attractive PE 3. Regulated Mkt panic, Increase holding

2022-01-28

$Tiger Brokers(TIGR)$https://www.bloomberg.com/press-releases/2021-11-11/tiger-brokers-singapore-receive-approvals-from-sgx1. CF Positive strength 2. Attractive PE 3. Regulated Mkt panic, Increase holding

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K","avatar":"https://community-static.tradeup.com/news/c936068bf46b451acb891889f1b81d23","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4104574524141340","authorIdStr":"4104574524141340"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/246027318665432","repostId":"1114447597","repostType":2,"isVote":1,"tweetType":1,"viewCount":202,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949324181,"gmtCreate":1678379643744,"gmtModify":1678379723469,"author":{"id":"4104574524141340","authorId":"4104574524141340","name":"Stealth K","avatar":"https://community-static.tradeup.com/news/c936068bf46b451acb891889f1b81d23","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4104574524141340","authorIdStr":"4104574524141340"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$&nbsp;</a><v-v data-views=\"1\"></v-v> https://www.nasdaq.com/market-activity/stocks/tigr/analyst-research TIGR Analyst Research TIGR Analyst Ratings CONSENSUS Strong Buy Based on 2 analysts offering recommendations for 'TIGR' in the last 3 months. Analyst Firms Making Recommendations CHINA RENAISSAN DAIWA AMERICA Analyst $4.2 Based on analysts offering 12 month price targets for TIGR in the last 3 months. The average price target is $4.2 with a high estimate of $4.2 and a low estimate of $4.2. Sign in to your SmartPortfolio to see more analyst recommendations. JUL'22 OCT'22 JAN'23 APR'23 JUL'23 OC…33.544.555.5 BUY: 1 DATE: 08/01/2022 CONSENSUS: BUY HIGH $4.2AVG. $4.2LOW $4.2 BACK TO TIGR OVERVIEW https://www.nasdaq.com/market-acti","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$&nbsp;</a><v-v data-views=\"1\"></v-v> https://www.nasdaq.com/market-activity/stocks/tigr/analyst-research TIGR Analyst Research TIGR Analyst Ratings CONSENSUS Strong Buy Based on 2 analysts offering recommendations for 'TIGR' in the last 3 months. Analyst Firms Making Recommendations CHINA RENAISSAN DAIWA AMERICA Analyst $4.2 Based on analysts offering 12 month price targets for TIGR in the last 3 months. The average price target is $4.2 with a high estimate of $4.2 and a low estimate of $4.2. Sign in to your SmartPortfolio to see more analyst recommendations. JUL'22 OCT'22 JAN'23 APR'23 JUL'23 OC…33.544.555.5 BUY: 1 DATE: 08/01/2022 CONSENSUS: BUY HIGH $4.2AVG. $4.2LOW $4.2 BACK TO TIGR OVERVIEW https://www.nasdaq.com/market-acti","text":"$Tiger Brokers(TIGR)$ https://www.nasdaq.com/market-activity/stocks/tigr/analyst-research TIGR Analyst Research TIGR Analyst Ratings CONSENSUS Strong Buy Based on 2 analysts offering recommendations for 'TIGR' in the last 3 months. Analyst Firms Making Recommendations CHINA RENAISSAN DAIWA AMERICA Analyst $4.2 Based on analysts offering 12 month price targets for TIGR in the last 3 months. The average price target is $4.2 with a high estimate of $4.2 and a low estimate of $4.2. Sign in to your SmartPortfolio to see more analyst recommendations. JUL'22 OCT'22 JAN'23 APR'23 JUL'23 OC…33.544.555.5 BUY: 1 DATE: 08/01/2022 CONSENSUS: BUY HIGH $4.2AVG. $4.2LOW $4.2 BACK TO TIGR OVERVIEW https://www.nasdaq.com/market-acti","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":22,"commentSize":19,"repostSize":0,"link":"https://ttm.financial/post/9949324181","isVote":1,"tweetType":1,"viewCount":628,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9940772964,"gmtCreate":1678211955458,"gmtModify":1678211959979,"author":{"id":"4104574524141340","authorId":"4104574524141340","name":"Stealth K","avatar":"https://community-static.tradeup.com/news/c936068bf46b451acb891889f1b81d23","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4104574524141340","authorIdStr":"4104574524141340"},"themes":[],"title":"Tiger Expect excellent year 2022, ","htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$&nbsp;</a><v-v data-views=\"1\"></v-v> Based on past Q1 to Q3 announcement , the final Q4 , Tigr is probably Expect positive return.&nbsp; Tiger being a brokerage firm, there is&nbsp; minimal risk. 1.&nbsp; Clients' fund upfront before investing,&nbsp;&nbsp; MINIMUM risk. 2. Commission basis, as such consistent income 3. Required licence, barriers of entry Expect Good result&nbsp; Expect FY22 announcing to date best&nbsp;profit&nbsp;","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$&nbsp;</a><v-v data-views=\"1\"></v-v> Based on past Q1 to Q3 announcement , the final Q4 , Tigr is probably Expect positive return.&nbsp; Tiger being a brokerage firm, there is&nbsp; minimal risk. 1.&nbsp; Clients' fund upfront before investing,&nbsp;&nbsp; MINIMUM risk. 2. Commission basis, as such consistent income 3. Required licence, barriers of entry Expect Good result&nbsp; Expect FY22 announcing to date best&nbsp;profit&nbsp;","text":"$Tiger Brokers(TIGR)$ Based on past Q1 to Q3 announcement , the final Q4 , Tigr is probably Expect positive return. Tiger being a brokerage firm, there is minimal risk. 1. Clients' fund upfront before investing, MINIMUM risk. 2. Commission basis, as such consistent income 3. Required licence, barriers of entry Expect Good result Expect FY22 announcing to date best profit","images":[],"top":1,"highlighted":2,"essential":1,"paper":2,"likeSize":16,"commentSize":17,"repostSize":2,"link":"https://ttm.financial/post/9940772964","isVote":1,"tweetType":1,"viewCount":1289,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3580625969745490","authorId":"3580625969745490","name":"boonchong","avatar":"https://static.tigerbbs.com/49aa77ad0af13cd80f20edbad1234522","crmLevel":2,"crmLevelSwitch":1,"idStr":"3580625969745490","authorIdStr":"3580625969745490"},"content":"so y r the share price not reflecting the true value... kindly pls share your good analysis?????","text":"so y r the share price not reflecting the true value... kindly pls share your good analysis?????","html":"so y r the share price not reflecting the true value... kindly pls share your good analysis?????"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9956464289,"gmtCreate":1674142060641,"gmtModify":1676538926407,"author":{"id":"4104574524141340","authorId":"4104574524141340","name":"Stealth K","avatar":"https://community-static.tradeup.com/news/c936068bf46b451acb891889f1b81d23","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4104574524141340","authorIdStr":"4104574524141340"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9956464289","repostId":"1106603318","repostType":2,"repost":{"id":"1106603318","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1669357203,"share":"https://ttm.financial/m/news/1106603318?lang=&edition=fundamental","pubTime":"2022-11-25 14:20","market":"us","language":"en","title":"Citi: UP Fintech Solid 3Q22 Underpinned By Higher Interest Income, Guidance Unchanged, HK Business to Officially Launch in Dec’22","url":"https://stock-news.laohu8.com/highlight/detail?id=1106603318","media":"Tiger Newspress","summary":"CITI'S TAKEUp Fintech (Tiger Broker) reported 3Q22 non-GAAP net profit of USD6.63mn(+91.3% q-q / 26.","content":"<p><b>CITI'S TAKE</b></p><p>Up Fintech (Tiger Broker) reported 3Q22 non-GAAP net profit of USD6.63mn(+91.3% q-q / 26.2% y-y), above our expectation, primarily due to a larger&nbsp;\u0002than-expected net interest income benefit from global rate hikes. Operating&nbsp;profit (excl. share-based compensation) rebounded strongly to USD7.1mn(+190% q-q /+46% y-y) supported by lower S&amp;M and G&amp;A expense. Mgmt.&nbsp;reiterated its confidence in meeting new paying customer guidance of 100k&nbsp;for 2022 of which 80.7k (or c.81% of full-year target) has been achieved in9M22. We update our DCF-derived TP to US$7.67 (from US$7.55) on our&nbsp;increased 2022 earnings estimate to US$6.5mn (from US$0.4mn) and raise&nbsp;our 2023-2E earnings estimates by 10-19% to factor in the rate hike benefit.</p><p><b>Key Positives</b></p><p>Net interest income grew 82.1% q-q/ 42.2% y-y to US$22.6mn,&nbsp;mainly supported by higher interest rates charged by the margin finance business in&nbsp;line with the US rate hikes, which more than offsets the lower MFSL balance (-3.6%q-q amid turbulent equity markets) and higher interest expense (+22% q-q givenTIGR still needs time to gradually replace high-cost funding from IBKR);&nbsp;Execution&nbsp;and clearing expenses fell 16% q-q/-66% y-y to US$3.22mn (acct. for 13.1% of&nbsp;gross commission income, down -0.5ppt q-q/ -15.2 ppt y-y), mainly thanks to ramp\u0002up in US self-clearing, with c.100% of US cash equities &amp; options self-cleared (vs.80% in 2Q), lowering the cost of US cash equities &amp; option clearing to c.3% of&nbsp;commission income (vs. 5% in 2Q22).&nbsp;Cost-to-income ratio fell -12.1ppt q-q/ -3.3ppty-y to 92%, primarily due to lower general and administration expense as % of gross&nbsp;profit (-2.1ppt q-q/-3.3ppt to 7.3%, on tight cost control) and lower sales and&nbsp;marketing expense as % of gross profit (-2.7ppt q-q/ -8.2ppt y-y to 15.4%, due to&nbsp;prudent client acquisition strategy amid equity market weakness). Though CAC per&nbsp;new paying customer increased 9% q-q to US$326, the increase was mainly driven&nbsp;by higher brand marketing expense in SG &amp; AUS, stripping out which, CAC was&nbsp;sequentially lower vs. 2Q (e.g. the adjusted CAC in SG was US$175 down -12.5%q-q vs. US$200 in 2Q22). Continued below.</p><p><b>Key 3Q22 Negatives</b></p><p>Gross commission income was down -13.2% q-q/ -26.9%y-y, due to both lower total trading volume (-9% q-q to US$78bn, driven by lower&nbsp;stock trading volume of US$23bn, down -23.5% q-q vs. options &amp; futures trading&nbsp;was flattish q-q at US$54bn) and lower commission rate of 3.4bp (-0.2bp q-q);&nbsp;No.&nbsp;of new paying customers&nbsp;fell -18.6% q-q / -72.6% y-y to 22.7k (a low since 1Q20),&nbsp;of which c.20%/60%/20% were from China/ SG/ US, AUS and NZ markets by&nbsp;geographical breakdown (broadly the same mix vs. 2Q22). In view of total new&nbsp;paying customers has already 80.7k in 9M22, mgmt. iterated confidence to meet the2022 target of 100k, implying new paying customers in 4Q22 could be c.20k (-12%q-q). Quarterly paying client retention rate remained high at 98% flattish q-q. Total&nbsp;paying customers reached 754.1mn (up +23.2% y-y), of which c.50%/40%/10% are&nbsp;from SG/China/ US, AUS and NZ markets (broadly unchanged vs. 2Q22);&nbsp;Client&nbsp;asset balance&nbsp;fell by -12.8% or -US$1.9bn q-q to US$13bn (a wider decline vs -2%/-US$300mn q-q in 2Q22) primarily dragged by mark-to-market loss in institutional&nbsp;clients asset balance (c.35% of the AUM in 3Q, with concentrated position in&nbsp;Chinese ADR/ HK shares and limited trading activities), while retail client (c.65% of&nbsp;the AUM) suffered milder asset balance decline, buffered by still-resilient net asset&nbsp;inflow of &gt;US$700mn (albeit lower vs. US$1.5bn in 2Q).&nbsp;Other revenue fell -57% q\u0002q / -45% y-y, mainly dragged down by lower IBD fee rates on the 11 IPOsparticipated in 3Q22, while institutional customer acquisition remained healthy with&nbsp;total ESOP clients reaching 393 (+29 new ESOP clients in 3Q vs. +26 in 2Q).</p><p><b>Updates on key markets</b>—Singapore: The quality of new paying customers&nbsp;continued to improve in 3Q22, with initial deposit growing to reach &gt;US$11k in3Q22 (vs. US$9k/ US$7.5k in 2Q/1Q22) and still-resilient deposit inflow across&nbsp;cohorts of existing SG customers every quarter.Hong Kong: TIGR has completed&nbsp;market infrastructure building and will officially launch retail customer acquisition in&nbsp;Dec 2022. In view of still-turbulent market condition, mgmt. guided to maintain&nbsp;prudent customer acquisition strategy in 4Q22, with slower pace of HK customer&nbsp;acquisition at the start. For 2023, mgmt. targets to reach 100% self-clearing for HK&nbsp;shares trading by end-2023, which we estimate could bring c.US$5mn quarterly&nbsp;cost savings from lower interest expense and clearing cost in 2H23.</p><p>Fed rate hike benefit: TIGR may enjoy an additional US$1mn interest income for&nbsp;every 50bp Fed rate hike by our estimate, benefiting from the interest income from&nbsp;clients’ idle funding.</p><p>4Q22 outlook: New paying client numbers&nbsp;may continue to fall q-q given prudent&nbsp;customer acquisition strategy amid market volatility;&nbsp;Client assets&nbsp;may fall by low\u0002single digits q-q in 4Q22 with possible mark-to-market depreciation buffered by&nbsp;positive net asset inflow;&nbsp;Blended commission rate in 4Q22 should remain broadly&nbsp;stable vs. 3Q given stable cash equity commission rate.</p><p>Earnings revision and new target price of US$7.67 — Given 3Q22 results came&nbsp;in better than our expectation, we revise up non-GAAP earnings forecast for FY22&nbsp;earnings to US$6.5mn (from US$0.4mn previously) and raise our FY23/24/25&nbsp;earnings estimates by 10-19% to US$30.1mn/ US$38.4mn/ US$60.5mn by&nbsp;factoring in interest income benefit from the Fed rate hike. Accordingly, we fine-tune&nbsp;our DCF-derived TP to US$7.67 (from US$7.55). Reiterate our Buy/1H rating on the&nbsp;vast potential we see in the international brokerage market in the long-term and&nbsp;lower regulatory risk.</p><p><b>UP Fintech</b></p><p><b>Company description</b></p><p>Up Fintech, commonly known as Tiger Brokers, started business with the&nbsp;launch of US stock brokerage and margin financing services, which targeted&nbsp;onshore Chinese investors in August 2015, and has grown to become the&nbsp;largest online broker focusing on the Chinese. By US securities trading&nbsp;volume, it had a 33.7% market share in 2018. The company offers brokerage&nbsp;services in various markets, including the US, HK, China A-share and the UK,&nbsp;and various innovative services such as investor community, US IPO&nbsp;subscription for retail investors and one-stop incubation services for&nbsp;institutional clients.</p><p><b>Investment strategy</b></p><p>We rate Tiger Brokers as Buy / High Risk (1H). It has clear market leadership&nbsp;and a solid foundation in the US securities brokerage business for Chinese&nbsp;investors, thanks to its comprehensive product offerings and strong technology&nbsp;knowhow. Tiger’s comprehensive license portfolio lays a solid foundation for&nbsp;its global expansion plan, which could open up a new driver for growth,&nbsp;offsetting the slowing growth from China onshore investors amid tightening&nbsp;capital control. Meanwhile, global expansion remains at an early stage and&nbsp;near-term earnings risk persists given high market volatility</p><p><b>Valuation</b></p><p>We value Tiger shares at US$7.67 based on a discounted cash flow (DCF)valuation in light of the company's near-term earning volatility and our view of&nbsp;its still-significant long-term potential in international brokerage market. Our&nbsp;DCF assumptions include: [1] Free cash flow (FCF) forecast of 14% CAGRover 2021-30E; [2] WACC of 11.1%, based on a risk-free rate of 2%, an equity&nbsp;risk premium of 7.4%, and beta of 1.3x; and [3] Terminal growth rate of 5%.&nbsp;Our target price is equivalent to 40x 23E P/E.</p><p><b>Risks</b></p><p>We rate Tiger shares High Risk based on our quant model, which is driven by&nbsp;share-price volatility. Key downside risks that could prevent the stock from&nbsp;reaching our target price include: 1) lower-than-expected brokerage&nbsp;commission rates amid intensifying competition; 2) worse-than-expected&nbsp;execution in overseas expansion; 3) slower-than-expected customer asset&nbsp;growth if Chinese regulators further tighten capital controls; 4) change or&nbsp;termination of partnership with Interactive Brokers would negatively impact&nbsp;Tiger’s business operation and profitability; and 5) worse-than\\-expected&nbsp;market performance would hurt the company’s brokerage commission income,&nbsp;interest income growth, and potentially result in client loss.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Citi: UP Fintech Solid 3Q22 Underpinned By Higher Interest Income, Guidance Unchanged, HK Business to Officially Launch in Dec’22</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCiti: UP Fintech Solid 3Q22 Underpinned By Higher Interest Income, Guidance Unchanged, HK Business to Officially Launch in Dec’22\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-11-25 14:20</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p><b>CITI'S TAKE</b></p><p>Up Fintech (Tiger Broker) reported 3Q22 non-GAAP net profit of USD6.63mn(+91.3% q-q / 26.2% y-y), above our expectation, primarily due to a larger&nbsp;\u0002than-expected net interest income benefit from global rate hikes. Operating&nbsp;profit (excl. share-based compensation) rebounded strongly to USD7.1mn(+190% q-q /+46% y-y) supported by lower S&amp;M and G&amp;A expense. Mgmt.&nbsp;reiterated its confidence in meeting new paying customer guidance of 100k&nbsp;for 2022 of which 80.7k (or c.81% of full-year target) has been achieved in9M22. We update our DCF-derived TP to US$7.67 (from US$7.55) on our&nbsp;increased 2022 earnings estimate to US$6.5mn (from US$0.4mn) and raise&nbsp;our 2023-2E earnings estimates by 10-19% to factor in the rate hike benefit.</p><p><b>Key Positives</b></p><p>Net interest income grew 82.1% q-q/ 42.2% y-y to US$22.6mn,&nbsp;mainly supported by higher interest rates charged by the margin finance business in&nbsp;line with the US rate hikes, which more than offsets the lower MFSL balance (-3.6%q-q amid turbulent equity markets) and higher interest expense (+22% q-q givenTIGR still needs time to gradually replace high-cost funding from IBKR);&nbsp;Execution&nbsp;and clearing expenses fell 16% q-q/-66% y-y to US$3.22mn (acct. for 13.1% of&nbsp;gross commission income, down -0.5ppt q-q/ -15.2 ppt y-y), mainly thanks to ramp\u0002up in US self-clearing, with c.100% of US cash equities &amp; options self-cleared (vs.80% in 2Q), lowering the cost of US cash equities &amp; option clearing to c.3% of&nbsp;commission income (vs. 5% in 2Q22).&nbsp;Cost-to-income ratio fell -12.1ppt q-q/ -3.3ppty-y to 92%, primarily due to lower general and administration expense as % of gross&nbsp;profit (-2.1ppt q-q/-3.3ppt to 7.3%, on tight cost control) and lower sales and&nbsp;marketing expense as % of gross profit (-2.7ppt q-q/ -8.2ppt y-y to 15.4%, due to&nbsp;prudent client acquisition strategy amid equity market weakness). Though CAC per&nbsp;new paying customer increased 9% q-q to US$326, the increase was mainly driven&nbsp;by higher brand marketing expense in SG &amp; AUS, stripping out which, CAC was&nbsp;sequentially lower vs. 2Q (e.g. the adjusted CAC in SG was US$175 down -12.5%q-q vs. US$200 in 2Q22). Continued below.</p><p><b>Key 3Q22 Negatives</b></p><p>Gross commission income was down -13.2% q-q/ -26.9%y-y, due to both lower total trading volume (-9% q-q to US$78bn, driven by lower&nbsp;stock trading volume of US$23bn, down -23.5% q-q vs. options &amp; futures trading&nbsp;was flattish q-q at US$54bn) and lower commission rate of 3.4bp (-0.2bp q-q);&nbsp;No.&nbsp;of new paying customers&nbsp;fell -18.6% q-q / -72.6% y-y to 22.7k (a low since 1Q20),&nbsp;of which c.20%/60%/20% were from China/ SG/ US, AUS and NZ markets by&nbsp;geographical breakdown (broadly the same mix vs. 2Q22). In view of total new&nbsp;paying customers has already 80.7k in 9M22, mgmt. iterated confidence to meet the2022 target of 100k, implying new paying customers in 4Q22 could be c.20k (-12%q-q). Quarterly paying client retention rate remained high at 98% flattish q-q. Total&nbsp;paying customers reached 754.1mn (up +23.2% y-y), of which c.50%/40%/10% are&nbsp;from SG/China/ US, AUS and NZ markets (broadly unchanged vs. 2Q22);&nbsp;Client&nbsp;asset balance&nbsp;fell by -12.8% or -US$1.9bn q-q to US$13bn (a wider decline vs -2%/-US$300mn q-q in 2Q22) primarily dragged by mark-to-market loss in institutional&nbsp;clients asset balance (c.35% of the AUM in 3Q, with concentrated position in&nbsp;Chinese ADR/ HK shares and limited trading activities), while retail client (c.65% of&nbsp;the AUM) suffered milder asset balance decline, buffered by still-resilient net asset&nbsp;inflow of &gt;US$700mn (albeit lower vs. US$1.5bn in 2Q).&nbsp;Other revenue fell -57% q\u0002q / -45% y-y, mainly dragged down by lower IBD fee rates on the 11 IPOsparticipated in 3Q22, while institutional customer acquisition remained healthy with&nbsp;total ESOP clients reaching 393 (+29 new ESOP clients in 3Q vs. +26 in 2Q).</p><p><b>Updates on key markets</b>—Singapore: The quality of new paying customers&nbsp;continued to improve in 3Q22, with initial deposit growing to reach &gt;US$11k in3Q22 (vs. US$9k/ US$7.5k in 2Q/1Q22) and still-resilient deposit inflow across&nbsp;cohorts of existing SG customers every quarter.Hong Kong: TIGR has completed&nbsp;market infrastructure building and will officially launch retail customer acquisition in&nbsp;Dec 2022. In view of still-turbulent market condition, mgmt. guided to maintain&nbsp;prudent customer acquisition strategy in 4Q22, with slower pace of HK customer&nbsp;acquisition at the start. For 2023, mgmt. targets to reach 100% self-clearing for HK&nbsp;shares trading by end-2023, which we estimate could bring c.US$5mn quarterly&nbsp;cost savings from lower interest expense and clearing cost in 2H23.</p><p>Fed rate hike benefit: TIGR may enjoy an additional US$1mn interest income for&nbsp;every 50bp Fed rate hike by our estimate, benefiting from the interest income from&nbsp;clients’ idle funding.</p><p>4Q22 outlook: New paying client numbers&nbsp;may continue to fall q-q given prudent&nbsp;customer acquisition strategy amid market volatility;&nbsp;Client assets&nbsp;may fall by low\u0002single digits q-q in 4Q22 with possible mark-to-market depreciation buffered by&nbsp;positive net asset inflow;&nbsp;Blended commission rate in 4Q22 should remain broadly&nbsp;stable vs. 3Q given stable cash equity commission rate.</p><p>Earnings revision and new target price of US$7.67 — Given 3Q22 results came&nbsp;in better than our expectation, we revise up non-GAAP earnings forecast for FY22&nbsp;earnings to US$6.5mn (from US$0.4mn previously) and raise our FY23/24/25&nbsp;earnings estimates by 10-19% to US$30.1mn/ US$38.4mn/ US$60.5mn by&nbsp;factoring in interest income benefit from the Fed rate hike. Accordingly, we fine-tune&nbsp;our DCF-derived TP to US$7.67 (from US$7.55). Reiterate our Buy/1H rating on the&nbsp;vast potential we see in the international brokerage market in the long-term and&nbsp;lower regulatory risk.</p><p><b>UP Fintech</b></p><p><b>Company description</b></p><p>Up Fintech, commonly known as Tiger Brokers, started business with the&nbsp;launch of US stock brokerage and margin financing services, which targeted&nbsp;onshore Chinese investors in August 2015, and has grown to become the&nbsp;largest online broker focusing on the Chinese. By US securities trading&nbsp;volume, it had a 33.7% market share in 2018. The company offers brokerage&nbsp;services in various markets, including the US, HK, China A-share and the UK,&nbsp;and various innovative services such as investor community, US IPO&nbsp;subscription for retail investors and one-stop incubation services for&nbsp;institutional clients.</p><p><b>Investment strategy</b></p><p>We rate Tiger Brokers as Buy / High Risk (1H). It has clear market leadership&nbsp;and a solid foundation in the US securities brokerage business for Chinese&nbsp;investors, thanks to its comprehensive product offerings and strong technology&nbsp;knowhow. Tiger’s comprehensive license portfolio lays a solid foundation for&nbsp;its global expansion plan, which could open up a new driver for growth,&nbsp;offsetting the slowing growth from China onshore investors amid tightening&nbsp;capital control. Meanwhile, global expansion remains at an early stage and&nbsp;near-term earnings risk persists given high market volatility</p><p><b>Valuation</b></p><p>We value Tiger shares at US$7.67 based on a discounted cash flow (DCF)valuation in light of the company's near-term earning volatility and our view of&nbsp;its still-significant long-term potential in international brokerage market. Our&nbsp;DCF assumptions include: [1] Free cash flow (FCF) forecast of 14% CAGRover 2021-30E; [2] WACC of 11.1%, based on a risk-free rate of 2%, an equity&nbsp;risk premium of 7.4%, and beta of 1.3x; and [3] Terminal growth rate of 5%.&nbsp;Our target price is equivalent to 40x 23E P/E.</p><p><b>Risks</b></p><p>We rate Tiger shares High Risk based on our quant model, which is driven by&nbsp;share-price volatility. Key downside risks that could prevent the stock from&nbsp;reaching our target price include: 1) lower-than-expected brokerage&nbsp;commission rates amid intensifying competition; 2) worse-than-expected&nbsp;execution in overseas expansion; 3) slower-than-expected customer asset&nbsp;growth if Chinese regulators further tighten capital controls; 4) change or&nbsp;termination of partnership with Interactive Brokers would negatively impact&nbsp;Tiger’s business operation and profitability; and 5) worse-than\\-expected&nbsp;market performance would hurt the company’s brokerage commission income,&nbsp;interest income growth, and potentially result in client loss.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106603318","content_text":"CITI'S TAKEUp Fintech (Tiger Broker) reported 3Q22 non-GAAP net profit of USD6.63mn(+91.3% q-q / 26.2% y-y), above our expectation, primarily due to a larger than-expected net interest income benefit from global rate hikes. Operating profit (excl. share-based compensation) rebounded strongly to USD7.1mn(+190% q-q /+46% y-y) supported by lower S&M and G&A expense. Mgmt. reiterated its confidence in meeting new paying customer guidance of 100k for 2022 of which 80.7k (or c.81% of full-year target) has been achieved in9M22. We update our DCF-derived TP to US$7.67 (from US$7.55) on our increased 2022 earnings estimate to US$6.5mn (from US$0.4mn) and raise our 2023-2E earnings estimates by 10-19% to factor in the rate hike benefit.Key PositivesNet interest income grew 82.1% q-q/ 42.2% y-y to US$22.6mn, mainly supported by higher interest rates charged by the margin finance business in line with the US rate hikes, which more than offsets the lower MFSL balance (-3.6%q-q amid turbulent equity markets) and higher interest expense (+22% q-q givenTIGR still needs time to gradually replace high-cost funding from IBKR); Execution and clearing expenses fell 16% q-q/-66% y-y to US$3.22mn (acct. for 13.1% of gross commission income, down -0.5ppt q-q/ -15.2 ppt y-y), mainly thanks to rampup in US self-clearing, with c.100% of US cash equities & options self-cleared (vs.80% in 2Q), lowering the cost of US cash equities & option clearing to c.3% of commission income (vs. 5% in 2Q22). Cost-to-income ratio fell -12.1ppt q-q/ -3.3ppty-y to 92%, primarily due to lower general and administration expense as % of gross profit (-2.1ppt q-q/-3.3ppt to 7.3%, on tight cost control) and lower sales and marketing expense as % of gross profit (-2.7ppt q-q/ -8.2ppt y-y to 15.4%, due to prudent client acquisition strategy amid equity market weakness). Though CAC per new paying customer increased 9% q-q to US$326, the increase was mainly driven by higher brand marketing expense in SG & AUS, stripping out which, CAC was sequentially lower vs. 2Q (e.g. the adjusted CAC in SG was US$175 down -12.5%q-q vs. US$200 in 2Q22). Continued below.Key 3Q22 NegativesGross commission income was down -13.2% q-q/ -26.9%y-y, due to both lower total trading volume (-9% q-q to US$78bn, driven by lower stock trading volume of US$23bn, down -23.5% q-q vs. options & futures trading was flattish q-q at US$54bn) and lower commission rate of 3.4bp (-0.2bp q-q); No. of new paying customers fell -18.6% q-q / -72.6% y-y to 22.7k (a low since 1Q20), of which c.20%/60%/20% were from China/ SG/ US, AUS and NZ markets by geographical breakdown (broadly the same mix vs. 2Q22). In view of total new paying customers has already 80.7k in 9M22, mgmt. iterated confidence to meet the2022 target of 100k, implying new paying customers in 4Q22 could be c.20k (-12%q-q). Quarterly paying client retention rate remained high at 98% flattish q-q. Total paying customers reached 754.1mn (up +23.2% y-y), of which c.50%/40%/10% are from SG/China/ US, AUS and NZ markets (broadly unchanged vs. 2Q22); Client asset balance fell by -12.8% or -US$1.9bn q-q to US$13bn (a wider decline vs -2%/-US$300mn q-q in 2Q22) primarily dragged by mark-to-market loss in institutional clients asset balance (c.35% of the AUM in 3Q, with concentrated position in Chinese ADR/ HK shares and limited trading activities), while retail client (c.65% of the AUM) suffered milder asset balance decline, buffered by still-resilient net asset inflow of >US$700mn (albeit lower vs. US$1.5bn in 2Q). Other revenue fell -57% qq / -45% y-y, mainly dragged down by lower IBD fee rates on the 11 IPOsparticipated in 3Q22, while institutional customer acquisition remained healthy with total ESOP clients reaching 393 (+29 new ESOP clients in 3Q vs. +26 in 2Q).Updates on key markets—Singapore: The quality of new paying customers continued to improve in 3Q22, with initial deposit growing to reach >US$11k in3Q22 (vs. US$9k/ US$7.5k in 2Q/1Q22) and still-resilient deposit inflow across cohorts of existing SG customers every quarter.Hong Kong: TIGR has completed market infrastructure building and will officially launch retail customer acquisition in Dec 2022. In view of still-turbulent market condition, mgmt. guided to maintain prudent customer acquisition strategy in 4Q22, with slower pace of HK customer acquisition at the start. For 2023, mgmt. targets to reach 100% self-clearing for HK shares trading by end-2023, which we estimate could bring c.US$5mn quarterly cost savings from lower interest expense and clearing cost in 2H23.Fed rate hike benefit: TIGR may enjoy an additional US$1mn interest income for every 50bp Fed rate hike by our estimate, benefiting from the interest income from clients’ idle funding.4Q22 outlook: New paying client numbers may continue to fall q-q given prudent customer acquisition strategy amid market volatility; Client assets may fall by lowsingle digits q-q in 4Q22 with possible mark-to-market depreciation buffered by positive net asset inflow; Blended commission rate in 4Q22 should remain broadly stable vs. 3Q given stable cash equity commission rate.Earnings revision and new target price of US$7.67 — Given 3Q22 results came in better than our expectation, we revise up non-GAAP earnings forecast for FY22 earnings to US$6.5mn (from US$0.4mn previously) and raise our FY23/24/25 earnings estimates by 10-19% to US$30.1mn/ US$38.4mn/ US$60.5mn by factoring in interest income benefit from the Fed rate hike. Accordingly, we fine-tune our DCF-derived TP to US$7.67 (from US$7.55). Reiterate our Buy/1H rating on the vast potential we see in the international brokerage market in the long-term and lower regulatory risk.UP FintechCompany descriptionUp Fintech, commonly known as Tiger Brokers, started business with the launch of US stock brokerage and margin financing services, which targeted onshore Chinese investors in August 2015, and has grown to become the largest online broker focusing on the Chinese. By US securities trading volume, it had a 33.7% market share in 2018. The company offers brokerage services in various markets, including the US, HK, China A-share and the UK, and various innovative services such as investor community, US IPO subscription for retail investors and one-stop incubation services for institutional clients.Investment strategyWe rate Tiger Brokers as Buy / High Risk (1H). It has clear market leadership and a solid foundation in the US securities brokerage business for Chinese investors, thanks to its comprehensive product offerings and strong technology knowhow. Tiger’s comprehensive license portfolio lays a solid foundation for its global expansion plan, which could open up a new driver for growth, offsetting the slowing growth from China onshore investors amid tightening capital control. Meanwhile, global expansion remains at an early stage and near-term earnings risk persists given high market volatilityValuationWe value Tiger shares at US$7.67 based on a discounted cash flow (DCF)valuation in light of the company's near-term earning volatility and our view of its still-significant long-term potential in international brokerage market. Our DCF assumptions include: [1] Free cash flow (FCF) forecast of 14% CAGRover 2021-30E; [2] WACC of 11.1%, based on a risk-free rate of 2%, an equity risk premium of 7.4%, and beta of 1.3x; and [3] Terminal growth rate of 5%. Our target price is equivalent to 40x 23E P/E.RisksWe rate Tiger shares High Risk based on our quant model, which is driven by share-price volatility. Key downside risks that could prevent the stock from reaching our target price include: 1) lower-than-expected brokerage commission rates amid intensifying competition; 2) worse-than-expected execution in overseas expansion; 3) slower-than-expected customer asset growth if Chinese regulators further tighten capital controls; 4) change or termination of partnership with Interactive Brokers would negatively impact Tiger’s business operation and profitability; and 5) worse-than\\-expected market performance would hurt the company’s brokerage commission income, interest income growth, and potentially result in client loss.","news_type":1},"isVote":1,"tweetType":1,"viewCount":129,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9094218113,"gmtCreate":1645149953069,"gmtModify":1676534003577,"author":{"id":"4104574524141340","authorId":"4104574524141340","name":"Stealth K","avatar":"https://community-static.tradeup.com/news/c936068bf46b451acb891889f1b81d23","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4104574524141340","authorIdStr":"4104574524141340"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9094218113","repostId":"2201323160","repostType":2,"isVote":1,"tweetType":1,"viewCount":181,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9098194104,"gmtCreate":1644036977149,"gmtModify":1676533885262,"author":{"id":"4104574524141340","authorId":"4104574524141340","name":"Stealth K","avatar":"https://community-static.tradeup.com/news/c936068bf46b451acb891889f1b81d23","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4104574524141340","authorIdStr":"4104574524141340"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9098194104","repostId":"9099186897","repostType":1,"repost":{"id":9099186897,"gmtCreate":1643322014737,"gmtModify":1676533802747,"author":{"id":"4104574524141340","authorId":"4104574524141340","name":"Stealth K","avatar":"https://community-static.tradeup.com/news/c936068bf46b451acb891889f1b81d23","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4104574524141340","authorIdStr":"4104574524141340"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>https://www.bloomberg.com/press-releases/2021-11-11/tiger-brokers-singapore-receive-approvals-from-sgx1. CF&nbsp;Positive strength&nbsp;2. Attractive&nbsp;PE&nbsp;3. Regulated&nbsp;Mkt panic,&nbsp;Increase holding","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>https://www.bloomberg.com/press-releases/2021-11-11/tiger-brokers-singapore-receive-approvals-from-sgx1. CF&nbsp;Positive strength&nbsp;2. Attractive&nbsp;PE&nbsp;3. Regulated&nbsp;Mkt panic,&nbsp;Increase holding","text":"$Tiger Brokers(TIGR)$https://www.bloomberg.com/press-releases/2021-11-11/tiger-brokers-singapore-receive-approvals-from-sgx1. CF Positive strength 2. Attractive PE 3. Regulated Mkt panic, Increase holding","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9099186897","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":202,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9099186897,"gmtCreate":1643322014737,"gmtModify":1676533802747,"author":{"id":"4104574524141340","authorId":"4104574524141340","name":"Stealth K","avatar":"https://community-static.tradeup.com/news/c936068bf46b451acb891889f1b81d23","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4104574524141340","authorIdStr":"4104574524141340"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>https://www.bloomberg.com/press-releases/2021-11-11/tiger-brokers-singapore-receive-approvals-from-sgx1. CF&nbsp;Positive strength&nbsp;2. Attractive&nbsp;PE&nbsp;3. Regulated&nbsp;Mkt panic,&nbsp;Increase holding","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>https://www.bloomberg.com/press-releases/2021-11-11/tiger-brokers-singapore-receive-approvals-from-sgx1. CF&nbsp;Positive strength&nbsp;2. Attractive&nbsp;PE&nbsp;3. Regulated&nbsp;Mkt panic,&nbsp;Increase holding","text":"$Tiger Brokers(TIGR)$https://www.bloomberg.com/press-releases/2021-11-11/tiger-brokers-singapore-receive-approvals-from-sgx1. CF Positive strength 2. Attractive PE 3. Regulated Mkt panic, Increase holding","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":1,"link":"https://ttm.financial/post/9099186897","isVote":1,"tweetType":1,"viewCount":489,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"9000000000000404","authorId":"9000000000000404","name":"clipzy","avatar":"https://static.tigerbbs.com/3eb335d4670b62d2f6f58595a4ebf23b","crmLevel":1,"crmLevelSwitch":0,"idStr":"9000000000000404","authorIdStr":"9000000000000404"},"content":"I will hold Tiger stock for a long time.","text":"I will hold Tiger stock for a long time.","html":"I will hold Tiger stock for a long time."}],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9949324181,"gmtCreate":1678379643744,"gmtModify":1678379723469,"author":{"id":"4104574524141340","authorId":"4104574524141340","name":"Stealth K","avatar":"https://community-static.tradeup.com/news/c936068bf46b451acb891889f1b81d23","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4104574524141340","authorIdStr":"4104574524141340"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$&nbsp;</a><v-v data-views=\"1\"></v-v> https://www.nasdaq.com/market-activity/stocks/tigr/analyst-research TIGR Analyst Research TIGR Analyst Ratings CONSENSUS Strong Buy Based on 2 analysts offering recommendations for 'TIGR' in the last 3 months. Analyst Firms Making Recommendations CHINA RENAISSAN DAIWA AMERICA Analyst $4.2 Based on analysts offering 12 month price targets for TIGR in the last 3 months. The average price target is $4.2 with a high estimate of $4.2 and a low estimate of $4.2. Sign in to your SmartPortfolio to see more analyst recommendations. JUL'22 OCT'22 JAN'23 APR'23 JUL'23 OC…33.544.555.5 BUY: 1 DATE: 08/01/2022 CONSENSUS: BUY HIGH $4.2AVG. $4.2LOW $4.2 BACK TO TIGR OVERVIEW https://www.nasdaq.com/market-acti","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$&nbsp;</a><v-v data-views=\"1\"></v-v> https://www.nasdaq.com/market-activity/stocks/tigr/analyst-research TIGR Analyst Research TIGR Analyst Ratings CONSENSUS Strong Buy Based on 2 analysts offering recommendations for 'TIGR' in the last 3 months. Analyst Firms Making Recommendations CHINA RENAISSAN DAIWA AMERICA Analyst $4.2 Based on analysts offering 12 month price targets for TIGR in the last 3 months. The average price target is $4.2 with a high estimate of $4.2 and a low estimate of $4.2. Sign in to your SmartPortfolio to see more analyst recommendations. JUL'22 OCT'22 JAN'23 APR'23 JUL'23 OC…33.544.555.5 BUY: 1 DATE: 08/01/2022 CONSENSUS: BUY HIGH $4.2AVG. $4.2LOW $4.2 BACK TO TIGR OVERVIEW https://www.nasdaq.com/market-acti","text":"$Tiger Brokers(TIGR)$ https://www.nasdaq.com/market-activity/stocks/tigr/analyst-research TIGR Analyst Research TIGR Analyst Ratings CONSENSUS Strong Buy Based on 2 analysts offering recommendations for 'TIGR' in the last 3 months. Analyst Firms Making Recommendations CHINA RENAISSAN DAIWA AMERICA Analyst $4.2 Based on analysts offering 12 month price targets for TIGR in the last 3 months. The average price target is $4.2 with a high estimate of $4.2 and a low estimate of $4.2. Sign in to your SmartPortfolio to see more analyst recommendations. JUL'22 OCT'22 JAN'23 APR'23 JUL'23 OC…33.544.555.5 BUY: 1 DATE: 08/01/2022 CONSENSUS: BUY HIGH $4.2AVG. $4.2LOW $4.2 BACK TO TIGR OVERVIEW https://www.nasdaq.com/market-acti","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":22,"commentSize":19,"repostSize":0,"link":"https://ttm.financial/post/9949324181","isVote":1,"tweetType":1,"viewCount":628,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9940772964,"gmtCreate":1678211955458,"gmtModify":1678211959979,"author":{"id":"4104574524141340","authorId":"4104574524141340","name":"Stealth K","avatar":"https://community-static.tradeup.com/news/c936068bf46b451acb891889f1b81d23","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4104574524141340","authorIdStr":"4104574524141340"},"themes":[],"title":"Tiger Expect excellent year 2022, ","htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$&nbsp;</a><v-v data-views=\"1\"></v-v> Based on past Q1 to Q3 announcement , the final Q4 , Tigr is probably Expect positive return.&nbsp; Tiger being a brokerage firm, there is&nbsp; minimal risk. 1.&nbsp; Clients' fund upfront before investing,&nbsp;&nbsp; MINIMUM risk. 2. Commission basis, as such consistent income 3. Required licence, barriers of entry Expect Good result&nbsp; Expect FY22 announcing to date best&nbsp;profit&nbsp;","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$&nbsp;</a><v-v data-views=\"1\"></v-v> Based on past Q1 to Q3 announcement , the final Q4 , Tigr is probably Expect positive return.&nbsp; Tiger being a brokerage firm, there is&nbsp; minimal risk. 1.&nbsp; Clients' fund upfront before investing,&nbsp;&nbsp; MINIMUM risk. 2. Commission basis, as such consistent income 3. Required licence, barriers of entry Expect Good result&nbsp; Expect FY22 announcing to date best&nbsp;profit&nbsp;","text":"$Tiger Brokers(TIGR)$ Based on past Q1 to Q3 announcement , the final Q4 , Tigr is probably Expect positive return. Tiger being a brokerage firm, there is minimal risk. 1. Clients' fund upfront before investing, MINIMUM risk. 2. Commission basis, as such consistent income 3. Required licence, barriers of entry Expect Good result Expect FY22 announcing to date best profit","images":[],"top":1,"highlighted":2,"essential":1,"paper":2,"likeSize":16,"commentSize":17,"repostSize":2,"link":"https://ttm.financial/post/9940772964","isVote":1,"tweetType":1,"viewCount":1289,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3580625969745490","authorId":"3580625969745490","name":"boonchong","avatar":"https://static.tigerbbs.com/49aa77ad0af13cd80f20edbad1234522","crmLevel":2,"crmLevelSwitch":1,"idStr":"3580625969745490","authorIdStr":"3580625969745490"},"content":"so y r the share price not reflecting the true value... kindly pls share your good analysis?????","text":"so y r the share price not reflecting the true value... kindly pls share your good analysis?????","html":"so y r the share price not reflecting the true value... kindly pls share your good analysis?????"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9099186897,"gmtCreate":1643322014737,"gmtModify":1676533802747,"author":{"id":"4104574524141340","authorId":"4104574524141340","name":"Stealth K","avatar":"https://community-static.tradeup.com/news/c936068bf46b451acb891889f1b81d23","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4104574524141340","authorIdStr":"4104574524141340"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>https://www.bloomberg.com/press-releases/2021-11-11/tiger-brokers-singapore-receive-approvals-from-sgx1. CF&nbsp;Positive strength&nbsp;2. Attractive&nbsp;PE&nbsp;3. Regulated&nbsp;Mkt panic,&nbsp;Increase holding","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>https://www.bloomberg.com/press-releases/2021-11-11/tiger-brokers-singapore-receive-approvals-from-sgx1. CF&nbsp;Positive strength&nbsp;2. Attractive&nbsp;PE&nbsp;3. Regulated&nbsp;Mkt panic,&nbsp;Increase holding","text":"$Tiger Brokers(TIGR)$https://www.bloomberg.com/press-releases/2021-11-11/tiger-brokers-singapore-receive-approvals-from-sgx1. CF Positive strength 2. Attractive PE 3. Regulated Mkt panic, Increase holding","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":1,"link":"https://ttm.financial/post/9099186897","isVote":1,"tweetType":1,"viewCount":489,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"9000000000000404","authorId":"9000000000000404","name":"clipzy","avatar":"https://static.tigerbbs.com/3eb335d4670b62d2f6f58595a4ebf23b","crmLevel":1,"crmLevelSwitch":0,"idStr":"9000000000000404","authorIdStr":"9000000000000404"},"content":"I will hold Tiger stock for a long time.","text":"I will hold Tiger stock for a long time.","html":"I will hold Tiger stock for a long time."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":246027318665432,"gmtCreate":1701089175846,"gmtModify":1701089180348,"author":{"id":"4104574524141340","authorId":"4104574524141340","name":"Stealth K","avatar":"https://community-static.tradeup.com/news/c936068bf46b451acb891889f1b81d23","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4104574524141340","authorIdStr":"4104574524141340"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/246027318665432","repostId":"1114447597","repostType":2,"repost":{"id":"1114447597","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1701075703,"share":"https://ttm.financial/m/news/1114447597?lang=&edition=fundamental","pubTime":"2023-11-27 17:01","market":"us","language":"zh","title":"老虎国际前三季度净利润达4165万美元，超过去两年总和","url":"https://stock-news.laohu8.com/highlight/detail?id=1114447597","media":"老虎资讯综合","summary":"财务数据显示，老虎国际第三季度营收7015万美元，环比增长6.2%，同比增长26.6%；季内归属于母公司的non-GAAP净利润为1600万美元，环比增长4.3%，同比增长141.1%；2023年前三个季度non-GAAP净利润达4165万美元，超公司过去两年non-GAAP净利润之和。三季度，老虎国际全球开户客户新增2.9万，总数达215万；入金客户新增2.5万，总数达87万，同比增长14.8%。","content":"<html><head></head><body><p>美国东部时间11月27日美股盘前， <a href=\"https://laohu8.com/S/TIGR\">老虎证券</a> 公布截至2023年9月30日的第三季度未经审计财务数据。</p><p>财务数据显示，老虎国际第三季度营收7015万美元，环比增长6.2%，同比增长26.6%；季内归属于母公司的non-GAAP净利润为1600万美元，环比增长4.3%，同比增长141.1%；2023年前三个季度non-GAAP净利润达4165万美元，超公司过去两年non-GAAP净利润之和。</p><p>三季度，老虎国际全球开户客户新增2.9万，总数达215万；入金客户新增2.5万，总数达87万，同比增长14.8%。</p><p>期内公司总交易额803亿美元，其中股票交易规模221亿美元，期权与期货合约交易约814万份。客户总资产规模约189亿美元，同比增长45.7%，季内客户净入金超15亿美元。</p><p>老虎国际创始人及CEO巫天华表示：“三季度，公司业务稳健增长，营收和净利润均实现环比、同比双增长。国际化方面，我们在新加坡的市场份额持续扩大，本季度新增入金客户环比继续上涨，目前每三个新加坡常住人口中约有一位使用过Tiger Trade*；同时客户留存率维持高位，过去每个季度的新增入金客群在本季度的平均净入金均保持强劲。香港、澳大利亚等其他国际市场对老虎的认可度进一步提升，期内我们摘得《头条日报》、Canstar和Moneyhub等多个奖项。”</p><p>“作为一家用户至上的券商，我们持续上线更多产品功能，满足各类投资者需求。例如，期内我们推出了交易分享功能，用户可以实时分享自己的交易动态或订阅追踪其他分享者的买卖情况，让投资者能从交流和灵感共享中开拓投资思路。此外，在夯实股票交易服务优势的同时，近期我们还推出了美股组合期权功能，为中高阶期权投资者提供更便捷、智能、高效的期权投资体验，致力成为更多期权投资者的首选交易平台。”</p><p><strong>新加坡新客户优质 平均入金1万美元 香港客户资产环比增70%</strong></p><p style=\"text-align: left;\">老虎在新加坡的行业龙头地位继续得到巩固，期内新增入金客户数环比增长14.2%，新客户平均净入金约为1万美元，客户群体保持优质。存量客户持续信任老虎，自公司在当地展业以来，过去每个季度的新增入金客群在本季度的平均净入金均保持强劲。产品侧，美股组合期权已于近期在新加坡全量上线，功能包括组合期权详情页，可支持组合期权链、分时图和分钟K线图；期权链增加了策略模式，可帮助用户更好追踪组合报价；支持常用期权策略按比例同时成交等。随着产品优势进一步扩大，Tiger Trade亦成为当地更多期权投资者的首选交易平台，三季度新加坡期权交易账户数和持仓数均环比上涨。</p><p style=\"text-align: left;\">与此同时，老虎获《海峡时报》颁发“最佳客服奖”及新加坡证券投资者协会颁发“2023最佳零售券商奖”。老虎新加坡公司Tiger Fund Management(TFM)亦宣布达到3亿新币管理规模，并同元大证券（香港）签署合作谅解备忘录，预计将于今年末联合推出货币基金。</p><p style=\"text-align: left;\">三季度，老虎在香港继续稳健发展，期末客户资产环比增长69.6%，交易客户环比增长59.0%。公司根据本地客户需求，期内推出债券认购服务，并通过多重优惠鼓励用户认购绿色债券，推动香港绿色金融发展。同时，老虎上线《港股ETF进阶小课堂》、《港股ETF投资策略》等课程，向本地投资者普及投资理财知识。优质产品服务持续获得认可，期内老虎香港获《头条日报》颁发“NO.1网上证券投资平台奖”、香港电脑商会及新城电台颁发“杰出科技券商奖”。</p><p style=\"text-align: left;\">在澳大利亚，公司上季度在高息环境下应市推出的闲置资金收益计划广受市场好评，带动客户粘度进一步增强，当地客户三季度净入金环比增长17%。同时，老虎获知名财经媒体Canstar颁发“2023国际股票投资奖”。在新西兰，老虎定投和碎股功能凭借高性价比和便捷性持续受到投资者青睐，三季度本地定投账户数环比增长56.6%、碎股交易账户数环比增长106.0%。期内，老虎获得当地知名媒体Moneyhub颁发“最受欢迎的高性价比股票平台奖”。</p><p style=\"text-align: left;\"><strong>TigerGPT总问答数超10万条 财富管理业务Q3新增AUM环比增69%</strong></p><p style=\"text-align: left;\">三季度，老虎国际佣金收入为2319万美元，环比增长5.3%；利息相关收入达4161万美元，环比增长约5.9%。产品方面，Tiger Trade app内重磅推出期权频道，涵盖期权市场趋势、末日期权、期权异动、期权榜单、期权学习五大板块，一体化布局方便用户快速、全面地掌握期权市场重要信息。港股ETF专区亦已全量上线，聚合指数ETF、ETF榜单、社区资讯，便于投资者高效捕捉投资机会。</p><p style=\"text-align: left;\">TigerGPT在本季度已接入老虎海外社区，支持用户直接@TigerGPT提问，TigerGPT亦会根据上市公司财报、异动等重要事件自动生成分析文章。10月，TigerGPT上线网页版，用户可在浏览器上直接登陆体验。至今，TigerGPT总回答问题数超10万条，覆盖资讯解读、行情查询和财报分析等方面，超80%答案引用到老虎的自有实时金融数据；用户满意度持续提升，现达80%，TigerGPT正在成为全球更多投资者的智能投资助手。</p><p style=\"text-align: left;\">财富管理业务呈快速增长势头，三季度老虎财富管理规模（AUM）环比增长68.7%，持仓人数环比增长27.9%。Q3新入金客户中，平均每100个客户中就有14个使用老虎财富管理服务，客户渗透率不断提升。凭借精准选品能力，现金管理产品“老虎钱袋子”上线的代表性美元货基产品7日年化收益达5.6%**，受到全球更多投资者青睐，季度内持仓人数环比增长29.4%，AUM环比增长73.3%。同期，老虎拓展深化与Barclays, M&amp;G Investments等全球头部资管机构的合作，持续丰富产品类型，满足各类投资需求。</p><p style=\"text-align: left;\"> <strong>承分销5个美港股项目上市  一心向上股权激励管理系统首次面向未上市企业开放</strong></p><p style=\"text-align: left;\">三季度，老虎国际包括投行及员工股权激励服务(ESOP)等企业服务在内的其他收入达535万美元。投行方面，老虎作为港美股上市首选合作伙伴的地位持续得到巩固，期内承分销包括阿诺医药、Keep、第四范式等5家公司港美股IPO。</p><p style=\"text-align: left;\">ESOP方面，公司控股品牌“一心向上”季内新增27家企业客户，Q3新客户签单金额同比增长32.1%，累计服务企业客户数增至505家。季度内，一心向上股权激励管理系统进行重构升级，全流程数字化系统首次面向未上市企业开放，企业在线即可申请体验。目前，一心向上股权激励管理系统分为基础版、标准版、商业版、旗舰版四个版本，覆盖A、港、美资本市场不同成长阶段的企业对股权激励管理的全场景需求。</p><p style=\"text-align: left;\">企业号方面，公司本季引入巨星传奇集团有限公司、三星ETF、泰丰东方资产等明星企业和机构，累计客户数增至412家。此外，企业号成功组织投资者线下走访、调研零跑汽车、瑞尔集团和希玛眼科三家企业，进一步增强上市公司和投资者的直接沟通。</p><p style=\"text-align: left;\"> </p><p style=\"text-align: left;\">*按新加坡统计局等统计的2023年新加坡常住人口计算</p><p style=\"text-align: left;\">**数据来源Bloomberg，代表型产品为【USD】HK0000862265；数据截止日2023/10/25</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>老虎国际前三季度净利润达4165万美元，超过去两年总和</title>\n<style 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n老虎国际前三季度净利润达4165万美元，超过去两年总和\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2023-11-27 17:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>美国东部时间11月27日美股盘前， <a href=\"https://laohu8.com/S/TIGR\">老虎证券</a> 公布截至2023年9月30日的第三季度未经审计财务数据。</p><p>财务数据显示，老虎国际第三季度营收7015万美元，环比增长6.2%，同比增长26.6%；季内归属于母公司的non-GAAP净利润为1600万美元，环比增长4.3%，同比增长141.1%；2023年前三个季度non-GAAP净利润达4165万美元，超公司过去两年non-GAAP净利润之和。</p><p>三季度，老虎国际全球开户客户新增2.9万，总数达215万；入金客户新增2.5万，总数达87万，同比增长14.8%。</p><p>期内公司总交易额803亿美元，其中股票交易规模221亿美元，期权与期货合约交易约814万份。客户总资产规模约189亿美元，同比增长45.7%，季内客户净入金超15亿美元。</p><p>老虎国际创始人及CEO巫天华表示：“三季度，公司业务稳健增长，营收和净利润均实现环比、同比双增长。国际化方面，我们在新加坡的市场份额持续扩大，本季度新增入金客户环比继续上涨，目前每三个新加坡常住人口中约有一位使用过Tiger Trade*；同时客户留存率维持高位，过去每个季度的新增入金客群在本季度的平均净入金均保持强劲。香港、澳大利亚等其他国际市场对老虎的认可度进一步提升，期内我们摘得《头条日报》、Canstar和Moneyhub等多个奖项。”</p><p>“作为一家用户至上的券商，我们持续上线更多产品功能，满足各类投资者需求。例如，期内我们推出了交易分享功能，用户可以实时分享自己的交易动态或订阅追踪其他分享者的买卖情况，让投资者能从交流和灵感共享中开拓投资思路。此外，在夯实股票交易服务优势的同时，近期我们还推出了美股组合期权功能，为中高阶期权投资者提供更便捷、智能、高效的期权投资体验，致力成为更多期权投资者的首选交易平台。”</p><p><strong>新加坡新客户优质 平均入金1万美元 香港客户资产环比增70%</strong></p><p style=\"text-align: left;\">老虎在新加坡的行业龙头地位继续得到巩固，期内新增入金客户数环比增长14.2%，新客户平均净入金约为1万美元，客户群体保持优质。存量客户持续信任老虎，自公司在当地展业以来，过去每个季度的新增入金客群在本季度的平均净入金均保持强劲。产品侧，美股组合期权已于近期在新加坡全量上线，功能包括组合期权详情页，可支持组合期权链、分时图和分钟K线图；期权链增加了策略模式，可帮助用户更好追踪组合报价；支持常用期权策略按比例同时成交等。随着产品优势进一步扩大，Tiger Trade亦成为当地更多期权投资者的首选交易平台，三季度新加坡期权交易账户数和持仓数均环比上涨。</p><p style=\"text-align: left;\">与此同时，老虎获《海峡时报》颁发“最佳客服奖”及新加坡证券投资者协会颁发“2023最佳零售券商奖”。老虎新加坡公司Tiger Fund Management(TFM)亦宣布达到3亿新币管理规模，并同元大证券（香港）签署合作谅解备忘录，预计将于今年末联合推出货币基金。</p><p style=\"text-align: left;\">三季度，老虎在香港继续稳健发展，期末客户资产环比增长69.6%，交易客户环比增长59.0%。公司根据本地客户需求，期内推出债券认购服务，并通过多重优惠鼓励用户认购绿色债券，推动香港绿色金融发展。同时，老虎上线《港股ETF进阶小课堂》、《港股ETF投资策略》等课程，向本地投资者普及投资理财知识。优质产品服务持续获得认可，期内老虎香港获《头条日报》颁发“NO.1网上证券投资平台奖”、香港电脑商会及新城电台颁发“杰出科技券商奖”。</p><p style=\"text-align: left;\">在澳大利亚，公司上季度在高息环境下应市推出的闲置资金收益计划广受市场好评，带动客户粘度进一步增强，当地客户三季度净入金环比增长17%。同时，老虎获知名财经媒体Canstar颁发“2023国际股票投资奖”。在新西兰，老虎定投和碎股功能凭借高性价比和便捷性持续受到投资者青睐，三季度本地定投账户数环比增长56.6%、碎股交易账户数环比增长106.0%。期内，老虎获得当地知名媒体Moneyhub颁发“最受欢迎的高性价比股票平台奖”。</p><p style=\"text-align: left;\"><strong>TigerGPT总问答数超10万条 财富管理业务Q3新增AUM环比增69%</strong></p><p style=\"text-align: left;\">三季度，老虎国际佣金收入为2319万美元，环比增长5.3%；利息相关收入达4161万美元，环比增长约5.9%。产品方面，Tiger Trade app内重磅推出期权频道，涵盖期权市场趋势、末日期权、期权异动、期权榜单、期权学习五大板块，一体化布局方便用户快速、全面地掌握期权市场重要信息。港股ETF专区亦已全量上线，聚合指数ETF、ETF榜单、社区资讯，便于投资者高效捕捉投资机会。</p><p style=\"text-align: left;\">TigerGPT在本季度已接入老虎海外社区，支持用户直接@TigerGPT提问，TigerGPT亦会根据上市公司财报、异动等重要事件自动生成分析文章。10月，TigerGPT上线网页版，用户可在浏览器上直接登陆体验。至今，TigerGPT总回答问题数超10万条，覆盖资讯解读、行情查询和财报分析等方面，超80%答案引用到老虎的自有实时金融数据；用户满意度持续提升，现达80%，TigerGPT正在成为全球更多投资者的智能投资助手。</p><p style=\"text-align: left;\">财富管理业务呈快速增长势头，三季度老虎财富管理规模（AUM）环比增长68.7%，持仓人数环比增长27.9%。Q3新入金客户中，平均每100个客户中就有14个使用老虎财富管理服务，客户渗透率不断提升。凭借精准选品能力，现金管理产品“老虎钱袋子”上线的代表性美元货基产品7日年化收益达5.6%**，受到全球更多投资者青睐，季度内持仓人数环比增长29.4%，AUM环比增长73.3%。同期，老虎拓展深化与Barclays, M&amp;G Investments等全球头部资管机构的合作，持续丰富产品类型，满足各类投资需求。</p><p style=\"text-align: left;\"> <strong>承分销5个美港股项目上市  一心向上股权激励管理系统首次面向未上市企业开放</strong></p><p style=\"text-align: left;\">三季度，老虎国际包括投行及员工股权激励服务(ESOP)等企业服务在内的其他收入达535万美元。投行方面，老虎作为港美股上市首选合作伙伴的地位持续得到巩固，期内承分销包括阿诺医药、Keep、第四范式等5家公司港美股IPO。</p><p style=\"text-align: left;\">ESOP方面，公司控股品牌“一心向上”季内新增27家企业客户，Q3新客户签单金额同比增长32.1%，累计服务企业客户数增至505家。季度内，一心向上股权激励管理系统进行重构升级，全流程数字化系统首次面向未上市企业开放，企业在线即可申请体验。目前，一心向上股权激励管理系统分为基础版、标准版、商业版、旗舰版四个版本，覆盖A、港、美资本市场不同成长阶段的企业对股权激励管理的全场景需求。</p><p style=\"text-align: left;\">企业号方面，公司本季引入巨星传奇集团有限公司、三星ETF、泰丰东方资产等明星企业和机构，累计客户数增至412家。此外，企业号成功组织投资者线下走访、调研零跑汽车、瑞尔集团和希玛眼科三家企业，进一步增强上市公司和投资者的直接沟通。</p><p style=\"text-align: left;\"> </p><p style=\"text-align: left;\">*按新加坡统计局等统计的2023年新加坡常住人口计算</p><p style=\"text-align: left;\">**数据来源Bloomberg，代表型产品为【USD】HK0000862265；数据截止日2023/10/25</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/56898864f499fc3032bf9f650ec2a2cc","relate_stocks":{"TIGR":"老虎证券"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114447597","content_text":"美国东部时间11月27日美股盘前， 老虎证券 公布截至2023年9月30日的第三季度未经审计财务数据。财务数据显示，老虎国际第三季度营收7015万美元，环比增长6.2%，同比增长26.6%；季内归属于母公司的non-GAAP净利润为1600万美元，环比增长4.3%，同比增长141.1%；2023年前三个季度non-GAAP净利润达4165万美元，超公司过去两年non-GAAP净利润之和。三季度，老虎国际全球开户客户新增2.9万，总数达215万；入金客户新增2.5万，总数达87万，同比增长14.8%。期内公司总交易额803亿美元，其中股票交易规模221亿美元，期权与期货合约交易约814万份。客户总资产规模约189亿美元，同比增长45.7%，季内客户净入金超15亿美元。老虎国际创始人及CEO巫天华表示：“三季度，公司业务稳健增长，营收和净利润均实现环比、同比双增长。国际化方面，我们在新加坡的市场份额持续扩大，本季度新增入金客户环比继续上涨，目前每三个新加坡常住人口中约有一位使用过Tiger Trade*；同时客户留存率维持高位，过去每个季度的新增入金客群在本季度的平均净入金均保持强劲。香港、澳大利亚等其他国际市场对老虎的认可度进一步提升，期内我们摘得《头条日报》、Canstar和Moneyhub等多个奖项。”“作为一家用户至上的券商，我们持续上线更多产品功能，满足各类投资者需求。例如，期内我们推出了交易分享功能，用户可以实时分享自己的交易动态或订阅追踪其他分享者的买卖情况，让投资者能从交流和灵感共享中开拓投资思路。此外，在夯实股票交易服务优势的同时，近期我们还推出了美股组合期权功能，为中高阶期权投资者提供更便捷、智能、高效的期权投资体验，致力成为更多期权投资者的首选交易平台。”新加坡新客户优质 平均入金1万美元 香港客户资产环比增70%老虎在新加坡的行业龙头地位继续得到巩固，期内新增入金客户数环比增长14.2%，新客户平均净入金约为1万美元，客户群体保持优质。存量客户持续信任老虎，自公司在当地展业以来，过去每个季度的新增入金客群在本季度的平均净入金均保持强劲。产品侧，美股组合期权已于近期在新加坡全量上线，功能包括组合期权详情页，可支持组合期权链、分时图和分钟K线图；期权链增加了策略模式，可帮助用户更好追踪组合报价；支持常用期权策略按比例同时成交等。随着产品优势进一步扩大，Tiger Trade亦成为当地更多期权投资者的首选交易平台，三季度新加坡期权交易账户数和持仓数均环比上涨。与此同时，老虎获《海峡时报》颁发“最佳客服奖”及新加坡证券投资者协会颁发“2023最佳零售券商奖”。老虎新加坡公司Tiger Fund Management(TFM)亦宣布达到3亿新币管理规模，并同元大证券（香港）签署合作谅解备忘录，预计将于今年末联合推出货币基金。三季度，老虎在香港继续稳健发展，期末客户资产环比增长69.6%，交易客户环比增长59.0%。公司根据本地客户需求，期内推出债券认购服务，并通过多重优惠鼓励用户认购绿色债券，推动香港绿色金融发展。同时，老虎上线《港股ETF进阶小课堂》、《港股ETF投资策略》等课程，向本地投资者普及投资理财知识。优质产品服务持续获得认可，期内老虎香港获《头条日报》颁发“NO.1网上证券投资平台奖”、香港电脑商会及新城电台颁发“杰出科技券商奖”。在澳大利亚，公司上季度在高息环境下应市推出的闲置资金收益计划广受市场好评，带动客户粘度进一步增强，当地客户三季度净入金环比增长17%。同时，老虎获知名财经媒体Canstar颁发“2023国际股票投资奖”。在新西兰，老虎定投和碎股功能凭借高性价比和便捷性持续受到投资者青睐，三季度本地定投账户数环比增长56.6%、碎股交易账户数环比增长106.0%。期内，老虎获得当地知名媒体Moneyhub颁发“最受欢迎的高性价比股票平台奖”。TigerGPT总问答数超10万条 财富管理业务Q3新增AUM环比增69%三季度，老虎国际佣金收入为2319万美元，环比增长5.3%；利息相关收入达4161万美元，环比增长约5.9%。产品方面，Tiger Trade app内重磅推出期权频道，涵盖期权市场趋势、末日期权、期权异动、期权榜单、期权学习五大板块，一体化布局方便用户快速、全面地掌握期权市场重要信息。港股ETF专区亦已全量上线，聚合指数ETF、ETF榜单、社区资讯，便于投资者高效捕捉投资机会。TigerGPT在本季度已接入老虎海外社区，支持用户直接@TigerGPT提问，TigerGPT亦会根据上市公司财报、异动等重要事件自动生成分析文章。10月，TigerGPT上线网页版，用户可在浏览器上直接登陆体验。至今，TigerGPT总回答问题数超10万条，覆盖资讯解读、行情查询和财报分析等方面，超80%答案引用到老虎的自有实时金融数据；用户满意度持续提升，现达80%，TigerGPT正在成为全球更多投资者的智能投资助手。财富管理业务呈快速增长势头，三季度老虎财富管理规模（AUM）环比增长68.7%，持仓人数环比增长27.9%。Q3新入金客户中，平均每100个客户中就有14个使用老虎财富管理服务，客户渗透率不断提升。凭借精准选品能力，现金管理产品“老虎钱袋子”上线的代表性美元货基产品7日年化收益达5.6%**，受到全球更多投资者青睐，季度内持仓人数环比增长29.4%，AUM环比增长73.3%。同期，老虎拓展深化与Barclays, M&G Investments等全球头部资管机构的合作，持续丰富产品类型，满足各类投资需求。 承分销5个美港股项目上市  一心向上股权激励管理系统首次面向未上市企业开放三季度，老虎国际包括投行及员工股权激励服务(ESOP)等企业服务在内的其他收入达535万美元。投行方面，老虎作为港美股上市首选合作伙伴的地位持续得到巩固，期内承分销包括阿诺医药、Keep、第四范式等5家公司港美股IPO。ESOP方面，公司控股品牌“一心向上”季内新增27家企业客户，Q3新客户签单金额同比增长32.1%，累计服务企业客户数增至505家。季度内，一心向上股权激励管理系统进行重构升级，全流程数字化系统首次面向未上市企业开放，企业在线即可申请体验。目前，一心向上股权激励管理系统分为基础版、标准版、商业版、旗舰版四个版本，覆盖A、港、美资本市场不同成长阶段的企业对股权激励管理的全场景需求。企业号方面，公司本季引入巨星传奇集团有限公司、三星ETF、泰丰东方资产等明星企业和机构，累计客户数增至412家。此外，企业号成功组织投资者线下走访、调研零跑汽车、瑞尔集团和希玛眼科三家企业，进一步增强上市公司和投资者的直接沟通。 *按新加坡统计局等统计的2023年新加坡常住人口计算**数据来源Bloomberg，代表型产品为【USD】HK0000862265；数据截止日2023/10/25","news_type":1},"isVote":1,"tweetType":1,"viewCount":202,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9956464289,"gmtCreate":1674142060641,"gmtModify":1676538926407,"author":{"id":"4104574524141340","authorId":"4104574524141340","name":"Stealth 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FL - January 5, 2022 – FinancialNewsMedia.com News Commentary – Online Trading platform ","content":"<html><body><div>\n<p>Palm Beach, FL - January 5, 2022 – <em>FinancialNewsMedia.com</em><em> News Commentary</em> – Online Trading platform also referred to as an Electronic trading platform is a computer software program that is used to place orders for financial commodities over a network with an intermediary, say, an online broker. Online trading platforms may include services such as trading in bonds, stocks (shares), international currencies, and other financial instruments. Online trading in simple words is the act of buying and selling financial products or commodities through an Online Trading Platform.  Traditional floor trading executed in earlier days was inadequately a lengthy process and it would take a lot of time and energy. However, the introduction of Online Trading Platforms has introduced a much faster and easy way to trade from any location which is accessible by the internet. Online Trading Platforms streams live market prices and according to that the user of the trading platform can perform the activity of buying, selling, or holding the stock. Online Trading Platform also provides real-time quotes, charting tools, news feeds, and premium research along with account management functions.  According to a <u>report</u> from Verified Market Research, the Online Trading Platform Market size was valued at USD 13.1 Billion in 2019 and is projected to reach USD 18.3 Billion by 2027, growing at a CAGR of 4.2 % from 2020 to 2027.   Active companies in the markets today include:  <strong><a href=\"https://laohu8.com/S/BLBX\">Blackboxstocks Inc.</a></strong> (NASDAQ: BLBX), <strong><a href=\"https://laohu8.com/S/HOOD\">Robinhood Markets, Inc.</a> </strong>(NASDAQ: HOOD), <strong>Lazard Ltd </strong>(NYSE: LAZ), <strong>UP Fintech Holding Limited </strong>(NASDAQ: TIGR), <strong><a href=\"https://laohu8.com/S/SF\">Stifel Financial Corp</a>. </strong>(NYSE: SF).</p><p>The report said: \"The increasing awareness of the Online Trading Platform is anticipated to aid the growth in various regions around the globe. The understandable and easy user interface in trading and the increasing improvements in these platforms introduced by top key players is expected to fuel the growth of the market by a great margin over the forecast period.  The increasing awareness among a large number of people is expected to grow the market at a faster CAGR globally. More people getting into the Online Trading Platforms for growing themselves financially and with the help of information and tools provided by the key players of the Online Trading Platforms are expected to contribute in a major manner towards the growth of the market globally. Services such as real-time quotes, charting tools, news feeds, and premium research along with account management functions are expected to drive the market globally in a positive manner by the forecast period.\"</p><p><strong>Blackboxstocks Inc.</strong> (NASDAQ: BLBX) <strong>BREAKING NEWS: Blackboxstocks, Inc. Releases Shareholder Update - </strong>Blackboxstocks Inc. (\"Blackbox\"), a financial technology and social media hybrid platform offering real-time proprietary analytics for stock and options traders of all levels, today released a shareholder update.</p><p>Dear Shareholders, as we close the books on 2021, and the new year is upon us, I would like to recap some of the milestones that Blackbox achieved in 2021 and update you on initiatives we have in store for 2022. I have always been a firm believer in the adage \"simplicity sells\" and am also a fan of brevity whenever possible. So please consider this a brief, but comprehensive recap and update with the purpose of keeping our stakeholders informed until we file our Form-10K with the SEC in March.</p><p>On November 10, 2021, BLBX uplisted to the NASDAQ Capital Market exchange in conjunction with a $12,000,000 initial public offering providing Blackbox with significant working capital.  It also allowed our stock to trade on an exchange offering exposure to a broad group of investors and enhanced liquidity for our shareholders. The new surplus of working capital is a luxury that management has not had in the past. Since the inception of Blackbox, we have often operated under tight capital constraints that made the development of our product and scaling of our customer base extremely challenging. At the same time, we learned how to operate very effectively and efficiently. We are very thankful for the efficient machine that was spawned from the lean years at Blackbox.</p><p>We had a banner year in 2021!! We reported record revenue in the first three quarters of the year.  We also provided guidance for full year revenue for 2021 to be in a range between $5.94 and $5.98 million, 76-78% ahead of 2020. Revenue growth was driven by significant membership growth which grew to and surpassed the milestone of 6,000 paid subscribers in December 2021. While we are very proud of these achievements, it is important for our shareholders to understand that we have our sights set much higher. We believe we can improve on our current growth trajectory as well as continue to enhance the quality and scope of our product.</p><p>Currently, we are in the process of completing and implementing multiple new initiatives that we believe will enable us to substantially grow our subscriber base and revenue. We have built a brand that is known for its quality user experience and personalized customer service and we believe that these new initiatives will allow us to scale our platform without sacrificing the quality of our brand.</p><p>Blackbox is a community driven platform that leverages the power of our members in a team environment to create what I often refer to as \"the best of man and machine!\" We believe our powerful analytics are greatly enhanced by our community that interprets them. In 2022 we plan to augment this unique dynamic that has differentiated Blackbox from other trading tools and fintech platforms. Here are three near term initiatives that we are finalizing and implementing in order to start 2022 with a strong trajectory.   <strong><em>CONTINUED...</em></strong> <strong>Read the Blackboxstocks full press release by going to:</strong> https://blackboxstocks.com/press-releases/</p><p><em>In other news and developments of note in the markets this week:  </em></p><p><strong>Robinhood Markets, Inc. </strong>(NASDAQ: HOOD) <u>recently</u> announced financial results for the third quarter ended September 30, 2021.  <strong>Total net revenues</strong> increased 35% to $365 million, compared with $270 million in the third quarter of 2020. <strong>Transaction-based revenues</strong> increased 32% to $267 million, compared with $202 million in the third quarter of 2020. Options increased 29% to $164 million, compared with $127 million in the third quarter of 2020. Cryptocurrencies increased 860% to $51 million, compared to $5 million in the third quarter of 2020. Equities decreased 27% to $50 million, compared with $69 million in the third quarter of 2020.</p><p><strong>Loss before income tax</strong> was $1.37 billion, compared with loss before income tax of $11 million in the third quarter of 2020. Share-based compensation expense totaled $1.24 billion in the third quarter of 2021 of which $1.01 billion was recognized upon our IPO. <strong>Net loss</strong> was $1.32 billion, or $2.06 per diluted share, compared with net loss of $11 million, or $0.05 per diluted share in the third quarter of 2020. <strong>Adjusted EBITDA (non-GAAP)</strong> was negative $84 million, compared with positive $59 million in the third quarter of 2020. <strong>Net Cumulative Funded Accounts</strong> increased 97% to 22.4 million, compared with 11.4 million in the third quarter of 2020.</p><p><strong>Lazard Ltd </strong>(NYSE: LAZ) <u>recently</u> reported that its preliminary assets under management (“AUM”) as of November 30, 2021 totaled approximately $267.4 billion. The month's AUM included market depreciation of $5.8 billion, foreign exchange depreciation of $3.4 billion and net outflows of $3.1 billion.</p><p>Lazard, <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the world’s preeminent financial advisory and asset management firms, operates from 41 cities across 26 countries in North America, Europe, Asia, Australia, Central and South America. With origins dating to 1848, the firm provides advice on mergers and acquisitions, strategic matters, restructuring and capital structure, capital raising and corporate finance, as well as asset management services to corporations, partnerships, institutions, governments and individuals.</p><p><strong>UP Fintech Holding Limited </strong>(NASDAQ: TIGR) and all of its subsidiaries and consolidated entities), a leading online brokerage firm focusing on global investors, <u>recently</u> reported its unaudited financial results for the third quarter ended September 30, 2021. Total revenues were US$60.8 million, a 59.6% increase from the third quarter of 2020. Non-GAAP net income was US$5.3 million.</p><p>In the quarter, the Company’s internationalization strategy demonstrated substantial progress. By the end of the third quarter, customer accounts increased by 117,800 to 1.77 million, nearly twice that of the same period last year. The number of customers with deposits increased to 612,000, nearly 3 times that of the same period last year. Notably, over 80% of newly funded accounts in Q3 came from overseas. The Company has acquired 353,300 funded accounts this year, surpassing the 350,000 new funded account guidance it set out earlier this year.</p><p><strong><a href=\"https://laohu8.com/S/SFB\">Stifel Financial Corp</a>. </strong>(NYSE: SF) <u>recently</u> announced that it has completed the acquisition of Vining Sparks, an industry leader in providing strategic balance sheet and investment solutions to depository institutions, municipalities, money managers, insurance companies, trust departments, and pension funds.</p><p>\"We are excited to welcome Mark Medford and his team to Stifel,\" said Ronald J. Kruszewski, Chairman and CEO of Stifel. \"The combination of our two highly complementary businesses further enhances Stifel's position as the leading investment bank for U.S. depository institutions.\"</p><p>Established in 1981 and headquartered in Memphis, Tennessee, Vining Sparks has approximately 275 employees in 13 offices throughout the United States. The firm provides institutional fixed income brokerage, balance sheet management, and underwriting services to more than 4,000 institutional clients in all 50 states, with a core focus on depository institutions. Vining Sparks has averaged $150 billion in annual trading volume and generated average annual revenue of nearly $150 million since 2008.</p><p>DISCLAIMER:  FN Media Group LLC (FNM), which owns and operates Financialnewsmedia.com and MarketNewsUpdates.com, is a third- party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels.  FNM is NOT affiliated in any manner with any company mentioned herein.  FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.  The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material.  All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks.  All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release.  FNM is not liable for any investment decisions by its readers or subscribers.  Investors are cautioned that they may lose all or a portion of their investment when investing in stocks.  For current services performed FNM was compensated twenty five hundred dollars for news coverage of current press release issued by:  Blackboxstocks Inc. by a non-affiliated third party.</p><p>FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.</p><p>This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.</p><p>Contact Information:</p><p>Media Contact email: editor@financialnewsmedia.com – +1(561)325-8757</p><p>SOURCE Financialnewsmedia.com</p><p>The post Global Online Trading Solutions are Booming While Projected to Reach a Value of $18 Billion by 2027 appeared first on Financial News Media.</p>\n<img height=\"1\" src=\"https://prt.comtex.com/prt.php?ContentID=400076464&amp;SourceID=2692&amp;EndPointID=4106&amp;DateTime=2022-01-05T08:45:59&amp;Headline=Global%20Online%20Trading%20Solutions%20are%20Booming%20While%20Projected%20to%20Reach%20a%20Value%20of%20$18%20Billion%20by%202027\" width=\"865\"/><p>COMTEX_400076464/2692/2022-01-05T08:45:59</p> </div></body></html>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Global Online Trading Solutions are Booming While Projected to Reach a Value of $18 Billion by 2027</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGlobal Online Trading Solutions are Booming While Projected to Reach a Value of $18 Billion by 2027\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-05 21:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=19422808><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Palm Beach, FL - January 5, 2022 – FinancialNewsMedia.com News Commentary – Online Trading platform also referred to as an Electronic trading platform is a computer software program that is used to ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=19422808\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HOOD":"Robinhood","BK4023":"应用软件","LAZ":"Lazard Class A","TIGR":"老虎证券","BLBX":"Blackboxstocks Inc.","BK4539":"次新股","BK4127":"投资银行业与经纪业","BK4547":"WSB热门概念","SF":"Stifel Financial Corp"},"source_url":"https://www.streetinsider.com/dr/news.php?id=19422808","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2201323160","content_text":"Palm Beach, FL - January 5, 2022 – FinancialNewsMedia.com News Commentary – Online Trading platform also referred to as an Electronic trading platform is a computer software program that is used to place orders for financial commodities over a network with an intermediary, say, an online broker. Online trading platforms may include services such as trading in bonds, stocks (shares), international currencies, and other financial instruments. Online trading in simple words is the act of buying and selling financial products or commodities through an Online Trading Platform.  Traditional floor trading executed in earlier days was inadequately a lengthy process and it would take a lot of time and energy. However, the introduction of Online Trading Platforms has introduced a much faster and easy way to trade from any location which is accessible by the internet. Online Trading Platforms streams live market prices and according to that the user of the trading platform can perform the activity of buying, selling, or holding the stock. Online Trading Platform also provides real-time quotes, charting tools, news feeds, and premium research along with account management functions.  According to a report from Verified Market Research, the Online Trading Platform Market size was valued at USD 13.1 Billion in 2019 and is projected to reach USD 18.3 Billion by 2027, growing at a CAGR of 4.2 % from 2020 to 2027.   Active companies in the markets today include:  Blackboxstocks Inc. (NASDAQ: BLBX), Robinhood Markets, Inc. (NASDAQ: HOOD), Lazard Ltd (NYSE: LAZ), UP Fintech Holding Limited (NASDAQ: TIGR), Stifel Financial Corp. (NYSE: SF).The report said: \"The increasing awareness of the Online Trading Platform is anticipated to aid the growth in various regions around the globe. The understandable and easy user interface in trading and the increasing improvements in these platforms introduced by top key players is expected to fuel the growth of the market by a great margin over the forecast period.  The increasing awareness among a large number of people is expected to grow the market at a faster CAGR globally. More people getting into the Online Trading Platforms for growing themselves financially and with the help of information and tools provided by the key players of the Online Trading Platforms are expected to contribute in a major manner towards the growth of the market globally. Services such as real-time quotes, charting tools, news feeds, and premium research along with account management functions are expected to drive the market globally in a positive manner by the forecast period.\"Blackboxstocks Inc. (NASDAQ: BLBX) BREAKING NEWS: Blackboxstocks, Inc. Releases Shareholder Update - Blackboxstocks Inc. (\"Blackbox\"), a financial technology and social media hybrid platform offering real-time proprietary analytics for stock and options traders of all levels, today released a shareholder update.Dear Shareholders, as we close the books on 2021, and the new year is upon us, I would like to recap some of the milestones that Blackbox achieved in 2021 and update you on initiatives we have in store for 2022. I have always been a firm believer in the adage \"simplicity sells\" and am also a fan of brevity whenever possible. So please consider this a brief, but comprehensive recap and update with the purpose of keeping our stakeholders informed until we file our Form-10K with the SEC in March.On November 10, 2021, BLBX uplisted to the NASDAQ Capital Market exchange in conjunction with a $12,000,000 initial public offering providing Blackbox with significant working capital.  It also allowed our stock to trade on an exchange offering exposure to a broad group of investors and enhanced liquidity for our shareholders. The new surplus of working capital is a luxury that management has not had in the past. Since the inception of Blackbox, we have often operated under tight capital constraints that made the development of our product and scaling of our customer base extremely challenging. At the same time, we learned how to operate very effectively and efficiently. We are very thankful for the efficient machine that was spawned from the lean years at Blackbox.We had a banner year in 2021!! We reported record revenue in the first three quarters of the year.  We also provided guidance for full year revenue for 2021 to be in a range between $5.94 and $5.98 million, 76-78% ahead of 2020. Revenue growth was driven by significant membership growth which grew to and surpassed the milestone of 6,000 paid subscribers in December 2021. While we are very proud of these achievements, it is important for our shareholders to understand that we have our sights set much higher. We believe we can improve on our current growth trajectory as well as continue to enhance the quality and scope of our product.Currently, we are in the process of completing and implementing multiple new initiatives that we believe will enable us to substantially grow our subscriber base and revenue. We have built a brand that is known for its quality user experience and personalized customer service and we believe that these new initiatives will allow us to scale our platform without sacrificing the quality of our brand.Blackbox is a community driven platform that leverages the power of our members in a team environment to create what I often refer to as \"the best of man and machine!\" We believe our powerful analytics are greatly enhanced by our community that interprets them. In 2022 we plan to augment this unique dynamic that has differentiated Blackbox from other trading tools and fintech platforms. Here are three near term initiatives that we are finalizing and implementing in order to start 2022 with a strong trajectory.   CONTINUED... Read the Blackboxstocks full press release by going to: https://blackboxstocks.com/press-releases/In other news and developments of note in the markets this week:  Robinhood Markets, Inc. (NASDAQ: HOOD) recently announced financial results for the third quarter ended September 30, 2021.  Total net revenues increased 35% to $365 million, compared with $270 million in the third quarter of 2020. Transaction-based revenues increased 32% to $267 million, compared with $202 million in the third quarter of 2020. Options increased 29% to $164 million, compared with $127 million in the third quarter of 2020. Cryptocurrencies increased 860% to $51 million, compared to $5 million in the third quarter of 2020. Equities decreased 27% to $50 million, compared with $69 million in the third quarter of 2020.Loss before income tax was $1.37 billion, compared with loss before income tax of $11 million in the third quarter of 2020. Share-based compensation expense totaled $1.24 billion in the third quarter of 2021 of which $1.01 billion was recognized upon our IPO. Net loss was $1.32 billion, or $2.06 per diluted share, compared with net loss of $11 million, or $0.05 per diluted share in the third quarter of 2020. Adjusted EBITDA (non-GAAP) was negative $84 million, compared with positive $59 million in the third quarter of 2020. Net Cumulative Funded Accounts increased 97% to 22.4 million, compared with 11.4 million in the third quarter of 2020.Lazard Ltd (NYSE: LAZ) recently reported that its preliminary assets under management (“AUM”) as of November 30, 2021 totaled approximately $267.4 billion. The month's AUM included market depreciation of $5.8 billion, foreign exchange depreciation of $3.4 billion and net outflows of $3.1 billion.Lazard, one of the world’s preeminent financial advisory and asset management firms, operates from 41 cities across 26 countries in North America, Europe, Asia, Australia, Central and South America. With origins dating to 1848, the firm provides advice on mergers and acquisitions, strategic matters, restructuring and capital structure, capital raising and corporate finance, as well as asset management services to corporations, partnerships, institutions, governments and individuals.UP Fintech Holding Limited (NASDAQ: TIGR) and all of its subsidiaries and consolidated entities), a leading online brokerage firm focusing on global investors, recently reported its unaudited financial results for the third quarter ended September 30, 2021. Total revenues were US$60.8 million, a 59.6% increase from the third quarter of 2020. Non-GAAP net income was US$5.3 million.In the quarter, the Company’s internationalization strategy demonstrated substantial progress. By the end of the third quarter, customer accounts increased by 117,800 to 1.77 million, nearly twice that of the same period last year. The number of customers with deposits increased to 612,000, nearly 3 times that of the same period last year. Notably, over 80% of newly funded accounts in Q3 came from overseas. The Company has acquired 353,300 funded accounts this year, surpassing the 350,000 new funded account guidance it set out earlier this year.Stifel Financial Corp. (NYSE: SF) recently announced that it has completed the acquisition of Vining Sparks, an industry leader in providing strategic balance sheet and investment solutions to depository institutions, municipalities, money managers, insurance companies, trust departments, and pension funds.\"We are excited to welcome Mark Medford and his team to Stifel,\" said Ronald J. Kruszewski, Chairman and CEO of Stifel. \"The combination of our two highly complementary businesses further enhances Stifel's position as the leading investment bank for U.S. depository institutions.\"Established in 1981 and headquartered in Memphis, Tennessee, Vining Sparks has approximately 275 employees in 13 offices throughout the United States. The firm provides institutional fixed income brokerage, balance sheet management, and underwriting services to more than 4,000 institutional clients in all 50 states, with a core focus on depository institutions. Vining Sparks has averaged $150 billion in annual trading volume and generated average annual revenue of nearly $150 million since 2008.DISCLAIMER:  FN Media Group LLC (FNM), which owns and operates Financialnewsmedia.com and MarketNewsUpdates.com, is a third- party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels.  FNM is NOT affiliated in any manner with any company mentioned herein.  FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.  The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material.  All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks.  All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release.  FNM is not liable for any investment decisions by its readers or subscribers.  Investors are cautioned that they may lose all or a portion of their investment when investing in stocks.  For current services performed FNM was compensated twenty five hundred dollars for news coverage of current press release issued by:  Blackboxstocks Inc. by a non-affiliated third party.FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.Contact Information:Media Contact email: editor@financialnewsmedia.com – +1(561)325-8757SOURCE Financialnewsmedia.comThe post Global Online Trading Solutions are Booming While Projected to Reach a Value of $18 Billion by 2027 appeared first on Financial News Media.\nCOMTEX_400076464/2692/2022-01-05T08:45:59","news_type":1},"isVote":1,"tweetType":1,"viewCount":181,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9098194104,"gmtCreate":1644036977149,"gmtModify":1676533885262,"author":{"id":"4104574524141340","authorId":"4104574524141340","name":"Stealth K","avatar":"https://community-static.tradeup.com/news/c936068bf46b451acb891889f1b81d23","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4104574524141340","authorIdStr":"4104574524141340"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9098194104","repostId":"9099186897","repostType":1,"repost":{"id":9099186897,"gmtCreate":1643322014737,"gmtModify":1676533802747,"author":{"id":"4104574524141340","authorId":"4104574524141340","name":"Stealth K","avatar":"https://community-static.tradeup.com/news/c936068bf46b451acb891889f1b81d23","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4104574524141340","authorIdStr":"4104574524141340"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>https://www.bloomberg.com/press-releases/2021-11-11/tiger-brokers-singapore-receive-approvals-from-sgx1. 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