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10-24

Tiger 🐯 shoes

UBS Initiates Buy on UP Fintech With PT of $13 as the Tech-Driven Broker Riding Asia's Wealth Boom

10-23

Tiger 🐯 tigers 🐯 tigers 🐯

UBS Initiates Buy on UP Fintech With PT of $13 as the Tech-Driven Broker Riding Asia's Wealth Boom

07-14

$BigBear.ai Holdings(BBAI)$

07-14

$BigBear.ai Holdings(BBAI)$ big bear will follow palantier step soaring

07-09

$Serve Robotics Inc.(SERV)$ have future have potential up up up 🔝

07-08

Circle ⭕️ re soring rocket 🚀 future link many USD deal -circle ⭕️ great again !

07-03

$Serve Robotics Inc.(SERV)$

07-02

$Palantir Technologies Inc.(PLTR)$ USA defensive will big benefit for palantier... up up up 🔝

07-02

$Circle Internet Corp.(CRCL)$ up ...trump already mentioned circle ⭕️ will link to USD + housing purchase

06-27

$BigBear.ai Holdings(BBAI)$ big bear need hit 1.70 Billions market cap ... 🎯 target on the way !

06-27

Big bear 🐻

Should You Chase BigBear.ai Stock After a 45% Spike?

06-27

$BigBear.ai Holdings(BBAI)$ big bear

06-26

$Serve Robotics Inc.(SERV)$

06-25

$Circle Internet Corp.(CRCL)$ power up 🔝

06-23

$BigBear.ai Holdings(BBAI)$ big bear have future and coming have new contract with USA defensive

06-23

$BigBear.ai Holdings(BBAI)$ big bear 🐻 big bear 🐻 big bear

06-23

$BigBear.ai Holdings(BBAI)$ up 🔝 one way ticket 🎫

06-18

$Direxion Daily TSLA Bull 2X Shares(TSLL)$ new Robotaxi contract

06-17

$Direxion Daily TSLA Bull 2X Shares(TSLL)$

06-17

$Direxion Daily TSLA Bull 2X Shares(TSLL)$ report

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14:14","market":"us","language":"en","title":"UBS Initiates Buy on UP Fintech With PT of $13 as the Tech-Driven Broker Riding Asia's Wealth Boom","url":"https://stock-news.laohu8.com/highlight/detail?id=1142211166","media":"Tiger Newspress","summary":"TIGR, a leading online broker with a global presence, is set to benefit from strong wealth market growth in Hong Kong and Singapore, where investors are increasingly seeking smarter, more...","content":"<p>TIGR, a leading online broker with a global presence, is set to benefit from strong wealth market growth in Hong Kong and Singapore, where investors are increasingly seeking smarter, more cost-effective platforms. 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TIGR’s product depth and pricing edge cater well to overseas investment demand, especially in US equities and derivatives. We think its focus on high-quality clients further supports a margin uplift.</p><h3 id=\"id_2404543223\">Digital assets: Optionality, not dependency</h3><p>TIGR’s digital asset capability may present medium- to long-term upside potential. The digital asset adoption trajectory remains closely tied to regulatory developments, which have been cautious recently. If the regulatory environment in Hong Kong becomes more supportive, we think there could be a modest revenue uplift of 6-7% by 2027. We view digital assets as a complementary lever in the broker's broader platform, rather than a primary long-term growth driver.</p><h3 id=\"id_795194986\">Valuation: Price target of US$13.10 implies 16x 12-month-forward PE</h3><p>Our US$13.10 price target (16x 12-month-forward PE) is based on a three-stage residual income model. We forecast 2024-27 CAGRs of: 1) 13% in the number of funded accounts; 2) 10% in average client AUM; and 3) 17%/45% in revenue/net income, ahead of Visible Alpha consensus (12%; 5%; 15%/34%). Key risks include: 1) further regulatory scrutiny into Mainland China business; 2) slower-than-expected development in Hong Kong; and 3) worse-than-expected market conditions.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/54aba58bf0e2f75c7002a0bc4aaffe90\" tg-width=\"1037\" tg-height=\"309\"></p><h2 id=\"id_1363636467\">Pivotal Questions</h2><p><strong>Q: Can TIGR steadily improve its net margin to 25-30% by 2027?</strong> </p><p>Highly likely. We forecast its net margin to rise from ~16% in 2024 to ~29% by 2027, driven by a ~24% client AUM CAGR. We expect the broker’s tech-led model to scale efficiently to boost operating leverage and underpin margin improvement. We estimate net client asset inflow of US $10.4/6.3/7.1bn in 2025/2026/2027, fuelled by strong client growth and a rising wallet share, especially in Hong Kong and Singapore. TIGR’s comprehensive product suite meets overseas investment demand, as its competitive pricing wins clients and a superior app experience keeps them. As such, we expect TIGR to consistently win share from traditional brokers and banks. We estimate Hong Kong’s share of funded accounts/client AUM to double/triple to ~11%/19% by 2027 (Q225: ~5%/6%), while Singapore remains its core market (~50% of paying clients, ~40% of retail AUM). The broker’s focus on high-quality clients may further support margin gains. </p><p><strong>Q: Will the digital asset business become a meaningful revenue contributor?</strong> </p><p>More likely in the medium to long term (ie, post-2027). Drawing on developments in the US, digital assets may offer incremental avenues for growth and margin opportunities stemming from: 1) higher trading velocity and commission rates in digital spot markets relative to traditional cash equities; 2) broader monetization potential across the ecosystem; and 3) possible client asset inflow acceleration. TIGR has built comprehensive digital asset infrastructure and is gaining traction among investors. That said, the pace of adoption in Hong Kong remains closely linked to regulatory developments, which currently appear cautious. If the regulatory environment turns more constructive, we think there could be a modest revenue uplift of 6-7% by 2027.</p><h2 id=\"id_1473486490\">UBS VIEW</h2><p>We initiate coverage with a Buy rating. Backed by a competitive product suite and a tech-driven model, TIGR is well positioned to capture market share in the two fast-growing wealth hubs of Hong Kong and Singapore. The growth story is clear: rapid client acquisition, deepening wallet share and improving profitability. Digital asset-related activity is an emerging area with long-term potential, rather than immediate upside.</p><h2 id=\"id_4245852216\">EVIDENCE</h2><p>Based on a UBS Global Wealth Report, in 2024 Hong Kong/Singapore account for 0.8%/0.5% of global personal wealth, 10th/11th globally. Average/median wealth per adult has reached US $601k/222k in Hong Kong and US$442k/114k in Singapore. In Q225, TIGR’s newly acquired clients in those markets each brought in ~US$30k, on average (overall average: US$20k), driving 50% and 20% QoQ growth in client AUM in Hong Kong and Singapore. In terms of digital assets, spot trading shows annualized velocity (&gt;7x) far above that in most traditional stock markets (UBSe: 0.3-2.2x).</p><h2 id=\"id_1543338594\">WHAT´S PRICED IN?</h2><p>We believe TIGR’s margin upside and client AUM growth are underestimated. We forecast net margin to reach ~29% by 2027, driven by a ~24% CAGR in client AUM, ahead of Visible Alpha consensus (~25% margin, ~17% CAGR). TIGR is trading at ~12x 12-month-forward PE, likely implying a mid-teens CAGR in client AUM in 2024-27. Our price target of US$13.10 implies 16x 12- month-forward PE.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/07f75ca99f34ca26ccfa7e45cc77529f\" tg-width=\"786\" tg-height=\"396\"></p><h2 id=\"id_3789949466\">Company Description</h2><p>TIGR is a leading online brokerage, offering a proprietary mobile and web platform for global trading across equities and financial instruments. Powered by advanced technology, TIGR enables seamless trading across multiple currencies, markets, products, execution venues and clearinghouses.</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>UBS Initiates Buy on UP Fintech With PT of $13 as the Tech-Driven Broker Riding Asia's Wealth Boom</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\">\nUBS Initiates Buy on UP Fintech With PT of $13 as the Tech-Driven Broker Riding Asia's Wealth Boom\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\">2025-10-23 14:14</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>TIGR, a leading online broker with a global presence, is set to benefit from strong wealth market growth in Hong Kong and Singapore, where investors are increasingly seeking smarter, more cost-effective platforms. With its full suite of products and competitive pricing, UBS think TIGR looks well positioned to win share from traditional institutions. Its tech-first brokerage model may enable high operating leverage, translating into rapid bottom-line growth and margin improvement as client AUM scales. UBS find the story compelling: fast client acquisition, expanding wallet share and improving margins, along with untapped upside potential from digital assets.</p><h3 id=\"id_1187261412\">Margin expansion powered by AUM growth</h3><p>UBS expect TIGR’s net margin to rise from ~16% in 2024 to ~29% by 2027, driven by a ~24% client AUM CAGR. Net client asset inflow of US$10.4/6.3/7.1bn in 2025E/2026E/2027E could be supported by strong traction in Hong Kong and Singapore. We expect Hong Kong’s share of funded accounts/client AUM to double/triple by 2027. Singapore remains TIGR's anchor market, contributing around half of its clients and ~40% of client AUM. TIGR’s product depth and pricing edge cater well to overseas investment demand, especially in US equities and derivatives. We think its focus on high-quality clients further supports a margin uplift.</p><h3 id=\"id_2404543223\">Digital assets: Optionality, not dependency</h3><p>TIGR’s digital asset capability may present medium- to long-term upside potential. The digital asset adoption trajectory remains closely tied to regulatory developments, which have been cautious recently. If the regulatory environment in Hong Kong becomes more supportive, we think there could be a modest revenue uplift of 6-7% by 2027. We view digital assets as a complementary lever in the broker's broader platform, rather than a primary long-term growth driver.</p><h3 id=\"id_795194986\">Valuation: Price target of US$13.10 implies 16x 12-month-forward PE</h3><p>Our US$13.10 price target (16x 12-month-forward PE) is based on a three-stage residual income model. We forecast 2024-27 CAGRs of: 1) 13% in the number of funded accounts; 2) 10% in average client AUM; and 3) 17%/45% in revenue/net income, ahead of Visible Alpha consensus (12%; 5%; 15%/34%). Key risks include: 1) further regulatory scrutiny into Mainland China business; 2) slower-than-expected development in Hong Kong; and 3) worse-than-expected market conditions.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/54aba58bf0e2f75c7002a0bc4aaffe90\" tg-width=\"1037\" tg-height=\"309\"></p><h2 id=\"id_1363636467\">Pivotal Questions</h2><p><strong>Q: Can TIGR steadily improve its net margin to 25-30% by 2027?</strong> </p><p>Highly likely. We forecast its net margin to rise from ~16% in 2024 to ~29% by 2027, driven by a ~24% client AUM CAGR. We expect the broker’s tech-led model to scale efficiently to boost operating leverage and underpin margin improvement. We estimate net client asset inflow of US $10.4/6.3/7.1bn in 2025/2026/2027, fuelled by strong client growth and a rising wallet share, especially in Hong Kong and Singapore. TIGR’s comprehensive product suite meets overseas investment demand, as its competitive pricing wins clients and a superior app experience keeps them. As such, we expect TIGR to consistently win share from traditional brokers and banks. We estimate Hong Kong’s share of funded accounts/client AUM to double/triple to ~11%/19% by 2027 (Q225: ~5%/6%), while Singapore remains its core market (~50% of paying clients, ~40% of retail AUM). The broker’s focus on high-quality clients may further support margin gains. </p><p><strong>Q: Will the digital asset business become a meaningful revenue contributor?</strong> </p><p>More likely in the medium to long term (ie, post-2027). Drawing on developments in the US, digital assets may offer incremental avenues for growth and margin opportunities stemming from: 1) higher trading velocity and commission rates in digital spot markets relative to traditional cash equities; 2) broader monetization potential across the ecosystem; and 3) possible client asset inflow acceleration. TIGR has built comprehensive digital asset infrastructure and is gaining traction among investors. That said, the pace of adoption in Hong Kong remains closely linked to regulatory developments, which currently appear cautious. If the regulatory environment turns more constructive, we think there could be a modest revenue uplift of 6-7% by 2027.</p><h2 id=\"id_1473486490\">UBS VIEW</h2><p>We initiate coverage with a Buy rating. Backed by a competitive product suite and a tech-driven model, TIGR is well positioned to capture market share in the two fast-growing wealth hubs of Hong Kong and Singapore. The growth story is clear: rapid client acquisition, deepening wallet share and improving profitability. Digital asset-related activity is an emerging area with long-term potential, rather than immediate upside.</p><h2 id=\"id_4245852216\">EVIDENCE</h2><p>Based on a UBS Global Wealth Report, in 2024 Hong Kong/Singapore account for 0.8%/0.5% of global personal wealth, 10th/11th globally. Average/median wealth per adult has reached US $601k/222k in Hong Kong and US$442k/114k in Singapore. In Q225, TIGR’s newly acquired clients in those markets each brought in ~US$30k, on average (overall average: US$20k), driving 50% and 20% QoQ growth in client AUM in Hong Kong and Singapore. In terms of digital assets, spot trading shows annualized velocity (&gt;7x) far above that in most traditional stock markets (UBSe: 0.3-2.2x).</p><h2 id=\"id_1543338594\">WHAT´S PRICED IN?</h2><p>We believe TIGR’s margin upside and client AUM growth are underestimated. We forecast net margin to reach ~29% by 2027, driven by a ~24% CAGR in client AUM, ahead of Visible Alpha consensus (~25% margin, ~17% CAGR). TIGR is trading at ~12x 12-month-forward PE, likely implying a mid-teens CAGR in client AUM in 2024-27. Our price target of US$13.10 implies 16x 12- month-forward PE.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/07f75ca99f34ca26ccfa7e45cc77529f\" tg-width=\"786\" tg-height=\"396\"></p><h2 id=\"id_3789949466\">Company Description</h2><p>TIGR is a leading online brokerage, offering a proprietary mobile and web platform for global trading across equities and financial instruments. Powered by advanced technology, TIGR enables seamless trading across multiple currencies, markets, products, execution venues and clearinghouses.</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":"1142211166","content_text":"TIGR, a leading online broker with a global presence, is set to benefit from strong wealth market growth in Hong Kong and Singapore, where investors are increasingly seeking smarter, more cost-effective platforms. With its full suite of products and competitive pricing, UBS think TIGR looks well positioned to win share from traditional institutions. Its tech-first brokerage model may enable high operating leverage, translating into rapid bottom-line growth and margin improvement as client AUM scales. UBS find the story compelling: fast client acquisition, expanding wallet share and improving margins, along with untapped upside potential from digital assets.Margin expansion powered by AUM growthUBS expect TIGR’s net margin to rise from ~16% in 2024 to ~29% by 2027, driven by a ~24% client AUM CAGR. Net client asset inflow of US$10.4/6.3/7.1bn in 2025E/2026E/2027E could be supported by strong traction in Hong Kong and Singapore. We expect Hong Kong’s share of funded accounts/client AUM to double/triple by 2027. Singapore remains TIGR's anchor market, contributing around half of its clients and ~40% of client AUM. TIGR’s product depth and pricing edge cater well to overseas investment demand, especially in US equities and derivatives. We think its focus on high-quality clients further supports a margin uplift.Digital assets: Optionality, not dependencyTIGR’s digital asset capability may present medium- to long-term upside potential. The digital asset adoption trajectory remains closely tied to regulatory developments, which have been cautious recently. If the regulatory environment in Hong Kong becomes more supportive, we think there could be a modest revenue uplift of 6-7% by 2027. We view digital assets as a complementary lever in the broker's broader platform, rather than a primary long-term growth driver.Valuation: Price target of US$13.10 implies 16x 12-month-forward PEOur US$13.10 price target (16x 12-month-forward PE) is based on a three-stage residual income model. We forecast 2024-27 CAGRs of: 1) 13% in the number of funded accounts; 2) 10% in average client AUM; and 3) 17%/45% in revenue/net income, ahead of Visible Alpha consensus (12%; 5%; 15%/34%). Key risks include: 1) further regulatory scrutiny into Mainland China business; 2) slower-than-expected development in Hong Kong; and 3) worse-than-expected market conditions.Pivotal QuestionsQ: Can TIGR steadily improve its net margin to 25-30% by 2027? Highly likely. We forecast its net margin to rise from ~16% in 2024 to ~29% by 2027, driven by a ~24% client AUM CAGR. We expect the broker’s tech-led model to scale efficiently to boost operating leverage and underpin margin improvement. We estimate net client asset inflow of US $10.4/6.3/7.1bn in 2025/2026/2027, fuelled by strong client growth and a rising wallet share, especially in Hong Kong and Singapore. TIGR’s comprehensive product suite meets overseas investment demand, as its competitive pricing wins clients and a superior app experience keeps them. As such, we expect TIGR to consistently win share from traditional brokers and banks. We estimate Hong Kong’s share of funded accounts/client AUM to double/triple to ~11%/19% by 2027 (Q225: ~5%/6%), while Singapore remains its core market (~50% of paying clients, ~40% of retail AUM). The broker’s focus on high-quality clients may further support margin gains. Q: Will the digital asset business become a meaningful revenue contributor? More likely in the medium to long term (ie, post-2027). Drawing on developments in the US, digital assets may offer incremental avenues for growth and margin opportunities stemming from: 1) higher trading velocity and commission rates in digital spot markets relative to traditional cash equities; 2) broader monetization potential across the ecosystem; and 3) possible client asset inflow acceleration. TIGR has built comprehensive digital asset infrastructure and is gaining traction among investors. That said, the pace of adoption in Hong Kong remains closely linked to regulatory developments, which currently appear cautious. If the regulatory environment turns more constructive, we think there could be a modest revenue uplift of 6-7% by 2027.UBS VIEWWe initiate coverage with a Buy rating. Backed by a competitive product suite and a tech-driven model, TIGR is well positioned to capture market share in the two fast-growing wealth hubs of Hong Kong and Singapore. The growth story is clear: rapid client acquisition, deepening wallet share and improving profitability. Digital asset-related activity is an emerging area with long-term potential, rather than immediate upside.EVIDENCEBased on a UBS Global Wealth Report, in 2024 Hong Kong/Singapore account for 0.8%/0.5% of global personal wealth, 10th/11th globally. Average/median wealth per adult has reached US $601k/222k in Hong Kong and US$442k/114k in Singapore. In Q225, TIGR’s newly acquired clients in those markets each brought in ~US$30k, on average (overall average: US$20k), driving 50% and 20% QoQ growth in client AUM in Hong Kong and Singapore. In terms of digital assets, spot trading shows annualized velocity (>7x) far above that in most traditional stock markets (UBSe: 0.3-2.2x).WHAT´S PRICED IN?We believe TIGR’s margin upside and client AUM growth are underestimated. We forecast net margin to reach ~29% by 2027, driven by a ~24% CAGR in client AUM, ahead of Visible Alpha consensus (~25% margin, ~17% CAGR). TIGR is trading at ~12x 12-month-forward PE, likely implying a mid-teens CAGR in client AUM in 2024-27. Our price target of US$13.10 implies 16x 12- month-forward PE.Company DescriptionTIGR is a leading online brokerage, offering a proprietary mobile and web platform for global trading across equities and financial instruments. Powered by advanced technology, TIGR enables seamless trading across multiple currencies, markets, products, execution venues and clearinghouses.","news_type":1,"symbols_score_info":{"TIGR":1.1}},"isVote":1,"tweetType":1,"viewCount":347,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":492374521897376,"gmtCreate":1761231185620,"gmtModify":1761231189243,"author":{"id":"4177551220892972","authorId":"4177551220892972","name":"Richard low","avatar":"https://community-static.tradeup.com/news/5af3ffd559f9b19c1a8f53864a65332c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4177551220892972","idStr":"4177551220892972"},"themes":[],"htmlText":"Tiger 🐯 tigers 🐯 tigers 🐯&nbsp;","listText":"Tiger 🐯 tigers 🐯 tigers 🐯&nbsp;","text":"Tiger 🐯 tigers 🐯 tigers 🐯","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/492374521897376","repostId":"1142211166","repostType":2,"repost":{"id":"1142211166","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":1761200043,"share":"https://ttm.financial/m/news/1142211166?lang=&edition=fundamental","pubTime":"2025-10-23 14:14","market":"us","language":"en","title":"UBS Initiates Buy on UP Fintech With PT of $13 as the Tech-Driven Broker Riding Asia's Wealth Boom","url":"https://stock-news.laohu8.com/highlight/detail?id=1142211166","media":"Tiger Newspress","summary":"TIGR, a leading online broker with a global presence, is set to benefit from strong wealth market growth in Hong Kong and Singapore, where investors are increasingly seeking smarter, more...","content":"<p>TIGR, a leading online broker with a global presence, is set to benefit from strong wealth market growth in Hong Kong and Singapore, where investors are increasingly seeking smarter, more cost-effective platforms. With its full suite of products and competitive pricing, UBS think TIGR looks well positioned to win share from traditional institutions. Its tech-first brokerage model may enable high operating leverage, translating into rapid bottom-line growth and margin improvement as client AUM scales. UBS find the story compelling: fast client acquisition, expanding wallet share and improving margins, along with untapped upside potential from digital assets.</p><h3 id=\"id_1187261412\">Margin expansion powered by AUM growth</h3><p>UBS expect TIGR’s net margin to rise from ~16% in 2024 to ~29% by 2027, driven by a ~24% client AUM CAGR. Net client asset inflow of US$10.4/6.3/7.1bn in 2025E/2026E/2027E could be supported by strong traction in Hong Kong and Singapore. We expect Hong Kong’s share of funded accounts/client AUM to double/triple by 2027. Singapore remains TIGR's anchor market, contributing around half of its clients and ~40% of client AUM. TIGR’s product depth and pricing edge cater well to overseas investment demand, especially in US equities and derivatives. We think its focus on high-quality clients further supports a margin uplift.</p><h3 id=\"id_2404543223\">Digital assets: Optionality, not dependency</h3><p>TIGR’s digital asset capability may present medium- to long-term upside potential. The digital asset adoption trajectory remains closely tied to regulatory developments, which have been cautious recently. If the regulatory environment in Hong Kong becomes more supportive, we think there could be a modest revenue uplift of 6-7% by 2027. We view digital assets as a complementary lever in the broker's broader platform, rather than a primary long-term growth driver.</p><h3 id=\"id_795194986\">Valuation: Price target of US$13.10 implies 16x 12-month-forward PE</h3><p>Our US$13.10 price target (16x 12-month-forward PE) is based on a three-stage residual income model. We forecast 2024-27 CAGRs of: 1) 13% in the number of funded accounts; 2) 10% in average client AUM; and 3) 17%/45% in revenue/net income, ahead of Visible Alpha consensus (12%; 5%; 15%/34%). Key risks include: 1) further regulatory scrutiny into Mainland China business; 2) slower-than-expected development in Hong Kong; and 3) worse-than-expected market conditions.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/54aba58bf0e2f75c7002a0bc4aaffe90\" tg-width=\"1037\" tg-height=\"309\"></p><h2 id=\"id_1363636467\">Pivotal Questions</h2><p><strong>Q: Can TIGR steadily improve its net margin to 25-30% by 2027?</strong> </p><p>Highly likely. We forecast its net margin to rise from ~16% in 2024 to ~29% by 2027, driven by a ~24% client AUM CAGR. We expect the broker’s tech-led model to scale efficiently to boost operating leverage and underpin margin improvement. We estimate net client asset inflow of US $10.4/6.3/7.1bn in 2025/2026/2027, fuelled by strong client growth and a rising wallet share, especially in Hong Kong and Singapore. TIGR’s comprehensive product suite meets overseas investment demand, as its competitive pricing wins clients and a superior app experience keeps them. As such, we expect TIGR to consistently win share from traditional brokers and banks. We estimate Hong Kong’s share of funded accounts/client AUM to double/triple to ~11%/19% by 2027 (Q225: ~5%/6%), while Singapore remains its core market (~50% of paying clients, ~40% of retail AUM). The broker’s focus on high-quality clients may further support margin gains. </p><p><strong>Q: Will the digital asset business become a meaningful revenue contributor?</strong> </p><p>More likely in the medium to long term (ie, post-2027). Drawing on developments in the US, digital assets may offer incremental avenues for growth and margin opportunities stemming from: 1) higher trading velocity and commission rates in digital spot markets relative to traditional cash equities; 2) broader monetization potential across the ecosystem; and 3) possible client asset inflow acceleration. TIGR has built comprehensive digital asset infrastructure and is gaining traction among investors. That said, the pace of adoption in Hong Kong remains closely linked to regulatory developments, which currently appear cautious. If the regulatory environment turns more constructive, we think there could be a modest revenue uplift of 6-7% by 2027.</p><h2 id=\"id_1473486490\">UBS VIEW</h2><p>We initiate coverage with a Buy rating. Backed by a competitive product suite and a tech-driven model, TIGR is well positioned to capture market share in the two fast-growing wealth hubs of Hong Kong and Singapore. The growth story is clear: rapid client acquisition, deepening wallet share and improving profitability. Digital asset-related activity is an emerging area with long-term potential, rather than immediate upside.</p><h2 id=\"id_4245852216\">EVIDENCE</h2><p>Based on a UBS Global Wealth Report, in 2024 Hong Kong/Singapore account for 0.8%/0.5% of global personal wealth, 10th/11th globally. Average/median wealth per adult has reached US $601k/222k in Hong Kong and US$442k/114k in Singapore. In Q225, TIGR’s newly acquired clients in those markets each brought in ~US$30k, on average (overall average: US$20k), driving 50% and 20% QoQ growth in client AUM in Hong Kong and Singapore. In terms of digital assets, spot trading shows annualized velocity (&gt;7x) far above that in most traditional stock markets (UBSe: 0.3-2.2x).</p><h2 id=\"id_1543338594\">WHAT´S PRICED IN?</h2><p>We believe TIGR’s margin upside and client AUM growth are underestimated. We forecast net margin to reach ~29% by 2027, driven by a ~24% CAGR in client AUM, ahead of Visible Alpha consensus (~25% margin, ~17% CAGR). TIGR is trading at ~12x 12-month-forward PE, likely implying a mid-teens CAGR in client AUM in 2024-27. Our price target of US$13.10 implies 16x 12- month-forward PE.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/07f75ca99f34ca26ccfa7e45cc77529f\" tg-width=\"786\" tg-height=\"396\"></p><h2 id=\"id_3789949466\">Company Description</h2><p>TIGR is a leading online brokerage, offering a proprietary mobile and web platform for global trading across equities and financial instruments. Powered by advanced technology, TIGR enables seamless trading across multiple currencies, markets, products, execution venues and clearinghouses.</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>UBS Initiates Buy on UP Fintech With PT of $13 as the Tech-Driven Broker Riding Asia's Wealth Boom</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\">\nUBS Initiates Buy on UP Fintech With PT of $13 as the Tech-Driven Broker Riding Asia's Wealth Boom\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\">2025-10-23 14:14</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>TIGR, a leading online broker with a global presence, is set to benefit from strong wealth market growth in Hong Kong and Singapore, where investors are increasingly seeking smarter, more cost-effective platforms. With its full suite of products and competitive pricing, UBS think TIGR looks well positioned to win share from traditional institutions. Its tech-first brokerage model may enable high operating leverage, translating into rapid bottom-line growth and margin improvement as client AUM scales. UBS find the story compelling: fast client acquisition, expanding wallet share and improving margins, along with untapped upside potential from digital assets.</p><h3 id=\"id_1187261412\">Margin expansion powered by AUM growth</h3><p>UBS expect TIGR’s net margin to rise from ~16% in 2024 to ~29% by 2027, driven by a ~24% client AUM CAGR. Net client asset inflow of US$10.4/6.3/7.1bn in 2025E/2026E/2027E could be supported by strong traction in Hong Kong and Singapore. We expect Hong Kong’s share of funded accounts/client AUM to double/triple by 2027. Singapore remains TIGR's anchor market, contributing around half of its clients and ~40% of client AUM. TIGR’s product depth and pricing edge cater well to overseas investment demand, especially in US equities and derivatives. We think its focus on high-quality clients further supports a margin uplift.</p><h3 id=\"id_2404543223\">Digital assets: Optionality, not dependency</h3><p>TIGR’s digital asset capability may present medium- to long-term upside potential. The digital asset adoption trajectory remains closely tied to regulatory developments, which have been cautious recently. If the regulatory environment in Hong Kong becomes more supportive, we think there could be a modest revenue uplift of 6-7% by 2027. We view digital assets as a complementary lever in the broker's broader platform, rather than a primary long-term growth driver.</p><h3 id=\"id_795194986\">Valuation: Price target of US$13.10 implies 16x 12-month-forward PE</h3><p>Our US$13.10 price target (16x 12-month-forward PE) is based on a three-stage residual income model. We forecast 2024-27 CAGRs of: 1) 13% in the number of funded accounts; 2) 10% in average client AUM; and 3) 17%/45% in revenue/net income, ahead of Visible Alpha consensus (12%; 5%; 15%/34%). Key risks include: 1) further regulatory scrutiny into Mainland China business; 2) slower-than-expected development in Hong Kong; and 3) worse-than-expected market conditions.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/54aba58bf0e2f75c7002a0bc4aaffe90\" tg-width=\"1037\" tg-height=\"309\"></p><h2 id=\"id_1363636467\">Pivotal Questions</h2><p><strong>Q: Can TIGR steadily improve its net margin to 25-30% by 2027?</strong> </p><p>Highly likely. We forecast its net margin to rise from ~16% in 2024 to ~29% by 2027, driven by a ~24% client AUM CAGR. We expect the broker’s tech-led model to scale efficiently to boost operating leverage and underpin margin improvement. We estimate net client asset inflow of US $10.4/6.3/7.1bn in 2025/2026/2027, fuelled by strong client growth and a rising wallet share, especially in Hong Kong and Singapore. TIGR’s comprehensive product suite meets overseas investment demand, as its competitive pricing wins clients and a superior app experience keeps them. As such, we expect TIGR to consistently win share from traditional brokers and banks. We estimate Hong Kong’s share of funded accounts/client AUM to double/triple to ~11%/19% by 2027 (Q225: ~5%/6%), while Singapore remains its core market (~50% of paying clients, ~40% of retail AUM). The broker’s focus on high-quality clients may further support margin gains. </p><p><strong>Q: Will the digital asset business become a meaningful revenue contributor?</strong> </p><p>More likely in the medium to long term (ie, post-2027). Drawing on developments in the US, digital assets may offer incremental avenues for growth and margin opportunities stemming from: 1) higher trading velocity and commission rates in digital spot markets relative to traditional cash equities; 2) broader monetization potential across the ecosystem; and 3) possible client asset inflow acceleration. TIGR has built comprehensive digital asset infrastructure and is gaining traction among investors. That said, the pace of adoption in Hong Kong remains closely linked to regulatory developments, which currently appear cautious. If the regulatory environment turns more constructive, we think there could be a modest revenue uplift of 6-7% by 2027.</p><h2 id=\"id_1473486490\">UBS VIEW</h2><p>We initiate coverage with a Buy rating. Backed by a competitive product suite and a tech-driven model, TIGR is well positioned to capture market share in the two fast-growing wealth hubs of Hong Kong and Singapore. The growth story is clear: rapid client acquisition, deepening wallet share and improving profitability. Digital asset-related activity is an emerging area with long-term potential, rather than immediate upside.</p><h2 id=\"id_4245852216\">EVIDENCE</h2><p>Based on a UBS Global Wealth Report, in 2024 Hong Kong/Singapore account for 0.8%/0.5% of global personal wealth, 10th/11th globally. Average/median wealth per adult has reached US $601k/222k in Hong Kong and US$442k/114k in Singapore. In Q225, TIGR’s newly acquired clients in those markets each brought in ~US$30k, on average (overall average: US$20k), driving 50% and 20% QoQ growth in client AUM in Hong Kong and Singapore. In terms of digital assets, spot trading shows annualized velocity (&gt;7x) far above that in most traditional stock markets (UBSe: 0.3-2.2x).</p><h2 id=\"id_1543338594\">WHAT´S PRICED IN?</h2><p>We believe TIGR’s margin upside and client AUM growth are underestimated. We forecast net margin to reach ~29% by 2027, driven by a ~24% CAGR in client AUM, ahead of Visible Alpha consensus (~25% margin, ~17% CAGR). TIGR is trading at ~12x 12-month-forward PE, likely implying a mid-teens CAGR in client AUM in 2024-27. Our price target of US$13.10 implies 16x 12- month-forward PE.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/07f75ca99f34ca26ccfa7e45cc77529f\" tg-width=\"786\" tg-height=\"396\"></p><h2 id=\"id_3789949466\">Company Description</h2><p>TIGR is a leading online brokerage, offering a proprietary mobile and web platform for global trading across equities and financial instruments. Powered by advanced technology, TIGR enables seamless trading across multiple currencies, markets, products, execution venues and clearinghouses.</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":"1142211166","content_text":"TIGR, a leading online broker with a global presence, is set to benefit from strong wealth market growth in Hong Kong and Singapore, where investors are increasingly seeking smarter, more cost-effective platforms. With its full suite of products and competitive pricing, UBS think TIGR looks well positioned to win share from traditional institutions. Its tech-first brokerage model may enable high operating leverage, translating into rapid bottom-line growth and margin improvement as client AUM scales. UBS find the story compelling: fast client acquisition, expanding wallet share and improving margins, along with untapped upside potential from digital assets.Margin expansion powered by AUM growthUBS expect TIGR’s net margin to rise from ~16% in 2024 to ~29% by 2027, driven by a ~24% client AUM CAGR. Net client asset inflow of US$10.4/6.3/7.1bn in 2025E/2026E/2027E could be supported by strong traction in Hong Kong and Singapore. We expect Hong Kong’s share of funded accounts/client AUM to double/triple by 2027. Singapore remains TIGR's anchor market, contributing around half of its clients and ~40% of client AUM. TIGR’s product depth and pricing edge cater well to overseas investment demand, especially in US equities and derivatives. We think its focus on high-quality clients further supports a margin uplift.Digital assets: Optionality, not dependencyTIGR’s digital asset capability may present medium- to long-term upside potential. The digital asset adoption trajectory remains closely tied to regulatory developments, which have been cautious recently. If the regulatory environment in Hong Kong becomes more supportive, we think there could be a modest revenue uplift of 6-7% by 2027. We view digital assets as a complementary lever in the broker's broader platform, rather than a primary long-term growth driver.Valuation: Price target of US$13.10 implies 16x 12-month-forward PEOur US$13.10 price target (16x 12-month-forward PE) is based on a three-stage residual income model. We forecast 2024-27 CAGRs of: 1) 13% in the number of funded accounts; 2) 10% in average client AUM; and 3) 17%/45% in revenue/net income, ahead of Visible Alpha consensus (12%; 5%; 15%/34%). Key risks include: 1) further regulatory scrutiny into Mainland China business; 2) slower-than-expected development in Hong Kong; and 3) worse-than-expected market conditions.Pivotal QuestionsQ: Can TIGR steadily improve its net margin to 25-30% by 2027? Highly likely. We forecast its net margin to rise from ~16% in 2024 to ~29% by 2027, driven by a ~24% client AUM CAGR. We expect the broker’s tech-led model to scale efficiently to boost operating leverage and underpin margin improvement. We estimate net client asset inflow of US $10.4/6.3/7.1bn in 2025/2026/2027, fuelled by strong client growth and a rising wallet share, especially in Hong Kong and Singapore. TIGR’s comprehensive product suite meets overseas investment demand, as its competitive pricing wins clients and a superior app experience keeps them. As such, we expect TIGR to consistently win share from traditional brokers and banks. We estimate Hong Kong’s share of funded accounts/client AUM to double/triple to ~11%/19% by 2027 (Q225: ~5%/6%), while Singapore remains its core market (~50% of paying clients, ~40% of retail AUM). The broker’s focus on high-quality clients may further support margin gains. Q: Will the digital asset business become a meaningful revenue contributor? More likely in the medium to long term (ie, post-2027). Drawing on developments in the US, digital assets may offer incremental avenues for growth and margin opportunities stemming from: 1) higher trading velocity and commission rates in digital spot markets relative to traditional cash equities; 2) broader monetization potential across the ecosystem; and 3) possible client asset inflow acceleration. TIGR has built comprehensive digital asset infrastructure and is gaining traction among investors. That said, the pace of adoption in Hong Kong remains closely linked to regulatory developments, which currently appear cautious. If the regulatory environment turns more constructive, we think there could be a modest revenue uplift of 6-7% by 2027.UBS VIEWWe initiate coverage with a Buy rating. Backed by a competitive product suite and a tech-driven model, TIGR is well positioned to capture market share in the two fast-growing wealth hubs of Hong Kong and Singapore. The growth story is clear: rapid client acquisition, deepening wallet share and improving profitability. Digital asset-related activity is an emerging area with long-term potential, rather than immediate upside.EVIDENCEBased on a UBS Global Wealth Report, in 2024 Hong Kong/Singapore account for 0.8%/0.5% of global personal wealth, 10th/11th globally. Average/median wealth per adult has reached US $601k/222k in Hong Kong and US$442k/114k in Singapore. In Q225, TIGR’s newly acquired clients in those markets each brought in ~US$30k, on average (overall average: US$20k), driving 50% and 20% QoQ growth in client AUM in Hong Kong and Singapore. In terms of digital assets, spot trading shows annualized velocity (>7x) far above that in most traditional stock markets (UBSe: 0.3-2.2x).WHAT´S PRICED IN?We believe TIGR’s margin upside and client AUM growth are underestimated. We forecast net margin to reach ~29% by 2027, driven by a ~24% CAGR in client AUM, ahead of Visible Alpha consensus (~25% margin, ~17% CAGR). TIGR is trading at ~12x 12-month-forward PE, likely implying a mid-teens CAGR in client AUM in 2024-27. Our price target of US$13.10 implies 16x 12- month-forward PE.Company DescriptionTIGR is a leading online brokerage, offering a proprietary mobile and web platform for global trading across equities and financial instruments. Powered by advanced technology, TIGR enables seamless trading across multiple currencies, markets, products, execution venues and clearinghouses.","news_type":1,"symbols_score_info":{"TIGR":1.1}},"isVote":1,"tweetType":1,"viewCount":220,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":456612675715128,"gmtCreate":1752486290814,"gmtModify":1752486294580,"author":{"id":"4177551220892972","authorId":"4177551220892972","name":"Richard low","avatar":"https://community-static.tradeup.com/news/5af3ffd559f9b19c1a8f53864a65332c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4177551220892972","idStr":"4177551220892972"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/BBAI\">$BigBear.ai Holdings(BBAI)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;","listText":"<a href=\"https://ttm.financial/S/BBAI\">$BigBear.ai Holdings(BBAI)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;","text":"$BigBear.ai 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href=\"https://ttm.financial/S/BBAI\">$BigBear.ai Holdings(BBAI)$&nbsp;</a><v-v data-views=\"1\"></v-v> big bear will follow palantier step soaring&nbsp;","text":"$BigBear.ai Holdings(BBAI)$ big bear will follow palantier step soaring","images":[{"img":"https://community-static.tradeup.com/news/2f0643134143639de1bbc9c044d51e6b","width":"3024","height":"4032"},{"img":"https://community-static.tradeup.com/news/895814086f2caf0e4e6508e21842634b","width":"3024","height":"4032"},{"img":"https://community-static.tradeup.com/news/53647c0d5b9091639f1e89caa69a65e8","width":"3024","height":"4032"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/456384670101752","isVote":1,"tweetType":1,"viewCount":849,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":3,"langContent":"EN","totalScore":0},{"id":454847052206312,"gmtCreate":1752064603413,"gmtModify":1752064606353,"author":{"id":"4177551220892972","authorId":"4177551220892972","name":"Richard low","avatar":"https://community-static.tradeup.com/news/5af3ffd559f9b19c1a8f53864a65332c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4177551220892972","idStr":"4177551220892972"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SERV\">$Serve Robotics Inc.(SERV)$&nbsp;</a><v-v data-views=\"1\"></v-v> have future have potential up up up 🔝&nbsp;","listText":"<a href=\"https://ttm.financial/S/SERV\">$Serve Robotics Inc.(SERV)$&nbsp;</a><v-v data-views=\"1\"></v-v> have future have potential up up up 🔝&nbsp;","text":"$Serve Robotics Inc.(SERV)$ have future have potential up up up 🔝","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/454847052206312","isVote":1,"tweetType":1,"viewCount":848,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":454406205202456,"gmtCreate":1751969326343,"gmtModify":1751969330111,"author":{"id":"4177551220892972","authorId":"4177551220892972","name":"Richard low","avatar":"https://community-static.tradeup.com/news/5af3ffd559f9b19c1a8f53864a65332c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4177551220892972","idStr":"4177551220892972"},"themes":[],"htmlText":"Circle ⭕️ re soring rocket 🚀 future link many USD deal -circle ⭕️ great again !","listText":"Circle ⭕️ re soring rocket 🚀 future link many USD deal -circle ⭕️ great again !","text":"Circle ⭕️ re soring rocket 🚀 future link many USD deal -circle ⭕️ great again 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Inc.(SERV)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/452417054368032","isVote":1,"tweetType":1,"viewCount":771,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":452301391868024,"gmtCreate":1751431072659,"gmtModify":1751431077454,"author":{"id":"4177551220892972","authorId":"4177551220892972","name":"Richard low","avatar":"https://community-static.tradeup.com/news/5af3ffd559f9b19c1a8f53864a65332c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4177551220892972","idStr":"4177551220892972"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/PLTR\">$Palantir Technologies Inc.(PLTR)$&nbsp;</a><v-v data-views=\"1\"></v-v> USA defensive will big benefit for palantier... up up up 🔝&nbsp;","listText":"<a href=\"https://ttm.financial/S/PLTR\">$Palantir Technologies Inc.(PLTR)$&nbsp;</a><v-v 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href=\"https://ttm.financial/S/CRCL\">$Circle Internet Corp.(CRCL)$</a> up ...trump already mentioned circle ⭕️ will link to USD + housing purchase&nbsp;","listText":"<a href=\"https://ttm.financial/S/CRCL\">$Circle Internet Corp.(CRCL)$</a> up ...trump already mentioned circle ⭕️ will link to USD + housing purchase&nbsp;","text":"$Circle Internet Corp.(CRCL)$ up ...trump already mentioned circle ⭕️ will link to USD + housing purchase","images":[{"img":"https://community-static.tradeup.com/news/4cd10a180942a1d38166357b559aa9c5","width":"1290","height":"2832"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":56,"commentSize":2,"repostSize":463,"link":"https://ttm.financial/post/452105163038752","isVote":1,"tweetType":1,"viewCount":13381,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"10000000000010931","authorId":"10000000000010931","name":"JackQuant","avatar":"https://community-static.tradeup.com/news/529965026567a58deacbc19e2270c9d2","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"10000000000010931","idStr":"10000000000010931"},"content":"The adjustment of price is an opportunity to buy in.🐂","text":"The adjustment of price is an opportunity to buy in.🐂","html":"The adjustment of price is an opportunity to buy in.🐂"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":450521550201416,"gmtCreate":1751016304927,"gmtModify":1751016310198,"author":{"id":"4177551220892972","authorId":"4177551220892972","name":"Richard low","avatar":"https://community-static.tradeup.com/news/5af3ffd559f9b19c1a8f53864a65332c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4177551220892972","idStr":"4177551220892972"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/BBAI\">$BigBear.ai Holdings(BBAI)$&nbsp;</a> big bear need hit 1.70 Billions market cap ... 🎯 target on the way !","listText":"<a href=\"https://ttm.financial/S/BBAI\">$BigBear.ai Holdings(BBAI)$&nbsp;</a> big bear need hit 1.70 Billions market cap ... 🎯 target on the way !","text":"$BigBear.ai Holdings(BBAI)$ big bear need hit 1.70 Billions market cap ... 🎯 target on the way !","images":[{"img":"https://community-static.tradeup.com/news/5874d62b95e3a6e7b08958957d7391e4","width":"1290","height":"2742"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/450521550201416","isVote":1,"tweetType":1,"viewCount":500,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"EN","totalScore":0},{"id":450496309981208,"gmtCreate":1751012993445,"gmtModify":1751013020549,"author":{"id":"4177551220892972","authorId":"4177551220892972","name":"Richard low","avatar":"https://community-static.tradeup.com/news/5af3ffd559f9b19c1a8f53864a65332c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4177551220892972","idStr":"4177551220892972"},"themes":[],"htmlText":"Big bear 🐻&nbsp;","listText":"Big bear 🐻&nbsp;","text":"Big bear 🐻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/450496309981208","repostId":"2546183297","repostType":2,"repost":{"id":"2546183297","kind":"highlight","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":1750989967,"share":"https://ttm.financial/m/news/2546183297?lang=&edition=fundamental","pubTime":"2025-06-27 10:06","market":"us","language":"en","title":"Should You Chase BigBear.ai Stock After a 45% Spike?","url":"https://stock-news.laohu8.com/highlight/detail?id=2546183297","media":"Tiger Newspress","summary":"$BigBear.ai(BBAI)$ stock have gained 45% as of Thursday this week , grabbing investor attention amid renewed interest in AI-driven defense and data analytics firms.BigBear.ai delivers various AI solut","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/BBAI\">BigBear.ai</a> stock have gained 45% as of Thursday this week , grabbing investor attention amid renewed interest in AI-driven defense and data analytics firms.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/c8bf5b3e4971acc73135e6da8f7a56c7\" title=\"\" tg-width=\"560\" tg-height=\"240\"/></p><p>BigBear.ai delivers various AI solutions that focus on national security and infrastructure. For example, it provides facial recognition software to many airports to screen passengers for security risks, and it&#39;s helping the U.S. Navy construct submarines with its AI-enhanced shipbuilding software.</p><p>BigBear.ai&#39;s business delivered $34.8 million in the first quarter, a 5% year-over-year increase. It also benefited from the exercise of 2024 warrants to the tune of $64.7 million in gross proceeds.</p><p>The company experienced leadership changes this year. Its CFO departed in June, and it gained a new CEO, Kevin McAleenan, in January. McAleenan served as Acting Secretary of the U.S. Department of <a href=\"https://laohu8.com/S/HSCC\">Homeland Security</a> during the first Trump administration, so his experience could prove beneficial to BigBear.ai&#39;s government business.</p><h2 id=\"id_1264122572\" style=\"text-align: left;\">Risks to Consider</h2><ul style=\"\"><li><p><strong>Not Profitable</strong>: The company faces some challenges. BigBear.ai is not profitable. Its Q1 net loss totaled $62 million, as some of its operating expenses increased year over year.</p></li><li><p><strong>Substantial Debt</strong>: BigBear.ai also possesses substantial debt. Its Q1 total liabilities of $198.5 million included long-term debt of $100.6 million, and that was after the amount was reduced by $58 million through voluntary conversions of its 2029 convertible notes. Q1 assets totaled $396.3 million.</p></li></ul><h2 id=\"id_4164198397\" style=\"text-align: start;\">Positive Catalysts</h2><p style=\"text-align: start;\">In spite of its financial challenges, BigBear.ai has several notable positive factors:</p><ul style=\"\"><li><p><strong>Growing Backlog:</strong> The company’s backlog increased 2.5 times from $168 million at the end of 2023 to $385 million by the end of March 2025. This significant rise offers essential revenue visibility, even amid execution difficulties.</p></li><li><p><strong>Key Government Contracts:</strong> BBAI has secured multiple major government contracts in 2025, including a 3.5-year, $13.2 million sole-source Department of Defense (DoD) contract to upgrade a vital force management system.</p></li><li><p><strong>Strategic Market Position:</strong> BigBear.ai operates in crucial AI applications related to national security, developing solutions such as facial recognition systems for airports and AI-augmented shipbuilding software for the U.S. Navy. The current elevated geopolitical climate strongly favors increased defense AI investments, generating a supportive market environment for the company.</p></li></ul><h2 id=\"id_3164252859\" style=\"text-align: start;\">Investment Outlook</h2><p style=\"text-align: start;\">In summary, BigBear.ai represents a high-risk, high-reward opportunity in defense AI spending. While the company benefits from robust backlog growth and operates in strategically significant sectors, its ongoing revenue stagnation, escalating losses, and extreme stock volatility make it unsuitable for risk-averse investors. The stock’s attractiveness largely depends on the continuation of geopolitical tensions that stimulate defense AI investment and, crucially, the firm’s ability to convert its contract awards into sustainable and substantial revenue growth.</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>Should You Chase BigBear.ai Stock After a 45% Spike?</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\">\nShould You Chase BigBear.ai Stock After a 45% Spike?\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\">2025-06-27 10:06</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><a href=\"https://laohu8.com/S/BBAI\">BigBear.ai</a> stock have gained 45% as of Thursday this week , grabbing investor attention amid renewed interest in AI-driven defense and data analytics firms.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/c8bf5b3e4971acc73135e6da8f7a56c7\" title=\"\" tg-width=\"560\" tg-height=\"240\"/></p><p>BigBear.ai delivers various AI solutions that focus on national security and infrastructure. For example, it provides facial recognition software to many airports to screen passengers for security risks, and it&#39;s helping the U.S. Navy construct submarines with its AI-enhanced shipbuilding software.</p><p>BigBear.ai&#39;s business delivered $34.8 million in the first quarter, a 5% year-over-year increase. It also benefited from the exercise of 2024 warrants to the tune of $64.7 million in gross proceeds.</p><p>The company experienced leadership changes this year. Its CFO departed in June, and it gained a new CEO, Kevin McAleenan, in January. McAleenan served as Acting Secretary of the U.S. Department of <a href=\"https://laohu8.com/S/HSCC\">Homeland Security</a> during the first Trump administration, so his experience could prove beneficial to BigBear.ai&#39;s government business.</p><h2 id=\"id_1264122572\" style=\"text-align: left;\">Risks to Consider</h2><ul style=\"\"><li><p><strong>Not Profitable</strong>: The company faces some challenges. BigBear.ai is not profitable. Its Q1 net loss totaled $62 million, as some of its operating expenses increased year over year.</p></li><li><p><strong>Substantial Debt</strong>: BigBear.ai also possesses substantial debt. Its Q1 total liabilities of $198.5 million included long-term debt of $100.6 million, and that was after the amount was reduced by $58 million through voluntary conversions of its 2029 convertible notes. Q1 assets totaled $396.3 million.</p></li></ul><h2 id=\"id_4164198397\" style=\"text-align: start;\">Positive Catalysts</h2><p style=\"text-align: start;\">In spite of its financial challenges, BigBear.ai has several notable positive factors:</p><ul style=\"\"><li><p><strong>Growing Backlog:</strong> The company’s backlog increased 2.5 times from $168 million at the end of 2023 to $385 million by the end of March 2025. This significant rise offers essential revenue visibility, even amid execution difficulties.</p></li><li><p><strong>Key Government Contracts:</strong> BBAI has secured multiple major government contracts in 2025, including a 3.5-year, $13.2 million sole-source Department of Defense (DoD) contract to upgrade a vital force management system.</p></li><li><p><strong>Strategic Market Position:</strong> BigBear.ai operates in crucial AI applications related to national security, developing solutions such as facial recognition systems for airports and AI-augmented shipbuilding software for the U.S. Navy. The current elevated geopolitical climate strongly favors increased defense AI investments, generating a supportive market environment for the company.</p></li></ul><h2 id=\"id_3164252859\" style=\"text-align: start;\">Investment Outlook</h2><p style=\"text-align: start;\">In summary, BigBear.ai represents a high-risk, high-reward opportunity in defense AI spending. While the company benefits from robust backlog growth and operates in strategically significant sectors, its ongoing revenue stagnation, escalating losses, and extreme stock volatility make it unsuitable for risk-averse investors. The stock’s attractiveness largely depends on the continuation of geopolitical tensions that stimulate defense AI investment and, crucially, the firm’s ability to convert its contract awards into sustainable and substantial revenue growth.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4134":"信息科技咨询与其它服务","BK4587":"ChatGPT概念","BK4109":"特种化学制品","BBAI":"BigBear.ai Holdings"},"source_url":"https://www.tipranks.com/news/should-you-chase-bigbear-ai-stock-bbai-after-a-25-spike?utm_source=itigerup.com&utm_medium=referral","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2546183297","content_text":"BigBear.ai stock have gained 45% as of Thursday this week , grabbing investor attention amid renewed interest in AI-driven defense and data analytics firms.BigBear.ai delivers various AI solutions that focus on national security and infrastructure. For example, it provides facial recognition software to many airports to screen passengers for security risks, and it's helping the U.S. Navy construct submarines with its AI-enhanced shipbuilding software.BigBear.ai's business delivered $34.8 million in the first quarter, a 5% year-over-year increase. It also benefited from the exercise of 2024 warrants to the tune of $64.7 million in gross proceeds.The company experienced leadership changes this year. Its CFO departed in June, and it gained a new CEO, Kevin McAleenan, in January. McAleenan served as Acting Secretary of the U.S. Department of Homeland Security during the first Trump administration, so his experience could prove beneficial to BigBear.ai's government business.Risks to ConsiderNot Profitable: The company faces some challenges. BigBear.ai is not profitable. Its Q1 net loss totaled $62 million, as some of its operating expenses increased year over year.Substantial Debt: BigBear.ai also possesses substantial debt. Its Q1 total liabilities of $198.5 million included long-term debt of $100.6 million, and that was after the amount was reduced by $58 million through voluntary conversions of its 2029 convertible notes. Q1 assets totaled $396.3 million.Positive CatalystsIn spite of its financial challenges, BigBear.ai has several notable positive factors:Growing Backlog: The company’s backlog increased 2.5 times from $168 million at the end of 2023 to $385 million by the end of March 2025. This significant rise offers essential revenue visibility, even amid execution difficulties.Key Government Contracts: BBAI has secured multiple major government contracts in 2025, including a 3.5-year, $13.2 million sole-source Department of Defense (DoD) contract to upgrade a vital force management system.Strategic Market Position: BigBear.ai operates in crucial AI applications related to national security, developing solutions such as facial recognition systems for airports and AI-augmented shipbuilding software for the U.S. Navy. The current elevated geopolitical climate strongly favors increased defense AI investments, generating a supportive market environment for the company.Investment OutlookIn summary, BigBear.ai represents a high-risk, high-reward opportunity in defense AI spending. While the company benefits from robust backlog growth and operates in strategically significant sectors, its ongoing revenue stagnation, escalating losses, and extreme stock volatility make it unsuitable for risk-averse investors. The stock’s attractiveness largely depends on the continuation of geopolitical tensions that stimulate defense AI investment and, crucially, the firm’s ability to convert its contract awards into sustainable and substantial revenue growth.","news_type":1,"symbols_score_info":{"BBAI":1}},"isVote":1,"tweetType":1,"viewCount":868,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":450472613978400,"gmtCreate":1751006933566,"gmtModify":1751006940547,"author":{"id":"4177551220892972","authorId":"4177551220892972","name":"Richard low","avatar":"https://community-static.tradeup.com/news/5af3ffd559f9b19c1a8f53864a65332c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4177551220892972","idStr":"4177551220892972"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/BBAI\">$BigBear.ai Holdings(BBAI)$&nbsp;</a><v-v data-views=\"1\"></v-v> big bear&nbsp;","listText":"<a 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purchase","images":[{"img":"https://community-static.tradeup.com/news/4cd10a180942a1d38166357b559aa9c5","width":"1290","height":"2832"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":56,"commentSize":2,"repostSize":463,"link":"https://ttm.financial/post/452105163038752","isVote":1,"tweetType":1,"viewCount":13381,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"10000000000010931","authorId":"10000000000010931","name":"JackQuant","avatar":"https://community-static.tradeup.com/news/529965026567a58deacbc19e2270c9d2","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"10000000000010931","idStr":"10000000000010931"},"content":"The adjustment of price is an opportunity to buy in.🐂","text":"The adjustment of price is an opportunity to buy in.🐂","html":"The adjustment of price is an opportunity to buy in.🐂"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":353245737226328,"gmtCreate":1727248795027,"gmtModify":1727248798760,"author":{"id":"4177551220892972","authorId":"4177551220892972","name":"Richard low","avatar":"https://community-static.tradeup.com/news/5af3ffd559f9b19c1a8f53864a65332c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4177551220892972","idStr":"4177551220892972"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a> Tesla can hit 300 in end of the year 2024&nbsp;","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a> Tesla can hit 300 in end of the year 2024&nbsp;","text":"$Tesla Motors(TSLA)$ Tesla can hit 300 in end of the year 2024","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":2,"link":"https://ttm.financial/post/353245737226328","isVote":1,"tweetType":1,"viewCount":686,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":443898788668200,"gmtCreate":1749396033683,"gmtModify":1749396036934,"author":{"id":"4177551220892972","authorId":"4177551220892972","name":"Richard low","avatar":"https://community-static.tradeup.com/news/5af3ffd559f9b19c1a8f53864a65332c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4177551220892972","idStr":"4177551220892972"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a><v-v data-views=\"1\"></v-v> robotaxi launch soon&nbsp;","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a><v-v data-views=\"1\"></v-v> robotaxi launch soon&nbsp;","text":"$Tesla Motors(TSLA)$ robotaxi launch soon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":1,"link":"https://ttm.financial/post/443898788668200","isVote":1,"tweetType":1,"viewCount":707,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3584335469064757","authorId":"3584335469064757","name":"Neo58","avatar":"https://static.tigerbbs.com/9bb766b4c3fe5286153f22e0c7828840","crmLevel":11,"crmLevelSwitch":1,"authorIdStr":"3584335469064757","idStr":"3584335469064757"},"content":"The nhtsa investigation and the report that needs to be submitted by Tesla have not yet been released, and the probability of bounce is very high, so be cautious","text":"The nhtsa investigation and the report that needs to be submitted by Tesla have not yet been released, and the probability of bounce is very high, so be cautious","html":"The nhtsa investigation and the report that needs to be submitted by Tesla have not yet been released, and the probability of bounce is very 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report","images":[{"img":"https://community-static.tradeup.com/news/18a82fab3050f28e5c15925e75ef0616","width":"1290","height":"2769"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/446989832462888","isVote":1,"tweetType":1,"viewCount":491,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4204241766689132","authorId":"4204241766689132","name":"LYRIX","avatar":"https://community-static.tradeup.com/news/6af2355b057d0e7c3b7ace3f7e80ddfa","crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"4204241766689132","idStr":"4204241766689132"},"content":"Is this double long Tesla etf","text":"Is this double long Tesla etf","html":"Is this double long Tesla etf"}],"imageCount":2,"langContent":"EN","totalScore":0},{"id":444915484184648,"gmtCreate":1749646060199,"gmtModify":1749646064389,"author":{"id":"4177551220892972","authorId":"4177551220892972","name":"Richard 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company","images":[{"img":"https://community-static.tradeup.com/news/537d02cb6c54784b5ae3317eccee8368","width":"1092","height":"1717"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/444915484184648","isVote":1,"tweetType":1,"viewCount":481,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4180706481370712","authorId":"4180706481370712","name":"andy66","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"4180706481370712","idStr":"4180706481370712"},"content":"Run! Run! It's going to take a nosedive tomorrow","text":"Run! Run! It's going to take a nosedive tomorrow","html":"Run! Run! It's going to take a nosedive tomorrow"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":332084495179944,"gmtCreate":1722083144293,"gmtModify":1722083150143,"author":{"id":"4177551220892972","authorId":"4177551220892972","name":"Richard low","avatar":"https://community-static.tradeup.com/news/5af3ffd559f9b19c1a8f53864a65332c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4177551220892972","idStr":"4177551220892972"},"themes":[],"htmlText":"I need heads up","listText":"I need heads up","text":"I need heads up","images":[{"img":"https://community-static.tradeup.com/news/3d15d2c8a6e8ee4fe12bee1719910eaf","width":"1773","height":"2364"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/332084495179944","isVote":1,"tweetType":1,"viewCount":632,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":492398256882056,"gmtCreate":1761237078652,"gmtModify":1761237082667,"author":{"id":"4177551220892972","authorId":"4177551220892972","name":"Richard low","avatar":"https://community-static.tradeup.com/news/5af3ffd559f9b19c1a8f53864a65332c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4177551220892972","idStr":"4177551220892972"},"themes":[],"htmlText":"Tiger 🐯 shoes&nbsp;","listText":"Tiger 🐯 shoes&nbsp;","text":"Tiger 🐯 shoes","images":[{"img":"https://community-static.tradeup.com/news/054b089dc3e608fd9e82366383f73639"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/492398256882056","repostId":"1142211166","repostType":2,"repost":{"id":"1142211166","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":1761200043,"share":"https://ttm.financial/m/news/1142211166?lang=&edition=fundamental","pubTime":"2025-10-23 14:14","market":"us","language":"en","title":"UBS Initiates Buy on UP Fintech With PT of $13 as the Tech-Driven Broker Riding Asia's Wealth Boom","url":"https://stock-news.laohu8.com/highlight/detail?id=1142211166","media":"Tiger Newspress","summary":"TIGR, a leading online broker with a global presence, is set to benefit from strong wealth market growth in Hong Kong and Singapore, where investors are increasingly seeking smarter, more...","content":"<p>TIGR, a leading online broker with a global presence, is set to benefit from strong wealth market growth in Hong Kong and Singapore, where investors are increasingly seeking smarter, more cost-effective platforms. With its full suite of products and competitive pricing, UBS think TIGR looks well positioned to win share from traditional institutions. Its tech-first brokerage model may enable high operating leverage, translating into rapid bottom-line growth and margin improvement as client AUM scales. UBS find the story compelling: fast client acquisition, expanding wallet share and improving margins, along with untapped upside potential from digital assets.</p><h3 id=\"id_1187261412\">Margin expansion powered by AUM growth</h3><p>UBS expect TIGR’s net margin to rise from ~16% in 2024 to ~29% by 2027, driven by a ~24% client AUM CAGR. Net client asset inflow of US$10.4/6.3/7.1bn in 2025E/2026E/2027E could be supported by strong traction in Hong Kong and Singapore. We expect Hong Kong’s share of funded accounts/client AUM to double/triple by 2027. Singapore remains TIGR's anchor market, contributing around half of its clients and ~40% of client AUM. TIGR’s product depth and pricing edge cater well to overseas investment demand, especially in US equities and derivatives. We think its focus on high-quality clients further supports a margin uplift.</p><h3 id=\"id_2404543223\">Digital assets: Optionality, not dependency</h3><p>TIGR’s digital asset capability may present medium- to long-term upside potential. The digital asset adoption trajectory remains closely tied to regulatory developments, which have been cautious recently. If the regulatory environment in Hong Kong becomes more supportive, we think there could be a modest revenue uplift of 6-7% by 2027. We view digital assets as a complementary lever in the broker's broader platform, rather than a primary long-term growth driver.</p><h3 id=\"id_795194986\">Valuation: Price target of US$13.10 implies 16x 12-month-forward PE</h3><p>Our US$13.10 price target (16x 12-month-forward PE) is based on a three-stage residual income model. We forecast 2024-27 CAGRs of: 1) 13% in the number of funded accounts; 2) 10% in average client AUM; and 3) 17%/45% in revenue/net income, ahead of Visible Alpha consensus (12%; 5%; 15%/34%). Key risks include: 1) further regulatory scrutiny into Mainland China business; 2) slower-than-expected development in Hong Kong; and 3) worse-than-expected market conditions.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/54aba58bf0e2f75c7002a0bc4aaffe90\" tg-width=\"1037\" tg-height=\"309\"></p><h2 id=\"id_1363636467\">Pivotal Questions</h2><p><strong>Q: Can TIGR steadily improve its net margin to 25-30% by 2027?</strong> </p><p>Highly likely. We forecast its net margin to rise from ~16% in 2024 to ~29% by 2027, driven by a ~24% client AUM CAGR. We expect the broker’s tech-led model to scale efficiently to boost operating leverage and underpin margin improvement. We estimate net client asset inflow of US $10.4/6.3/7.1bn in 2025/2026/2027, fuelled by strong client growth and a rising wallet share, especially in Hong Kong and Singapore. TIGR’s comprehensive product suite meets overseas investment demand, as its competitive pricing wins clients and a superior app experience keeps them. As such, we expect TIGR to consistently win share from traditional brokers and banks. We estimate Hong Kong’s share of funded accounts/client AUM to double/triple to ~11%/19% by 2027 (Q225: ~5%/6%), while Singapore remains its core market (~50% of paying clients, ~40% of retail AUM). The broker’s focus on high-quality clients may further support margin gains. </p><p><strong>Q: Will the digital asset business become a meaningful revenue contributor?</strong> </p><p>More likely in the medium to long term (ie, post-2027). Drawing on developments in the US, digital assets may offer incremental avenues for growth and margin opportunities stemming from: 1) higher trading velocity and commission rates in digital spot markets relative to traditional cash equities; 2) broader monetization potential across the ecosystem; and 3) possible client asset inflow acceleration. TIGR has built comprehensive digital asset infrastructure and is gaining traction among investors. That said, the pace of adoption in Hong Kong remains closely linked to regulatory developments, which currently appear cautious. If the regulatory environment turns more constructive, we think there could be a modest revenue uplift of 6-7% by 2027.</p><h2 id=\"id_1473486490\">UBS VIEW</h2><p>We initiate coverage with a Buy rating. Backed by a competitive product suite and a tech-driven model, TIGR is well positioned to capture market share in the two fast-growing wealth hubs of Hong Kong and Singapore. The growth story is clear: rapid client acquisition, deepening wallet share and improving profitability. Digital asset-related activity is an emerging area with long-term potential, rather than immediate upside.</p><h2 id=\"id_4245852216\">EVIDENCE</h2><p>Based on a UBS Global Wealth Report, in 2024 Hong Kong/Singapore account for 0.8%/0.5% of global personal wealth, 10th/11th globally. Average/median wealth per adult has reached US $601k/222k in Hong Kong and US$442k/114k in Singapore. In Q225, TIGR’s newly acquired clients in those markets each brought in ~US$30k, on average (overall average: US$20k), driving 50% and 20% QoQ growth in client AUM in Hong Kong and Singapore. In terms of digital assets, spot trading shows annualized velocity (&gt;7x) far above that in most traditional stock markets (UBSe: 0.3-2.2x).</p><h2 id=\"id_1543338594\">WHAT´S PRICED IN?</h2><p>We believe TIGR’s margin upside and client AUM growth are underestimated. We forecast net margin to reach ~29% by 2027, driven by a ~24% CAGR in client AUM, ahead of Visible Alpha consensus (~25% margin, ~17% CAGR). TIGR is trading at ~12x 12-month-forward PE, likely implying a mid-teens CAGR in client AUM in 2024-27. Our price target of US$13.10 implies 16x 12- month-forward PE.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/07f75ca99f34ca26ccfa7e45cc77529f\" tg-width=\"786\" tg-height=\"396\"></p><h2 id=\"id_3789949466\">Company Description</h2><p>TIGR is a leading online brokerage, offering a proprietary mobile and web platform for global trading across equities and financial instruments. Powered by advanced technology, TIGR enables seamless trading across multiple currencies, markets, products, execution venues and clearinghouses.</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>UBS Initiates Buy on UP Fintech With PT of $13 as the Tech-Driven Broker Riding Asia's Wealth Boom</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\">\nUBS Initiates Buy on UP Fintech With PT of $13 as the Tech-Driven Broker Riding Asia's Wealth Boom\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\">2025-10-23 14:14</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>TIGR, a leading online broker with a global presence, is set to benefit from strong wealth market growth in Hong Kong and Singapore, where investors are increasingly seeking smarter, more cost-effective platforms. With its full suite of products and competitive pricing, UBS think TIGR looks well positioned to win share from traditional institutions. Its tech-first brokerage model may enable high operating leverage, translating into rapid bottom-line growth and margin improvement as client AUM scales. UBS find the story compelling: fast client acquisition, expanding wallet share and improving margins, along with untapped upside potential from digital assets.</p><h3 id=\"id_1187261412\">Margin expansion powered by AUM growth</h3><p>UBS expect TIGR’s net margin to rise from ~16% in 2024 to ~29% by 2027, driven by a ~24% client AUM CAGR. Net client asset inflow of US$10.4/6.3/7.1bn in 2025E/2026E/2027E could be supported by strong traction in Hong Kong and Singapore. We expect Hong Kong’s share of funded accounts/client AUM to double/triple by 2027. Singapore remains TIGR's anchor market, contributing around half of its clients and ~40% of client AUM. TIGR’s product depth and pricing edge cater well to overseas investment demand, especially in US equities and derivatives. We think its focus on high-quality clients further supports a margin uplift.</p><h3 id=\"id_2404543223\">Digital assets: Optionality, not dependency</h3><p>TIGR’s digital asset capability may present medium- to long-term upside potential. The digital asset adoption trajectory remains closely tied to regulatory developments, which have been cautious recently. If the regulatory environment in Hong Kong becomes more supportive, we think there could be a modest revenue uplift of 6-7% by 2027. We view digital assets as a complementary lever in the broker's broader platform, rather than a primary long-term growth driver.</p><h3 id=\"id_795194986\">Valuation: Price target of US$13.10 implies 16x 12-month-forward PE</h3><p>Our US$13.10 price target (16x 12-month-forward PE) is based on a three-stage residual income model. We forecast 2024-27 CAGRs of: 1) 13% in the number of funded accounts; 2) 10% in average client AUM; and 3) 17%/45% in revenue/net income, ahead of Visible Alpha consensus (12%; 5%; 15%/34%). Key risks include: 1) further regulatory scrutiny into Mainland China business; 2) slower-than-expected development in Hong Kong; and 3) worse-than-expected market conditions.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/54aba58bf0e2f75c7002a0bc4aaffe90\" tg-width=\"1037\" tg-height=\"309\"></p><h2 id=\"id_1363636467\">Pivotal Questions</h2><p><strong>Q: Can TIGR steadily improve its net margin to 25-30% by 2027?</strong> </p><p>Highly likely. We forecast its net margin to rise from ~16% in 2024 to ~29% by 2027, driven by a ~24% client AUM CAGR. We expect the broker’s tech-led model to scale efficiently to boost operating leverage and underpin margin improvement. We estimate net client asset inflow of US $10.4/6.3/7.1bn in 2025/2026/2027, fuelled by strong client growth and a rising wallet share, especially in Hong Kong and Singapore. TIGR’s comprehensive product suite meets overseas investment demand, as its competitive pricing wins clients and a superior app experience keeps them. As such, we expect TIGR to consistently win share from traditional brokers and banks. We estimate Hong Kong’s share of funded accounts/client AUM to double/triple to ~11%/19% by 2027 (Q225: ~5%/6%), while Singapore remains its core market (~50% of paying clients, ~40% of retail AUM). The broker’s focus on high-quality clients may further support margin gains. </p><p><strong>Q: Will the digital asset business become a meaningful revenue contributor?</strong> </p><p>More likely in the medium to long term (ie, post-2027). Drawing on developments in the US, digital assets may offer incremental avenues for growth and margin opportunities stemming from: 1) higher trading velocity and commission rates in digital spot markets relative to traditional cash equities; 2) broader monetization potential across the ecosystem; and 3) possible client asset inflow acceleration. TIGR has built comprehensive digital asset infrastructure and is gaining traction among investors. That said, the pace of adoption in Hong Kong remains closely linked to regulatory developments, which currently appear cautious. If the regulatory environment turns more constructive, we think there could be a modest revenue uplift of 6-7% by 2027.</p><h2 id=\"id_1473486490\">UBS VIEW</h2><p>We initiate coverage with a Buy rating. Backed by a competitive product suite and a tech-driven model, TIGR is well positioned to capture market share in the two fast-growing wealth hubs of Hong Kong and Singapore. The growth story is clear: rapid client acquisition, deepening wallet share and improving profitability. Digital asset-related activity is an emerging area with long-term potential, rather than immediate upside.</p><h2 id=\"id_4245852216\">EVIDENCE</h2><p>Based on a UBS Global Wealth Report, in 2024 Hong Kong/Singapore account for 0.8%/0.5% of global personal wealth, 10th/11th globally. Average/median wealth per adult has reached US $601k/222k in Hong Kong and US$442k/114k in Singapore. In Q225, TIGR’s newly acquired clients in those markets each brought in ~US$30k, on average (overall average: US$20k), driving 50% and 20% QoQ growth in client AUM in Hong Kong and Singapore. In terms of digital assets, spot trading shows annualized velocity (&gt;7x) far above that in most traditional stock markets (UBSe: 0.3-2.2x).</p><h2 id=\"id_1543338594\">WHAT´S PRICED IN?</h2><p>We believe TIGR’s margin upside and client AUM growth are underestimated. We forecast net margin to reach ~29% by 2027, driven by a ~24% CAGR in client AUM, ahead of Visible Alpha consensus (~25% margin, ~17% CAGR). TIGR is trading at ~12x 12-month-forward PE, likely implying a mid-teens CAGR in client AUM in 2024-27. Our price target of US$13.10 implies 16x 12- month-forward PE.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/07f75ca99f34ca26ccfa7e45cc77529f\" tg-width=\"786\" tg-height=\"396\"></p><h2 id=\"id_3789949466\">Company Description</h2><p>TIGR is a leading online brokerage, offering a proprietary mobile and web platform for global trading across equities and financial instruments. Powered by advanced technology, TIGR enables seamless trading across multiple currencies, markets, products, execution venues and clearinghouses.</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":"1142211166","content_text":"TIGR, a leading online broker with a global presence, is set to benefit from strong wealth market growth in Hong Kong and Singapore, where investors are increasingly seeking smarter, more cost-effective platforms. With its full suite of products and competitive pricing, UBS think TIGR looks well positioned to win share from traditional institutions. Its tech-first brokerage model may enable high operating leverage, translating into rapid bottom-line growth and margin improvement as client AUM scales. UBS find the story compelling: fast client acquisition, expanding wallet share and improving margins, along with untapped upside potential from digital assets.Margin expansion powered by AUM growthUBS expect TIGR’s net margin to rise from ~16% in 2024 to ~29% by 2027, driven by a ~24% client AUM CAGR. Net client asset inflow of US$10.4/6.3/7.1bn in 2025E/2026E/2027E could be supported by strong traction in Hong Kong and Singapore. We expect Hong Kong’s share of funded accounts/client AUM to double/triple by 2027. Singapore remains TIGR's anchor market, contributing around half of its clients and ~40% of client AUM. TIGR’s product depth and pricing edge cater well to overseas investment demand, especially in US equities and derivatives. We think its focus on high-quality clients further supports a margin uplift.Digital assets: Optionality, not dependencyTIGR’s digital asset capability may present medium- to long-term upside potential. The digital asset adoption trajectory remains closely tied to regulatory developments, which have been cautious recently. If the regulatory environment in Hong Kong becomes more supportive, we think there could be a modest revenue uplift of 6-7% by 2027. We view digital assets as a complementary lever in the broker's broader platform, rather than a primary long-term growth driver.Valuation: Price target of US$13.10 implies 16x 12-month-forward PEOur US$13.10 price target (16x 12-month-forward PE) is based on a three-stage residual income model. We forecast 2024-27 CAGRs of: 1) 13% in the number of funded accounts; 2) 10% in average client AUM; and 3) 17%/45% in revenue/net income, ahead of Visible Alpha consensus (12%; 5%; 15%/34%). Key risks include: 1) further regulatory scrutiny into Mainland China business; 2) slower-than-expected development in Hong Kong; and 3) worse-than-expected market conditions.Pivotal QuestionsQ: Can TIGR steadily improve its net margin to 25-30% by 2027? Highly likely. We forecast its net margin to rise from ~16% in 2024 to ~29% by 2027, driven by a ~24% client AUM CAGR. We expect the broker’s tech-led model to scale efficiently to boost operating leverage and underpin margin improvement. We estimate net client asset inflow of US $10.4/6.3/7.1bn in 2025/2026/2027, fuelled by strong client growth and a rising wallet share, especially in Hong Kong and Singapore. TIGR’s comprehensive product suite meets overseas investment demand, as its competitive pricing wins clients and a superior app experience keeps them. As such, we expect TIGR to consistently win share from traditional brokers and banks. We estimate Hong Kong’s share of funded accounts/client AUM to double/triple to ~11%/19% by 2027 (Q225: ~5%/6%), while Singapore remains its core market (~50% of paying clients, ~40% of retail AUM). The broker’s focus on high-quality clients may further support margin gains. Q: Will the digital asset business become a meaningful revenue contributor? More likely in the medium to long term (ie, post-2027). Drawing on developments in the US, digital assets may offer incremental avenues for growth and margin opportunities stemming from: 1) higher trading velocity and commission rates in digital spot markets relative to traditional cash equities; 2) broader monetization potential across the ecosystem; and 3) possible client asset inflow acceleration. TIGR has built comprehensive digital asset infrastructure and is gaining traction among investors. That said, the pace of adoption in Hong Kong remains closely linked to regulatory developments, which currently appear cautious. If the regulatory environment turns more constructive, we think there could be a modest revenue uplift of 6-7% by 2027.UBS VIEWWe initiate coverage with a Buy rating. Backed by a competitive product suite and a tech-driven model, TIGR is well positioned to capture market share in the two fast-growing wealth hubs of Hong Kong and Singapore. The growth story is clear: rapid client acquisition, deepening wallet share and improving profitability. Digital asset-related activity is an emerging area with long-term potential, rather than immediate upside.EVIDENCEBased on a UBS Global Wealth Report, in 2024 Hong Kong/Singapore account for 0.8%/0.5% of global personal wealth, 10th/11th globally. Average/median wealth per adult has reached US $601k/222k in Hong Kong and US$442k/114k in Singapore. In Q225, TIGR’s newly acquired clients in those markets each brought in ~US$30k, on average (overall average: US$20k), driving 50% and 20% QoQ growth in client AUM in Hong Kong and Singapore. In terms of digital assets, spot trading shows annualized velocity (>7x) far above that in most traditional stock markets (UBSe: 0.3-2.2x).WHAT´S PRICED IN?We believe TIGR’s margin upside and client AUM growth are underestimated. We forecast net margin to reach ~29% by 2027, driven by a ~24% CAGR in client AUM, ahead of Visible Alpha consensus (~25% margin, ~17% CAGR). TIGR is trading at ~12x 12-month-forward PE, likely implying a mid-teens CAGR in client AUM in 2024-27. Our price target of US$13.10 implies 16x 12- month-forward PE.Company DescriptionTIGR is a leading online brokerage, offering a proprietary mobile and web platform for global trading across equities and financial instruments. Powered by advanced technology, TIGR enables seamless trading across multiple currencies, markets, products, execution venues and clearinghouses.","news_type":1,"symbols_score_info":{"TIGR":1.1}},"isVote":1,"tweetType":1,"viewCount":347,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":492374521897376,"gmtCreate":1761231185620,"gmtModify":1761231189243,"author":{"id":"4177551220892972","authorId":"4177551220892972","name":"Richard low","avatar":"https://community-static.tradeup.com/news/5af3ffd559f9b19c1a8f53864a65332c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4177551220892972","idStr":"4177551220892972"},"themes":[],"htmlText":"Tiger 🐯 tigers 🐯 tigers 🐯&nbsp;","listText":"Tiger 🐯 tigers 🐯 tigers 🐯&nbsp;","text":"Tiger 🐯 tigers 🐯 tigers 🐯","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/492374521897376","repostId":"1142211166","repostType":2,"repost":{"id":"1142211166","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":1761200043,"share":"https://ttm.financial/m/news/1142211166?lang=&edition=fundamental","pubTime":"2025-10-23 14:14","market":"us","language":"en","title":"UBS Initiates Buy on UP Fintech With PT of $13 as the Tech-Driven Broker Riding Asia's Wealth Boom","url":"https://stock-news.laohu8.com/highlight/detail?id=1142211166","media":"Tiger Newspress","summary":"TIGR, a leading online broker with a global presence, is set to benefit from strong wealth market growth in Hong Kong and Singapore, where investors are increasingly seeking smarter, more...","content":"<p>TIGR, a leading online broker with a global presence, is set to benefit from strong wealth market growth in Hong Kong and Singapore, where investors are increasingly seeking smarter, more cost-effective platforms. With its full suite of products and competitive pricing, UBS think TIGR looks well positioned to win share from traditional institutions. Its tech-first brokerage model may enable high operating leverage, translating into rapid bottom-line growth and margin improvement as client AUM scales. UBS find the story compelling: fast client acquisition, expanding wallet share and improving margins, along with untapped upside potential from digital assets.</p><h3 id=\"id_1187261412\">Margin expansion powered by AUM growth</h3><p>UBS expect TIGR’s net margin to rise from ~16% in 2024 to ~29% by 2027, driven by a ~24% client AUM CAGR. Net client asset inflow of US$10.4/6.3/7.1bn in 2025E/2026E/2027E could be supported by strong traction in Hong Kong and Singapore. We expect Hong Kong’s share of funded accounts/client AUM to double/triple by 2027. Singapore remains TIGR's anchor market, contributing around half of its clients and ~40% of client AUM. TIGR’s product depth and pricing edge cater well to overseas investment demand, especially in US equities and derivatives. We think its focus on high-quality clients further supports a margin uplift.</p><h3 id=\"id_2404543223\">Digital assets: Optionality, not dependency</h3><p>TIGR’s digital asset capability may present medium- to long-term upside potential. The digital asset adoption trajectory remains closely tied to regulatory developments, which have been cautious recently. If the regulatory environment in Hong Kong becomes more supportive, we think there could be a modest revenue uplift of 6-7% by 2027. We view digital assets as a complementary lever in the broker's broader platform, rather than a primary long-term growth driver.</p><h3 id=\"id_795194986\">Valuation: Price target of US$13.10 implies 16x 12-month-forward PE</h3><p>Our US$13.10 price target (16x 12-month-forward PE) is based on a three-stage residual income model. We forecast 2024-27 CAGRs of: 1) 13% in the number of funded accounts; 2) 10% in average client AUM; and 3) 17%/45% in revenue/net income, ahead of Visible Alpha consensus (12%; 5%; 15%/34%). Key risks include: 1) further regulatory scrutiny into Mainland China business; 2) slower-than-expected development in Hong Kong; and 3) worse-than-expected market conditions.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/54aba58bf0e2f75c7002a0bc4aaffe90\" tg-width=\"1037\" tg-height=\"309\"></p><h2 id=\"id_1363636467\">Pivotal Questions</h2><p><strong>Q: Can TIGR steadily improve its net margin to 25-30% by 2027?</strong> </p><p>Highly likely. We forecast its net margin to rise from ~16% in 2024 to ~29% by 2027, driven by a ~24% client AUM CAGR. We expect the broker’s tech-led model to scale efficiently to boost operating leverage and underpin margin improvement. We estimate net client asset inflow of US $10.4/6.3/7.1bn in 2025/2026/2027, fuelled by strong client growth and a rising wallet share, especially in Hong Kong and Singapore. TIGR’s comprehensive product suite meets overseas investment demand, as its competitive pricing wins clients and a superior app experience keeps them. As such, we expect TIGR to consistently win share from traditional brokers and banks. We estimate Hong Kong’s share of funded accounts/client AUM to double/triple to ~11%/19% by 2027 (Q225: ~5%/6%), while Singapore remains its core market (~50% of paying clients, ~40% of retail AUM). The broker’s focus on high-quality clients may further support margin gains. </p><p><strong>Q: Will the digital asset business become a meaningful revenue contributor?</strong> </p><p>More likely in the medium to long term (ie, post-2027). Drawing on developments in the US, digital assets may offer incremental avenues for growth and margin opportunities stemming from: 1) higher trading velocity and commission rates in digital spot markets relative to traditional cash equities; 2) broader monetization potential across the ecosystem; and 3) possible client asset inflow acceleration. TIGR has built comprehensive digital asset infrastructure and is gaining traction among investors. That said, the pace of adoption in Hong Kong remains closely linked to regulatory developments, which currently appear cautious. If the regulatory environment turns more constructive, we think there could be a modest revenue uplift of 6-7% by 2027.</p><h2 id=\"id_1473486490\">UBS VIEW</h2><p>We initiate coverage with a Buy rating. Backed by a competitive product suite and a tech-driven model, TIGR is well positioned to capture market share in the two fast-growing wealth hubs of Hong Kong and Singapore. The growth story is clear: rapid client acquisition, deepening wallet share and improving profitability. Digital asset-related activity is an emerging area with long-term potential, rather than immediate upside.</p><h2 id=\"id_4245852216\">EVIDENCE</h2><p>Based on a UBS Global Wealth Report, in 2024 Hong Kong/Singapore account for 0.8%/0.5% of global personal wealth, 10th/11th globally. Average/median wealth per adult has reached US $601k/222k in Hong Kong and US$442k/114k in Singapore. In Q225, TIGR’s newly acquired clients in those markets each brought in ~US$30k, on average (overall average: US$20k), driving 50% and 20% QoQ growth in client AUM in Hong Kong and Singapore. In terms of digital assets, spot trading shows annualized velocity (&gt;7x) far above that in most traditional stock markets (UBSe: 0.3-2.2x).</p><h2 id=\"id_1543338594\">WHAT´S PRICED IN?</h2><p>We believe TIGR’s margin upside and client AUM growth are underestimated. We forecast net margin to reach ~29% by 2027, driven by a ~24% CAGR in client AUM, ahead of Visible Alpha consensus (~25% margin, ~17% CAGR). TIGR is trading at ~12x 12-month-forward PE, likely implying a mid-teens CAGR in client AUM in 2024-27. Our price target of US$13.10 implies 16x 12- month-forward PE.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/07f75ca99f34ca26ccfa7e45cc77529f\" tg-width=\"786\" tg-height=\"396\"></p><h2 id=\"id_3789949466\">Company Description</h2><p>TIGR is a leading online brokerage, offering a proprietary mobile and web platform for global trading across equities and financial instruments. Powered by advanced technology, TIGR enables seamless trading across multiple currencies, markets, products, execution venues and clearinghouses.</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>UBS Initiates Buy on UP Fintech With PT of $13 as the Tech-Driven Broker Riding Asia's Wealth Boom</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\">\nUBS Initiates Buy on UP Fintech With PT of $13 as the Tech-Driven Broker Riding Asia's Wealth Boom\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\">2025-10-23 14:14</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>TIGR, a leading online broker with a global presence, is set to benefit from strong wealth market growth in Hong Kong and Singapore, where investors are increasingly seeking smarter, more cost-effective platforms. With its full suite of products and competitive pricing, UBS think TIGR looks well positioned to win share from traditional institutions. Its tech-first brokerage model may enable high operating leverage, translating into rapid bottom-line growth and margin improvement as client AUM scales. UBS find the story compelling: fast client acquisition, expanding wallet share and improving margins, along with untapped upside potential from digital assets.</p><h3 id=\"id_1187261412\">Margin expansion powered by AUM growth</h3><p>UBS expect TIGR’s net margin to rise from ~16% in 2024 to ~29% by 2027, driven by a ~24% client AUM CAGR. Net client asset inflow of US$10.4/6.3/7.1bn in 2025E/2026E/2027E could be supported by strong traction in Hong Kong and Singapore. We expect Hong Kong’s share of funded accounts/client AUM to double/triple by 2027. Singapore remains TIGR's anchor market, contributing around half of its clients and ~40% of client AUM. TIGR’s product depth and pricing edge cater well to overseas investment demand, especially in US equities and derivatives. We think its focus on high-quality clients further supports a margin uplift.</p><h3 id=\"id_2404543223\">Digital assets: Optionality, not dependency</h3><p>TIGR’s digital asset capability may present medium- to long-term upside potential. The digital asset adoption trajectory remains closely tied to regulatory developments, which have been cautious recently. If the regulatory environment in Hong Kong becomes more supportive, we think there could be a modest revenue uplift of 6-7% by 2027. We view digital assets as a complementary lever in the broker's broader platform, rather than a primary long-term growth driver.</p><h3 id=\"id_795194986\">Valuation: Price target of US$13.10 implies 16x 12-month-forward PE</h3><p>Our US$13.10 price target (16x 12-month-forward PE) is based on a three-stage residual income model. We forecast 2024-27 CAGRs of: 1) 13% in the number of funded accounts; 2) 10% in average client AUM; and 3) 17%/45% in revenue/net income, ahead of Visible Alpha consensus (12%; 5%; 15%/34%). Key risks include: 1) further regulatory scrutiny into Mainland China business; 2) slower-than-expected development in Hong Kong; and 3) worse-than-expected market conditions.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/54aba58bf0e2f75c7002a0bc4aaffe90\" tg-width=\"1037\" tg-height=\"309\"></p><h2 id=\"id_1363636467\">Pivotal Questions</h2><p><strong>Q: Can TIGR steadily improve its net margin to 25-30% by 2027?</strong> </p><p>Highly likely. We forecast its net margin to rise from ~16% in 2024 to ~29% by 2027, driven by a ~24% client AUM CAGR. We expect the broker’s tech-led model to scale efficiently to boost operating leverage and underpin margin improvement. We estimate net client asset inflow of US $10.4/6.3/7.1bn in 2025/2026/2027, fuelled by strong client growth and a rising wallet share, especially in Hong Kong and Singapore. TIGR’s comprehensive product suite meets overseas investment demand, as its competitive pricing wins clients and a superior app experience keeps them. As such, we expect TIGR to consistently win share from traditional brokers and banks. We estimate Hong Kong’s share of funded accounts/client AUM to double/triple to ~11%/19% by 2027 (Q225: ~5%/6%), while Singapore remains its core market (~50% of paying clients, ~40% of retail AUM). The broker’s focus on high-quality clients may further support margin gains. </p><p><strong>Q: Will the digital asset business become a meaningful revenue contributor?</strong> </p><p>More likely in the medium to long term (ie, post-2027). Drawing on developments in the US, digital assets may offer incremental avenues for growth and margin opportunities stemming from: 1) higher trading velocity and commission rates in digital spot markets relative to traditional cash equities; 2) broader monetization potential across the ecosystem; and 3) possible client asset inflow acceleration. TIGR has built comprehensive digital asset infrastructure and is gaining traction among investors. That said, the pace of adoption in Hong Kong remains closely linked to regulatory developments, which currently appear cautious. If the regulatory environment turns more constructive, we think there could be a modest revenue uplift of 6-7% by 2027.</p><h2 id=\"id_1473486490\">UBS VIEW</h2><p>We initiate coverage with a Buy rating. Backed by a competitive product suite and a tech-driven model, TIGR is well positioned to capture market share in the two fast-growing wealth hubs of Hong Kong and Singapore. The growth story is clear: rapid client acquisition, deepening wallet share and improving profitability. Digital asset-related activity is an emerging area with long-term potential, rather than immediate upside.</p><h2 id=\"id_4245852216\">EVIDENCE</h2><p>Based on a UBS Global Wealth Report, in 2024 Hong Kong/Singapore account for 0.8%/0.5% of global personal wealth, 10th/11th globally. Average/median wealth per adult has reached US $601k/222k in Hong Kong and US$442k/114k in Singapore. In Q225, TIGR’s newly acquired clients in those markets each brought in ~US$30k, on average (overall average: US$20k), driving 50% and 20% QoQ growth in client AUM in Hong Kong and Singapore. In terms of digital assets, spot trading shows annualized velocity (&gt;7x) far above that in most traditional stock markets (UBSe: 0.3-2.2x).</p><h2 id=\"id_1543338594\">WHAT´S PRICED IN?</h2><p>We believe TIGR’s margin upside and client AUM growth are underestimated. We forecast net margin to reach ~29% by 2027, driven by a ~24% CAGR in client AUM, ahead of Visible Alpha consensus (~25% margin, ~17% CAGR). TIGR is trading at ~12x 12-month-forward PE, likely implying a mid-teens CAGR in client AUM in 2024-27. Our price target of US$13.10 implies 16x 12- month-forward PE.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/07f75ca99f34ca26ccfa7e45cc77529f\" tg-width=\"786\" tg-height=\"396\"></p><h2 id=\"id_3789949466\">Company Description</h2><p>TIGR is a leading online brokerage, offering a proprietary mobile and web platform for global trading across equities and financial instruments. Powered by advanced technology, TIGR enables seamless trading across multiple currencies, markets, products, execution venues and clearinghouses.</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":"1142211166","content_text":"TIGR, a leading online broker with a global presence, is set to benefit from strong wealth market growth in Hong Kong and Singapore, where investors are increasingly seeking smarter, more cost-effective platforms. With its full suite of products and competitive pricing, UBS think TIGR looks well positioned to win share from traditional institutions. Its tech-first brokerage model may enable high operating leverage, translating into rapid bottom-line growth and margin improvement as client AUM scales. UBS find the story compelling: fast client acquisition, expanding wallet share and improving margins, along with untapped upside potential from digital assets.Margin expansion powered by AUM growthUBS expect TIGR’s net margin to rise from ~16% in 2024 to ~29% by 2027, driven by a ~24% client AUM CAGR. Net client asset inflow of US$10.4/6.3/7.1bn in 2025E/2026E/2027E could be supported by strong traction in Hong Kong and Singapore. We expect Hong Kong’s share of funded accounts/client AUM to double/triple by 2027. Singapore remains TIGR's anchor market, contributing around half of its clients and ~40% of client AUM. TIGR’s product depth and pricing edge cater well to overseas investment demand, especially in US equities and derivatives. We think its focus on high-quality clients further supports a margin uplift.Digital assets: Optionality, not dependencyTIGR’s digital asset capability may present medium- to long-term upside potential. The digital asset adoption trajectory remains closely tied to regulatory developments, which have been cautious recently. If the regulatory environment in Hong Kong becomes more supportive, we think there could be a modest revenue uplift of 6-7% by 2027. We view digital assets as a complementary lever in the broker's broader platform, rather than a primary long-term growth driver.Valuation: Price target of US$13.10 implies 16x 12-month-forward PEOur US$13.10 price target (16x 12-month-forward PE) is based on a three-stage residual income model. We forecast 2024-27 CAGRs of: 1) 13% in the number of funded accounts; 2) 10% in average client AUM; and 3) 17%/45% in revenue/net income, ahead of Visible Alpha consensus (12%; 5%; 15%/34%). Key risks include: 1) further regulatory scrutiny into Mainland China business; 2) slower-than-expected development in Hong Kong; and 3) worse-than-expected market conditions.Pivotal QuestionsQ: Can TIGR steadily improve its net margin to 25-30% by 2027? Highly likely. We forecast its net margin to rise from ~16% in 2024 to ~29% by 2027, driven by a ~24% client AUM CAGR. We expect the broker’s tech-led model to scale efficiently to boost operating leverage and underpin margin improvement. We estimate net client asset inflow of US $10.4/6.3/7.1bn in 2025/2026/2027, fuelled by strong client growth and a rising wallet share, especially in Hong Kong and Singapore. TIGR’s comprehensive product suite meets overseas investment demand, as its competitive pricing wins clients and a superior app experience keeps them. As such, we expect TIGR to consistently win share from traditional brokers and banks. We estimate Hong Kong’s share of funded accounts/client AUM to double/triple to ~11%/19% by 2027 (Q225: ~5%/6%), while Singapore remains its core market (~50% of paying clients, ~40% of retail AUM). The broker’s focus on high-quality clients may further support margin gains. Q: Will the digital asset business become a meaningful revenue contributor? More likely in the medium to long term (ie, post-2027). Drawing on developments in the US, digital assets may offer incremental avenues for growth and margin opportunities stemming from: 1) higher trading velocity and commission rates in digital spot markets relative to traditional cash equities; 2) broader monetization potential across the ecosystem; and 3) possible client asset inflow acceleration. TIGR has built comprehensive digital asset infrastructure and is gaining traction among investors. That said, the pace of adoption in Hong Kong remains closely linked to regulatory developments, which currently appear cautious. If the regulatory environment turns more constructive, we think there could be a modest revenue uplift of 6-7% by 2027.UBS VIEWWe initiate coverage with a Buy rating. Backed by a competitive product suite and a tech-driven model, TIGR is well positioned to capture market share in the two fast-growing wealth hubs of Hong Kong and Singapore. The growth story is clear: rapid client acquisition, deepening wallet share and improving profitability. Digital asset-related activity is an emerging area with long-term potential, rather than immediate upside.EVIDENCEBased on a UBS Global Wealth Report, in 2024 Hong Kong/Singapore account for 0.8%/0.5% of global personal wealth, 10th/11th globally. Average/median wealth per adult has reached US $601k/222k in Hong Kong and US$442k/114k in Singapore. In Q225, TIGR’s newly acquired clients in those markets each brought in ~US$30k, on average (overall average: US$20k), driving 50% and 20% QoQ growth in client AUM in Hong Kong and Singapore. In terms of digital assets, spot trading shows annualized velocity (>7x) far above that in most traditional stock markets (UBSe: 0.3-2.2x).WHAT´S PRICED IN?We believe TIGR’s margin upside and client AUM growth are underestimated. We forecast net margin to reach ~29% by 2027, driven by a ~24% CAGR in client AUM, ahead of Visible Alpha consensus (~25% margin, ~17% CAGR). TIGR is trading at ~12x 12-month-forward PE, likely implying a mid-teens CAGR in client AUM in 2024-27. Our price target of US$13.10 implies 16x 12- month-forward PE.Company DescriptionTIGR is a leading online brokerage, offering a proprietary mobile and web platform for global trading across equities and financial instruments. Powered by advanced technology, TIGR enables seamless trading across multiple currencies, markets, products, execution venues and clearinghouses.","news_type":1,"symbols_score_info":{"TIGR":1.1}},"isVote":1,"tweetType":1,"viewCount":220,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":454847052206312,"gmtCreate":1752064603413,"gmtModify":1752064606353,"author":{"id":"4177551220892972","authorId":"4177551220892972","name":"Richard low","avatar":"https://community-static.tradeup.com/news/5af3ffd559f9b19c1a8f53864a65332c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4177551220892972","idStr":"4177551220892972"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SERV\">$Serve Robotics Inc.(SERV)$&nbsp;</a><v-v data-views=\"1\"></v-v> have future have potential up up up 🔝&nbsp;","listText":"<a href=\"https://ttm.financial/S/SERV\">$Serve Robotics Inc.(SERV)$&nbsp;</a><v-v data-views=\"1\"></v-v> have future have potential up up up 🔝&nbsp;","text":"$Serve Robotics Inc.(SERV)$ have future have potential up up up 🔝","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/454847052206312","isVote":1,"tweetType":1,"viewCount":848,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":454406205202456,"gmtCreate":1751969326343,"gmtModify":1751969330111,"author":{"id":"4177551220892972","authorId":"4177551220892972","name":"Richard low","avatar":"https://community-static.tradeup.com/news/5af3ffd559f9b19c1a8f53864a65332c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4177551220892972","idStr":"4177551220892972"},"themes":[],"htmlText":"Circle ⭕️ re soring rocket 🚀 future link many USD deal -circle ⭕️ great again !","listText":"Circle ⭕️ re soring rocket 🚀 future link many USD deal -circle ⭕️ great again !","text":"Circle ⭕️ re soring rocket 🚀 future link many USD deal -circle ⭕️ great again !","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/454406205202456","isVote":1,"tweetType":1,"viewCount":753,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":452417054368032,"gmtCreate":1751477013625,"gmtModify":1751477015379,"author":{"id":"4177551220892972","authorId":"4177551220892972","name":"Richard low","avatar":"https://community-static.tradeup.com/news/5af3ffd559f9b19c1a8f53864a65332c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4177551220892972","idStr":"4177551220892972"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SERV\">$Serve Robotics Inc.(SERV)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;","listText":"<a href=\"https://ttm.financial/S/SERV\">$Serve Robotics Inc.(SERV)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;","text":"$Serve 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