To The Moon

🌟🌟🌟UP Fintech Holding $Tiger Brokers(TIGR)$ more popularly known as Tiger Brokers is like a rocket to the moon!  Its share price is up 34.8% on Friday trading and in the past 5 days it has jumped a whopping 127%!

On Tuesday September 24, the Chinese authorities announced a blitz of stimulus measures which sparked bullish optimism among investors.  This was just after the Feds announced a jumbo 50 basis points rate cut.  Double Happiness!

Since then there was a massive rally in Chinese stocks which was unprecedented!  Tiger Brokers have gained 127% in the past 5 trading sessions with more than 38 million shares traded.  In contrast its 100 day average is 1.595 million.  It has hit a 52 week high of USD 12.42 which is simply amazing considering its 52 week low is just USD 3.10.

On August 30 2024, Tiger Brokers announced its Q2 24 earnings.  Total revenue for the quarter was USD 87.4 million which was an all time high and 32.4% year over year.  This was due to an increase of trading volume of 23.9% quarter over quarter and 62.5% year over year to USD 105.9 billion driven by a more active market environment and comprehensive product offerings. 

In Q2 24 Tiger Brokers added 48,900 new funded accounts, bringing its total number of funded accounts to 982,300, a 16.8% increase compared to previous year quarter.  In August, the total number of funded accounts now exceeds the 1 million milestone. 

In July this year, Tiger Brokers celebrated its 10th Anniversary with over 10 million users globally.  Since setting up its headquarters in Singapore in 2020, the Singapore traders now represents the largest share in Tiger Brokers' total funded clients.   Tiger Brokers has seen a compound annual growth rate of 539% in local account openings since entering the Singapore market with one third of Singapore residents having used Tiger Trade. 

According to CEO Wu Tian Hua, he started Tiger Brokers with a mission and that is to build a platform that prioritises its users and creates incremental value for them.  "Customers First" is not just a tagline, it is Tiger Brokers' promise and practice. 

It is not surprising that Tiger Brokers Singapore was selected as the Winner of the Best Retail Broker Award category in 2023.  Tiger Brokers also received the Fintech - Financial Services Award at the 2023 SBR Technology Awards for its advanced digital capabilities and exemplary customer service. 

I have just started to invest in Tiger Brokers in August 2024 as I believe that its share price was undervalued and oversold.  I could see the tremendous upside potential in Tiger Brokers with its innovative cutting edge technologies that have enhanced users' experience and its laser focus on customer-centric experience. 

Being a user and an investor gives me an added dimension when I invest in Tiger Brokers as I know how well this wonderful company helps me in fulfilling my desired goal of achieving FIRE - Financial Independence Retire Early.  The seamless experience when I trade and most importantly the knowledge I gain from learning and being part of the magnificent family of the Tiger Community. 

I was super excited when Tiger Brokers share price jumped this week and believe that this is just the start of the Tiger Brokers' turning point to be a world class Fintech company.  The work is not done yet as there are still myriad opportunities for Tiger Brokers to expand into new markets and new products.  I am so glad to be part of this  exciting growth ahead and ultimately reap the magic of compounding in the long term by investing in Tiger Brokers. 

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