Do you realise a difference? Whose telling the truth?
@Tiger_comments @Tigerbrokers @TigerStars @MillionaireTiger
For those who invest or trade through tiger brokers, are you aware that some of the information provided does not tally with what comes out in company’s annual report?
Just as an example, for those who invest in SGX stocks, you can double check this against any company annual report.
Let’s use OCBC bank (O39) as an example. In their latest annual report 2022, under statistics of shareholders, ranked 2nd is Selat (Pte) Limited with 467,604,264 shares which accounts for 10.40% of total share count. If you double check the shareholder statistics for OCBC in the tiger app, you will find that Selat (Pte) Limited is reported to have 649.33 million shares which according to tiger translates to 14.45% of total share count.
But hang on a minute, where did the EXTRA 181,725,736 shares COME FROM? Magically appear? Both don’t tally!
Furthermore, according to financial highlights from the annual report by the company, per ordinary share net asset value is $11.43 but on Tiger brokers it reflects $11.82.
CAN there be a $0.39 DIFFERENCE in ACTUAL price? Does this mean that OCBC annual report is wrong? Or is Tiger brokers wrong?
Heads up to those that are invested, do exercise caution in these companies!
From tiger brokers
from OCBC annual report 2022
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Hello, we checked the data and confirmed that there is no problem with the shareholder ranking.
If the name of the owner includes "Nominee", "Custodial Account", "Trust Account ", "Securities Custodian" or "Depository", "Client Account", "Brokerage ", etc., they are not collected by the data provider because they represent the holdings of the group owners and not the beneficial owners.
nice catch! but we’d best check the documents on companies’ website.
better to compare different data. some are too old i believe.
ok first time to see this feature. thanks.