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Abez
Abez
·
2021-10-05
Like pls
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Abez
Abez
·
2021-08-05
Cloud flare
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Abez
Abez
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2021-08-02
Amazing! Pls like
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Abez
Abez
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2021-07-17
Like and comment pls
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Abez
Abez
·
2021-07-17
Pls like and comment
'Bad Omen' For Meme Stocks And The Retail Trading Boom? Here's What The Data Says<blockquote>迷因股票和零售交易繁荣的“坏兆头”？数据是这么说的</blockquote>
Social media meme stocks GameStop Corp.(NYSE:GME) and AMC Entertainment Holdings Inc(NYSE:AMC) took
'Bad Omen' For Meme Stocks And The Retail Trading Boom? Here's What The Data Says<blockquote>迷因股票和零售交易繁荣的“坏兆头”？数据是这么说的</blockquote>
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Abez
Abez
·
2021-06-27
Great!
China Renaissance's Target Price For UP Fintech Holding Limited Are Surging Higher<blockquote>华兴资本对老虎证券控股有限公司的目标价飙升</blockquote>
(June 2) UP Fintech Holding Limited(NASDAQ:TIGR) shareholders will have a reason to smile today, wit
China Renaissance's Target Price For UP Fintech Holding Limited Are Surging Higher<blockquote>华兴资本对老虎证券控股有限公司的目标价飙升</blockquote>
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Abez
Abez
·
2021-06-21
Please like and comment
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Abez
Abez
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2021-06-21
Please like
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Abez
Abez
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2021-06-17
Good
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Abez
Abez
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2021-06-14
Like and comment pls
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Here's What The Data Says<blockquote>迷因股票和零售交易繁荣的“坏兆头”？数据是这么说的</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1159574501","media":"Benzinga","summary":"Social media meme stocks GameStop Corp.(NYSE:GME) and AMC Entertainment Holdings Inc(NYSE:AMC) took ","content":"<p><div> Social media meme stocks GameStop Corp.(NYSE:GME) and AMC Entertainment Holdings Inc(NYSE:AMC) took a beating this week, with GameStop on track to finish the week down 9% and AMC set to lose 20.9% in ...</p><p><blockquote><div>社交媒体meme股票游戏驿站公司（纽约证券交易所代码：GME）和AMC院线控股公司（纽约证券交易所代码：AMC）本周遭受重创，游戏驿站本周将下跌9%，AMC将下跌20.9%。</div></blockquote></p><p> <a href=\"https://www.benzinga.com/analyst-ratings/analyst-color/21/07/22023662/bad-omen-for-meme-stocks-and-the-retail-trading-boom-heres-what-the-data-says\">网页链接</a> </div> </p><p><blockquote><a href=\"https://www.benzinga.com/analyst-ratings/analyst-color/21/07/22023662/bad-omen-for-meme-stocks-and-the-retail-trading-boom-heres-what-the-data-says\">网页连接</a></blockquote></p><p></p>","source":"lsy1606299360108","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>'Bad Omen' For Meme Stocks And The Retail Trading Boom? Here's What The Data Says<blockquote>迷因股票和零售交易繁荣的“坏兆头”？数据是这么说的</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n'Bad Omen' For Meme Stocks And The Retail Trading Boom? Here's What The Data Says<blockquote>迷因股票和零售交易繁荣的“坏兆头”？数据是这么说的</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2021-07-17 09:08</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> Social media meme stocks GameStop Corp.(NYSE:GME) and AMC Entertainment Holdings Inc(NYSE:AMC) took a beating this week, with GameStop on track to finish the week down 9% and AMC set to lose 20.9% in ...</p><p><blockquote><div>社交媒体meme股票游戏驿站公司（纽约证券交易所代码：GME）和AMC院线控股公司（纽约证券交易所代码：AMC）本周遭受重创，游戏驿站本周将下跌9%，AMC将下跌20.9%。</div></blockquote></p><p> <a href=\"https://www.benzinga.com/analyst-ratings/analyst-color/21/07/22023662/bad-omen-for-meme-stocks-and-the-retail-trading-boom-heres-what-the-data-says\">网页链接</a> </div> </p><p><blockquote><a href=\"https://www.benzinga.com/analyst-ratings/analyst-color/21/07/22023662/bad-omen-for-meme-stocks-and-the-retail-trading-boom-heres-what-the-data-says\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.benzinga.com/analyst-ratings/analyst-color/21/07/22023662/bad-omen-for-meme-stocks-and-the-retail-trading-boom-heres-what-the-data-says\">Benzinga</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站","AMC":"AMC院线","TLRY":"Tilray Inc."},"source_url":"https://www.benzinga.com/analyst-ratings/analyst-color/21/07/22023662/bad-omen-for-meme-stocks-and-the-retail-trading-boom-heres-what-the-data-says","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159574501","content_text":"Social media meme stocks GameStop Corp.(NYSE:GME) and AMC Entertainment Holdings Inc(NYSE:AMC) took a beating this week, with GameStop on track to finish the week down 9% and AMC set to lose 20.9% in Friday afternoon trading.\nDataTrek Research co-founder Nicholas Colas said this week there is an ominous sign the meme stock phenomenon may be dying a slow death.\nRetail Trading Boom:DataTrek has been periodically tracking the boom in retail traders triggered during the pandemic in 2020 and 2021 by monitoring U.S. Google search volume for the keywords “invest” and “buy stock.” Colas said these basic search terms are a broad way to gauge marginal retail investor interest in the stock market.\nThe image below shows how search volume for those key phrases has changed since the beginning of 2020.\n\nColas said the search volume data clearly indicates the retail stock trading fad is completely over at this point, a “very bad omen” for AMC and GameStop. In fact, Google search volume is now back down to where it was before the pandemic started in early 2020.\nIn addition, search volumes are now down 75% from their peak levels during the initial short squeezes in AMC and GameStop back in January 2021.\nColas said meme stocks like AMC need new retail stock traders to join in the buying to support their stock prices else they could be headed for more volatility like they have experienced this week.\n“Bubbles need fresh money, or they deflate. Quickly,” Colas wrote. “Every craze needs new adherents (i.e., not just the same crowd) to keep it relevant, and the Google chart shows those are in increasingly short supply.”\nPMP Weighs In:Benzinga PreMarket Prep co-host Dennis Dick said a good story can carry a stock a long way, and some stocks can even become so hot that they become temporarily disconnected from the company’s underlying fundamentals.\n“We have seen that in a number of meme stocks this year. Story can drive price in the short run but stocks almost always return back to their fundamental value in the long run,” Dick said.\nThe type of disconnect between share price and underlying value that AMC and GameStop have experienced in 2021 is certainly nothing new. Canadian cannabis stock Tilray Inc(NASDAQ:TLRY) experienced a similar disconnect back in 2018 when a retail stock mania sent the stock skyrocketing up to $300. Today, Tilray is trading back down at around $13.90.\n“As the stock price begins to fall, momentum traders who have been chasing the hot story will begin to exit. But if the stock trades at an extreme valuation, there may be very few traders willing to buy. This is what we are starting to see in many meme stocks today,” Dick said.\nBenzinga's Take:If the story begins to get hot again, the stock prices of overvalued story stocks can always recover once again. But without any underlying fundamentals to support the valuation, these types of stocks need a constant stream of new buyers and an increasingly bullish story to generate fresh enthusiasm.","news_type":1,"symbols_score_info":{"GME":0.9,"TLRY":0.9,"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":3147,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":124629810,"gmtCreate":1624763013130,"gmtModify":1631889678448,"author":{"id":"3560852841944646","authorId":"3560852841944646","name":"Abez","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560852841944646","idStr":"3560852841944646"},"themes":[],"htmlText":"Great!","listText":"Great!","text":"Great!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/124629810","repostId":"1199111142","repostType":2,"repost":{"id":"1199111142","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":1622633566,"share":"https://www.laohu8.com/m/news/1199111142?lang=zh_CN&edition=full","pubTime":"2021-06-02 19:32","market":"us","language":"en","title":"China Renaissance's Target Price For UP Fintech Holding Limited Are Surging Higher<blockquote>华兴资本对老虎证券控股有限公司的目标价飙升</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1199111142","media":"Tiger Newspress","summary":"(June 2) UP Fintech Holding Limited(NASDAQ:TIGR) shareholders will have a reason to smile today, wit","content":"<p>(June 2) <b>UP Fintech Holding Limited</b>(NASDAQ:TIGR) shareholders will have a reason to smile today, with China Renaissance making substantial upgrades to this year's forecasts. The consensus estimated revenue numbers rose, with their view now clearly much more bullish on the company's business prospects. The market may be pricing in some blue sky too, with the share price gaining 25% to US$22.21 in the last 7 days.</p><p><blockquote>（6月2日）<b>老虎证券控股有限公司</b>（纳斯达克：TIGR）股东今天将有理由微笑，华兴资本大幅上调了今年的预测。普遍预期的收入数字上升，他们现在显然对公司的业务前景更加乐观。市场定价也可能出现一些蓝天，股价在过去7天内上涨了25%至22.21美元。</blockquote></p><p> Following the upgrade, arget Price For UP Fintech Holding Limited is $38.5 vs $30 days ago.</p><p><blockquote>升级后，老虎证券控股有限公司的目标价为38.5美元，而30天前为38.5美元。</blockquote></p><p> <b>HK license acquisition to boost overall business.</b> Tiger submitted its Hong Kong brokerage license application to the Securities and Futures Commission (SFC) in late February and expects feedback around three months after the submission. We believe getting a HK brokerage license will help Tiger: 1) generate additional user growth in Hong Kong’s retail market (we have not factored in HK client adds in our model yet); 2) improve monetization in HK retail IPO distribution, with direct access to IPO allocation and financing; and 3) save costs on HK stock clearing. For its overseas expansion, we estimate Tiger acquired over 60k paying clients in Singapore in 1Q21, which exceeded new adds from mainland China, and we expect this momentum should continue given its trading app ranks top among finance apps in Singapore app stores. Tiger achieved net margin of 29% in 1Q21 (vs. 16% in 2020) and we see further upside potential. This compares with 53% net margin for Futu in the same quarter. Tiger’s current market cap is only 16% of Futu’s while its client assets are 36% of Futu’s as of 1Q21. Tiger is now our preferred pick in the online broker sector and we view the HK license acquisition as the key upside catalyst.</p><p><blockquote><b>收购香港牌照以提振整体业务。</b>老虎于2月下旬向证监会（SFC）提交了香港券商牌照申请，预计在提交后三个月左右获得反馈。我们相信获得香港经纪牌照将有助于老虎：1）在香港零售市场产生额外的用户增长（我们尚未在模型中考虑香港客户的增加）；2）改善香港零售IPO分销的货币化，直接获得IPO分配和融资；及3)节省香港股票结算成本。对于其海外扩张，我们估计Tiger在新加坡2021年第一季度获得了超过6万名付费客户，超过了mainland China的新增客户，鉴于其交易应用程序在新加坡应用商店的金融应用程序中排名第一，我们预计这种势头应该会持续下去。Tiger在2021年第一季度的净利润率为29%（2020年为16%），我们看到了进一步的上升潜力。相比之下，富途同季度的净利润率为53%。截至2021年第一季度，老虎目前的市值仅为富途的16%，而其客户资产为富途的36%。老虎现在是我们在在线经纪商领域的首选，我们将香港牌照收购视为关键的上涨催化剂。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/7012b2830c8bc0d89ef2f73c2f660412\" tg-width=\"541\" tg-height=\"423\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b>1Q21 results highlights.</b> In 1Q21, Tiger added 117k new paying clients with over 50% from overseas markets, and total paying clients reached 376k, up 180% YoY. Total client assets grew 290% YoY (34% QoQ) to US$21bn and average paying client account balance was US$57k. Trading volume was US$124bn, up 181% YoY (89% QoQ) with annualized trading velocity of 27x. Tiger participated in 14 IPOs and underwrote eight of them. It added 41 Employee Stock Ownership Plan (ESOP) clients in 1Q21 (total recorded now 165). The company achieved non-GAAP net profit of US$23mn in 1Q21, up 21x YoY, and net margin rose to 29% from 22% in 4Q20 and 5% in 1Q20.</p><p><blockquote><b>2021年第一季度结果亮点。</b>在2021年第一季度，老虎新增付费客户11.7万，其中超过50%来自海外市场，付费客户总数达到37.6万，同比增长180%。客户总资产同比增长290%（环比增长34%）至210亿美元，平均付费客户账户余额为5.7万美元。交易量为1240亿美元，同比增长181%（环比增长89%），年化交易速度为27倍。老虎参与了14起IPO，承销了其中8起。它在2021年第一季度增加了41个员工持股计划(ESOP)客户（目前记录总数为165个）。该公司在2021年第一季度实现非公认会计准则净利润2300万美元，同比增长21倍，净利润率从2020年第四季度的22%和2020年第一季度的5%升至29%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/13c08b724e77a2679e2ff15cff2a4bbe\" tg-width=\"1119\" tg-height=\"489\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b>Model update.</b> We increase non-GAAP net profit for 2021E/22E/23E by 61%/14%/3% to reflect: 1) higher paying client growth with faster overseas expansion; 2) higher client trading velocity offset by a lower average client asset balance; and 3) downward-trending effective tax rate. We forecast Tiger’s non-GAAP net profit to record an 83% CAGR in 2020-23E, without factoring in potential benefits to accrue from obtaining a HK license.</p><p><blockquote><b>模型更新。</b>我们将2021E/22E/23E的非GAAP净利润提高61%/14%/3%，以反映：1）更高的付费客户增长和更快的海外扩张；2)较高的客户交易速度被较低的平均客户资产余额所抵消；3）有效税率呈下降趋势。我们预测老虎的非GAAP净利润在2020-23E年复合年增长率为83%，不考虑获得香港牌照带来的潜在好处。</blockquote></p><p> <b>Reiterate BUY and lift TP to US$38.50 (from US$30.00), </b>based on 60x 2021E-22E average P/E (unchanged) and our revised earnings forecasts.Risks include:1) Market downturn; 2) intensifying competition; 3) tighter capital controls in China; and 4) the need to raise capital</p><p><blockquote><b>重申买入并将TP上调至38.50美元（从30.00美元），</b>基于60倍2021E-22 E平均市盈率（不变）和我们修订后的盈利预测。风险包括：1）市场低迷；2）竞争加剧；3）中国资本管制收紧；及4）筹集资金的需要</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ea9cb5dd48025922766157e7e29de4d6\" tg-width=\"1117\" tg-height=\"879\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></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>China Renaissance's Target Price For UP Fintech Holding Limited Are Surging Higher<blockquote>华兴资本对老虎证券控股有限公司的目标价飙升</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\nChina Renaissance's Target Price For UP Fintech Holding Limited Are Surging Higher<blockquote>华兴资本对老虎证券控股有限公司的目标价飙升</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\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 smaller\">2021-06-02 19:32</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(June 2) <b>UP Fintech Holding Limited</b>(NASDAQ:TIGR) shareholders will have a reason to smile today, with China Renaissance making substantial upgrades to this year's forecasts. The consensus estimated revenue numbers rose, with their view now clearly much more bullish on the company's business prospects. The market may be pricing in some blue sky too, with the share price gaining 25% to US$22.21 in the last 7 days.</p><p><blockquote>（6月2日）<b>老虎证券控股有限公司</b>（纳斯达克：TIGR）股东今天将有理由微笑，华兴资本大幅上调了今年的预测。普遍预期的收入数字上升，他们现在显然对公司的业务前景更加乐观。市场定价也可能出现一些蓝天，股价在过去7天内上涨了25%至22.21美元。</blockquote></p><p> Following the upgrade, arget Price For UP Fintech Holding Limited is $38.5 vs $30 days ago.</p><p><blockquote>升级后，老虎证券控股有限公司的目标价为38.5美元，而30天前为38.5美元。</blockquote></p><p> <b>HK license acquisition to boost overall business.</b> Tiger submitted its Hong Kong brokerage license application to the Securities and Futures Commission (SFC) in late February and expects feedback around three months after the submission. We believe getting a HK brokerage license will help Tiger: 1) generate additional user growth in Hong Kong’s retail market (we have not factored in HK client adds in our model yet); 2) improve monetization in HK retail IPO distribution, with direct access to IPO allocation and financing; and 3) save costs on HK stock clearing. For its overseas expansion, we estimate Tiger acquired over 60k paying clients in Singapore in 1Q21, which exceeded new adds from mainland China, and we expect this momentum should continue given its trading app ranks top among finance apps in Singapore app stores. Tiger achieved net margin of 29% in 1Q21 (vs. 16% in 2020) and we see further upside potential. This compares with 53% net margin for Futu in the same quarter. Tiger’s current market cap is only 16% of Futu’s while its client assets are 36% of Futu’s as of 1Q21. Tiger is now our preferred pick in the online broker sector and we view the HK license acquisition as the key upside catalyst.</p><p><blockquote><b>收购香港牌照以提振整体业务。</b>老虎于2月下旬向证监会（SFC）提交了香港券商牌照申请，预计在提交后三个月左右获得反馈。我们相信获得香港经纪牌照将有助于老虎：1）在香港零售市场产生额外的用户增长（我们尚未在模型中考虑香港客户的增加）；2）改善香港零售IPO分销的货币化，直接获得IPO分配和融资；及3)节省香港股票结算成本。对于其海外扩张，我们估计Tiger在新加坡2021年第一季度获得了超过6万名付费客户，超过了mainland China的新增客户，鉴于其交易应用程序在新加坡应用商店的金融应用程序中排名第一，我们预计这种势头应该会持续下去。Tiger在2021年第一季度的净利润率为29%（2020年为16%），我们看到了进一步的上升潜力。相比之下，富途同季度的净利润率为53%。截至2021年第一季度，老虎目前的市值仅为富途的16%，而其客户资产为富途的36%。老虎现在是我们在在线经纪商领域的首选，我们将香港牌照收购视为关键的上涨催化剂。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/7012b2830c8bc0d89ef2f73c2f660412\" tg-width=\"541\" tg-height=\"423\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b>1Q21 results highlights.</b> In 1Q21, Tiger added 117k new paying clients with over 50% from overseas markets, and total paying clients reached 376k, up 180% YoY. Total client assets grew 290% YoY (34% QoQ) to US$21bn and average paying client account balance was US$57k. Trading volume was US$124bn, up 181% YoY (89% QoQ) with annualized trading velocity of 27x. Tiger participated in 14 IPOs and underwrote eight of them. It added 41 Employee Stock Ownership Plan (ESOP) clients in 1Q21 (total recorded now 165). The company achieved non-GAAP net profit of US$23mn in 1Q21, up 21x YoY, and net margin rose to 29% from 22% in 4Q20 and 5% in 1Q20.</p><p><blockquote><b>2021年第一季度结果亮点。</b>在2021年第一季度，老虎新增付费客户11.7万，其中超过50%来自海外市场，付费客户总数达到37.6万，同比增长180%。客户总资产同比增长290%（环比增长34%）至210亿美元，平均付费客户账户余额为5.7万美元。交易量为1240亿美元，同比增长181%（环比增长89%），年化交易速度为27倍。老虎参与了14起IPO，承销了其中8起。它在2021年第一季度增加了41个员工持股计划(ESOP)客户（目前记录总数为165个）。该公司在2021年第一季度实现非公认会计准则净利润2300万美元，同比增长21倍，净利润率从2020年第四季度的22%和2020年第一季度的5%升至29%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/13c08b724e77a2679e2ff15cff2a4bbe\" tg-width=\"1119\" tg-height=\"489\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b>Model update.</b> We increase non-GAAP net profit for 2021E/22E/23E by 61%/14%/3% to reflect: 1) higher paying client growth with faster overseas expansion; 2) higher client trading velocity offset by a lower average client asset balance; and 3) downward-trending effective tax rate. We forecast Tiger’s non-GAAP net profit to record an 83% CAGR in 2020-23E, without factoring in potential benefits to accrue from obtaining a HK license.</p><p><blockquote><b>模型更新。</b>我们将2021E/22E/23E的非GAAP净利润提高61%/14%/3%，以反映：1）更高的付费客户增长和更快的海外扩张；2)较高的客户交易速度被较低的平均客户资产余额所抵消；3）有效税率呈下降趋势。我们预测老虎的非GAAP净利润在2020-23E年复合年增长率为83%，不考虑获得香港牌照带来的潜在好处。</blockquote></p><p> <b>Reiterate BUY and lift TP to US$38.50 (from US$30.00), </b>based on 60x 2021E-22E average P/E (unchanged) and our revised earnings forecasts.Risks include:1) Market downturn; 2) intensifying competition; 3) tighter capital controls in China; and 4) the need to raise capital</p><p><blockquote><b>重申买入并将TP上调至38.50美元（从30.00美元），</b>基于60倍2021E-22 E平均市盈率（不变）和我们修订后的盈利预测。风险包括：1）市场低迷；2）竞争加剧；3）中国资本管制收紧；及4）筹集资金的需要</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ea9cb5dd48025922766157e7e29de4d6\" tg-width=\"1117\" tg-height=\"879\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199111142","content_text":"(June 2) UP Fintech Holding Limited(NASDAQ:TIGR) shareholders will have a reason to smile today, with China Renaissance making substantial upgrades to this year's forecasts. The consensus estimated revenue numbers rose, with their view now clearly much more bullish on the company's business prospects. The market may be pricing in some blue sky too, with the share price gaining 25% to US$22.21 in the last 7 days.\nFollowing the upgrade, arget Price For UP Fintech Holding Limited is $38.5 vs $30 days ago.\nHK license acquisition to boost overall business. Tiger submitted its Hong Kong brokerage license application to the Securities and Futures Commission (SFC) in late February and expects feedback around three months after the submission. We believe getting a HK brokerage license will help Tiger: 1) generate additional user growth in Hong Kong’s retail market (we have not factored in HK client adds in our model yet); 2) improve monetization in HK retail IPO distribution, with direct access to IPO allocation and financing; and 3) save costs on HK stock clearing. For its overseas expansion, we estimate Tiger acquired over 60k paying clients in Singapore in 1Q21, which exceeded new adds from mainland China, and we expect this momentum should continue given its trading app ranks top among finance apps in Singapore app stores. Tiger achieved net margin of 29% in 1Q21 (vs. 16% in 2020) and we see further upside potential. This compares with 53% net margin for Futu in the same quarter. Tiger’s current market cap is only 16% of Futu’s while its client assets are 36% of Futu’s as of 1Q21. Tiger is now our preferred pick in the online broker sector and we view the HK license acquisition as the key upside catalyst.\n\n1Q21 results highlights. In 1Q21, Tiger added 117k new paying clients with over 50% from overseas markets, and total paying clients reached 376k, up 180% YoY. Total client assets grew 290% YoY (34% QoQ) to US$21bn and average paying client account balance was US$57k. Trading volume was US$124bn, up 181% YoY (89% QoQ) with annualized trading velocity of 27x. Tiger participated in 14 IPOs and underwrote eight of them. It added 41 Employee Stock Ownership Plan (ESOP) clients in 1Q21 (total recorded now 165). The company achieved non-GAAP net profit of US$23mn in 1Q21, up 21x YoY, and net margin rose to 29% from 22% in 4Q20 and 5% in 1Q20.\n\nModel update. We increase non-GAAP net profit for 2021E/22E/23E by 61%/14%/3% to reflect: 1) higher paying client growth with faster overseas expansion; 2) higher client trading velocity offset by a lower average client asset balance; and 3) downward-trending effective tax rate. We forecast Tiger’s non-GAAP net profit to record an 83% CAGR in 2020-23E, without factoring in potential benefits to accrue from obtaining a HK license.\nReiterate BUY and lift TP to US$38.50 (from US$30.00), based on 60x 2021E-22E average P/E (unchanged) and our revised earnings forecasts.Risks include:1) Market downturn; 2) intensifying competition; 3) tighter capital controls in China; and 4) the need to raise capital","news_type":1,"symbols_score_info":{"TIGR":0.9}},"isVote":1,"tweetType":1,"viewCount":3140,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167931178,"gmtCreate":1624241863694,"gmtModify":1631889678454,"author":{"id":"3560852841944646","authorId":"3560852841944646","name":"Abez","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560852841944646","idStr":"3560852841944646"},"themes":[],"htmlText":"Please like and comment","listText":"Please like and comment","text":"Please like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/167931178","repostId":"1154249454","repostType":4,"isVote":1,"tweetType":1,"viewCount":2831,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167931019,"gmtCreate":1624241846231,"gmtModify":1631889678453,"author":{"id":"3560852841944646","authorId":"3560852841944646","name":"Abez","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560852841944646","idStr":"3560852841944646"},"themes":[],"htmlText":"Please like","listText":"Please like","text":"Please like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/167931019","repostId":"1182485162","repostType":4,"isVote":1,"tweetType":1,"viewCount":1770,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":163106882,"gmtCreate":1623861169046,"gmtModify":1631889678459,"author":{"id":"3560852841944646","authorId":"3560852841944646","name":"Abez","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560852841944646","idStr":"3560852841944646"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/163106882","repostId":"2143978737","repostType":4,"isVote":1,"tweetType":1,"viewCount":2531,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":184310779,"gmtCreate":1623683848491,"gmtModify":1631889678460,"author":{"id":"3560852841944646","authorId":"3560852841944646","name":"Abez","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560852841944646","idStr":"3560852841944646"},"themes":[],"htmlText":"Like and comment pls ","listText":"Like and comment pls ","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/184310779","repostId":"2143378010","repostType":4,"isVote":1,"tweetType":1,"viewCount":1917,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":false}