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ALEXNG88
ALEXNG88
·
2021-12-08
[smile]
@Kbchoo:
$Visa(V)$visa...bring me fly higher
$Visa(V)$visa...bring me fly higher
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ALEXNG88
ALEXNG88
·
2021-12-06
[smile]
Didi Global shares tumbled 10% in premarket trading
Didi Global shares tumbled 10% in premarket trading, after rising nearly 15%. Didi Global Inc.has b
Didi Global shares tumbled 10% in premarket trading
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ALEXNG88
ALEXNG88
·
2021-11-30
[微笑]
Tiger Brokers Achieved Annual Target for New Account Growth, Over 80% Of Newly Funded Accounts Came from Overseas in Q3
Tiger Brokers, a leading online brokerage firm focusing on global investors, today reported its unau
Tiger Brokers Achieved Annual Target for New Account Growth, Over 80% Of Newly Funded Accounts Came from Overseas in Q3
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ALEXNG88
ALEXNG88
·
2021-11-17
[微笑]
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ALEXNG88
ALEXNG88
·
2021-11-16
[微笑]
@新虎分析:
$SINGAPORE AIRLINES LTD(C6L.SI)$[看涨] ?
$SINGAPORE AIRLINES LTD(C6L.SI)$[看涨] ?
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ALEXNG88
ALEXNG88
·
2021-11-12
[微笑]
UP Fintech Holding Limited’s Singapore Subsidiary Receives Official Approval Regarding Securities Trading and Clearing in Singapore
BEIJING, Nov. 05, 2021 (GLOBE NEWSWIRE) -- UP Fintech Holding Limited (Nasdaq: TIGR) (“UP Fintech” o
UP Fintech Holding Limited’s Singapore Subsidiary Receives Official Approval Regarding Securities Trading and Clearing in Singapore
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ALEXNG88
ALEXNG88
·
2021-11-10
$Senseonics(SENS)$
[微笑]
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ALEXNG88
ALEXNG88
·
2021-11-05
$Nano Dimension(NNDM)$
😀😀
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ALEXNG88
ALEXNG88
·
2021-11-04
[微笑]
This Growth Stock Is Up More Than 340% in 2021 --- and It Can Still Double From Here
Despite its big run-up, LendingClub still trades at a valuation that's cheap compared to its peers.
This Growth Stock Is Up More Than 340% in 2021 --- and It Can Still Double From Here
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ALEXNG88
ALEXNG88
·
2021-10-29
🥵
$Tiger Brokers(TIGR)$
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","text":"[smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/608755241","repostId":"1128586085","repostType":4,"repost":{"id":"1128586085","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":1638534720,"share":"https://ttm.financial/m/news/1128586085?lang=&edition=full","pubTime":"2021-12-03 20:32","market":"us","language":"en","title":"Didi Global shares tumbled 10% in premarket trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1128586085","media":"Tiger Newspress","summary":"Didi Global shares tumbled 10% in premarket trading, after rising nearly 15%.\n\nDidi Global Inc.has b","content":"<p>Didi Global shares tumbled 10% in premarket trading, after rising nearly 15%.</p>\n<p><img src=\"https://static.tigerbbs.com/b7754ff3144bf563215a6a697f78da22\" tg-width=\"853\" tg-height=\"618\" width=\"100%\" height=\"auto\"></p>\n<p>Didi Global Inc.has begun preparations to withdraw from U.S. stock exchanges and will start work on a Hong Kong share sale.</p>\n<p>The ride-hailing giant’s board has authorized the company to file for a delisting of its American depositary shares from the New York Stock Exchange and will pursue a listing in Hong Kong, it said in a statement Thursday. It will ensure that the U.S. stock will be convertible into freely tradable shares on another internationally recognized stock exchange, according to the statement.</p>\n<p>Didi is aiming to file for the Hong Kong listing around March, people with knowledge of the matter said, asking not to be identified as the plans haven’t been made public. The company didn’t immediately respond to a request for comment.</p>\n<p>Didi made its New York debut on June 30 at $14 per American Depositary Share, which gave the company a valuation of $67.5 billion on a non-diluted basis. Those shares have since slid 44% until Thursday's close, valuing it at $37.6 billion.</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>Didi Global shares tumbled 10% in premarket trading</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\">\nDidi Global shares tumbled 10% in premarket trading\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\">2021-12-03 20:32</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Didi Global shares tumbled 10% in premarket trading, after rising nearly 15%.</p>\n<p><img src=\"https://static.tigerbbs.com/b7754ff3144bf563215a6a697f78da22\" tg-width=\"853\" tg-height=\"618\" width=\"100%\" height=\"auto\"></p>\n<p>Didi Global Inc.has begun preparations to withdraw from U.S. stock exchanges and will start work on a Hong Kong share sale.</p>\n<p>The ride-hailing giant’s board has authorized the company to file for a delisting of its American depositary shares from the New York Stock Exchange and will pursue a listing in Hong Kong, it said in a statement Thursday. It will ensure that the U.S. stock will be convertible into freely tradable shares on another internationally recognized stock exchange, according to the statement.</p>\n<p>Didi is aiming to file for the Hong Kong listing around March, people with knowledge of the matter said, asking not to be identified as the plans haven’t been made public. The company didn’t immediately respond to a request for comment.</p>\n<p>Didi made its New York debut on June 30 at $14 per American Depositary Share, which gave the company a valuation of $67.5 billion on a non-diluted basis. Those shares have since slid 44% until Thursday's close, valuing it at $37.6 billion.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DIDI":"滴滴(已退市)"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128586085","content_text":"Didi Global shares tumbled 10% in premarket trading, after rising nearly 15%.\n\nDidi Global Inc.has begun preparations to withdraw from U.S. stock exchanges and will start work on a Hong Kong share sale.\nThe ride-hailing giant’s board has authorized the company to file for a delisting of its American depositary shares from the New York Stock Exchange and will pursue a listing in Hong Kong, it said in a statement Thursday. It will ensure that the U.S. stock will be convertible into freely tradable shares on another internationally recognized stock exchange, according to the statement.\nDidi is aiming to file for the Hong Kong listing around March, people with knowledge of the matter said, asking not to be identified as the plans haven’t been made public. The company didn’t immediately respond to a request for comment.\nDidi made its New York debut on June 30 at $14 per American Depositary Share, which gave the company a valuation of $67.5 billion on a non-diluted basis. Those shares have since slid 44% until Thursday's close, valuing it at $37.6 billion.","news_type":1,"symbols_score_info":{"DIDI":0.9}},"isVote":1,"tweetType":1,"viewCount":1954,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":609614492,"gmtCreate":1638278356421,"gmtModify":1638278356421,"author":{"id":"3569303927346238","authorId":"3569303927346238","name":"ALEXNG88","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569303927346238","idStr":"3569303927346238"},"themes":[],"htmlText":"[微笑] ","listText":"[微笑] ","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/609614492","repostId":"1106311782","repostType":4,"repost":{"id":"1106311782","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":1638259223,"share":"https://ttm.financial/m/news/1106311782?lang=&edition=full","pubTime":"2021-11-30 16:00","market":"us","language":"en","title":"Tiger Brokers Achieved Annual Target for New Account Growth, Over 80% Of Newly Funded Accounts Came from Overseas in Q3","url":"https://stock-news.laohu8.com/highlight/detail?id=1106311782","media":"Tiger Newspress","summary":"Tiger Brokers, a leading online brokerage firm focusing on global investors, today reported its unau","content":"<p>Tiger Brokers, a leading online brokerage firm focusing on global investors, today reported its unaudited financial results for the third quarter ended September 30, 2021. Total revenues were US$60.8 million, a 59.6% increase from the third quarter of 2020. Non-GAAP net income was US$5.3 million.</p>\n<p>In the quarter, the Company's internationalization strategy demonstrated substantial progress. By the end of the third quarter, customer accounts increased by 117,800 to 1.77 million, nearly twice that of the same period last year. The number of customers with deposits increased to 612,000, nearly 3 times that of the same period last year. Notably, over 80% of newly funded accounts in Q3 came from overseas. The Company has acquired 353,300 funded accounts this year, surpassing the 350,000 new funded account guidance it set out earlier this year.</p>\n<p>Mr. Wu Tianhua, CEO of Tiger Brokers commented, “An important step in our mission to become a leading global broker is our upcoming expansion in Hong Kong; we have now obtained Type I (Dealing in Securities) and Type II (Dealing in Futures Contracts) licenses from the Hong Kong Securities and Futures Commission. Meanwhile, as the first online brokerage with SGX memberships across securities trading and clearing, securities depository, and derivatives trading, the Company is able to provide more services to local investors which further strengthens our presence in Singapore. Looking forward, we are confident that our industry-leading focus on advancing brokerage technology and delivering a superior user experience, coupled with our strong emphasis on compliance, will help us stand out from the crowd.”</p>\n<p><a href=\"https://www.globenewswire.com/news-release/2021/11/30/2342675/0/en/UP-Fintech-Holding-Limited-Reports-Unaudited-Third-Quarter-2021-Financial-Results.html\" target=\"_blank\"><b>Press Release</b></a><b></b></p>\n<p><b>Exceeded Full-Year Funded Accounts Guidance Over 70% of Clients’ US Cash Equity Trades Are Self-Cleared</b></p>\n<p>The third quarter results corroborated the success of the Company's internationalization strategy with global customer accounts reaching 1.77 million and the number of customer accounts with deposits reaching 612,000. In the first nine months of the year, the Company acquired 353,300 newly funded accounts which exceeded the annual guidance set forth at the beginning of the year. Total securities trading volume increased by 47.4% year over year to US$92.6 billion, and total account balance was US$20.6 billion, an increase of 88.3% year over year. The Company’s core brokerage business achieved steady growth. Commission income was US$33.5 million, a year over year increase of 72.0% and interest-related income was US$20.1 million, a year over year increase of 105.1%.</p>\n<p>Tiger Brokers continued to expand the products and services available on its comprehensive fintech platform. For options traders, the Company's flagship trading App, Tiger Trade, launched options paper trading to help new investors learn about options. It also added a Covered Call function to reduce option traders' margin requirements. For US stock investors, the Company launched new functions such as tables of pre & post market movers and daily short volume to help investors better capture market opportunities. The Company in total provided 28 IPO subscriptions in the third quarter, such as Li Auto (HK:2015) and Helens (HK:9869). To meet retail investors’ interest to subscribe to Hong Kong IPOs, the Company added new trading coupons such as zero-margin financing coupons and fee reduction coupons. Meanwhile, Tiger Brokers’ online investor community, the Tiger Community, added more investing courses for beginners, helping them identify and analyze promising global opportunities.</p>\n<p>The Company’s wealth management business grew steadily in the quarter as more clients used the Fund Mall and Cash Plus. Assets under management (AUM)increased by 98.0% year over year and the number of clients increased by 153.1% year over year. Leveraging its global client base, Tiger Brokers bolstered its cooperation with top international asset managers; the Fund Mall added 40 new funds in the third quarter, among which Asia-focused equity funds were particularly popular. To meet growing client demand for global wealth management, the Company continued to develop new functions for its systematic investment plan, which clients use to automatically invest a predetermined sum in their favorite funds each month.</p>\n<p>As a company that prides itself on innovation, Tiger Brokers continued to actively invest in research and development for its proprietary technologies. By the end of the third quarter, over 70% of clients were having their U.S. cash equities trades cleared by TradeUP Securities Inc. (formerly known as Marsco Investment Corporation). With its solid track record of successful innovation, the Company won the 2021 Ram Charan Innovation and Entrepreneurship Practice Award by the Harvard Business Review.</p>\n<p><b>Over 80% Of New Funded Accounts from Overseas Acquired New Licenses and Qualifications in Hong Kong and Singapore</b></p>\n<p>Tiger Brokers' internationalization strategy has achieved remarkable results. Over 80% of its newly funded accounts came from outside China during the third quarter.</p>\n<p>In Singapore, Tiger Brokers offered new futures products including those from Eurex Exchange. Tiger Brokers currently offers futures from six major exchanges in the U.S., Europe and Asia, leading the industry by the number of futures available for trading on its platform. In July, in cooperation with Lion Global Investors, it also helped raise financing for Singapore's first dividend-paying China-focused ETF. Retail investors were able to subscribe for units via Tiger Trade, which reduced the threshold for Singapore investors to increase their allocation to China.</p>\n<p>In addition, the Company launched its business-to-business (B2B) corporate services in Singapore, where Tiger Brokers provides clients with technological solutions that include advanced portfolio and risk management tools. To further promote the Company's presence in Singapore and current strategic global expansion plans, the Company has decided to establish a dual headquarters in Singapore.</p>\n<p>In New Zealand, the Company's growth potential was well recognized by the industry. Tiger Brokers NZ was recognized by APAC Business Headlines as New Zealand’s Most Influential FinTech Company 2021. It also has been named as the 2021 Deloitte Fast 50 fastest-growing company in New Zealand.</p>\n<p>The Company will continue to solidify its position as an industry-leading online broker by executing on its global expansion strategy and expanding its client base. By acquiring a local firm licensed with the Hong Kong Securities and Futures Commission for Type I (Dealing in Securities) and Type II (Dealing in Futures Contracts) regulated activities, the Company will be able to tap into the Hong Kong market to drive further growth. In Singapore, the Company also received approval to be admitted as a Trading Member of Singapore Exchange Securities Trading Limited (\"SGX-ST\") and Singapore Exchange Derivatives Trading Limited (“SGX-DT\") and a Clearing Member as well as aDepositoryAgent of The Central Depository (Pte) Limited (“CDP”) from Singapore Exchange Ltd (“SGX”). As of now, the Company holds 46 licenses and qualificationsacross 36 categoriesin Hong KongSAR, Singapore, The U.S., New Zealand, and Australia, laying a solid foundation for long-term growth.</p>\n<p><b>262 ESOP Clients as of Q3 Digital ESOP Solutions to Assist More Companies</b></p>\n<p>Other income, mainly derived from investment banking and ESOP (Employee Stock Incentive Plan), was US$7.18 million in the third quarter. Despite short-term market uncertainty, the Company continued to grow its robust pipeline of prospective issuers.</p>\n<p>On the investment banking side of the business, the Company continues to develop its core underwriting capability as well as its equity research offerings. By leveraging its detailed knowledge of the Chinese market, the Company served as an underwriter for the international offering of XPeng’s (HK: 9868) dual primary listing in Hong Kong, and also provided substantial subscription orders for several other issuers. In the third quarter, the Company participated in 4 U.S. IPOs. In addition, Tiger Brokers assisted an issuer attract additional investment in excess of HK$200 million (US$26 million) after its listing. The Company also released equity research reports covering renowned companies such as Alibaba (NYSE: BABA) and Baidu (NASDAQ: BIDU) during the quarter.</p>\n<p>The Company's investment banking business formally launched its Financial Advisory service and cooperated with over 20 emerging companies across various sectors during the quarter. With its strong market insights and technological prowess, Tiger Brokers is naturally more connected to these companies and can offer a comprehensive suite of solutions specific to their needs, all while assisting them increase their international presence.</p>\n<p>A growing number of firms are using equity incentives to motivate their employees and increase their long-term competitiveness. Tiger Brokers, with its proprietary ESOP system, employs digitization to assist corporate clients better manage their employee equity programs. In the third quarter, Tiger ESOP continued to enhance the client experience by adding functions such as share lock-up management for H-share & A-share companies as well as the ability to retrace historical data.</p>\n<p>Tiger ESOP continues to be trusted by a growing client base; the total number of clients increased to 262 as the Company added 46 new ESOP clients in the third quarter. For the first three quarters of 2021, the total number of new ESOP clients climbed by 266.7% as compared to the same period last year. The swift rate of ESOP adoption is evidence of the Company’s ability to meet the needs of innovative, next generation clients.</p>\n<p>In the third quarter, 53 companies such as Lufax (NYSE:LU) and Wuling Motors (HK:0305) opened Enterprise Accounts on Tiger Brokers’ online community. The Company also assisted Xiaomi (HK:1810) and Cloopen (NYSE: RAAS) target a wide spectrum of investors through livestreams, digital infographics, and marketing activities, boosting client awareness of their brands and official events. In total, both firms' digital campaigns in the Tiger community received over one million pageviews each. In addition, Tiger Brokers assisted Lenovo (HK: 0992) and 24 other innovative firms host an online roadshow that connected them with an audience of nearly 100 institutional investors and over 600 analysts and high net worth individuals.</p>\n<p>In order to further enhance the efficiency of communication between listed companies and investors, the Company’s Enterprise Account Platform recently launched a digital dashboard, providing corporate clients with one-stop services that comprise media content and community post analysis. Meanwhile, the Company launched the industry’s first investor Q&A function for HK and US listed companies, increasing engagement and ease of interaction between corporates and their investors.</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>Tiger Brokers Achieved Annual Target for New Account Growth, Over 80% Of Newly Funded Accounts Came from Overseas in Q3</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\">\nTiger Brokers Achieved Annual Target for New Account Growth, Over 80% Of Newly Funded Accounts Came from Overseas in Q3\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\">2021-11-30 16:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Tiger Brokers, a leading online brokerage firm focusing on global investors, today reported its unaudited financial results for the third quarter ended September 30, 2021. Total revenues were US$60.8 million, a 59.6% increase from the third quarter of 2020. Non-GAAP net income was US$5.3 million.</p>\n<p>In the quarter, the Company's internationalization strategy demonstrated substantial progress. By the end of the third quarter, customer accounts increased by 117,800 to 1.77 million, nearly twice that of the same period last year. The number of customers with deposits increased to 612,000, nearly 3 times that of the same period last year. Notably, over 80% of newly funded accounts in Q3 came from overseas. The Company has acquired 353,300 funded accounts this year, surpassing the 350,000 new funded account guidance it set out earlier this year.</p>\n<p>Mr. Wu Tianhua, CEO of Tiger Brokers commented, “An important step in our mission to become a leading global broker is our upcoming expansion in Hong Kong; we have now obtained Type I (Dealing in Securities) and Type II (Dealing in Futures Contracts) licenses from the Hong Kong Securities and Futures Commission. Meanwhile, as the first online brokerage with SGX memberships across securities trading and clearing, securities depository, and derivatives trading, the Company is able to provide more services to local investors which further strengthens our presence in Singapore. Looking forward, we are confident that our industry-leading focus on advancing brokerage technology and delivering a superior user experience, coupled with our strong emphasis on compliance, will help us stand out from the crowd.”</p>\n<p><a href=\"https://www.globenewswire.com/news-release/2021/11/30/2342675/0/en/UP-Fintech-Holding-Limited-Reports-Unaudited-Third-Quarter-2021-Financial-Results.html\" target=\"_blank\"><b>Press Release</b></a><b></b></p>\n<p><b>Exceeded Full-Year Funded Accounts Guidance Over 70% of Clients’ US Cash Equity Trades Are Self-Cleared</b></p>\n<p>The third quarter results corroborated the success of the Company's internationalization strategy with global customer accounts reaching 1.77 million and the number of customer accounts with deposits reaching 612,000. In the first nine months of the year, the Company acquired 353,300 newly funded accounts which exceeded the annual guidance set forth at the beginning of the year. Total securities trading volume increased by 47.4% year over year to US$92.6 billion, and total account balance was US$20.6 billion, an increase of 88.3% year over year. The Company’s core brokerage business achieved steady growth. Commission income was US$33.5 million, a year over year increase of 72.0% and interest-related income was US$20.1 million, a year over year increase of 105.1%.</p>\n<p>Tiger Brokers continued to expand the products and services available on its comprehensive fintech platform. For options traders, the Company's flagship trading App, Tiger Trade, launched options paper trading to help new investors learn about options. It also added a Covered Call function to reduce option traders' margin requirements. For US stock investors, the Company launched new functions such as tables of pre & post market movers and daily short volume to help investors better capture market opportunities. The Company in total provided 28 IPO subscriptions in the third quarter, such as Li Auto (HK:2015) and Helens (HK:9869). To meet retail investors’ interest to subscribe to Hong Kong IPOs, the Company added new trading coupons such as zero-margin financing coupons and fee reduction coupons. Meanwhile, Tiger Brokers’ online investor community, the Tiger Community, added more investing courses for beginners, helping them identify and analyze promising global opportunities.</p>\n<p>The Company’s wealth management business grew steadily in the quarter as more clients used the Fund Mall and Cash Plus. Assets under management (AUM)increased by 98.0% year over year and the number of clients increased by 153.1% year over year. Leveraging its global client base, Tiger Brokers bolstered its cooperation with top international asset managers; the Fund Mall added 40 new funds in the third quarter, among which Asia-focused equity funds were particularly popular. To meet growing client demand for global wealth management, the Company continued to develop new functions for its systematic investment plan, which clients use to automatically invest a predetermined sum in their favorite funds each month.</p>\n<p>As a company that prides itself on innovation, Tiger Brokers continued to actively invest in research and development for its proprietary technologies. By the end of the third quarter, over 70% of clients were having their U.S. cash equities trades cleared by TradeUP Securities Inc. (formerly known as Marsco Investment Corporation). With its solid track record of successful innovation, the Company won the 2021 Ram Charan Innovation and Entrepreneurship Practice Award by the Harvard Business Review.</p>\n<p><b>Over 80% Of New Funded Accounts from Overseas Acquired New Licenses and Qualifications in Hong Kong and Singapore</b></p>\n<p>Tiger Brokers' internationalization strategy has achieved remarkable results. Over 80% of its newly funded accounts came from outside China during the third quarter.</p>\n<p>In Singapore, Tiger Brokers offered new futures products including those from Eurex Exchange. Tiger Brokers currently offers futures from six major exchanges in the U.S., Europe and Asia, leading the industry by the number of futures available for trading on its platform. In July, in cooperation with Lion Global Investors, it also helped raise financing for Singapore's first dividend-paying China-focused ETF. Retail investors were able to subscribe for units via Tiger Trade, which reduced the threshold for Singapore investors to increase their allocation to China.</p>\n<p>In addition, the Company launched its business-to-business (B2B) corporate services in Singapore, where Tiger Brokers provides clients with technological solutions that include advanced portfolio and risk management tools. To further promote the Company's presence in Singapore and current strategic global expansion plans, the Company has decided to establish a dual headquarters in Singapore.</p>\n<p>In New Zealand, the Company's growth potential was well recognized by the industry. Tiger Brokers NZ was recognized by APAC Business Headlines as New Zealand’s Most Influential FinTech Company 2021. It also has been named as the 2021 Deloitte Fast 50 fastest-growing company in New Zealand.</p>\n<p>The Company will continue to solidify its position as an industry-leading online broker by executing on its global expansion strategy and expanding its client base. By acquiring a local firm licensed with the Hong Kong Securities and Futures Commission for Type I (Dealing in Securities) and Type II (Dealing in Futures Contracts) regulated activities, the Company will be able to tap into the Hong Kong market to drive further growth. In Singapore, the Company also received approval to be admitted as a Trading Member of Singapore Exchange Securities Trading Limited (\"SGX-ST\") and Singapore Exchange Derivatives Trading Limited (“SGX-DT\") and a Clearing Member as well as aDepositoryAgent of The Central Depository (Pte) Limited (“CDP”) from Singapore Exchange Ltd (“SGX”). As of now, the Company holds 46 licenses and qualificationsacross 36 categoriesin Hong KongSAR, Singapore, The U.S., New Zealand, and Australia, laying a solid foundation for long-term growth.</p>\n<p><b>262 ESOP Clients as of Q3 Digital ESOP Solutions to Assist More Companies</b></p>\n<p>Other income, mainly derived from investment banking and ESOP (Employee Stock Incentive Plan), was US$7.18 million in the third quarter. Despite short-term market uncertainty, the Company continued to grow its robust pipeline of prospective issuers.</p>\n<p>On the investment banking side of the business, the Company continues to develop its core underwriting capability as well as its equity research offerings. By leveraging its detailed knowledge of the Chinese market, the Company served as an underwriter for the international offering of XPeng’s (HK: 9868) dual primary listing in Hong Kong, and also provided substantial subscription orders for several other issuers. In the third quarter, the Company participated in 4 U.S. IPOs. In addition, Tiger Brokers assisted an issuer attract additional investment in excess of HK$200 million (US$26 million) after its listing. The Company also released equity research reports covering renowned companies such as Alibaba (NYSE: BABA) and Baidu (NASDAQ: BIDU) during the quarter.</p>\n<p>The Company's investment banking business formally launched its Financial Advisory service and cooperated with over 20 emerging companies across various sectors during the quarter. With its strong market insights and technological prowess, Tiger Brokers is naturally more connected to these companies and can offer a comprehensive suite of solutions specific to their needs, all while assisting them increase their international presence.</p>\n<p>A growing number of firms are using equity incentives to motivate their employees and increase their long-term competitiveness. Tiger Brokers, with its proprietary ESOP system, employs digitization to assist corporate clients better manage their employee equity programs. In the third quarter, Tiger ESOP continued to enhance the client experience by adding functions such as share lock-up management for H-share & A-share companies as well as the ability to retrace historical data.</p>\n<p>Tiger ESOP continues to be trusted by a growing client base; the total number of clients increased to 262 as the Company added 46 new ESOP clients in the third quarter. For the first three quarters of 2021, the total number of new ESOP clients climbed by 266.7% as compared to the same period last year. The swift rate of ESOP adoption is evidence of the Company’s ability to meet the needs of innovative, next generation clients.</p>\n<p>In the third quarter, 53 companies such as Lufax (NYSE:LU) and Wuling Motors (HK:0305) opened Enterprise Accounts on Tiger Brokers’ online community. The Company also assisted Xiaomi (HK:1810) and Cloopen (NYSE: RAAS) target a wide spectrum of investors through livestreams, digital infographics, and marketing activities, boosting client awareness of their brands and official events. In total, both firms' digital campaigns in the Tiger community received over one million pageviews each. In addition, Tiger Brokers assisted Lenovo (HK: 0992) and 24 other innovative firms host an online roadshow that connected them with an audience of nearly 100 institutional investors and over 600 analysts and high net worth individuals.</p>\n<p>In order to further enhance the efficiency of communication between listed companies and investors, the Company’s Enterprise Account Platform recently launched a digital dashboard, providing corporate clients with one-stop services that comprise media content and community post analysis. Meanwhile, the Company launched the industry’s first investor Q&A function for HK and US listed companies, increasing engagement and ease of interaction between corporates and their investors.</p>\n\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":"1106311782","content_text":"Tiger Brokers, a leading online brokerage firm focusing on global investors, today reported its unaudited financial results for the third quarter ended September 30, 2021. Total revenues were US$60.8 million, a 59.6% increase from the third quarter of 2020. Non-GAAP net income was US$5.3 million.\nIn the quarter, the Company's internationalization strategy demonstrated substantial progress. By the end of the third quarter, customer accounts increased by 117,800 to 1.77 million, nearly twice that of the same period last year. The number of customers with deposits increased to 612,000, nearly 3 times that of the same period last year. Notably, over 80% of newly funded accounts in Q3 came from overseas. The Company has acquired 353,300 funded accounts this year, surpassing the 350,000 new funded account guidance it set out earlier this year.\nMr. Wu Tianhua, CEO of Tiger Brokers commented, “An important step in our mission to become a leading global broker is our upcoming expansion in Hong Kong; we have now obtained Type I (Dealing in Securities) and Type II (Dealing in Futures Contracts) licenses from the Hong Kong Securities and Futures Commission. Meanwhile, as the first online brokerage with SGX memberships across securities trading and clearing, securities depository, and derivatives trading, the Company is able to provide more services to local investors which further strengthens our presence in Singapore. Looking forward, we are confident that our industry-leading focus on advancing brokerage technology and delivering a superior user experience, coupled with our strong emphasis on compliance, will help us stand out from the crowd.”\nPress Release\nExceeded Full-Year Funded Accounts Guidance Over 70% of Clients’ US Cash Equity Trades Are Self-Cleared\nThe third quarter results corroborated the success of the Company's internationalization strategy with global customer accounts reaching 1.77 million and the number of customer accounts with deposits reaching 612,000. In the first nine months of the year, the Company acquired 353,300 newly funded accounts which exceeded the annual guidance set forth at the beginning of the year. Total securities trading volume increased by 47.4% year over year to US$92.6 billion, and total account balance was US$20.6 billion, an increase of 88.3% year over year. The Company’s core brokerage business achieved steady growth. Commission income was US$33.5 million, a year over year increase of 72.0% and interest-related income was US$20.1 million, a year over year increase of 105.1%.\nTiger Brokers continued to expand the products and services available on its comprehensive fintech platform. For options traders, the Company's flagship trading App, Tiger Trade, launched options paper trading to help new investors learn about options. It also added a Covered Call function to reduce option traders' margin requirements. For US stock investors, the Company launched new functions such as tables of pre & post market movers and daily short volume to help investors better capture market opportunities. The Company in total provided 28 IPO subscriptions in the third quarter, such as Li Auto (HK:2015) and Helens (HK:9869). To meet retail investors’ interest to subscribe to Hong Kong IPOs, the Company added new trading coupons such as zero-margin financing coupons and fee reduction coupons. Meanwhile, Tiger Brokers’ online investor community, the Tiger Community, added more investing courses for beginners, helping them identify and analyze promising global opportunities.\nThe Company’s wealth management business grew steadily in the quarter as more clients used the Fund Mall and Cash Plus. Assets under management (AUM)increased by 98.0% year over year and the number of clients increased by 153.1% year over year. Leveraging its global client base, Tiger Brokers bolstered its cooperation with top international asset managers; the Fund Mall added 40 new funds in the third quarter, among which Asia-focused equity funds were particularly popular. To meet growing client demand for global wealth management, the Company continued to develop new functions for its systematic investment plan, which clients use to automatically invest a predetermined sum in their favorite funds each month.\nAs a company that prides itself on innovation, Tiger Brokers continued to actively invest in research and development for its proprietary technologies. By the end of the third quarter, over 70% of clients were having their U.S. cash equities trades cleared by TradeUP Securities Inc. (formerly known as Marsco Investment Corporation). With its solid track record of successful innovation, the Company won the 2021 Ram Charan Innovation and Entrepreneurship Practice Award by the Harvard Business Review.\nOver 80% Of New Funded Accounts from Overseas Acquired New Licenses and Qualifications in Hong Kong and Singapore\nTiger Brokers' internationalization strategy has achieved remarkable results. Over 80% of its newly funded accounts came from outside China during the third quarter.\nIn Singapore, Tiger Brokers offered new futures products including those from Eurex Exchange. Tiger Brokers currently offers futures from six major exchanges in the U.S., Europe and Asia, leading the industry by the number of futures available for trading on its platform. In July, in cooperation with Lion Global Investors, it also helped raise financing for Singapore's first dividend-paying China-focused ETF. Retail investors were able to subscribe for units via Tiger Trade, which reduced the threshold for Singapore investors to increase their allocation to China.\nIn addition, the Company launched its business-to-business (B2B) corporate services in Singapore, where Tiger Brokers provides clients with technological solutions that include advanced portfolio and risk management tools. To further promote the Company's presence in Singapore and current strategic global expansion plans, the Company has decided to establish a dual headquarters in Singapore.\nIn New Zealand, the Company's growth potential was well recognized by the industry. Tiger Brokers NZ was recognized by APAC Business Headlines as New Zealand’s Most Influential FinTech Company 2021. It also has been named as the 2021 Deloitte Fast 50 fastest-growing company in New Zealand.\nThe Company will continue to solidify its position as an industry-leading online broker by executing on its global expansion strategy and expanding its client base. By acquiring a local firm licensed with the Hong Kong Securities and Futures Commission for Type I (Dealing in Securities) and Type II (Dealing in Futures Contracts) regulated activities, the Company will be able to tap into the Hong Kong market to drive further growth. In Singapore, the Company also received approval to be admitted as a Trading Member of Singapore Exchange Securities Trading Limited (\"SGX-ST\") and Singapore Exchange Derivatives Trading Limited (“SGX-DT\") and a Clearing Member as well as aDepositoryAgent of The Central Depository (Pte) Limited (“CDP”) from Singapore Exchange Ltd (“SGX”). As of now, the Company holds 46 licenses and qualificationsacross 36 categoriesin Hong KongSAR, Singapore, The U.S., New Zealand, and Australia, laying a solid foundation for long-term growth.\n262 ESOP Clients as of Q3 Digital ESOP Solutions to Assist More Companies\nOther income, mainly derived from investment banking and ESOP (Employee Stock Incentive Plan), was US$7.18 million in the third quarter. Despite short-term market uncertainty, the Company continued to grow its robust pipeline of prospective issuers.\nOn the investment banking side of the business, the Company continues to develop its core underwriting capability as well as its equity research offerings. By leveraging its detailed knowledge of the Chinese market, the Company served as an underwriter for the international offering of XPeng’s (HK: 9868) dual primary listing in Hong Kong, and also provided substantial subscription orders for several other issuers. In the third quarter, the Company participated in 4 U.S. IPOs. In addition, Tiger Brokers assisted an issuer attract additional investment in excess of HK$200 million (US$26 million) after its listing. The Company also released equity research reports covering renowned companies such as Alibaba (NYSE: BABA) and Baidu (NASDAQ: BIDU) during the quarter.\nThe Company's investment banking business formally launched its Financial Advisory service and cooperated with over 20 emerging companies across various sectors during the quarter. With its strong market insights and technological prowess, Tiger Brokers is naturally more connected to these companies and can offer a comprehensive suite of solutions specific to their needs, all while assisting them increase their international presence.\nA growing number of firms are using equity incentives to motivate their employees and increase their long-term competitiveness. Tiger Brokers, with its proprietary ESOP system, employs digitization to assist corporate clients better manage their employee equity programs. In the third quarter, Tiger ESOP continued to enhance the client experience by adding functions such as share lock-up management for H-share & A-share companies as well as the ability to retrace historical data.\nTiger ESOP continues to be trusted by a growing client base; the total number of clients increased to 262 as the Company added 46 new ESOP clients in the third quarter. For the first three quarters of 2021, the total number of new ESOP clients climbed by 266.7% as compared to the same period last year. The swift rate of ESOP adoption is evidence of the Company’s ability to meet the needs of innovative, next generation clients.\nIn the third quarter, 53 companies such as Lufax (NYSE:LU) and Wuling Motors (HK:0305) opened Enterprise Accounts on Tiger Brokers’ online community. The Company also assisted Xiaomi (HK:1810) and Cloopen (NYSE: RAAS) target a wide spectrum of investors through livestreams, digital infographics, and marketing activities, boosting client awareness of their brands and official events. In total, both firms' digital campaigns in the Tiger community received over one million pageviews each. In addition, Tiger Brokers assisted Lenovo (HK: 0992) and 24 other innovative firms host an online roadshow that connected them with an audience of nearly 100 institutional investors and over 600 analysts and high net worth individuals.\nIn order to further enhance the efficiency of communication between listed companies and investors, the Company’s Enterprise Account Platform recently launched a digital dashboard, providing corporate clients with one-stop services that comprise media content and community post analysis. Meanwhile, the Company launched the industry’s first investor Q&A function for HK and US listed companies, increasing engagement and ease of interaction between corporates and their investors.","news_type":1,"symbols_score_info":{"TIGR":0.9}},"isVote":1,"tweetType":1,"viewCount":1724,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":871490544,"gmtCreate":1637103337557,"gmtModify":1637103337748,"author":{"id":"3569303927346238","authorId":"3569303927346238","name":"ALEXNG88","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569303927346238","idStr":"3569303927346238"},"themes":[],"htmlText":"[微笑] ","listText":"[微笑] ","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/871490544","isVote":1,"tweetType":1,"viewCount":2760,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":871237947,"gmtCreate":1637073342520,"gmtModify":1637073415608,"author":{"id":"3569303927346238","authorId":"3569303927346238","name":"ALEXNG88","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569303927346238","idStr":"3569303927346238"},"themes":[],"htmlText":"[微笑] ","listText":"[微笑] ","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/871237947","repostId":"847389261","repostType":1,"repost":{"id":847389261,"gmtCreate":1636492745142,"gmtModify":1636585063944,"author":{"id":"3582640878386673","authorId":"3582640878386673","name":"新虎分析","avatar":"https://static.tigerbbs.com/a70af8809a95756364cc82fcfde2f404","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582640878386673","idStr":"3582640878386673"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/C6L.SI\">$SINGAPORE AIRLINES LTD(C6L.SI)$</a>[看涨] ? ","listText":"<a href=\"https://laohu8.com/S/C6L.SI\">$SINGAPORE AIRLINES LTD(C6L.SI)$</a>[看涨] ? ","text":"$SINGAPORE AIRLINES LTD(C6L.SI)$[看涨] ?","images":[{"img":"https://static.tigerbbs.com/a0f3985d47a3486c61ae8b7d7e9f7a98","width":"1080","height":"4509"}],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/847389261","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1461,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":879206264,"gmtCreate":1636725479128,"gmtModify":1636725479180,"author":{"id":"3569303927346238","authorId":"3569303927346238","name":"ALEXNG88","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569303927346238","idStr":"3569303927346238"},"themes":[],"htmlText":"[微笑] ","listText":"[微笑] ","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/879206264","repostId":"1160081894","repostType":2,"repost":{"id":"1160081894","kind":"news","pubTimestamp":1636099922,"share":"https://ttm.financial/m/news/1160081894?lang=&edition=full","pubTime":"2021-11-05 16:12","market":"us","language":"en","title":"UP Fintech Holding Limited’s Singapore Subsidiary Receives Official Approval Regarding Securities Trading and Clearing in Singapore","url":"https://stock-news.laohu8.com/highlight/detail?id=1160081894","media":"globenewswire","summary":"BEIJING, Nov. 05, 2021 (GLOBE NEWSWIRE) -- UP Fintech Holding Limited (Nasdaq: TIGR) (“UP Fintech” o","content":"<p>BEIJING, Nov. 05, 2021 (GLOBE NEWSWIRE) -- UP Fintech Holding Limited (Nasdaq: TIGR) (“UP Fintech” or the “Company”), a leading online brokerage firm focusing on global investors, today announced that its Singapore subsidiary, Tiger Brokers (Singapore) Pte. Ltd. (“TBSPL”) has officially received approval to be admitted as a Trading Member of Singapore Exchange Securities Trading Limited (\"SGX-ST\") and Singapore Exchange Derivatives Trading Limited (“SGX-DT\") and Clearing Member of The Central Depository (Pte) Limited (“CDP”) from Singapore Exchange Ltd (“SGX”).</p><p>The Company expects to use these approvals to improve the user experience and services it offers to clients. TBSPL looks forward to developing its partnerships with SGX and strengthening its presence in the Singapore market.</p><p><b>About UP Fintech Holding Limited</b></p><p>UP Fintech Holding Limited is a leading online brokerage firm focusing on global investors. The Company’s proprietary mobile and online trading platform enables investors to trade in equities and other financial instruments on multiple exchanges around the world. The Company offers innovative products and services as well as a superior user experience to customers through its “mobile first” strategy, which enables it to better serve and retain current customers as well as attract new ones. The Company offers customers comprehensive brokerage and value-added services, including trade order placement and execution, margin financing, IPO subscription, ESOP management, investor education, community discussion and customer support. The Company’s proprietary infrastructure and advanced technology are able to support trades across multiple currencies, multiple markets, multiple products, multiple execution venues and multiple clearinghouses.</p><p>For more information on the Company, please visit:https://ir.itiger.com.</p><p><b>Safe Harbor Statement</b></p><p>This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “may,” “might,” “aim,” “likely to,” “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements or expressions. Among other statements, the business outlook and quotations from management in this announcement, as well as the Company’s strategic and operational plans, contain forward-looking statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”) on Forms 20-F and 6-K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties, including the earnings conference call. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the cooperation with Interactive Brokers LLC and Xiaomi Corporation and its affiliates; the Company’s growth strategies; trends and competition in global financial markets; changes in the Company’s revenues and certain cost or expense accounting policies; the effects of the global COVID-19 pandemic; and governmental policies relating to the Company’s industry and general economic conditions in China and other countries. Further information regarding these and other risks is included in the Company’s filings with the SEC, including the Company’s annual report on Form 20-F filed with the SEC on April 28, 2021. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law. Further information regarding these and other risks is included in the Company’s filings with the SEC.</p><p><b>For investor and media inquiries please contact:</b></p><p><b>Investor Relations Contact</b></p><p>Clark S. Soucy</p><p>UP Fintech Holding Limited</p><p>Email: ir@itiger.com</p><p><img src=\"https://static.tigerbbs.com/c2196de8ba412c60c22ab491af7b1409\" tg-width=\"1\" tg-height=\"1\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>","source":"lsy1573717531661","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>UP Fintech Holding Limited’s Singapore Subsidiary Receives Official Approval Regarding Securities Trading and Clearing in Singapore</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\">\nUP Fintech Holding Limited’s Singapore Subsidiary Receives Official Approval Regarding Securities Trading and Clearing in Singapore\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-05 16:12 GMT+8 <a href=https://www.globenewswire.com/news-release/2021/11/05/2328280/0/en/UP-Fintech-Holding-Limited-s-Singapore-Subsidiary-Receives-Official-Approval-Regarding-Securities-Trading-and-Clearing-in-Singapore.html><strong>globenewswire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BEIJING, Nov. 05, 2021 (GLOBE NEWSWIRE) -- UP Fintech Holding Limited (Nasdaq: TIGR) (“UP Fintech” or the “Company”), a leading online brokerage firm focusing on global investors, today announced that...</p>\n\n<a href=\"https://www.globenewswire.com/news-release/2021/11/05/2328280/0/en/UP-Fintech-Holding-Limited-s-Singapore-Subsidiary-Receives-Official-Approval-Regarding-Securities-Trading-and-Clearing-in-Singapore.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"source_url":"https://www.globenewswire.com/news-release/2021/11/05/2328280/0/en/UP-Fintech-Holding-Limited-s-Singapore-Subsidiary-Receives-Official-Approval-Regarding-Securities-Trading-and-Clearing-in-Singapore.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160081894","content_text":"BEIJING, Nov. 05, 2021 (GLOBE NEWSWIRE) -- UP Fintech Holding Limited (Nasdaq: TIGR) (“UP Fintech” or the “Company”), a leading online brokerage firm focusing on global investors, today announced that its Singapore subsidiary, Tiger Brokers (Singapore) Pte. Ltd. (“TBSPL”) has officially received approval to be admitted as a Trading Member of Singapore Exchange Securities Trading Limited (\"SGX-ST\") and Singapore Exchange Derivatives Trading Limited (“SGX-DT\") and Clearing Member of The Central Depository (Pte) Limited (“CDP”) from Singapore Exchange Ltd (“SGX”).The Company expects to use these approvals to improve the user experience and services it offers to clients. TBSPL looks forward to developing its partnerships with SGX and strengthening its presence in the Singapore market.About UP Fintech Holding LimitedUP Fintech Holding Limited is a leading online brokerage firm focusing on global investors. The Company’s proprietary mobile and online trading platform enables investors to trade in equities and other financial instruments on multiple exchanges around the world. The Company offers innovative products and services as well as a superior user experience to customers through its “mobile first” strategy, which enables it to better serve and retain current customers as well as attract new ones. The Company offers customers comprehensive brokerage and value-added services, including trade order placement and execution, margin financing, IPO subscription, ESOP management, investor education, community discussion and customer support. The Company’s proprietary infrastructure and advanced technology are able to support trades across multiple currencies, multiple markets, multiple products, multiple execution venues and multiple clearinghouses.For more information on the Company, please visit:https://ir.itiger.com.Safe Harbor StatementThis announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “may,” “might,” “aim,” “likely to,” “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements or expressions. Among other statements, the business outlook and quotations from management in this announcement, as well as the Company’s strategic and operational plans, contain forward-looking statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”) on Forms 20-F and 6-K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties, including the earnings conference call. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the cooperation with Interactive Brokers LLC and Xiaomi Corporation and its affiliates; the Company’s growth strategies; trends and competition in global financial markets; changes in the Company’s revenues and certain cost or expense accounting policies; the effects of the global COVID-19 pandemic; and governmental policies relating to the Company’s industry and general economic conditions in China and other countries. Further information regarding these and other risks is included in the Company’s filings with the SEC, including the Company’s annual report on Form 20-F filed with the SEC on April 28, 2021. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law. Further information regarding these and other risks is included in the Company’s filings with the SEC.For investor and media inquiries please contact:Investor Relations ContactClark S. SoucyUP Fintech Holding LimitedEmail: ir@itiger.com","news_type":1,"symbols_score_info":{"TIGR":0.9}},"isVote":1,"tweetType":1,"viewCount":1573,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":870099523,"gmtCreate":1636556908858,"gmtModify":1636557249519,"author":{"id":"3569303927346238","authorId":"3569303927346238","name":"ALEXNG88","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569303927346238","idStr":"3569303927346238"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SENS\">$Senseonics(SENS)$</a>[微笑] ","listText":"<a href=\"https://laohu8.com/S/SENS\">$Senseonics(SENS)$</a>[微笑] ","text":"$Senseonics(SENS)$[微笑]","images":[{"img":"https://static.tigerbbs.com/b355af88e8434607eb9f6293f5bcc8b4","width":"1080","height":"2429"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/870099523","isVote":1,"tweetType":1,"viewCount":1942,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":842016273,"gmtCreate":1636120350092,"gmtModify":1636120651863,"author":{"id":"3569303927346238","authorId":"3569303927346238","name":"ALEXNG88","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569303927346238","idStr":"3569303927346238"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/NNDM\">$Nano Dimension(NNDM)$</a>😀😀","listText":"<a href=\"https://laohu8.com/S/NNDM\">$Nano Dimension(NNDM)$</a>😀😀","text":"$Nano Dimension(NNDM)$😀😀","images":[{"img":"https://static.tigerbbs.com/fa5df21ff1501cdf4667116104c96c10","width":"1080","height":"2429"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":1,"link":"https://laohu8.com/post/842016273","isVote":1,"tweetType":1,"viewCount":2321,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":848441299,"gmtCreate":1636023676118,"gmtModify":1636023676243,"author":{"id":"3569303927346238","authorId":"3569303927346238","name":"ALEXNG88","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569303927346238","idStr":"3569303927346238"},"themes":[],"htmlText":"[微笑] ","listText":"[微笑] ","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/848441299","repostId":"2180798634","repostType":4,"repost":{"id":"2180798634","kind":"highlight","pubTimestamp":1636019804,"share":"https://ttm.financial/m/news/2180798634?lang=&edition=full","pubTime":"2021-11-04 17:56","market":"us","language":"en","title":"This Growth Stock Is Up More Than 340% in 2021 --- and It Can Still Double From Here","url":"https://stock-news.laohu8.com/highlight/detail?id=2180798634","media":"Motley Fool","summary":"Despite its big run-up, LendingClub still trades at a valuation that's cheap compared to its peers.","content":"<p><b>Key Points</b></p>\n<ul>\n <li>LendingClub has now put up two consecutive strong quarters of earnings results after transitioning to its new model.</li>\n <li>With a market cap under $5 billion, it still trades very cheaply compared to rival fintech companies like Upstart and SoFi.</li>\n</ul>\n<p><b><a href=\"https://laohu8.com/S/LC\">LendingClub</a></b>'s (NYSE:LC) stock price has ballooned by almost 50% since the digital marketplace bank released its second consecutive terrific quarterly report last week. For the third quarter, the company took in diluted earnings per share of $0.27 on total revenue of roughly $246 million. Loan originations, its main revenue driver, topped $3.1 billion, even during a period when consumer activity was disrupted by a surge in COVID-19 cases.</p>\n<p>The results beat not only analysts' consensus estimates but also the company's own guidance, and management revised its full-year guidance upward. It's easy to see why investors have driven LendingClub's stock up by more than 340% this year through Wednesday's close. But I still think the stock is cheap and can definitely double again from here.</p>\n<p><b>The new model is humming</b></p>\n<p>Earlier this year, LendingClub closed on its acquisition of the branchless Radius Bank. That deal made LendingClub one of a very few fintech companies to hold a bank charter -- and acquiring one of those is not easy.</p>\n<p>The bank charter enabled LendingClub to change its business model and has made its powerful lending machine much more profitable. It can now use cheap deposits to fund a portion of its loan originations, and it no longer has to pay the extra costs associated with having outside banks originate the loans. Then, management made the smart decision to retain 15% to 25% of loans the company originates on its balance sheet to generate monthly recurring interest income.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/348a7f43d14ede9fa6aeb409efb2e2a5\" tg-width=\"700\" tg-height=\"463\" referrerpolicy=\"no-referrer\"><span>Image source: Getty Images.</span></p>\n<p>The result has been a powerful machine that in just two quarters' time has generated a combined $450 million in revenue, largely from $5.8 billion worth of loan originations. LendingClub has also grown members from 3 million at the start of the year to 3.8 million at the end of the third quarter -- ramping up its marketing efforts while also generating repeat business from previous borrowers.</p>\n<p>Retaining loans on the balance sheet is an incredibly smart move in my opinion because, as management has previously noted, these loans are three times more profitable to the company over their lifetimes than those that are sold to banks and investors. These borrowers are steadily making loan payments on relatively high-interest rate debt; the average yield in its unsecured personal loan portfolio was close to 16% at the end of Q3. Look how quickly revenue from retained loans (net interest income) has ramped up since Q1.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2f8aa3456e78c405de06626863e265f0\" tg-width=\"700\" tg-height=\"371\" referrerpolicy=\"no-referrer\"><span>Image source: LendingClub Q3 investor presentation.</span></p>\n<p>Is there risk associated with holding loans on the balance sheet? Yes, of course -- borrowers could default. But because it only intends to hold on to around 20% of its total loan originations, the company is able to retain loans from prime and super-prime borrowers. LendingClub also sets aside a provision to cover potential losses each quarter.</p>\n<p><b>It's still undervalued</b></p>\n<p>Today, LendingClub has a market cap under $5 billion. Some of its competitors are popular fintech companies like<b>Upstart Holdings</b> and<b>SoFi Technologies</b>. All of their business models are slightly different, but in general, they're all in the business of using machine learning and big data to streamline online lending, and they all go after installment loans, particularly LendingClub and Upstart. Here are their earnings results and projected results for the past two quarters.</p>\n<table>\n <tbody>\n <tr>\n <th>Company</th>\n <th>Q2 Originations</th>\n <th>Q2 Revenue</th>\n <th>Q2 EPS</th>\n <th>Q3 Originations</th>\n <th>Q3 Revenue</th>\n <th>Q3 EPS</th>\n </tr>\n <tr>\n <td>LendingClub</td>\n <td>$2.722 billion</td>\n <td>$204.4 million</td>\n <td>$0.09</td>\n <td>$3.106 billion</td>\n <td>$246.2 million</td>\n <td>$0.27</td>\n </tr>\n <tr>\n <td>Upstart</td>\n <td>$2.800 billion</td>\n <td>$194 million</td>\n <td>$0.39</td>\n <td>N/A</td>\n <td>$215 million*</td>\n <td>$0.33*</td>\n </tr>\n <tr>\n <td>SoFi</td>\n <td>$2.946 billion</td>\n <td>$237 million</td>\n <td>($0.48)</td>\n <td>N/A</td>\n <td>$255.6 million*</td>\n <td>($0.14)*</td>\n </tr>\n </tbody>\n</table>\n<p>Source = Company financial statements, analysts' estimates. *=consensus estimate</p>\n<p>One thing to keep in mind when looking at the table above is that SoFi's originations include mortgage and student lending, so they aren't actually originating more<i>installment</i> loans than LendingClub or Upstart.</p>\n<p>Now, let's take a look at the consensus estimates these lenders for 2022.</p>\n<table>\n <tbody>\n <tr>\n <th>Company</th>\n <th>2022 Revenue (Estimate)</th>\n <th>2022 EPS (Estimate)</th>\n </tr>\n <tr>\n <td>LendingClub</td>\n <td>$1.12 billion</td>\n <td>$0.92</td>\n </tr>\n <tr>\n <td>Upstart</td>\n <td>$1.07 billion</td>\n <td>$1.66</td>\n </tr>\n <tr>\n <td>SoFi</td>\n <td>$1.45 billion</td>\n <td>($0.28)</td>\n </tr>\n </tbody>\n</table>\n<p>Source = Analyst estimates</p>\n<p>Estimates for all three of these companies could change as analysts absorb LendingClub's quarterly results, and they could also revise Upstart and SoFi's up or down based on their Q3 earnings reports. But based on results from the last two quarters and projections for next year, the undervaluation of LendingClub is fairly simple to understand. The company has less than a $5 billion market cap, while SoFi's market cap is roughly $18.4 billion and Upstart's is $25.7 billion. Yet the revenue and profitability figures of the three over the past two quarters are not terribly different, and LendingClub has ramped up its originations, revenue, and profitability incredibly fast. In my view, the significant gap between the market caps of these three companies is not justifiable.</p>\n<p><b>Why LendingClub can double from here</b></p>\n<p>I can understand that investors may not like the fact that LendingClub is retaining loans on its balance sheet and assuming the risk. They also might believe that its tech and data algorithms are inferior to Upstart's. I very much disagree with both points. But even an investor who does hold these beliefs could rationally see LendingClub as deserving a $10 billion market cap -- which would still be far below SoFi and Upstart.</p>\n<p>Yet at Wednesday's prices, LendingClub trades around $47 per share with a $4.7 billion market cap -- less than half that level. Also, consider that LendingClub trades at only 4.4 times projected forward revenue. All of this leads me to conclude that LendingClub isn't getting enough credit, and it could double its stock price if it keeps producing consistent quarterly results.</p>","source":"fool_stock","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>This Growth Stock Is Up More Than 340% in 2021 --- and It Can Still Double From Here</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\">\nThis Growth Stock Is Up More Than 340% in 2021 --- and It Can Still Double From Here\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-04 17:56 GMT+8 <a href=https://www.fool.com/investing/2021/11/04/lendingclub-is-up-340-in-2021-and-could-double/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Key Points\n\nLendingClub has now put up two consecutive strong quarters of earnings results after transitioning to its new model.\nWith a market cap under $5 billion, it still trades very cheaply ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/11/04/lendingclub-is-up-340-in-2021-and-could-double/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LC":"LendingClub"},"source_url":"https://www.fool.com/investing/2021/11/04/lendingclub-is-up-340-in-2021-and-could-double/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2180798634","content_text":"Key Points\n\nLendingClub has now put up two consecutive strong quarters of earnings results after transitioning to its new model.\nWith a market cap under $5 billion, it still trades very cheaply compared to rival fintech companies like Upstart and SoFi.\n\nLendingClub's (NYSE:LC) stock price has ballooned by almost 50% since the digital marketplace bank released its second consecutive terrific quarterly report last week. For the third quarter, the company took in diluted earnings per share of $0.27 on total revenue of roughly $246 million. Loan originations, its main revenue driver, topped $3.1 billion, even during a period when consumer activity was disrupted by a surge in COVID-19 cases.\nThe results beat not only analysts' consensus estimates but also the company's own guidance, and management revised its full-year guidance upward. It's easy to see why investors have driven LendingClub's stock up by more than 340% this year through Wednesday's close. But I still think the stock is cheap and can definitely double again from here.\nThe new model is humming\nEarlier this year, LendingClub closed on its acquisition of the branchless Radius Bank. That deal made LendingClub one of a very few fintech companies to hold a bank charter -- and acquiring one of those is not easy.\nThe bank charter enabled LendingClub to change its business model and has made its powerful lending machine much more profitable. It can now use cheap deposits to fund a portion of its loan originations, and it no longer has to pay the extra costs associated with having outside banks originate the loans. Then, management made the smart decision to retain 15% to 25% of loans the company originates on its balance sheet to generate monthly recurring interest income.\nImage source: Getty Images.\nThe result has been a powerful machine that in just two quarters' time has generated a combined $450 million in revenue, largely from $5.8 billion worth of loan originations. LendingClub has also grown members from 3 million at the start of the year to 3.8 million at the end of the third quarter -- ramping up its marketing efforts while also generating repeat business from previous borrowers.\nRetaining loans on the balance sheet is an incredibly smart move in my opinion because, as management has previously noted, these loans are three times more profitable to the company over their lifetimes than those that are sold to banks and investors. These borrowers are steadily making loan payments on relatively high-interest rate debt; the average yield in its unsecured personal loan portfolio was close to 16% at the end of Q3. Look how quickly revenue from retained loans (net interest income) has ramped up since Q1.\nImage source: LendingClub Q3 investor presentation.\nIs there risk associated with holding loans on the balance sheet? Yes, of course -- borrowers could default. But because it only intends to hold on to around 20% of its total loan originations, the company is able to retain loans from prime and super-prime borrowers. LendingClub also sets aside a provision to cover potential losses each quarter.\nIt's still undervalued\nToday, LendingClub has a market cap under $5 billion. Some of its competitors are popular fintech companies likeUpstart Holdings andSoFi Technologies. All of their business models are slightly different, but in general, they're all in the business of using machine learning and big data to streamline online lending, and they all go after installment loans, particularly LendingClub and Upstart. Here are their earnings results and projected results for the past two quarters.\n\n\n\nCompany\nQ2 Originations\nQ2 Revenue\nQ2 EPS\nQ3 Originations\nQ3 Revenue\nQ3 EPS\n\n\nLendingClub\n$2.722 billion\n$204.4 million\n$0.09\n$3.106 billion\n$246.2 million\n$0.27\n\n\nUpstart\n$2.800 billion\n$194 million\n$0.39\nN/A\n$215 million*\n$0.33*\n\n\nSoFi\n$2.946 billion\n$237 million\n($0.48)\nN/A\n$255.6 million*\n($0.14)*\n\n\n\nSource = Company financial statements, analysts' estimates. *=consensus estimate\nOne thing to keep in mind when looking at the table above is that SoFi's originations include mortgage and student lending, so they aren't actually originating moreinstallment loans than LendingClub or Upstart.\nNow, let's take a look at the consensus estimates these lenders for 2022.\n\n\n\nCompany\n2022 Revenue (Estimate)\n2022 EPS (Estimate)\n\n\nLendingClub\n$1.12 billion\n$0.92\n\n\nUpstart\n$1.07 billion\n$1.66\n\n\nSoFi\n$1.45 billion\n($0.28)\n\n\n\nSource = Analyst estimates\nEstimates for all three of these companies could change as analysts absorb LendingClub's quarterly results, and they could also revise Upstart and SoFi's up or down based on their Q3 earnings reports. But based on results from the last two quarters and projections for next year, the undervaluation of LendingClub is fairly simple to understand. The company has less than a $5 billion market cap, while SoFi's market cap is roughly $18.4 billion and Upstart's is $25.7 billion. Yet the revenue and profitability figures of the three over the past two quarters are not terribly different, and LendingClub has ramped up its originations, revenue, and profitability incredibly fast. In my view, the significant gap between the market caps of these three companies is not justifiable.\nWhy LendingClub can double from here\nI can understand that investors may not like the fact that LendingClub is retaining loans on its balance sheet and assuming the risk. They also might believe that its tech and data algorithms are inferior to Upstart's. I very much disagree with both points. But even an investor who does hold these beliefs could rationally see LendingClub as deserving a $10 billion market cap -- which would still be far below SoFi and Upstart.\nYet at Wednesday's prices, LendingClub trades around $47 per share with a $4.7 billion market cap -- less than half that level. Also, consider that LendingClub trades at only 4.4 times projected forward revenue. All of this leads me to conclude that LendingClub isn't getting enough credit, and it could double its stock price if it keeps producing consistent quarterly results.","news_type":1,"symbols_score_info":{"LC":0.9}},"isVote":1,"tweetType":1,"viewCount":1937,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":857831197,"gmtCreate":1635516942744,"gmtModify":1635516942744,"author":{"id":"3569303927346238","authorId":"3569303927346238","name":"ALEXNG88","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569303927346238","idStr":"3569303927346238"},"themes":[],"htmlText":"🥵<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>","listText":"🥵<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>","text":"🥵$Tiger Brokers(TIGR)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/857831197","isVote":1,"tweetType":1,"viewCount":2090,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"defaultTab":"posts","isTTM":false}