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UP Fintech Holding Limited (TIGR)
NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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It is down more than 70% from it’s all time high so there is plenty of room to recover.
The new Chinese Data-Protection Regulation effective on 1st of November, it will be similar to Europe’s GDPR. And the China Risk is heavily exploited by shorts ( it has a short float of around 25-30%).
It’s operating operating income is mostly obtained outside China.
By Calculating the Fair Value of a stock with an EPS of 0.09$ and a future 90% Expected Annual Growth Rate ( Conservatively), the Fair Value would be 17.79$, up 🚀97% 🚀from the current 9$ price.
Do your own dd.
Very good news, TigerBrokers has 98.89% operating income in New Zealand, and only 1.11% in mainland china. So even if the china crackdown affects tigr, the effect is negligible. this isnt cryptocurrency which is illegal and banned. it's just strict regulations being set in place. people are just worried for nothing. gonna buy more
Say again, Buy TIGR asap and Hold, it is quite undervalued !
This might not mean much to many, but TIGR's founder/CEO graduated from Tsinghua University, which is ranked among the most elite school in the world. Investing in a good company also depends a lot on good management, this is just one another reason why I'm so bullish with TIGR. Besides the fact, they are maintaining high double digit growth and positive earning...
Testing resistance @ 9.06. If it breaks through we see $10.
Our company has noticed certain media reports pertaining to the China Securities Regulatory Commission (“CSRC”) and other government authorities regarding the rules regulating the operations of online brokerage firms. Regarding the upcoming new rules to be implemented in the future, Tiger Fintech will continuously strengthen self-discipline and be an active practitioner of the new rules. As always, our company will follow the latest regulatory requirements, obey regulatory arrangements, and strictly implement the new rules.
From Tigr App community source.
15 oct 9:04pm.
1. Their main investor is Xiaomi, deep state-compliant and linked company on mainland China.
2. Already stated theyre compliant.
3. Jesus christ... If someone tomorrow wrote an article about tesla exaggerating every statement and that their vehicles are in fact plastic boxes with interior like a low-class Dacia... would everyone sell? I doubt it even that in that case it would be true...
If it stays below 8 im gonna sell oil and load up here big time.
Shorts have not covered. As I had said in my previous post that the short interest is probably much higher.
The current estimated Short interest is 37.13% of the free float!
21.45 million shares short!
Resistance at $8.54, then $9.07, and a gap above to fill to $9.92.
A move above these levels will put increasing pressure on the shorts.
If anyone here has some clout on WSB, feel free to post this and get the word out.
the 7500 shares I brought at $7.21 has me smiling already ☺
Chinese FinTech stocks $TIGR, $FUTU, $QFIN, $FINV, $LX are all rising good. QD is the leading Chinese FinTech stock, it is still at the bottom, it has a huge potential to rise sharply in the next one or two month.
Not sure how credible but seems that 14Oct was oversold like I've been saying
Thumbs up if you are still holding, adding, or started a position in TIGR.
Today It should rise UP to $11+ ! Buy TIGR asap and Hold !
I added some shares of TIGR just now, Buy and Hold !
Today is a classic FUD article. TIGR has been preparing for this law to come into effect for 2 years and are more than ready to comply. No impact to their business. They will keep growing revenues and adding customers at impressive rates over the coming years. Nice dip buying opportunity.
Tiger has now issued a response:
"Securities Times News, on October 14th, Tiger Group also made a special explanation on whether it was safe for Internet brokers to collect personal information.
Tiger said that the company has always regarded legal compliance as the lifeline of group operations and attached great importance to personal information protection and data security. In July 2019, after receiving the opinions from the App Special Governance Working Group, Tiger immediately set up a special action team to conduct in-depth communication and active cooperation with the special working group, and completed all the work as required on August 17, 2019.
It is understood that in the past few years, Tiger has obtained many domestic and international authoritative certifications in personal information protection and data security. "We attach great importance to the Personal Information Protection Law to be implemented in the near future. We have organized several rounds of study, training and assessment within the Group, and hired professional lawyers and external experts to provide corresponding guidance and implement it in various business operations of the Group."
Tiger said that the Group will continue to strengthen the study and training of relevant laws and regulations, closely track the latest regulatory requirements, conduct regular self-examination, earnestly implement the requirements of relevant national laws and regulations, and strictly protect the personal information security of users."
On chinas ''SEC'' website it is a lot of news about them opening up their securities market, this is good for tigr and futu right?
Hopefully 10% up today
Tiger Securities responded to the question of People's Daily Online. Tiger Securities stated that in July 2019, after receiving the opinions from the App Special Governance Working Group, the group immediately established a special action group and completed all the work as required on August 17, 2019. The "Personal Information Protection Law" has organized multiple rounds of learning, training and assessment within the group, and hired professional lawyers and external experts to provide corresponding guidance, which is implemented in the group's business operations. Previously, Futu also responded that it had completed all rectification work in accordance with regulatory requirements.
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