EUGENE8889的个人主页 - 老虎社区

EUGENE8889

EUGENE8889

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2021-11-01

Not easy to get 300 coins unless find or invite more friends to join.

@小虎活动:[Halloween Game] Trade or Treat!

2021-10-14

Tiger, are you sleeping? When wake up?

86Research initiates coverage on TIGR with a BUY rating<blockquote>86Research首次对TIGR给予买入评级</blockquote>

2021-10-04

What the heck of tiger doing? Price kept droping. F**ck

86Research initiates coverage on TIGR with a BUY rating<blockquote>86Research首次对TIGR给予买入评级</blockquote>

2021-09-09

Why tiger price keep dropping?

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2021-08-27

Tiger shares take so long to rise. When it can back the price of $30? Don't let me wait too long

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2021-08-13

Like me pls. [得意]

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2021-08-11

Hope Tiger share will be getting better soon

Most of Chinese stocks rose in premarket trading<blockquote>大多数中国股市在盘前交易中上涨</blockquote>

2021-08-09

What a shame!

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2021-08-03

Seems like the market will be more challenging today. Kamateh!

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2021-07-30

Pls like me

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2021-07-13

Share go higher then can retired earlier

Pfizer Inc - John D. Young, Group President, Chief Business Officer, Has Announced His Decision To Retire From Co In Early 2022<blockquote>辉瑞公司-集团总裁兼首席商务官John D.Young宣布决定于2022年初从Co退休</blockquote>

2021-07-07

Hope market will be good today.

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2021-07-07

Hope market will be good today.

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2021-07-01

Up up up!

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2021-07-01

Yeah!

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2021-06-21

Good luck to all of you. Pls like and comment. Thank you!

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2021-03-26

Newbie here. Please like and share. Thanks

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2021-03-16

我也想知道为什么A股还反弹啊！

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2021-03-16

😁😁😁

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2021-03-16

👏👏👏

美股区块链板块盘中拉升

去老虎APP查看更多动态

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target=\"_blank\">Tap&nbsp;here&nbsp;to&nbsp;play the Halloween game,&nbsp;and&nbsp;you&nbsp;stand&nbsp;a&nbsp;chance&nbsp;to win various rewards!&nbsp;</a> Promotion Period: October 27, 2021 18:00 - November 9, 2021 18:00 (SGT) 1.&nbsp;How to Participate? 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When wake up?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/825894239","repostId":"1169529009","repostType":2,"repost":{"id":"1169529009","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":1632904196,"share":"https://www.laohu8.com/m/news/1169529009?lang=zh_CN&edition=full","pubTime":"2021-09-29 16:29","market":"us","language":"en","title":"86Research initiates coverage on TIGR with a BUY rating<blockquote>86Research首次对TIGR给予买入评级</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1169529009","media":"Tiger Newspress","summary":"• 86Research initiates coverage on TIGR with a BUY rating. Growing demand for cross-border stock inv","content":"<p>• 86Research initiates coverage on TIGR with a BUY rating. Growing demand for cross-border stock investment in China and rising internet-based retail brokerage services globally&nbsp;together support strong industry fundamentals. TIGR, an early mover in the internet brokerage sector, significantly outperforms traditional brokers by providing better services for retail investors. Their&nbsp;price target of US$21 per ADS implies 83%&nbsp;upside&nbsp;potential&nbsp;from&nbsp;the&nbsp;latest&nbsp;market&nbsp;close&nbsp;price,&nbsp;despite&nbsp;possible&nbsp;sector-widevolatilityinChineseADRs.</p><p><blockquote>•86Research首次对TIGR给予买入评级。中国日益增长的跨境股票投资需求和全球范围内基于互联网的零售经纪服务的兴起共同支撑了强劲的行业基本面。TIGR是互联网券商领域的先行者，通过为散户投资者提供更好的服务，表现明显优于传统券商。尽管中国ADR可能出现全行业波动，但他们的目标价为每股ADR 21美元，这意味着较最新市场收盘价有83%的上涨潜力。</blockquote></p><p> •&nbsp;86Research forecasts TIGR’s net revenues will reach US&nbsp;$668 mln in 2024, giving it a 4-yr CAGR of 51%. According to their projection, the number of customers with deposits on TIGR will reach 1.7 mln by the end of 2024. The total AUM and financing balance will exceed US$103 bln and US$5.5 bln, respectively. Trading volumes on TIGR are forecast to reach US$1,338 bln in 2024. 86Research expects the commission rate will remain largely flat. More derivatives trades will partially offset the negative impact from price competition. 86Research thinks the blended interest rate will&nbsp;decline&nbsp;due&nbsp;to&nbsp;the&nbsp;mix&nbsp;change&nbsp;of&nbsp;financing&nbsp;activities&nbsp;on&nbsp;the&nbsp;platform.</p><p><blockquote>•86 Research预测TIGR的净收入将在2024年达到6.68亿美元，4年复合年增长率为51%。根据他们的预测，到2024年底，TIGR存款客户数量将达到170万。总AUM和融资余额将分别超过1030亿美元和55亿美元。预计2024年TIGR的交易量将达到13,380亿美元。86研究预计佣金率将基本保持不变。更多的衍生品交易将部分抵消价格竞争的负面影响。86Research认为，由于平台融资活动的组合变化，混合利率将会下降。</blockquote></p><p> • 86Research&nbsp;derives&nbsp;their&nbsp;US$21&nbsp;price&nbsp;target&nbsp;based&nbsp;on&nbsp;a&nbsp;20x&nbsp;2024E&nbsp;P/E&nbsp;multiple&nbsp;and&nbsp;13%&nbsp;2-yr&nbsp;discount&nbsp;rate.&nbsp;The&nbsp;PT&nbsp;implies&nbsp;13.8x/11.7x/8.4x&nbsp;2021E/2022E/2023E&nbsp;forward&nbsp;P/B&nbsp;multiples,&nbsp;reflecting&nbsp;a&nbsp;premium&nbsp;to&nbsp;global&nbsp;peers.&nbsp;HK&nbsp;license&nbsp;approval,&nbsp;progress&nbsp;in&nbsp;international&nbsp;expansion and US self-clearing are the key catalysts in the near term, while regulatory and macro uncertainties are the main investment risks. 86Research recommends investors buy the stock on recent pullbacks which have resulted from weak market sentiment. 86’s View on TIGR: BUY; PT$21/ADS; A Rising China-Based Internet Brokerage Platform; Global Expansion To Drive Long-term Growth; Recent pullbacks create a buying opportunity.</p><p><blockquote>•86 Research基于20 x 2024年市盈率和13%的2年贴现率得出21美元的目标价。PT意味着13.8 x/11.7 x/8.4 x 2021年/2022年/2023年E远期市净率倍数，反映出相对于全球同行的溢价。香港牌照批准、国际扩张进展和美国自我清算是近期的关键催化剂，而监管和宏观不确定性是主要的投资风险。86Research建议投资者在近期市场情绪疲软导致的回调中买入该股。86对TIGR的看法：买入；PT$21/ADS；一家正在崛起的中国互联网经纪平台；全球扩张以推动长期增长；最近的回调创造了买入机会。</blockquote></p><p> • 86Research is bullish on TIGR’s capability to continue to gain market share from traditional brokers. The strategic focus and operating efficiency of Internet companies give advantages to TIGR, such as lower pricing and better user experience in retail brokerage services. Moreover, TIGR provides more variety than most traditional brokers, enabling retail investors to trade securities in several markets in one app&nbsp;and&nbsp;one&nbsp;account.</p><p><blockquote>•86Research看好TIGR继续从传统经纪商那里获得市场份额的能力。互联网公司的战略重点和运营效率赋予了TIGR优势，例如在零售经纪服务方面更低的定价和更好的用户体验。此外，TIGR提供了比大多数传统经纪商更多的多样性，使散户投资者能够在一个应用程序和一个账户中交易多个市场的证券。</blockquote></p><p> • Non-commission revenues are ramping up quickly. Interest income will keep growing as more consolidated account (CA) account users will adopt self-funded financing services provided by TIGR. Their analysis suggests that the net interest spread of the financing services for CA account users was much higher than the rate of financing service for fully disclosed (FD) account users. In addition, the business&nbsp;development&nbsp;in&nbsp;investment&nbsp;banking&nbsp;and&nbsp;wealth&nbsp;management&nbsp;services&nbsp;are&nbsp;expected&nbsp;to&nbsp;contribute&nbsp;meaningful&nbsp;revenues.</p><p><blockquote>•非佣金收入快速增长。随着更多合并账户（CA）账户用户将采用TIGR提供的自筹资金融资服务，利息收入将持续增长。他们的分析表明，CA账户用户融资服务的净息差远高于完全披露（FD）账户用户融资服务的净息差。此外，投资银行及财富管理服务的业务发展预计将贡献可观的收入。</blockquote></p><p> • International expansion creates a new story. TIGR has ramped up its global expansion from 3Q20, mainly targeting Singapore and US markets. Singapore has more than 1 mln addressable individual investors, about half of the market size in HK. The US market has nearly 100 mln retail investors, with total assets of approximately $50 trillion.&nbsp;Although&nbsp;facing&nbsp;challenges&nbsp;in&nbsp;terms&nbsp;of&nbsp;culture,&nbsp;regulatory&nbsp;environment&nbsp;and&nbsp;competition,&nbsp;86Research&nbsp;is&nbsp;positive&nbsp;that&nbsp;TIGR&nbsp;will&nbsp;capture&nbsp;more&nbsp;growth&nbsp;in&nbsp;its&nbsp;two&nbsp;promising&nbsp;markets.</p><p><blockquote>•国际扩张创造新故事。TIGR加大了从2020年第三季度的全球扩张力度，主要瞄准新加坡和美国市场。新加坡拥有超过100万潜在个人投资者，约为香港市场规模的一半。美国市场拥有近1亿散户投资者，总资产约50万亿美元。尽管面临文化、监管环境和竞争方面的挑战，86 Research乐观地认为TIGR将在其两个有前景的市场中获得更多增长。</blockquote></p><p> • TIGR’s stock price has been volatile. 86Research recommends investors buy on the dip. Recent stock market volatility will impact its financial performance but won‘t change the long-term growth story, in their view. The company continues to gain market share in retail brokerage services and develop non-commission businesses, such as margin financing, wealth management, order flows, etc.86Research&nbsp;is confident such growth&nbsp;can&nbsp;offset&nbsp;the&nbsp;cyclical&nbsp;impact&nbsp;from&nbsp;a&nbsp;long-term&nbsp;perspective.</p><p><blockquote>•TIGR的股价一直波动。86Research建议投资者逢低买入。他们认为，最近的股市波动将影响其财务业绩，但不会改变长期增长故事。该公司继续获得零售经纪服务的市场份额，并发展非佣金业务，如保证金融资、财富管理、订单流等。86 Research有信心从长期角度来看，这种增长可以抵消周期性影响。</blockquote></p><p> • HK license is a near-term catalyst. TIGR is expected to get a brokerage license in HK as soon as this year, which will enable it to run market campaigns and acquire users in the region. As a registered brokerage firm, TIGR&nbsp;can&nbsp;also&nbsp;build&nbsp;connections&nbsp;with&nbsp;banks to&nbsp;provide&nbsp;IPO&nbsp;subscriptions&nbsp;and&nbsp;financing&nbsp;services&nbsp;in&nbsp;Hong&nbsp;Kong&nbsp;and&nbsp;support&nbsp;the&nbsp;development&nbsp;of&nbsp;margin&nbsp;financing&nbsp;business.</p><p><blockquote>•香港牌照是近期的催化剂。TIGR预计最快将于今年在香港获得经纪牌照，这将使其能够在该地区开展市场活动并获取用户。作为注册券商，TIGR还可以与银行建立联系，在香港提供IPO认购和融资服务，并支持融资业务的发展。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>86Research initiates coverage on TIGR with a BUY rating<blockquote>86Research首次对TIGR给予买入评级</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n86Research initiates coverage on TIGR with a BUY rating<blockquote>86Research首次对TIGR给予买入评级</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-09-29 16:29</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>• 86Research initiates coverage on TIGR with a BUY rating. Growing demand for cross-border stock investment in China and rising internet-based retail brokerage services globally&nbsp;together support strong industry fundamentals. TIGR, an early mover in the internet brokerage sector, significantly outperforms traditional brokers by providing better services for retail investors. Their&nbsp;price target of US$21 per ADS implies 83%&nbsp;upside&nbsp;potential&nbsp;from&nbsp;the&nbsp;latest&nbsp;market&nbsp;close&nbsp;price,&nbsp;despite&nbsp;possible&nbsp;sector-widevolatilityinChineseADRs.</p><p><blockquote>•86Research首次对TIGR给予买入评级。中国日益增长的跨境股票投资需求和全球范围内基于互联网的零售经纪服务的兴起共同支撑了强劲的行业基本面。TIGR是互联网券商领域的先行者，通过为散户投资者提供更好的服务，表现明显优于传统券商。尽管中国ADR可能出现全行业波动，但他们的目标价为每股ADR 21美元，这意味着较最新市场收盘价有83%的上涨潜力。</blockquote></p><p> •&nbsp;86Research forecasts TIGR’s net revenues will reach US&nbsp;$668 mln in 2024, giving it a 4-yr CAGR of 51%. According to their projection, the number of customers with deposits on TIGR will reach 1.7 mln by the end of 2024. The total AUM and financing balance will exceed US$103 bln and US$5.5 bln, respectively. Trading volumes on TIGR are forecast to reach US$1,338 bln in 2024. 86Research expects the commission rate will remain largely flat. More derivatives trades will partially offset the negative impact from price competition. 86Research thinks the blended interest rate will&nbsp;decline&nbsp;due&nbsp;to&nbsp;the&nbsp;mix&nbsp;change&nbsp;of&nbsp;financing&nbsp;activities&nbsp;on&nbsp;the&nbsp;platform.</p><p><blockquote>•86 Research预测TIGR的净收入将在2024年达到6.68亿美元，4年复合年增长率为51%。根据他们的预测，到2024年底，TIGR存款客户数量将达到170万。总AUM和融资余额将分别超过1030亿美元和55亿美元。预计2024年TIGR的交易量将达到13,380亿美元。86研究预计佣金率将基本保持不变。更多的衍生品交易将部分抵消价格竞争的负面影响。86Research认为，由于平台融资活动的组合变化，混合利率将会下降。</blockquote></p><p> • 86Research&nbsp;derives&nbsp;their&nbsp;US$21&nbsp;price&nbsp;target&nbsp;based&nbsp;on&nbsp;a&nbsp;20x&nbsp;2024E&nbsp;P/E&nbsp;multiple&nbsp;and&nbsp;13%&nbsp;2-yr&nbsp;discount&nbsp;rate.&nbsp;The&nbsp;PT&nbsp;implies&nbsp;13.8x/11.7x/8.4x&nbsp;2021E/2022E/2023E&nbsp;forward&nbsp;P/B&nbsp;multiples,&nbsp;reflecting&nbsp;a&nbsp;premium&nbsp;to&nbsp;global&nbsp;peers.&nbsp;HK&nbsp;license&nbsp;approval,&nbsp;progress&nbsp;in&nbsp;international&nbsp;expansion and US self-clearing are the key catalysts in the near term, while regulatory and macro uncertainties are the main investment risks. 86Research recommends investors buy the stock on recent pullbacks which have resulted from weak market sentiment. 86’s View on TIGR: BUY; PT$21/ADS; A Rising China-Based Internet Brokerage Platform; Global Expansion To Drive Long-term Growth; Recent pullbacks create a buying opportunity.</p><p><blockquote>•86 Research基于20 x 2024年市盈率和13%的2年贴现率得出21美元的目标价。PT意味着13.8 x/11.7 x/8.4 x 2021年/2022年/2023年E远期市净率倍数，反映出相对于全球同行的溢价。香港牌照批准、国际扩张进展和美国自我清算是近期的关键催化剂，而监管和宏观不确定性是主要的投资风险。86Research建议投资者在近期市场情绪疲软导致的回调中买入该股。86对TIGR的看法：买入；PT$21/ADS；一家正在崛起的中国互联网经纪平台；全球扩张以推动长期增长；最近的回调创造了买入机会。</blockquote></p><p> • 86Research is bullish on TIGR’s capability to continue to gain market share from traditional brokers. The strategic focus and operating efficiency of Internet companies give advantages to TIGR, such as lower pricing and better user experience in retail brokerage services. Moreover, TIGR provides more variety than most traditional brokers, enabling retail investors to trade securities in several markets in one app&nbsp;and&nbsp;one&nbsp;account.</p><p><blockquote>•86Research看好TIGR继续从传统经纪商那里获得市场份额的能力。互联网公司的战略重点和运营效率赋予了TIGR优势，例如在零售经纪服务方面更低的定价和更好的用户体验。此外，TIGR提供了比大多数传统经纪商更多的多样性，使散户投资者能够在一个应用程序和一个账户中交易多个市场的证券。</blockquote></p><p> • Non-commission revenues are ramping up quickly. Interest income will keep growing as more consolidated account (CA) account users will adopt self-funded financing services provided by TIGR. Their analysis suggests that the net interest spread of the financing services for CA account users was much higher than the rate of financing service for fully disclosed (FD) account users. In addition, the business&nbsp;development&nbsp;in&nbsp;investment&nbsp;banking&nbsp;and&nbsp;wealth&nbsp;management&nbsp;services&nbsp;are&nbsp;expected&nbsp;to&nbsp;contribute&nbsp;meaningful&nbsp;revenues.</p><p><blockquote>•非佣金收入快速增长。随着更多合并账户（CA）账户用户将采用TIGR提供的自筹资金融资服务，利息收入将持续增长。他们的分析表明，CA账户用户融资服务的净息差远高于完全披露（FD）账户用户融资服务的净息差。此外，投资银行及财富管理服务的业务发展预计将贡献可观的收入。</blockquote></p><p> • International expansion creates a new story. TIGR has ramped up its global expansion from 3Q20, mainly targeting Singapore and US markets. Singapore has more than 1 mln addressable individual investors, about half of the market size in HK. The US market has nearly 100 mln retail investors, with total assets of approximately $50 trillion.&nbsp;Although&nbsp;facing&nbsp;challenges&nbsp;in&nbsp;terms&nbsp;of&nbsp;culture,&nbsp;regulatory&nbsp;environment&nbsp;and&nbsp;competition,&nbsp;86Research&nbsp;is&nbsp;positive&nbsp;that&nbsp;TIGR&nbsp;will&nbsp;capture&nbsp;more&nbsp;growth&nbsp;in&nbsp;its&nbsp;two&nbsp;promising&nbsp;markets.</p><p><blockquote>•国际扩张创造新故事。TIGR加大了从2020年第三季度的全球扩张力度，主要瞄准新加坡和美国市场。新加坡拥有超过100万潜在个人投资者，约为香港市场规模的一半。美国市场拥有近1亿散户投资者，总资产约50万亿美元。尽管面临文化、监管环境和竞争方面的挑战，86 Research乐观地认为TIGR将在其两个有前景的市场中获得更多增长。</blockquote></p><p> • TIGR’s stock price has been volatile. 86Research recommends investors buy on the dip. Recent stock market volatility will impact its financial performance but won‘t change the long-term growth story, in their view. The company continues to gain market share in retail brokerage services and develop non-commission businesses, such as margin financing, wealth management, order flows, etc.86Research&nbsp;is confident such growth&nbsp;can&nbsp;offset&nbsp;the&nbsp;cyclical&nbsp;impact&nbsp;from&nbsp;a&nbsp;long-term&nbsp;perspective.</p><p><blockquote>•TIGR的股价一直波动。86Research建议投资者逢低买入。他们认为，最近的股市波动将影响其财务业绩，但不会改变长期增长故事。该公司继续获得零售经纪服务的市场份额，并发展非佣金业务，如保证金融资、财富管理、订单流等。86 Research有信心从长期角度来看，这种增长可以抵消周期性影响。</blockquote></p><p> • HK license is a near-term catalyst. TIGR is expected to get a brokerage license in HK as soon as this year, which will enable it to run market campaigns and acquire users in the region. As a registered brokerage firm, TIGR&nbsp;can&nbsp;also&nbsp;build&nbsp;connections&nbsp;with&nbsp;banks to&nbsp;provide&nbsp;IPO&nbsp;subscriptions&nbsp;and&nbsp;financing&nbsp;services&nbsp;in&nbsp;Hong&nbsp;Kong&nbsp;and&nbsp;support&nbsp;the&nbsp;development&nbsp;of&nbsp;margin&nbsp;financing&nbsp;business.</p><p><blockquote>•香港牌照是近期的催化剂。TIGR预计最快将于今年在香港获得经纪牌照，这将使其能够在该地区开展市场活动并获取用户。作为注册券商，TIGR还可以与银行建立联系，在香港提供IPO认购和融资服务，并支持融资业务的发展。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169529009","content_text":"• 86Research initiates coverage on TIGR with a BUY rating. Growing demand for cross-border stock investment in China and rising internet-based retail brokerage services globally together support strong industry fundamentals. TIGR, an early mover in the internet brokerage sector, significantly outperforms traditional brokers by providing better services for retail investors. Their price target of US$21 per ADS implies 83% upside potential from the latest market close price, despite possible sector-widevolatilityinChineseADRs.\n• 86Research forecasts TIGR’s net revenues will reach US $668 mln in 2024, giving it a 4-yr CAGR of 51%. According to their projection, the number of customers with deposits on TIGR will reach 1.7 mln by the end of 2024. The total AUM and financing balance will exceed US$103 bln and US$5.5 bln, respectively. Trading volumes on TIGR are forecast to reach US$1,338 bln in 2024. 86Research expects the commission rate will remain largely flat. More derivatives trades will partially offset the negative impact from price competition. 86Research thinks the blended interest rate will decline due to the mix change of financing activities on the platform.\n• 86Research derives their US$21 price target based on a 20x 2024E P/E multiple and 13% 2-yr discount rate. The PT implies 13.8x/11.7x/8.4x 2021E/2022E/2023E forward P/B multiples, reflecting a premium to global peers. HK license approval, progress in international expansion and US self-clearing are the key catalysts in the near term, while regulatory and macro uncertainties are the main investment risks. 86Research recommends investors buy the stock on recent pullbacks which have resulted from weak market sentiment. 86’s View on TIGR: BUY; PT$21/ADS; A Rising China-Based Internet Brokerage Platform; Global Expansion To Drive Long-term Growth; Recent pullbacks create a buying opportunity.\n• 86Research is bullish on TIGR’s capability to continue to gain market share from traditional brokers. The strategic focus and operating efficiency of Internet companies give advantages to TIGR, such as lower pricing and better user experience in retail brokerage services. Moreover, TIGR provides more variety than most traditional brokers, enabling retail investors to trade securities in several markets in one app and one account.\n• Non-commission revenues are ramping up quickly. Interest income will keep growing as more consolidated account (CA) account users will adopt self-funded financing services provided by TIGR. Their analysis suggests that the net interest spread of the financing services for CA account users was much higher than the rate of financing service for fully disclosed (FD) account users. In addition, the business development in investment banking and wealth management services are expected to contribute meaningful revenues.\n• International expansion creates a new story. TIGR has ramped up its global expansion from 3Q20, mainly targeting Singapore and US markets. Singapore has more than 1 mln addressable individual investors, about half of the market size in HK. The US market has nearly 100 mln retail investors, with total assets of approximately $50 trillion. Although facing challenges in terms of culture, regulatory environment and competition, 86Research is positive that TIGR will capture more growth in its two promising markets.\n• TIGR’s stock price has been volatile. 86Research recommends investors buy on the dip. Recent stock market volatility will impact its financial performance but won‘t change the long-term growth story, in their view. The company continues to gain market share in retail brokerage services and develop non-commission businesses, such as margin financing, wealth management, order flows, etc.86Research is confident such growth can offset the cyclical impact from a long-term perspective.\n• HK license is a near-term catalyst. TIGR is expected to get a brokerage license in HK as soon as this year, which will enable it to run market campaigns and acquire users in the region. As a registered brokerage firm, TIGR can also build connections with banks to provide IPO subscriptions and financing services in Hong Kong and support the development of margin financing business.","news_type":1,"symbols_score_info":{"TIGR":0.9}},"isVote":1,"tweetType":1,"viewCount":1740,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":820105902,"gmtCreate":1633356770048,"gmtModify":1633356770241,"author":{"id":"3578687695808422","authorId":"3578687695808422","name":"EUGENE8889","avatar":"https://static.tigerbbs.com/c24794060720d1132e361ed84bf507c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578687695808422","idStr":"3578687695808422"},"themes":[],"htmlText":"What the heck of tiger doing? Price kept droping. F**ck","listText":"What the heck of tiger doing? Price kept droping. F**ck","text":"What the heck of tiger doing? Price kept droping. F**ck","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/820105902","repostId":"1169529009","repostType":2,"repost":{"id":"1169529009","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":1632904196,"share":"https://www.laohu8.com/m/news/1169529009?lang=zh_CN&edition=full","pubTime":"2021-09-29 16:29","market":"us","language":"en","title":"86Research initiates coverage on TIGR with a BUY rating<blockquote>86Research首次对TIGR给予买入评级</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1169529009","media":"Tiger Newspress","summary":"• 86Research initiates coverage on TIGR with a BUY rating. Growing demand for cross-border stock inv","content":"<p>• 86Research initiates coverage on TIGR with a BUY rating. Growing demand for cross-border stock investment in China and rising internet-based retail brokerage services globally&nbsp;together support strong industry fundamentals. TIGR, an early mover in the internet brokerage sector, significantly outperforms traditional brokers by providing better services for retail investors. Their&nbsp;price target of US$21 per ADS implies 83%&nbsp;upside&nbsp;potential&nbsp;from&nbsp;the&nbsp;latest&nbsp;market&nbsp;close&nbsp;price,&nbsp;despite&nbsp;possible&nbsp;sector-widevolatilityinChineseADRs.</p><p><blockquote>•86Research首次对TIGR给予买入评级。中国日益增长的跨境股票投资需求和全球范围内基于互联网的零售经纪服务的兴起共同支撑了强劲的行业基本面。TIGR是互联网券商领域的先行者，通过为散户投资者提供更好的服务，表现明显优于传统券商。尽管中国ADR可能出现全行业波动，但他们的目标价为每股ADR 21美元，这意味着较最新市场收盘价有83%的上涨潜力。</blockquote></p><p> •&nbsp;86Research forecasts TIGR’s net revenues will reach US&nbsp;$668 mln in 2024, giving it a 4-yr CAGR of 51%. According to their projection, the number of customers with deposits on TIGR will reach 1.7 mln by the end of 2024. The total AUM and financing balance will exceed US$103 bln and US$5.5 bln, respectively. Trading volumes on TIGR are forecast to reach US$1,338 bln in 2024. 86Research expects the commission rate will remain largely flat. More derivatives trades will partially offset the negative impact from price competition. 86Research thinks the blended interest rate will&nbsp;decline&nbsp;due&nbsp;to&nbsp;the&nbsp;mix&nbsp;change&nbsp;of&nbsp;financing&nbsp;activities&nbsp;on&nbsp;the&nbsp;platform.</p><p><blockquote>•86 Research预测TIGR的净收入将在2024年达到6.68亿美元，4年复合年增长率为51%。根据他们的预测，到2024年底，TIGR存款客户数量将达到170万。总AUM和融资余额将分别超过1030亿美元和55亿美元。预计2024年TIGR的交易量将达到13,380亿美元。86研究预计佣金率将基本保持不变。更多的衍生品交易将部分抵消价格竞争的负面影响。86Research认为，由于平台融资活动的组合变化，混合利率将会下降。</blockquote></p><p> • 86Research&nbsp;derives&nbsp;their&nbsp;US$21&nbsp;price&nbsp;target&nbsp;based&nbsp;on&nbsp;a&nbsp;20x&nbsp;2024E&nbsp;P/E&nbsp;multiple&nbsp;and&nbsp;13%&nbsp;2-yr&nbsp;discount&nbsp;rate.&nbsp;The&nbsp;PT&nbsp;implies&nbsp;13.8x/11.7x/8.4x&nbsp;2021E/2022E/2023E&nbsp;forward&nbsp;P/B&nbsp;multiples,&nbsp;reflecting&nbsp;a&nbsp;premium&nbsp;to&nbsp;global&nbsp;peers.&nbsp;HK&nbsp;license&nbsp;approval,&nbsp;progress&nbsp;in&nbsp;international&nbsp;expansion and US self-clearing are the key catalysts in the near term, while regulatory and macro uncertainties are the main investment risks. 86Research recommends investors buy the stock on recent pullbacks which have resulted from weak market sentiment. 86’s View on TIGR: BUY; PT$21/ADS; A Rising China-Based Internet Brokerage Platform; Global Expansion To Drive Long-term Growth; Recent pullbacks create a buying opportunity.</p><p><blockquote>•86 Research基于20 x 2024年市盈率和13%的2年贴现率得出21美元的目标价。PT意味着13.8 x/11.7 x/8.4 x 2021年/2022年/2023年E远期市净率倍数，反映出相对于全球同行的溢价。香港牌照批准、国际扩张进展和美国自我清算是近期的关键催化剂，而监管和宏观不确定性是主要的投资风险。86Research建议投资者在近期市场情绪疲软导致的回调中买入该股。86对TIGR的看法：买入；PT$21/ADS；一家正在崛起的中国互联网经纪平台；全球扩张以推动长期增长；最近的回调创造了买入机会。</blockquote></p><p> • 86Research is bullish on TIGR’s capability to continue to gain market share from traditional brokers. The strategic focus and operating efficiency of Internet companies give advantages to TIGR, such as lower pricing and better user experience in retail brokerage services. Moreover, TIGR provides more variety than most traditional brokers, enabling retail investors to trade securities in several markets in one app&nbsp;and&nbsp;one&nbsp;account.</p><p><blockquote>•86Research看好TIGR继续从传统经纪商那里获得市场份额的能力。互联网公司的战略重点和运营效率赋予了TIGR优势，例如在零售经纪服务方面更低的定价和更好的用户体验。此外，TIGR提供了比大多数传统经纪商更多的多样性，使散户投资者能够在一个应用程序和一个账户中交易多个市场的证券。</blockquote></p><p> • Non-commission revenues are ramping up quickly. Interest income will keep growing as more consolidated account (CA) account users will adopt self-funded financing services provided by TIGR. Their analysis suggests that the net interest spread of the financing services for CA account users was much higher than the rate of financing service for fully disclosed (FD) account users. In addition, the business&nbsp;development&nbsp;in&nbsp;investment&nbsp;banking&nbsp;and&nbsp;wealth&nbsp;management&nbsp;services&nbsp;are&nbsp;expected&nbsp;to&nbsp;contribute&nbsp;meaningful&nbsp;revenues.</p><p><blockquote>•非佣金收入快速增长。随着更多合并账户（CA）账户用户将采用TIGR提供的自筹资金融资服务，利息收入将持续增长。他们的分析表明，CA账户用户融资服务的净息差远高于完全披露（FD）账户用户融资服务的净息差。此外，投资银行及财富管理服务的业务发展预计将贡献可观的收入。</blockquote></p><p> • International expansion creates a new story. TIGR has ramped up its global expansion from 3Q20, mainly targeting Singapore and US markets. Singapore has more than 1 mln addressable individual investors, about half of the market size in HK. The US market has nearly 100 mln retail investors, with total assets of approximately $50 trillion.&nbsp;Although&nbsp;facing&nbsp;challenges&nbsp;in&nbsp;terms&nbsp;of&nbsp;culture,&nbsp;regulatory&nbsp;environment&nbsp;and&nbsp;competition,&nbsp;86Research&nbsp;is&nbsp;positive&nbsp;that&nbsp;TIGR&nbsp;will&nbsp;capture&nbsp;more&nbsp;growth&nbsp;in&nbsp;its&nbsp;two&nbsp;promising&nbsp;markets.</p><p><blockquote>•国际扩张创造新故事。TIGR加大了从2020年第三季度的全球扩张力度，主要瞄准新加坡和美国市场。新加坡拥有超过100万潜在个人投资者，约为香港市场规模的一半。美国市场拥有近1亿散户投资者，总资产约50万亿美元。尽管面临文化、监管环境和竞争方面的挑战，86 Research乐观地认为TIGR将在其两个有前景的市场中获得更多增长。</blockquote></p><p> • TIGR’s stock price has been volatile. 86Research recommends investors buy on the dip. Recent stock market volatility will impact its financial performance but won‘t change the long-term growth story, in their view. The company continues to gain market share in retail brokerage services and develop non-commission businesses, such as margin financing, wealth management, order flows, etc.86Research&nbsp;is confident such growth&nbsp;can&nbsp;offset&nbsp;the&nbsp;cyclical&nbsp;impact&nbsp;from&nbsp;a&nbsp;long-term&nbsp;perspective.</p><p><blockquote>•TIGR的股价一直波动。86Research建议投资者逢低买入。他们认为，最近的股市波动将影响其财务业绩，但不会改变长期增长故事。该公司继续获得零售经纪服务的市场份额，并发展非佣金业务，如保证金融资、财富管理、订单流等。86 Research有信心从长期角度来看，这种增长可以抵消周期性影响。</blockquote></p><p> • HK license is a near-term catalyst. TIGR is expected to get a brokerage license in HK as soon as this year, which will enable it to run market campaigns and acquire users in the region. As a registered brokerage firm, TIGR&nbsp;can&nbsp;also&nbsp;build&nbsp;connections&nbsp;with&nbsp;banks to&nbsp;provide&nbsp;IPO&nbsp;subscriptions&nbsp;and&nbsp;financing&nbsp;services&nbsp;in&nbsp;Hong&nbsp;Kong&nbsp;and&nbsp;support&nbsp;the&nbsp;development&nbsp;of&nbsp;margin&nbsp;financing&nbsp;business.</p><p><blockquote>•香港牌照是近期的催化剂。TIGR预计最快将于今年在香港获得经纪牌照，这将使其能够在该地区开展市场活动并获取用户。作为注册券商，TIGR还可以与银行建立联系，在香港提供IPO认购和融资服务，并支持融资业务的发展。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>86Research initiates coverage on TIGR with a BUY rating<blockquote>86Research首次对TIGR给予买入评级</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n86Research initiates coverage on TIGR with a BUY rating<blockquote>86Research首次对TIGR给予买入评级</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-09-29 16:29</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>• 86Research initiates coverage on TIGR with a BUY rating. Growing demand for cross-border stock investment in China and rising internet-based retail brokerage services globally&nbsp;together support strong industry fundamentals. TIGR, an early mover in the internet brokerage sector, significantly outperforms traditional brokers by providing better services for retail investors. Their&nbsp;price target of US$21 per ADS implies 83%&nbsp;upside&nbsp;potential&nbsp;from&nbsp;the&nbsp;latest&nbsp;market&nbsp;close&nbsp;price,&nbsp;despite&nbsp;possible&nbsp;sector-widevolatilityinChineseADRs.</p><p><blockquote>•86Research首次对TIGR给予买入评级。中国日益增长的跨境股票投资需求和全球范围内基于互联网的零售经纪服务的兴起共同支撑了强劲的行业基本面。TIGR是互联网券商领域的先行者，通过为散户投资者提供更好的服务，表现明显优于传统券商。尽管中国ADR可能出现全行业波动，但他们的目标价为每股ADR 21美元，这意味着较最新市场收盘价有83%的上涨潜力。</blockquote></p><p> •&nbsp;86Research forecasts TIGR’s net revenues will reach US&nbsp;$668 mln in 2024, giving it a 4-yr CAGR of 51%. According to their projection, the number of customers with deposits on TIGR will reach 1.7 mln by the end of 2024. The total AUM and financing balance will exceed US$103 bln and US$5.5 bln, respectively. Trading volumes on TIGR are forecast to reach US$1,338 bln in 2024. 86Research expects the commission rate will remain largely flat. More derivatives trades will partially offset the negative impact from price competition. 86Research thinks the blended interest rate will&nbsp;decline&nbsp;due&nbsp;to&nbsp;the&nbsp;mix&nbsp;change&nbsp;of&nbsp;financing&nbsp;activities&nbsp;on&nbsp;the&nbsp;platform.</p><p><blockquote>•86 Research预测TIGR的净收入将在2024年达到6.68亿美元，4年复合年增长率为51%。根据他们的预测，到2024年底，TIGR存款客户数量将达到170万。总AUM和融资余额将分别超过1030亿美元和55亿美元。预计2024年TIGR的交易量将达到13,380亿美元。86研究预计佣金率将基本保持不变。更多的衍生品交易将部分抵消价格竞争的负面影响。86Research认为，由于平台融资活动的组合变化，混合利率将会下降。</blockquote></p><p> • 86Research&nbsp;derives&nbsp;their&nbsp;US$21&nbsp;price&nbsp;target&nbsp;based&nbsp;on&nbsp;a&nbsp;20x&nbsp;2024E&nbsp;P/E&nbsp;multiple&nbsp;and&nbsp;13%&nbsp;2-yr&nbsp;discount&nbsp;rate.&nbsp;The&nbsp;PT&nbsp;implies&nbsp;13.8x/11.7x/8.4x&nbsp;2021E/2022E/2023E&nbsp;forward&nbsp;P/B&nbsp;multiples,&nbsp;reflecting&nbsp;a&nbsp;premium&nbsp;to&nbsp;global&nbsp;peers.&nbsp;HK&nbsp;license&nbsp;approval,&nbsp;progress&nbsp;in&nbsp;international&nbsp;expansion and US self-clearing are the key catalysts in the near term, while regulatory and macro uncertainties are the main investment risks. 86Research recommends investors buy the stock on recent pullbacks which have resulted from weak market sentiment. 86’s View on TIGR: BUY; PT$21/ADS; A Rising China-Based Internet Brokerage Platform; Global Expansion To Drive Long-term Growth; Recent pullbacks create a buying opportunity.</p><p><blockquote>•86 Research基于20 x 2024年市盈率和13%的2年贴现率得出21美元的目标价。PT意味着13.8 x/11.7 x/8.4 x 2021年/2022年/2023年E远期市净率倍数，反映出相对于全球同行的溢价。香港牌照批准、国际扩张进展和美国自我清算是近期的关键催化剂，而监管和宏观不确定性是主要的投资风险。86Research建议投资者在近期市场情绪疲软导致的回调中买入该股。86对TIGR的看法：买入；PT$21/ADS；一家正在崛起的中国互联网经纪平台；全球扩张以推动长期增长；最近的回调创造了买入机会。</blockquote></p><p> • 86Research is bullish on TIGR’s capability to continue to gain market share from traditional brokers. The strategic focus and operating efficiency of Internet companies give advantages to TIGR, such as lower pricing and better user experience in retail brokerage services. Moreover, TIGR provides more variety than most traditional brokers, enabling retail investors to trade securities in several markets in one app&nbsp;and&nbsp;one&nbsp;account.</p><p><blockquote>•86Research看好TIGR继续从传统经纪商那里获得市场份额的能力。互联网公司的战略重点和运营效率赋予了TIGR优势，例如在零售经纪服务方面更低的定价和更好的用户体验。此外，TIGR提供了比大多数传统经纪商更多的多样性，使散户投资者能够在一个应用程序和一个账户中交易多个市场的证券。</blockquote></p><p> • Non-commission revenues are ramping up quickly. Interest income will keep growing as more consolidated account (CA) account users will adopt self-funded financing services provided by TIGR. Their analysis suggests that the net interest spread of the financing services for CA account users was much higher than the rate of financing service for fully disclosed (FD) account users. In addition, the business&nbsp;development&nbsp;in&nbsp;investment&nbsp;banking&nbsp;and&nbsp;wealth&nbsp;management&nbsp;services&nbsp;are&nbsp;expected&nbsp;to&nbsp;contribute&nbsp;meaningful&nbsp;revenues.</p><p><blockquote>•非佣金收入快速增长。随着更多合并账户（CA）账户用户将采用TIGR提供的自筹资金融资服务，利息收入将持续增长。他们的分析表明，CA账户用户融资服务的净息差远高于完全披露（FD）账户用户融资服务的净息差。此外，投资银行及财富管理服务的业务发展预计将贡献可观的收入。</blockquote></p><p> • International expansion creates a new story. TIGR has ramped up its global expansion from 3Q20, mainly targeting Singapore and US markets. Singapore has more than 1 mln addressable individual investors, about half of the market size in HK. The US market has nearly 100 mln retail investors, with total assets of approximately $50 trillion.&nbsp;Although&nbsp;facing&nbsp;challenges&nbsp;in&nbsp;terms&nbsp;of&nbsp;culture,&nbsp;regulatory&nbsp;environment&nbsp;and&nbsp;competition,&nbsp;86Research&nbsp;is&nbsp;positive&nbsp;that&nbsp;TIGR&nbsp;will&nbsp;capture&nbsp;more&nbsp;growth&nbsp;in&nbsp;its&nbsp;two&nbsp;promising&nbsp;markets.</p><p><blockquote>•国际扩张创造新故事。TIGR加大了从2020年第三季度的全球扩张力度，主要瞄准新加坡和美国市场。新加坡拥有超过100万潜在个人投资者，约为香港市场规模的一半。美国市场拥有近1亿散户投资者，总资产约50万亿美元。尽管面临文化、监管环境和竞争方面的挑战，86 Research乐观地认为TIGR将在其两个有前景的市场中获得更多增长。</blockquote></p><p> • TIGR’s stock price has been volatile. 86Research recommends investors buy on the dip. Recent stock market volatility will impact its financial performance but won‘t change the long-term growth story, in their view. The company continues to gain market share in retail brokerage services and develop non-commission businesses, such as margin financing, wealth management, order flows, etc.86Research&nbsp;is confident such growth&nbsp;can&nbsp;offset&nbsp;the&nbsp;cyclical&nbsp;impact&nbsp;from&nbsp;a&nbsp;long-term&nbsp;perspective.</p><p><blockquote>•TIGR的股价一直波动。86Research建议投资者逢低买入。他们认为，最近的股市波动将影响其财务业绩，但不会改变长期增长故事。该公司继续获得零售经纪服务的市场份额，并发展非佣金业务，如保证金融资、财富管理、订单流等。86 Research有信心从长期角度来看，这种增长可以抵消周期性影响。</blockquote></p><p> • HK license is a near-term catalyst. TIGR is expected to get a brokerage license in HK as soon as this year, which will enable it to run market campaigns and acquire users in the region. As a registered brokerage firm, TIGR&nbsp;can&nbsp;also&nbsp;build&nbsp;connections&nbsp;with&nbsp;banks to&nbsp;provide&nbsp;IPO&nbsp;subscriptions&nbsp;and&nbsp;financing&nbsp;services&nbsp;in&nbsp;Hong&nbsp;Kong&nbsp;and&nbsp;support&nbsp;the&nbsp;development&nbsp;of&nbsp;margin&nbsp;financing&nbsp;business.</p><p><blockquote>•香港牌照是近期的催化剂。TIGR预计最快将于今年在香港获得经纪牌照，这将使其能够在该地区开展市场活动并获取用户。作为注册券商，TIGR还可以与银行建立联系，在香港提供IPO认购和融资服务，并支持融资业务的发展。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169529009","content_text":"• 86Research initiates coverage on TIGR with a BUY rating. Growing demand for cross-border stock investment in China and rising internet-based retail brokerage services globally together support strong industry fundamentals. TIGR, an early mover in the internet brokerage sector, significantly outperforms traditional brokers by providing better services for retail investors. Their price target of US$21 per ADS implies 83% upside potential from the latest market close price, despite possible sector-widevolatilityinChineseADRs.\n• 86Research forecasts TIGR’s net revenues will reach US $668 mln in 2024, giving it a 4-yr CAGR of 51%. According to their projection, the number of customers with deposits on TIGR will reach 1.7 mln by the end of 2024. The total AUM and financing balance will exceed US$103 bln and US$5.5 bln, respectively. Trading volumes on TIGR are forecast to reach US$1,338 bln in 2024. 86Research expects the commission rate will remain largely flat. More derivatives trades will partially offset the negative impact from price competition. 86Research thinks the blended interest rate will decline due to the mix change of financing activities on the platform.\n• 86Research derives their US$21 price target based on a 20x 2024E P/E multiple and 13% 2-yr discount rate. The PT implies 13.8x/11.7x/8.4x 2021E/2022E/2023E forward P/B multiples, reflecting a premium to global peers. HK license approval, progress in international expansion and US self-clearing are the key catalysts in the near term, while regulatory and macro uncertainties are the main investment risks. 86Research recommends investors buy the stock on recent pullbacks which have resulted from weak market sentiment. 86’s View on TIGR: BUY; PT$21/ADS; A Rising China-Based Internet Brokerage Platform; Global Expansion To Drive Long-term Growth; Recent pullbacks create a buying opportunity.\n• 86Research is bullish on TIGR’s capability to continue to gain market share from traditional brokers. The strategic focus and operating efficiency of Internet companies give advantages to TIGR, such as lower pricing and better user experience in retail brokerage services. Moreover, TIGR provides more variety than most traditional brokers, enabling retail investors to trade securities in several markets in one app and one account.\n• Non-commission revenues are ramping up quickly. Interest income will keep growing as more consolidated account (CA) account users will adopt self-funded financing services provided by TIGR. Their analysis suggests that the net interest spread of the financing services for CA account users was much higher than the rate of financing service for fully disclosed (FD) account users. In addition, the business development in investment banking and wealth management services are expected to contribute meaningful revenues.\n• International expansion creates a new story. TIGR has ramped up its global expansion from 3Q20, mainly targeting Singapore and US markets. Singapore has more than 1 mln addressable individual investors, about half of the market size in HK. The US market has nearly 100 mln retail investors, with total assets of approximately $50 trillion. Although facing challenges in terms of culture, regulatory environment and competition, 86Research is positive that TIGR will capture more growth in its two promising markets.\n• TIGR’s stock price has been volatile. 86Research recommends investors buy on the dip. Recent stock market volatility will impact its financial performance but won‘t change the long-term growth story, in their view. The company continues to gain market share in retail brokerage services and develop non-commission businesses, such as margin financing, wealth management, order flows, etc.86Research is confident such growth can offset the cyclical impact from a long-term perspective.\n• HK license is a near-term catalyst. TIGR is expected to get a brokerage license in HK as soon as this year, which will enable it to run market campaigns and acquire users in the region. As a registered brokerage firm, TIGR can also build connections with banks to provide IPO subscriptions and financing services in Hong Kong and support the development of margin financing business.","news_type":1,"symbols_score_info":{"TIGR":0.9}},"isVote":1,"tweetType":1,"viewCount":1904,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":889786307,"gmtCreate":1631179186009,"gmtModify":1632884128638,"author":{"id":"3578687695808422","authorId":"3578687695808422","name":"EUGENE8889","avatar":"https://static.tigerbbs.com/c24794060720d1132e361ed84bf507c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578687695808422","idStr":"3578687695808422"},"themes":[],"htmlText":"Why tiger price keep dropping?&nbsp;","listText":"Why tiger price keep dropping?&nbsp;","text":"Why tiger price keep dropping?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/889786307","repostId":"1155996171","repostType":2,"isVote":1,"tweetType":1,"viewCount":830,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":819587001,"gmtCreate":1630077630603,"gmtModify":1704955689420,"author":{"id":"3578687695808422","authorId":"3578687695808422","name":"EUGENE8889","avatar":"https://static.tigerbbs.com/c24794060720d1132e361ed84bf507c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578687695808422","idStr":"3578687695808422"},"themes":[],"htmlText":"Tiger shares&nbsp;take so long to rise. When it can back the&nbsp;price of&nbsp;$30? Don't let me wait too long","listText":"Tiger shares&nbsp;take so long to rise. When it can back the&nbsp;price of&nbsp;$30? Don't let me wait too long","text":"Tiger shares take so long to rise. When it can back the price of $30? Don't let me wait too long","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/819587001","repostId":"1155996171","repostType":2,"isVote":1,"tweetType":1,"viewCount":2154,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":894602336,"gmtCreate":1628819536925,"gmtModify":1633689221137,"author":{"id":"3578687695808422","authorId":"3578687695808422","name":"EUGENE8889","avatar":"https://static.tigerbbs.com/c24794060720d1132e361ed84bf507c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578687695808422","idStr":"3578687695808422"},"themes":[],"htmlText":"Like me pls.&nbsp;[得意]&nbsp;","listText":"Like me pls.&nbsp;[得意]&nbsp;","text":"Like me pls. [得意]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/894602336","repostId":"1188620903","repostType":4,"isVote":1,"tweetType":1,"viewCount":1521,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":892421282,"gmtCreate":1628685353546,"gmtModify":1631883992863,"author":{"id":"3578687695808422","authorId":"3578687695808422","name":"EUGENE8889","avatar":"https://static.tigerbbs.com/c24794060720d1132e361ed84bf507c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578687695808422","idStr":"3578687695808422"},"themes":[],"htmlText":"Hope Tiger share will be getting better soon&nbsp;","listText":"Hope Tiger share will be getting better soon&nbsp;","text":"Hope Tiger share will be getting better soon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/892421282","repostId":"1129501512","repostType":2,"repost":{"id":"1129501512","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":1624445859,"share":"https://www.laohu8.com/m/news/1129501512?lang=zh_CN&edition=full","pubTime":"2021-06-23 18:57","market":"us","language":"en","title":"Most of Chinese stocks rose in premarket trading<blockquote>大多数中国股市在盘前交易中上涨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1129501512","media":"Tiger Newspress","summary":"(June 23)&nbsp;Most&nbsp;of&nbsp;Chinese&nbsp;stocks&nbsp;rose&nbsp;in&nbsp;premarket&nbsp;trading.","content":"<p>(June 23)&nbsp;Most&nbsp;of&nbsp;Chinese&nbsp;stocks&nbsp;rose&nbsp;in&nbsp;premarket&nbsp;trading.<img src=\"https://static.tigerbbs.com/2a04e4e2ba7a7f17339ad05fbc516ad4\" tg-width=\"284\" tg-height=\"403\"></p><p><blockquote>（6月23日）中概股盘前交易多数上涨。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Most of Chinese stocks rose in premarket trading<blockquote>大多数中国股市在盘前交易中上涨</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMost of Chinese stocks rose in premarket trading<blockquote>大多数中国股市在盘前交易中上涨</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-06-23 18:57</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(June 23)&nbsp;Most&nbsp;of&nbsp;Chinese&nbsp;stocks&nbsp;rose&nbsp;in&nbsp;premarket&nbsp;trading.<img src=\"https://static.tigerbbs.com/2a04e4e2ba7a7f17339ad05fbc516ad4\" tg-width=\"284\" tg-height=\"403\"></p><p><blockquote>（6月23日）中概股盘前交易多数上涨。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","JD":"京东","TIGR":"老虎证券","BIDU":"百度","PDD":"拼多多","BILI":"哔哩哔哩"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129501512","content_text":"(June 23) Most of Chinese stocks rose in premarket trading.","news_type":1,"symbols_score_info":{"PDD":0.9,"JD":0.9,"BIDU":0.9,"BABA":0.9,"TIGR":0.9,"BILI":0.9}},"isVote":1,"tweetType":1,"viewCount":2265,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":898698550,"gmtCreate":1628490142570,"gmtModify":1633746726398,"author":{"id":"3578687695808422","authorId":"3578687695808422","name":"EUGENE8889","avatar":"https://static.tigerbbs.com/c24794060720d1132e361ed84bf507c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578687695808422","idStr":"3578687695808422"},"themes":[],"htmlText":"What a shame!&nbsp;","listText":"What a shame!&nbsp;","text":"What a shame!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/898698550","repostId":"1136322726","repostType":4,"isVote":1,"tweetType":1,"viewCount":2551,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807104939,"gmtCreate":1628003724621,"gmtModify":1633754454340,"author":{"id":"3578687695808422","authorId":"3578687695808422","name":"EUGENE8889","avatar":"https://static.tigerbbs.com/c24794060720d1132e361ed84bf507c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578687695808422","idStr":"3578687695808422"},"themes":[],"htmlText":"Seems like the market will be more challenging today. Kamateh!&nbsp;","listText":"Seems like the market will be more challenging today. Kamateh!&nbsp;","text":"Seems like the market will be more challenging today. Kamateh!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/807104939","repostId":"1159279938","repostType":4,"isVote":1,"tweetType":1,"viewCount":2736,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":806206211,"gmtCreate":1627655944533,"gmtModify":1633757360023,"author":{"id":"3578687695808422","authorId":"3578687695808422","name":"EUGENE8889","avatar":"https://static.tigerbbs.com/c24794060720d1132e361ed84bf507c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578687695808422","idStr":"3578687695808422"},"themes":[],"htmlText":"Pls like me","listText":"Pls like me","text":"Pls like me","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/806206211","repostId":"1169140433","repostType":4,"isVote":1,"tweetType":1,"viewCount":2145,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":142630471,"gmtCreate":1626144744693,"gmtModify":1633929670634,"author":{"id":"3578687695808422","authorId":"3578687695808422","name":"EUGENE8889","avatar":"https://static.tigerbbs.com/c24794060720d1132e361ed84bf507c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578687695808422","idStr":"3578687695808422"},"themes":[],"htmlText":"Share go higher then can retired earlier","listText":"Share go higher then can retired earlier","text":"Share go higher then can retired earlier","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/142630471","repostId":"2150303074","repostType":2,"repost":{"id":"2150303074","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"T-Reuters","id":"1086160438","head_image":"https://static.tigerbbs.com/a113a995fbbc262262d15a5ce37e7bc5"},"pubTimestamp":1625863787,"share":"https://www.laohu8.com/m/news/2150303074?lang=zh_CN&edition=full","pubTime":"2021-07-10 04:49","market":"us","language":"en","title":"Pfizer Inc - John D. Young, Group President, Chief Business Officer, Has Announced His Decision To Retire From Co In Early 2022<blockquote>辉瑞公司-集团总裁兼首席商务官John D.Young宣布决定于2022年初从Co退休</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2150303074","media":"T-Reuters","summary":"Pfizer Inc :Pfizer Inc - John D. Young, Group President, Chief Business Officer, Has Announced His D","content":"<p><html><body>Pfizer Inc <pfe.n>:Pfizer Inc - John D. Young, Group President, Chief Business Officer, Has Announced His Decision To Retire From Co In Early 2022.</pfe.n></p><p><blockquote><html><body>辉瑞公司<pfe.n>：辉瑞公司-集团总裁兼首席商务官John D.Young宣布决定于2022年初从Co退休。</pfe.n></body></html></blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pfizer Inc - John D. Young, Group President, Chief Business Officer, Has Announced His Decision To Retire From Co In Early 2022<blockquote>辉瑞公司-集团总裁兼首席商务官John D.Young宣布决定于2022年初从Co退休</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPfizer Inc - John D. Young, Group President, Chief Business Officer, Has Announced His Decision To Retire From Co In Early 2022<blockquote>辉瑞公司-集团总裁兼首席商务官John D.Young宣布决定于2022年初从Co退休</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086160438\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a113a995fbbc262262d15a5ce37e7bc5);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">T-Reuters </p>\n<p class=\"h-time smaller\">2021-07-10 04:49</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><body>Pfizer Inc <pfe.n>:Pfizer Inc - John D. Young, Group President, Chief Business Officer, Has Announced His Decision To Retire From Co In Early 2022.</pfe.n></p><p><blockquote><html><body>辉瑞公司<pfe.n>：辉瑞公司-集团总裁兼首席商务官John D.Young宣布决定于2022年初从Co退休。</pfe.n></body></html></blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SANA":"Sana Biotechnology, Inc.","LABP":"Landos Biopharma, Inc.","CGEM":"Cullinan Therapeutics","PFE":"辉瑞","LHDX":"Lucira Health, Inc."},"source_url":"https://www.trkd.thomsonreuters.com","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2150303074","content_text":"Pfizer Inc :Pfizer Inc - John D. 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Thanks&nbsp;","text":"Newbie here. Please like and share. Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/356033288","repostId":"2122421724","repostType":4,"isVote":1,"tweetType":1,"viewCount":323,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":325394082,"gmtCreate":1615862627146,"gmtModify":1703494137168,"author":{"id":"3578687695808422","authorId":"3578687695808422","name":"EUGENE8889","avatar":"https://static.tigerbbs.com/c24794060720d1132e361ed84bf507c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578687695808422","idStr":"3578687695808422"},"themes":[],"htmlText":"我也想知道为什么A股还反弹啊！","listText":"我也想知道为什么A股还反弹啊！","text":"我也想知道为什么A股还反弹啊！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/325394082","repostId":"1107691130","repostType":4,"isVote":1,"tweetType":1,"viewCount":1028,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":325392798,"gmtCreate":1615862504014,"gmtModify":1703494135977,"author":{"id":"3578687695808422","authorId":"3578687695808422","name":"EUGENE8889","avatar":"https://static.tigerbbs.com/c24794060720d1132e361ed84bf507c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578687695808422","idStr":"3578687695808422"},"themes":[],"htmlText":"😁😁😁","listText":"😁😁😁","text":"😁😁😁","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/325392798","repostId":"1142457216","repostType":4,"isVote":1,"tweetType":1,"viewCount":319,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":325390237,"gmtCreate":1615862048629,"gmtModify":1703494127278,"author":{"id":"3578687695808422","authorId":"3578687695808422","name":"EUGENE8889","avatar":"https://static.tigerbbs.com/c24794060720d1132e361ed84bf507c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578687695808422","idStr":"3578687695808422"},"themes":[],"htmlText":"👏👏👏","listText":"👏👏👏","text":"👏👏👏","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/325390237","repostId":"1142457216","repostType":4,"repost":{"id":"1142457216","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1615819876,"share":"https://www.laohu8.com/m/news/1142457216?lang=zh_CN&edition=full","pubTime":"2021-03-15 22:51","market":"us","language":"zh","title":"美股区块链板块盘中拉升","url":"https://stock-news.laohu8.com/highlight/detail?id=1142457216","media":"老虎资讯综合","summary":"3月15日，美股区块链板块盘中拉升，SOS涨23%，亿邦国际涨15%，Marathon Patent涨8%，Bit Digital、Riot Blockchain涨5.5%。","content":"<p>3月15日，美股区块链板块盘中拉升，SOS涨23%，<a href=\"https://laohu8.com/S/EBON\">亿邦国际</a>涨15%，Marathon Patent涨8%，Bit Digital、Riot Blockchain涨5.5%。</p>\n<p><img src=\"https://static.tigerbbs.com/823a756756d2d1fcf88d38b09bf02eb3\" tg-width=\"478\" tg-height=\"667\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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[得意]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/894602336","repostId":"1188620903","repostType":4,"isVote":1,"tweetType":1,"viewCount":1521,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":140295460,"gmtCreate":1625659813750,"gmtModify":1631884322440,"author":{"id":"3578687695808422","authorId":"3578687695808422","name":"EUGENE8889","avatar":"https://static.tigerbbs.com/c24794060720d1132e361ed84bf507c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578687695808422","authorIdStr":"3578687695808422"},"themes":[],"htmlText":"Hope market will be good today.&nbsp;","listText":"Hope market will be good today.&nbsp;","text":"Hope market will be good today.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/140295460","repostId":"1194568539","repostType":4,"isVote":1,"tweetType":1,"viewCount":482,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":825894239,"gmtCreate":1634215394439,"gmtModify":1634215394439,"author":{"id":"3578687695808422","authorId":"3578687695808422","name":"EUGENE8889","avatar":"https://static.tigerbbs.com/c24794060720d1132e361ed84bf507c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578687695808422","authorIdStr":"3578687695808422"},"themes":[],"htmlText":"Tiger, are you sleeping? When wake up?&nbsp;","listText":"Tiger, are you sleeping? When wake up?&nbsp;","text":"Tiger, are you sleeping? When wake up?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/825894239","repostId":"1169529009","repostType":2,"repost":{"id":"1169529009","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":1632904196,"share":"https://www.laohu8.com/m/news/1169529009?lang=zh_CN&edition=full","pubTime":"2021-09-29 16:29","market":"us","language":"en","title":"86Research initiates coverage on TIGR with a BUY rating<blockquote>86Research首次对TIGR给予买入评级</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1169529009","media":"Tiger Newspress","summary":"• 86Research initiates coverage on TIGR with a BUY rating. Growing demand for cross-border stock inv","content":"<p>• 86Research initiates coverage on TIGR with a BUY rating. Growing demand for cross-border stock investment in China and rising internet-based retail brokerage services globally&nbsp;together support strong industry fundamentals. TIGR, an early mover in the internet brokerage sector, significantly outperforms traditional brokers by providing better services for retail investors. Their&nbsp;price target of US$21 per ADS implies 83%&nbsp;upside&nbsp;potential&nbsp;from&nbsp;the&nbsp;latest&nbsp;market&nbsp;close&nbsp;price,&nbsp;despite&nbsp;possible&nbsp;sector-widevolatilityinChineseADRs.</p><p><blockquote>•86Research首次对TIGR给予买入评级。中国日益增长的跨境股票投资需求和全球范围内基于互联网的零售经纪服务的兴起共同支撑了强劲的行业基本面。TIGR是互联网券商领域的先行者，通过为散户投资者提供更好的服务，表现明显优于传统券商。尽管中国ADR可能出现全行业波动，但他们的目标价为每股ADR 21美元，这意味着较最新市场收盘价有83%的上涨潜力。</blockquote></p><p> •&nbsp;86Research forecasts TIGR’s net revenues will reach US&nbsp;$668 mln in 2024, giving it a 4-yr CAGR of 51%. According to their projection, the number of customers with deposits on TIGR will reach 1.7 mln by the end of 2024. The total AUM and financing balance will exceed US$103 bln and US$5.5 bln, respectively. Trading volumes on TIGR are forecast to reach US$1,338 bln in 2024. 86Research expects the commission rate will remain largely flat. More derivatives trades will partially offset the negative impact from price competition. 86Research thinks the blended interest rate will&nbsp;decline&nbsp;due&nbsp;to&nbsp;the&nbsp;mix&nbsp;change&nbsp;of&nbsp;financing&nbsp;activities&nbsp;on&nbsp;the&nbsp;platform.</p><p><blockquote>•86 Research预测TIGR的净收入将在2024年达到6.68亿美元，4年复合年增长率为51%。根据他们的预测，到2024年底，TIGR存款客户数量将达到170万。总AUM和融资余额将分别超过1030亿美元和55亿美元。预计2024年TIGR的交易量将达到13,380亿美元。86研究预计佣金率将基本保持不变。更多的衍生品交易将部分抵消价格竞争的负面影响。86Research认为，由于平台融资活动的组合变化，混合利率将会下降。</blockquote></p><p> • 86Research&nbsp;derives&nbsp;their&nbsp;US$21&nbsp;price&nbsp;target&nbsp;based&nbsp;on&nbsp;a&nbsp;20x&nbsp;2024E&nbsp;P/E&nbsp;multiple&nbsp;and&nbsp;13%&nbsp;2-yr&nbsp;discount&nbsp;rate.&nbsp;The&nbsp;PT&nbsp;implies&nbsp;13.8x/11.7x/8.4x&nbsp;2021E/2022E/2023E&nbsp;forward&nbsp;P/B&nbsp;multiples,&nbsp;reflecting&nbsp;a&nbsp;premium&nbsp;to&nbsp;global&nbsp;peers.&nbsp;HK&nbsp;license&nbsp;approval,&nbsp;progress&nbsp;in&nbsp;international&nbsp;expansion and US self-clearing are the key catalysts in the near term, while regulatory and macro uncertainties are the main investment risks. 86Research recommends investors buy the stock on recent pullbacks which have resulted from weak market sentiment. 86’s View on TIGR: BUY; PT$21/ADS; A Rising China-Based Internet Brokerage Platform; Global Expansion To Drive Long-term Growth; Recent pullbacks create a buying opportunity.</p><p><blockquote>•86 Research基于20 x 2024年市盈率和13%的2年贴现率得出21美元的目标价。PT意味着13.8 x/11.7 x/8.4 x 2021年/2022年/2023年E远期市净率倍数，反映出相对于全球同行的溢价。香港牌照批准、国际扩张进展和美国自我清算是近期的关键催化剂，而监管和宏观不确定性是主要的投资风险。86Research建议投资者在近期市场情绪疲软导致的回调中买入该股。86对TIGR的看法：买入；PT$21/ADS；一家正在崛起的中国互联网经纪平台；全球扩张以推动长期增长；最近的回调创造了买入机会。</blockquote></p><p> • 86Research is bullish on TIGR’s capability to continue to gain market share from traditional brokers. The strategic focus and operating efficiency of Internet companies give advantages to TIGR, such as lower pricing and better user experience in retail brokerage services. Moreover, TIGR provides more variety than most traditional brokers, enabling retail investors to trade securities in several markets in one app&nbsp;and&nbsp;one&nbsp;account.</p><p><blockquote>•86Research看好TIGR继续从传统经纪商那里获得市场份额的能力。互联网公司的战略重点和运营效率赋予了TIGR优势，例如在零售经纪服务方面更低的定价和更好的用户体验。此外，TIGR提供了比大多数传统经纪商更多的多样性，使散户投资者能够在一个应用程序和一个账户中交易多个市场的证券。</blockquote></p><p> • Non-commission revenues are ramping up quickly. Interest income will keep growing as more consolidated account (CA) account users will adopt self-funded financing services provided by TIGR. Their analysis suggests that the net interest spread of the financing services for CA account users was much higher than the rate of financing service for fully disclosed (FD) account users. In addition, the business&nbsp;development&nbsp;in&nbsp;investment&nbsp;banking&nbsp;and&nbsp;wealth&nbsp;management&nbsp;services&nbsp;are&nbsp;expected&nbsp;to&nbsp;contribute&nbsp;meaningful&nbsp;revenues.</p><p><blockquote>•非佣金收入快速增长。随着更多合并账户（CA）账户用户将采用TIGR提供的自筹资金融资服务，利息收入将持续增长。他们的分析表明，CA账户用户融资服务的净息差远高于完全披露（FD）账户用户融资服务的净息差。此外，投资银行及财富管理服务的业务发展预计将贡献可观的收入。</blockquote></p><p> • International expansion creates a new story. TIGR has ramped up its global expansion from 3Q20, mainly targeting Singapore and US markets. Singapore has more than 1 mln addressable individual investors, about half of the market size in HK. The US market has nearly 100 mln retail investors, with total assets of approximately $50 trillion.&nbsp;Although&nbsp;facing&nbsp;challenges&nbsp;in&nbsp;terms&nbsp;of&nbsp;culture,&nbsp;regulatory&nbsp;environment&nbsp;and&nbsp;competition,&nbsp;86Research&nbsp;is&nbsp;positive&nbsp;that&nbsp;TIGR&nbsp;will&nbsp;capture&nbsp;more&nbsp;growth&nbsp;in&nbsp;its&nbsp;two&nbsp;promising&nbsp;markets.</p><p><blockquote>•国际扩张创造新故事。TIGR加大了从2020年第三季度的全球扩张力度，主要瞄准新加坡和美国市场。新加坡拥有超过100万潜在个人投资者，约为香港市场规模的一半。美国市场拥有近1亿散户投资者，总资产约50万亿美元。尽管面临文化、监管环境和竞争方面的挑战，86 Research乐观地认为TIGR将在其两个有前景的市场中获得更多增长。</blockquote></p><p> • TIGR’s stock price has been volatile. 86Research recommends investors buy on the dip. Recent stock market volatility will impact its financial performance but won‘t change the long-term growth story, in their view. The company continues to gain market share in retail brokerage services and develop non-commission businesses, such as margin financing, wealth management, order flows, etc.86Research&nbsp;is confident such growth&nbsp;can&nbsp;offset&nbsp;the&nbsp;cyclical&nbsp;impact&nbsp;from&nbsp;a&nbsp;long-term&nbsp;perspective.</p><p><blockquote>•TIGR的股价一直波动。86Research建议投资者逢低买入。他们认为，最近的股市波动将影响其财务业绩，但不会改变长期增长故事。该公司继续获得零售经纪服务的市场份额，并发展非佣金业务，如保证金融资、财富管理、订单流等。86 Research有信心从长期角度来看，这种增长可以抵消周期性影响。</blockquote></p><p> • HK license is a near-term catalyst. TIGR is expected to get a brokerage license in HK as soon as this year, which will enable it to run market campaigns and acquire users in the region. As a registered brokerage firm, TIGR&nbsp;can&nbsp;also&nbsp;build&nbsp;connections&nbsp;with&nbsp;banks to&nbsp;provide&nbsp;IPO&nbsp;subscriptions&nbsp;and&nbsp;financing&nbsp;services&nbsp;in&nbsp;Hong&nbsp;Kong&nbsp;and&nbsp;support&nbsp;the&nbsp;development&nbsp;of&nbsp;margin&nbsp;financing&nbsp;business.</p><p><blockquote>•香港牌照是近期的催化剂。TIGR预计最快将于今年在香港获得经纪牌照，这将使其能够在该地区开展市场活动并获取用户。作为注册券商，TIGR还可以与银行建立联系，在香港提供IPO认购和融资服务，并支持融资业务的发展。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>86Research initiates coverage on TIGR with a BUY rating<blockquote>86Research首次对TIGR给予买入评级</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n86Research initiates coverage on TIGR with a BUY rating<blockquote>86Research首次对TIGR给予买入评级</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-09-29 16:29</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>• 86Research initiates coverage on TIGR with a BUY rating. Growing demand for cross-border stock investment in China and rising internet-based retail brokerage services globally&nbsp;together support strong industry fundamentals. TIGR, an early mover in the internet brokerage sector, significantly outperforms traditional brokers by providing better services for retail investors. Their&nbsp;price target of US$21 per ADS implies 83%&nbsp;upside&nbsp;potential&nbsp;from&nbsp;the&nbsp;latest&nbsp;market&nbsp;close&nbsp;price,&nbsp;despite&nbsp;possible&nbsp;sector-widevolatilityinChineseADRs.</p><p><blockquote>•86Research首次对TIGR给予买入评级。中国日益增长的跨境股票投资需求和全球范围内基于互联网的零售经纪服务的兴起共同支撑了强劲的行业基本面。TIGR是互联网券商领域的先行者，通过为散户投资者提供更好的服务，表现明显优于传统券商。尽管中国ADR可能出现全行业波动，但他们的目标价为每股ADR 21美元，这意味着较最新市场收盘价有83%的上涨潜力。</blockquote></p><p> •&nbsp;86Research forecasts TIGR’s net revenues will reach US&nbsp;$668 mln in 2024, giving it a 4-yr CAGR of 51%. According to their projection, the number of customers with deposits on TIGR will reach 1.7 mln by the end of 2024. The total AUM and financing balance will exceed US$103 bln and US$5.5 bln, respectively. Trading volumes on TIGR are forecast to reach US$1,338 bln in 2024. 86Research expects the commission rate will remain largely flat. More derivatives trades will partially offset the negative impact from price competition. 86Research thinks the blended interest rate will&nbsp;decline&nbsp;due&nbsp;to&nbsp;the&nbsp;mix&nbsp;change&nbsp;of&nbsp;financing&nbsp;activities&nbsp;on&nbsp;the&nbsp;platform.</p><p><blockquote>•86 Research预测TIGR的净收入将在2024年达到6.68亿美元，4年复合年增长率为51%。根据他们的预测，到2024年底，TIGR存款客户数量将达到170万。总AUM和融资余额将分别超过1030亿美元和55亿美元。预计2024年TIGR的交易量将达到13,380亿美元。86研究预计佣金率将基本保持不变。更多的衍生品交易将部分抵消价格竞争的负面影响。86Research认为，由于平台融资活动的组合变化，混合利率将会下降。</blockquote></p><p> • 86Research&nbsp;derives&nbsp;their&nbsp;US$21&nbsp;price&nbsp;target&nbsp;based&nbsp;on&nbsp;a&nbsp;20x&nbsp;2024E&nbsp;P/E&nbsp;multiple&nbsp;and&nbsp;13%&nbsp;2-yr&nbsp;discount&nbsp;rate.&nbsp;The&nbsp;PT&nbsp;implies&nbsp;13.8x/11.7x/8.4x&nbsp;2021E/2022E/2023E&nbsp;forward&nbsp;P/B&nbsp;multiples,&nbsp;reflecting&nbsp;a&nbsp;premium&nbsp;to&nbsp;global&nbsp;peers.&nbsp;HK&nbsp;license&nbsp;approval,&nbsp;progress&nbsp;in&nbsp;international&nbsp;expansion and US self-clearing are the key catalysts in the near term, while regulatory and macro uncertainties are the main investment risks. 86Research recommends investors buy the stock on recent pullbacks which have resulted from weak market sentiment. 86’s View on TIGR: BUY; PT$21/ADS; A Rising China-Based Internet Brokerage Platform; Global Expansion To Drive Long-term Growth; Recent pullbacks create a buying opportunity.</p><p><blockquote>•86 Research基于20 x 2024年市盈率和13%的2年贴现率得出21美元的目标价。PT意味着13.8 x/11.7 x/8.4 x 2021年/2022年/2023年E远期市净率倍数，反映出相对于全球同行的溢价。香港牌照批准、国际扩张进展和美国自我清算是近期的关键催化剂，而监管和宏观不确定性是主要的投资风险。86Research建议投资者在近期市场情绪疲软导致的回调中买入该股。86对TIGR的看法：买入；PT$21/ADS；一家正在崛起的中国互联网经纪平台；全球扩张以推动长期增长；最近的回调创造了买入机会。</blockquote></p><p> • 86Research is bullish on TIGR’s capability to continue to gain market share from traditional brokers. The strategic focus and operating efficiency of Internet companies give advantages to TIGR, such as lower pricing and better user experience in retail brokerage services. Moreover, TIGR provides more variety than most traditional brokers, enabling retail investors to trade securities in several markets in one app&nbsp;and&nbsp;one&nbsp;account.</p><p><blockquote>•86Research看好TIGR继续从传统经纪商那里获得市场份额的能力。互联网公司的战略重点和运营效率赋予了TIGR优势，例如在零售经纪服务方面更低的定价和更好的用户体验。此外，TIGR提供了比大多数传统经纪商更多的多样性，使散户投资者能够在一个应用程序和一个账户中交易多个市场的证券。</blockquote></p><p> • Non-commission revenues are ramping up quickly. Interest income will keep growing as more consolidated account (CA) account users will adopt self-funded financing services provided by TIGR. Their analysis suggests that the net interest spread of the financing services for CA account users was much higher than the rate of financing service for fully disclosed (FD) account users. In addition, the business&nbsp;development&nbsp;in&nbsp;investment&nbsp;banking&nbsp;and&nbsp;wealth&nbsp;management&nbsp;services&nbsp;are&nbsp;expected&nbsp;to&nbsp;contribute&nbsp;meaningful&nbsp;revenues.</p><p><blockquote>•非佣金收入快速增长。随着更多合并账户（CA）账户用户将采用TIGR提供的自筹资金融资服务，利息收入将持续增长。他们的分析表明，CA账户用户融资服务的净息差远高于完全披露（FD）账户用户融资服务的净息差。此外，投资银行及财富管理服务的业务发展预计将贡献可观的收入。</blockquote></p><p> • International expansion creates a new story. TIGR has ramped up its global expansion from 3Q20, mainly targeting Singapore and US markets. Singapore has more than 1 mln addressable individual investors, about half of the market size in HK. The US market has nearly 100 mln retail investors, with total assets of approximately $50 trillion.&nbsp;Although&nbsp;facing&nbsp;challenges&nbsp;in&nbsp;terms&nbsp;of&nbsp;culture,&nbsp;regulatory&nbsp;environment&nbsp;and&nbsp;competition,&nbsp;86Research&nbsp;is&nbsp;positive&nbsp;that&nbsp;TIGR&nbsp;will&nbsp;capture&nbsp;more&nbsp;growth&nbsp;in&nbsp;its&nbsp;two&nbsp;promising&nbsp;markets.</p><p><blockquote>•国际扩张创造新故事。TIGR加大了从2020年第三季度的全球扩张力度，主要瞄准新加坡和美国市场。新加坡拥有超过100万潜在个人投资者，约为香港市场规模的一半。美国市场拥有近1亿散户投资者，总资产约50万亿美元。尽管面临文化、监管环境和竞争方面的挑战，86 Research乐观地认为TIGR将在其两个有前景的市场中获得更多增长。</blockquote></p><p> • TIGR’s stock price has been volatile. 86Research recommends investors buy on the dip. Recent stock market volatility will impact its financial performance but won‘t change the long-term growth story, in their view. The company continues to gain market share in retail brokerage services and develop non-commission businesses, such as margin financing, wealth management, order flows, etc.86Research&nbsp;is confident such growth&nbsp;can&nbsp;offset&nbsp;the&nbsp;cyclical&nbsp;impact&nbsp;from&nbsp;a&nbsp;long-term&nbsp;perspective.</p><p><blockquote>•TIGR的股价一直波动。86Research建议投资者逢低买入。他们认为，最近的股市波动将影响其财务业绩，但不会改变长期增长故事。该公司继续获得零售经纪服务的市场份额，并发展非佣金业务，如保证金融资、财富管理、订单流等。86 Research有信心从长期角度来看，这种增长可以抵消周期性影响。</blockquote></p><p> • HK license is a near-term catalyst. TIGR is expected to get a brokerage license in HK as soon as this year, which will enable it to run market campaigns and acquire users in the region. As a registered brokerage firm, TIGR&nbsp;can&nbsp;also&nbsp;build&nbsp;connections&nbsp;with&nbsp;banks to&nbsp;provide&nbsp;IPO&nbsp;subscriptions&nbsp;and&nbsp;financing&nbsp;services&nbsp;in&nbsp;Hong&nbsp;Kong&nbsp;and&nbsp;support&nbsp;the&nbsp;development&nbsp;of&nbsp;margin&nbsp;financing&nbsp;business.</p><p><blockquote>•香港牌照是近期的催化剂。TIGR预计最快将于今年在香港获得经纪牌照，这将使其能够在该地区开展市场活动并获取用户。作为注册券商，TIGR还可以与银行建立联系，在香港提供IPO认购和融资服务，并支持融资业务的发展。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169529009","content_text":"• 86Research initiates coverage on TIGR with a BUY rating. Growing demand for cross-border stock investment in China and rising internet-based retail brokerage services globally together support strong industry fundamentals. TIGR, an early mover in the internet brokerage sector, significantly outperforms traditional brokers by providing better services for retail investors. Their price target of US$21 per ADS implies 83% upside potential from the latest market close price, despite possible sector-widevolatilityinChineseADRs.\n• 86Research forecasts TIGR’s net revenues will reach US $668 mln in 2024, giving it a 4-yr CAGR of 51%. According to their projection, the number of customers with deposits on TIGR will reach 1.7 mln by the end of 2024. The total AUM and financing balance will exceed US$103 bln and US$5.5 bln, respectively. Trading volumes on TIGR are forecast to reach US$1,338 bln in 2024. 86Research expects the commission rate will remain largely flat. More derivatives trades will partially offset the negative impact from price competition. 86Research thinks the blended interest rate will decline due to the mix change of financing activities on the platform.\n• 86Research derives their US$21 price target based on a 20x 2024E P/E multiple and 13% 2-yr discount rate. The PT implies 13.8x/11.7x/8.4x 2021E/2022E/2023E forward P/B multiples, reflecting a premium to global peers. HK license approval, progress in international expansion and US self-clearing are the key catalysts in the near term, while regulatory and macro uncertainties are the main investment risks. 86Research recommends investors buy the stock on recent pullbacks which have resulted from weak market sentiment. 86’s View on TIGR: BUY; PT$21/ADS; A Rising China-Based Internet Brokerage Platform; Global Expansion To Drive Long-term Growth; Recent pullbacks create a buying opportunity.\n• 86Research is bullish on TIGR’s capability to continue to gain market share from traditional brokers. The strategic focus and operating efficiency of Internet companies give advantages to TIGR, such as lower pricing and better user experience in retail brokerage services. Moreover, TIGR provides more variety than most traditional brokers, enabling retail investors to trade securities in several markets in one app and one account.\n• Non-commission revenues are ramping up quickly. Interest income will keep growing as more consolidated account (CA) account users will adopt self-funded financing services provided by TIGR. Their analysis suggests that the net interest spread of the financing services for CA account users was much higher than the rate of financing service for fully disclosed (FD) account users. In addition, the business development in investment banking and wealth management services are expected to contribute meaningful revenues.\n• International expansion creates a new story. TIGR has ramped up its global expansion from 3Q20, mainly targeting Singapore and US markets. Singapore has more than 1 mln addressable individual investors, about half of the market size in HK. The US market has nearly 100 mln retail investors, with total assets of approximately $50 trillion. Although facing challenges in terms of culture, regulatory environment and competition, 86Research is positive that TIGR will capture more growth in its two promising markets.\n• TIGR’s stock price has been volatile. 86Research recommends investors buy on the dip. Recent stock market volatility will impact its financial performance but won‘t change the long-term growth story, in their view. The company continues to gain market share in retail brokerage services and develop non-commission businesses, such as margin financing, wealth management, order flows, etc.86Research is confident such growth can offset the cyclical impact from a long-term perspective.\n• HK license is a near-term catalyst. TIGR is expected to get a brokerage license in HK as soon as this year, which will enable it to run market campaigns and acquire users in the region. As a registered brokerage firm, TIGR can also build connections with banks to provide IPO subscriptions and financing services in Hong Kong and support the development of margin financing business.","news_type":1,"symbols_score_info":{"TIGR":0.9}},"isVote":1,"tweetType":1,"viewCount":1740,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":167067756,"gmtCreate":1624239973975,"gmtModify":1634009080684,"author":{"id":"3578687695808422","authorId":"3578687695808422","name":"EUGENE8889","avatar":"https://static.tigerbbs.com/c24794060720d1132e361ed84bf507c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578687695808422","authorIdStr":"3578687695808422"},"themes":[],"htmlText":"Good luck to all of you. Pls like and comment. Thank you!&nbsp;","listText":"Good luck to all of you. Pls like and comment. Thank you!&nbsp;","text":"Good luck to all of you. Pls like and comment. Thank you!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/167067756","repostId":"1154249454","repostType":4,"isVote":1,"tweetType":1,"viewCount":237,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":356033288,"gmtCreate":1616739387144,"gmtModify":1634524270276,"author":{"id":"3578687695808422","authorId":"3578687695808422","name":"EUGENE8889","avatar":"https://static.tigerbbs.com/c24794060720d1132e361ed84bf507c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578687695808422","authorIdStr":"3578687695808422"},"themes":[],"htmlText":"Newbie here. Please like and share. Thanks&nbsp;","listText":"Newbie here. Please like and share. Thanks&nbsp;","text":"Newbie here. Please like and share. Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/356033288","repostId":"2122421724","repostType":4,"isVote":1,"tweetType":1,"viewCount":323,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":819587001,"gmtCreate":1630077630603,"gmtModify":1704955689420,"author":{"id":"3578687695808422","authorId":"3578687695808422","name":"EUGENE8889","avatar":"https://static.tigerbbs.com/c24794060720d1132e361ed84bf507c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578687695808422","authorIdStr":"3578687695808422"},"themes":[],"htmlText":"Tiger shares&nbsp;take so long to rise. When it can back the&nbsp;price of&nbsp;$30? Don't let me wait too long","listText":"Tiger shares&nbsp;take so long to rise. When it can back the&nbsp;price of&nbsp;$30? Don't let me wait too long","text":"Tiger shares take so long to rise. When it can back the price of $30? Don't let me wait too long","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/819587001","repostId":"1155996171","repostType":2,"isVote":1,"tweetType":1,"viewCount":2154,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":889786307,"gmtCreate":1631179186009,"gmtModify":1632884128638,"author":{"id":"3578687695808422","authorId":"3578687695808422","name":"EUGENE8889","avatar":"https://static.tigerbbs.com/c24794060720d1132e361ed84bf507c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578687695808422","authorIdStr":"3578687695808422"},"themes":[],"htmlText":"Why tiger price keep dropping?&nbsp;","listText":"Why tiger price keep dropping?&nbsp;","text":"Why tiger price keep dropping?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/889786307","repostId":"1155996171","repostType":2,"isVote":1,"tweetType":1,"viewCount":830,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":892421282,"gmtCreate":1628685353546,"gmtModify":1631883992863,"author":{"id":"3578687695808422","authorId":"3578687695808422","name":"EUGENE8889","avatar":"https://static.tigerbbs.com/c24794060720d1132e361ed84bf507c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578687695808422","authorIdStr":"3578687695808422"},"themes":[],"htmlText":"Hope Tiger share will be getting better soon&nbsp;","listText":"Hope Tiger share will be getting better soon&nbsp;","text":"Hope Tiger share will be getting better soon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/892421282","repostId":"1129501512","repostType":2,"repost":{"id":"1129501512","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":1624445859,"share":"https://www.laohu8.com/m/news/1129501512?lang=zh_CN&edition=full","pubTime":"2021-06-23 18:57","market":"us","language":"en","title":"Most of Chinese stocks rose in premarket trading<blockquote>大多数中国股市在盘前交易中上涨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1129501512","media":"Tiger Newspress","summary":"(June 23)&nbsp;Most&nbsp;of&nbsp;Chinese&nbsp;stocks&nbsp;rose&nbsp;in&nbsp;premarket&nbsp;trading.","content":"<p>(June 23)&nbsp;Most&nbsp;of&nbsp;Chinese&nbsp;stocks&nbsp;rose&nbsp;in&nbsp;premarket&nbsp;trading.<img src=\"https://static.tigerbbs.com/2a04e4e2ba7a7f17339ad05fbc516ad4\" tg-width=\"284\" tg-height=\"403\"></p><p><blockquote>（6月23日）中概股盘前交易多数上涨。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Most of Chinese stocks rose in premarket trading<blockquote>大多数中国股市在盘前交易中上涨</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMost of Chinese stocks rose in premarket trading<blockquote>大多数中国股市在盘前交易中上涨</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-06-23 18:57</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(June 23)&nbsp;Most&nbsp;of&nbsp;Chinese&nbsp;stocks&nbsp;rose&nbsp;in&nbsp;premarket&nbsp;trading.<img src=\"https://static.tigerbbs.com/2a04e4e2ba7a7f17339ad05fbc516ad4\" tg-width=\"284\" tg-height=\"403\"></p><p><blockquote>（6月23日）中概股盘前交易多数上涨。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","JD":"京东","TIGR":"老虎证券","BIDU":"百度","PDD":"拼多多","BILI":"哔哩哔哩"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129501512","content_text":"(June 23) Most of Chinese stocks rose in premarket trading.","news_type":1,"symbols_score_info":{"PDD":0.9,"JD":0.9,"BIDU":0.9,"BABA":0.9,"TIGR":0.9,"BILI":0.9}},"isVote":1,"tweetType":1,"viewCount":2265,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807104939,"gmtCreate":1628003724621,"gmtModify":1633754454340,"author":{"id":"3578687695808422","authorId":"3578687695808422","name":"EUGENE8889","avatar":"https://static.tigerbbs.com/c24794060720d1132e361ed84bf507c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578687695808422","authorIdStr":"3578687695808422"},"themes":[],"htmlText":"Seems like the market will be more challenging today. Kamateh!&nbsp;","listText":"Seems like the market will be more challenging today. Kamateh!&nbsp;","text":"Seems like the market will be more challenging today. Kamateh!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/807104939","repostId":"1159279938","repostType":4,"isVote":1,"tweetType":1,"viewCount":2736,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":806206211,"gmtCreate":1627655944533,"gmtModify":1633757360023,"author":{"id":"3578687695808422","authorId":"3578687695808422","name":"EUGENE8889","avatar":"https://static.tigerbbs.com/c24794060720d1132e361ed84bf507c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578687695808422","authorIdStr":"3578687695808422"},"themes":[],"htmlText":"Pls like me","listText":"Pls like me","text":"Pls like me","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/806206211","repostId":"1169140433","repostType":4,"isVote":1,"tweetType":1,"viewCount":2145,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158801634,"gmtCreate":1625141625328,"gmtModify":1633944363235,"author":{"id":"3578687695808422","authorId":"3578687695808422","name":"EUGENE8889","avatar":"https://static.tigerbbs.com/c24794060720d1132e361ed84bf507c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578687695808422","authorIdStr":"3578687695808422"},"themes":[],"htmlText":"Up up up!&nbsp;","listText":"Up up up!&nbsp;","text":"Up up up!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/158801634","repostId":"2148840288","repostType":4,"isVote":1,"tweetType":1,"viewCount":492,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":820105902,"gmtCreate":1633356770048,"gmtModify":1633356770241,"author":{"id":"3578687695808422","authorId":"3578687695808422","name":"EUGENE8889","avatar":"https://static.tigerbbs.com/c24794060720d1132e361ed84bf507c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578687695808422","authorIdStr":"3578687695808422"},"themes":[],"htmlText":"What the heck of tiger doing? Price kept droping. F**ck","listText":"What the heck of tiger doing? Price kept droping. F**ck","text":"What the heck of tiger doing? Price kept droping. F**ck","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/820105902","repostId":"1169529009","repostType":2,"repost":{"id":"1169529009","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":1632904196,"share":"https://www.laohu8.com/m/news/1169529009?lang=zh_CN&edition=full","pubTime":"2021-09-29 16:29","market":"us","language":"en","title":"86Research initiates coverage on TIGR with a BUY rating<blockquote>86Research首次对TIGR给予买入评级</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1169529009","media":"Tiger Newspress","summary":"• 86Research initiates coverage on TIGR with a BUY rating. Growing demand for cross-border stock inv","content":"<p>• 86Research initiates coverage on TIGR with a BUY rating. Growing demand for cross-border stock investment in China and rising internet-based retail brokerage services globally&nbsp;together support strong industry fundamentals. TIGR, an early mover in the internet brokerage sector, significantly outperforms traditional brokers by providing better services for retail investors. Their&nbsp;price target of US$21 per ADS implies 83%&nbsp;upside&nbsp;potential&nbsp;from&nbsp;the&nbsp;latest&nbsp;market&nbsp;close&nbsp;price,&nbsp;despite&nbsp;possible&nbsp;sector-widevolatilityinChineseADRs.</p><p><blockquote>•86Research首次对TIGR给予买入评级。中国日益增长的跨境股票投资需求和全球范围内基于互联网的零售经纪服务的兴起共同支撑了强劲的行业基本面。TIGR是互联网券商领域的先行者，通过为散户投资者提供更好的服务，表现明显优于传统券商。尽管中国ADR可能出现全行业波动，但他们的目标价为每股ADR 21美元，这意味着较最新市场收盘价有83%的上涨潜力。</blockquote></p><p> •&nbsp;86Research forecasts TIGR’s net revenues will reach US&nbsp;$668 mln in 2024, giving it a 4-yr CAGR of 51%. According to their projection, the number of customers with deposits on TIGR will reach 1.7 mln by the end of 2024. The total AUM and financing balance will exceed US$103 bln and US$5.5 bln, respectively. Trading volumes on TIGR are forecast to reach US$1,338 bln in 2024. 86Research expects the commission rate will remain largely flat. More derivatives trades will partially offset the negative impact from price competition. 86Research thinks the blended interest rate will&nbsp;decline&nbsp;due&nbsp;to&nbsp;the&nbsp;mix&nbsp;change&nbsp;of&nbsp;financing&nbsp;activities&nbsp;on&nbsp;the&nbsp;platform.</p><p><blockquote>•86 Research预测TIGR的净收入将在2024年达到6.68亿美元，4年复合年增长率为51%。根据他们的预测，到2024年底，TIGR存款客户数量将达到170万。总AUM和融资余额将分别超过1030亿美元和55亿美元。预计2024年TIGR的交易量将达到13,380亿美元。86研究预计佣金率将基本保持不变。更多的衍生品交易将部分抵消价格竞争的负面影响。86Research认为，由于平台融资活动的组合变化，混合利率将会下降。</blockquote></p><p> • 86Research&nbsp;derives&nbsp;their&nbsp;US$21&nbsp;price&nbsp;target&nbsp;based&nbsp;on&nbsp;a&nbsp;20x&nbsp;2024E&nbsp;P/E&nbsp;multiple&nbsp;and&nbsp;13%&nbsp;2-yr&nbsp;discount&nbsp;rate.&nbsp;The&nbsp;PT&nbsp;implies&nbsp;13.8x/11.7x/8.4x&nbsp;2021E/2022E/2023E&nbsp;forward&nbsp;P/B&nbsp;multiples,&nbsp;reflecting&nbsp;a&nbsp;premium&nbsp;to&nbsp;global&nbsp;peers.&nbsp;HK&nbsp;license&nbsp;approval,&nbsp;progress&nbsp;in&nbsp;international&nbsp;expansion and US self-clearing are the key catalysts in the near term, while regulatory and macro uncertainties are the main investment risks. 86Research recommends investors buy the stock on recent pullbacks which have resulted from weak market sentiment. 86’s View on TIGR: BUY; PT$21/ADS; A Rising China-Based Internet Brokerage Platform; Global Expansion To Drive Long-term Growth; Recent pullbacks create a buying opportunity.</p><p><blockquote>•86 Research基于20 x 2024年市盈率和13%的2年贴现率得出21美元的目标价。PT意味着13.8 x/11.7 x/8.4 x 2021年/2022年/2023年E远期市净率倍数，反映出相对于全球同行的溢价。香港牌照批准、国际扩张进展和美国自我清算是近期的关键催化剂，而监管和宏观不确定性是主要的投资风险。86Research建议投资者在近期市场情绪疲软导致的回调中买入该股。86对TIGR的看法：买入；PT$21/ADS；一家正在崛起的中国互联网经纪平台；全球扩张以推动长期增长；最近的回调创造了买入机会。</blockquote></p><p> • 86Research is bullish on TIGR’s capability to continue to gain market share from traditional brokers. The strategic focus and operating efficiency of Internet companies give advantages to TIGR, such as lower pricing and better user experience in retail brokerage services. Moreover, TIGR provides more variety than most traditional brokers, enabling retail investors to trade securities in several markets in one app&nbsp;and&nbsp;one&nbsp;account.</p><p><blockquote>•86Research看好TIGR继续从传统经纪商那里获得市场份额的能力。互联网公司的战略重点和运营效率赋予了TIGR优势，例如在零售经纪服务方面更低的定价和更好的用户体验。此外，TIGR提供了比大多数传统经纪商更多的多样性，使散户投资者能够在一个应用程序和一个账户中交易多个市场的证券。</blockquote></p><p> • Non-commission revenues are ramping up quickly. Interest income will keep growing as more consolidated account (CA) account users will adopt self-funded financing services provided by TIGR. Their analysis suggests that the net interest spread of the financing services for CA account users was much higher than the rate of financing service for fully disclosed (FD) account users. In addition, the business&nbsp;development&nbsp;in&nbsp;investment&nbsp;banking&nbsp;and&nbsp;wealth&nbsp;management&nbsp;services&nbsp;are&nbsp;expected&nbsp;to&nbsp;contribute&nbsp;meaningful&nbsp;revenues.</p><p><blockquote>•非佣金收入快速增长。随着更多合并账户（CA）账户用户将采用TIGR提供的自筹资金融资服务，利息收入将持续增长。他们的分析表明，CA账户用户融资服务的净息差远高于完全披露（FD）账户用户融资服务的净息差。此外，投资银行及财富管理服务的业务发展预计将贡献可观的收入。</blockquote></p><p> • International expansion creates a new story. TIGR has ramped up its global expansion from 3Q20, mainly targeting Singapore and US markets. Singapore has more than 1 mln addressable individual investors, about half of the market size in HK. The US market has nearly 100 mln retail investors, with total assets of approximately $50 trillion.&nbsp;Although&nbsp;facing&nbsp;challenges&nbsp;in&nbsp;terms&nbsp;of&nbsp;culture,&nbsp;regulatory&nbsp;environment&nbsp;and&nbsp;competition,&nbsp;86Research&nbsp;is&nbsp;positive&nbsp;that&nbsp;TIGR&nbsp;will&nbsp;capture&nbsp;more&nbsp;growth&nbsp;in&nbsp;its&nbsp;two&nbsp;promising&nbsp;markets.</p><p><blockquote>•国际扩张创造新故事。TIGR加大了从2020年第三季度的全球扩张力度，主要瞄准新加坡和美国市场。新加坡拥有超过100万潜在个人投资者，约为香港市场规模的一半。美国市场拥有近1亿散户投资者，总资产约50万亿美元。尽管面临文化、监管环境和竞争方面的挑战，86 Research乐观地认为TIGR将在其两个有前景的市场中获得更多增长。</blockquote></p><p> • TIGR’s stock price has been volatile. 86Research recommends investors buy on the dip. Recent stock market volatility will impact its financial performance but won‘t change the long-term growth story, in their view. The company continues to gain market share in retail brokerage services and develop non-commission businesses, such as margin financing, wealth management, order flows, etc.86Research&nbsp;is confident such growth&nbsp;can&nbsp;offset&nbsp;the&nbsp;cyclical&nbsp;impact&nbsp;from&nbsp;a&nbsp;long-term&nbsp;perspective.</p><p><blockquote>•TIGR的股价一直波动。86Research建议投资者逢低买入。他们认为，最近的股市波动将影响其财务业绩，但不会改变长期增长故事。该公司继续获得零售经纪服务的市场份额，并发展非佣金业务，如保证金融资、财富管理、订单流等。86 Research有信心从长期角度来看，这种增长可以抵消周期性影响。</blockquote></p><p> • HK license is a near-term catalyst. TIGR is expected to get a brokerage license in HK as soon as this year, which will enable it to run market campaigns and acquire users in the region. As a registered brokerage firm, TIGR&nbsp;can&nbsp;also&nbsp;build&nbsp;connections&nbsp;with&nbsp;banks to&nbsp;provide&nbsp;IPO&nbsp;subscriptions&nbsp;and&nbsp;financing&nbsp;services&nbsp;in&nbsp;Hong&nbsp;Kong&nbsp;and&nbsp;support&nbsp;the&nbsp;development&nbsp;of&nbsp;margin&nbsp;financing&nbsp;business.</p><p><blockquote>•香港牌照是近期的催化剂。TIGR预计最快将于今年在香港获得经纪牌照，这将使其能够在该地区开展市场活动并获取用户。作为注册券商，TIGR还可以与银行建立联系，在香港提供IPO认购和融资服务，并支持融资业务的发展。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>86Research initiates coverage on TIGR with a BUY rating<blockquote>86Research首次对TIGR给予买入评级</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n86Research initiates coverage on TIGR with a BUY rating<blockquote>86Research首次对TIGR给予买入评级</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-09-29 16:29</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>• 86Research initiates coverage on TIGR with a BUY rating. Growing demand for cross-border stock investment in China and rising internet-based retail brokerage services globally&nbsp;together support strong industry fundamentals. TIGR, an early mover in the internet brokerage sector, significantly outperforms traditional brokers by providing better services for retail investors. Their&nbsp;price target of US$21 per ADS implies 83%&nbsp;upside&nbsp;potential&nbsp;from&nbsp;the&nbsp;latest&nbsp;market&nbsp;close&nbsp;price,&nbsp;despite&nbsp;possible&nbsp;sector-widevolatilityinChineseADRs.</p><p><blockquote>•86Research首次对TIGR给予买入评级。中国日益增长的跨境股票投资需求和全球范围内基于互联网的零售经纪服务的兴起共同支撑了强劲的行业基本面。TIGR是互联网券商领域的先行者，通过为散户投资者提供更好的服务，表现明显优于传统券商。尽管中国ADR可能出现全行业波动，但他们的目标价为每股ADR 21美元，这意味着较最新市场收盘价有83%的上涨潜力。</blockquote></p><p> •&nbsp;86Research forecasts TIGR’s net revenues will reach US&nbsp;$668 mln in 2024, giving it a 4-yr CAGR of 51%. According to their projection, the number of customers with deposits on TIGR will reach 1.7 mln by the end of 2024. The total AUM and financing balance will exceed US$103 bln and US$5.5 bln, respectively. Trading volumes on TIGR are forecast to reach US$1,338 bln in 2024. 86Research expects the commission rate will remain largely flat. More derivatives trades will partially offset the negative impact from price competition. 86Research thinks the blended interest rate will&nbsp;decline&nbsp;due&nbsp;to&nbsp;the&nbsp;mix&nbsp;change&nbsp;of&nbsp;financing&nbsp;activities&nbsp;on&nbsp;the&nbsp;platform.</p><p><blockquote>•86 Research预测TIGR的净收入将在2024年达到6.68亿美元，4年复合年增长率为51%。根据他们的预测，到2024年底，TIGR存款客户数量将达到170万。总AUM和融资余额将分别超过1030亿美元和55亿美元。预计2024年TIGR的交易量将达到13,380亿美元。86研究预计佣金率将基本保持不变。更多的衍生品交易将部分抵消价格竞争的负面影响。86Research认为，由于平台融资活动的组合变化，混合利率将会下降。</blockquote></p><p> • 86Research&nbsp;derives&nbsp;their&nbsp;US$21&nbsp;price&nbsp;target&nbsp;based&nbsp;on&nbsp;a&nbsp;20x&nbsp;2024E&nbsp;P/E&nbsp;multiple&nbsp;and&nbsp;13%&nbsp;2-yr&nbsp;discount&nbsp;rate.&nbsp;The&nbsp;PT&nbsp;implies&nbsp;13.8x/11.7x/8.4x&nbsp;2021E/2022E/2023E&nbsp;forward&nbsp;P/B&nbsp;multiples,&nbsp;reflecting&nbsp;a&nbsp;premium&nbsp;to&nbsp;global&nbsp;peers.&nbsp;HK&nbsp;license&nbsp;approval,&nbsp;progress&nbsp;in&nbsp;international&nbsp;expansion and US self-clearing are the key catalysts in the near term, while regulatory and macro uncertainties are the main investment risks. 86Research recommends investors buy the stock on recent pullbacks which have resulted from weak market sentiment. 86’s View on TIGR: BUY; PT$21/ADS; A Rising China-Based Internet Brokerage Platform; Global Expansion To Drive Long-term Growth; Recent pullbacks create a buying opportunity.</p><p><blockquote>•86 Research基于20 x 2024年市盈率和13%的2年贴现率得出21美元的目标价。PT意味着13.8 x/11.7 x/8.4 x 2021年/2022年/2023年E远期市净率倍数，反映出相对于全球同行的溢价。香港牌照批准、国际扩张进展和美国自我清算是近期的关键催化剂，而监管和宏观不确定性是主要的投资风险。86Research建议投资者在近期市场情绪疲软导致的回调中买入该股。86对TIGR的看法：买入；PT$21/ADS；一家正在崛起的中国互联网经纪平台；全球扩张以推动长期增长；最近的回调创造了买入机会。</blockquote></p><p> • 86Research is bullish on TIGR’s capability to continue to gain market share from traditional brokers. The strategic focus and operating efficiency of Internet companies give advantages to TIGR, such as lower pricing and better user experience in retail brokerage services. Moreover, TIGR provides more variety than most traditional brokers, enabling retail investors to trade securities in several markets in one app&nbsp;and&nbsp;one&nbsp;account.</p><p><blockquote>•86Research看好TIGR继续从传统经纪商那里获得市场份额的能力。互联网公司的战略重点和运营效率赋予了TIGR优势，例如在零售经纪服务方面更低的定价和更好的用户体验。此外，TIGR提供了比大多数传统经纪商更多的多样性，使散户投资者能够在一个应用程序和一个账户中交易多个市场的证券。</blockquote></p><p> • Non-commission revenues are ramping up quickly. Interest income will keep growing as more consolidated account (CA) account users will adopt self-funded financing services provided by TIGR. Their analysis suggests that the net interest spread of the financing services for CA account users was much higher than the rate of financing service for fully disclosed (FD) account users. In addition, the business&nbsp;development&nbsp;in&nbsp;investment&nbsp;banking&nbsp;and&nbsp;wealth&nbsp;management&nbsp;services&nbsp;are&nbsp;expected&nbsp;to&nbsp;contribute&nbsp;meaningful&nbsp;revenues.</p><p><blockquote>•非佣金收入快速增长。随着更多合并账户（CA）账户用户将采用TIGR提供的自筹资金融资服务，利息收入将持续增长。他们的分析表明，CA账户用户融资服务的净息差远高于完全披露（FD）账户用户融资服务的净息差。此外，投资银行及财富管理服务的业务发展预计将贡献可观的收入。</blockquote></p><p> • International expansion creates a new story. TIGR has ramped up its global expansion from 3Q20, mainly targeting Singapore and US markets. Singapore has more than 1 mln addressable individual investors, about half of the market size in HK. The US market has nearly 100 mln retail investors, with total assets of approximately $50 trillion.&nbsp;Although&nbsp;facing&nbsp;challenges&nbsp;in&nbsp;terms&nbsp;of&nbsp;culture,&nbsp;regulatory&nbsp;environment&nbsp;and&nbsp;competition,&nbsp;86Research&nbsp;is&nbsp;positive&nbsp;that&nbsp;TIGR&nbsp;will&nbsp;capture&nbsp;more&nbsp;growth&nbsp;in&nbsp;its&nbsp;two&nbsp;promising&nbsp;markets.</p><p><blockquote>•国际扩张创造新故事。TIGR加大了从2020年第三季度的全球扩张力度，主要瞄准新加坡和美国市场。新加坡拥有超过100万潜在个人投资者，约为香港市场规模的一半。美国市场拥有近1亿散户投资者，总资产约50万亿美元。尽管面临文化、监管环境和竞争方面的挑战，86 Research乐观地认为TIGR将在其两个有前景的市场中获得更多增长。</blockquote></p><p> • TIGR’s stock price has been volatile. 86Research recommends investors buy on the dip. Recent stock market volatility will impact its financial performance but won‘t change the long-term growth story, in their view. The company continues to gain market share in retail brokerage services and develop non-commission businesses, such as margin financing, wealth management, order flows, etc.86Research&nbsp;is confident such growth&nbsp;can&nbsp;offset&nbsp;the&nbsp;cyclical&nbsp;impact&nbsp;from&nbsp;a&nbsp;long-term&nbsp;perspective.</p><p><blockquote>•TIGR的股价一直波动。86Research建议投资者逢低买入。他们认为，最近的股市波动将影响其财务业绩，但不会改变长期增长故事。该公司继续获得零售经纪服务的市场份额，并发展非佣金业务，如保证金融资、财富管理、订单流等。86 Research有信心从长期角度来看，这种增长可以抵消周期性影响。</blockquote></p><p> • HK license is a near-term catalyst. TIGR is expected to get a brokerage license in HK as soon as this year, which will enable it to run market campaigns and acquire users in the region. As a registered brokerage firm, TIGR&nbsp;can&nbsp;also&nbsp;build&nbsp;connections&nbsp;with&nbsp;banks to&nbsp;provide&nbsp;IPO&nbsp;subscriptions&nbsp;and&nbsp;financing&nbsp;services&nbsp;in&nbsp;Hong&nbsp;Kong&nbsp;and&nbsp;support&nbsp;the&nbsp;development&nbsp;of&nbsp;margin&nbsp;financing&nbsp;business.</p><p><blockquote>•香港牌照是近期的催化剂。TIGR预计最快将于今年在香港获得经纪牌照，这将使其能够在该地区开展市场活动并获取用户。作为注册券商，TIGR还可以与银行建立联系，在香港提供IPO认购和融资服务，并支持融资业务的发展。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169529009","content_text":"• 86Research initiates coverage on TIGR with a BUY rating. Growing demand for cross-border stock investment in China and rising internet-based retail brokerage services globally together support strong industry fundamentals. TIGR, an early mover in the internet brokerage sector, significantly outperforms traditional brokers by providing better services for retail investors. Their price target of US$21 per ADS implies 83% upside potential from the latest market close price, despite possible sector-widevolatilityinChineseADRs.\n• 86Research forecasts TIGR’s net revenues will reach US $668 mln in 2024, giving it a 4-yr CAGR of 51%. According to their projection, the number of customers with deposits on TIGR will reach 1.7 mln by the end of 2024. The total AUM and financing balance will exceed US$103 bln and US$5.5 bln, respectively. Trading volumes on TIGR are forecast to reach US$1,338 bln in 2024. 86Research expects the commission rate will remain largely flat. More derivatives trades will partially offset the negative impact from price competition. 86Research thinks the blended interest rate will decline due to the mix change of financing activities on the platform.\n• 86Research derives their US$21 price target based on a 20x 2024E P/E multiple and 13% 2-yr discount rate. The PT implies 13.8x/11.7x/8.4x 2021E/2022E/2023E forward P/B multiples, reflecting a premium to global peers. HK license approval, progress in international expansion and US self-clearing are the key catalysts in the near term, while regulatory and macro uncertainties are the main investment risks. 86Research recommends investors buy the stock on recent pullbacks which have resulted from weak market sentiment. 86’s View on TIGR: BUY; PT$21/ADS; A Rising China-Based Internet Brokerage Platform; Global Expansion To Drive Long-term Growth; Recent pullbacks create a buying opportunity.\n• 86Research is bullish on TIGR’s capability to continue to gain market share from traditional brokers. The strategic focus and operating efficiency of Internet companies give advantages to TIGR, such as lower pricing and better user experience in retail brokerage services. Moreover, TIGR provides more variety than most traditional brokers, enabling retail investors to trade securities in several markets in one app and one account.\n• Non-commission revenues are ramping up quickly. Interest income will keep growing as more consolidated account (CA) account users will adopt self-funded financing services provided by TIGR. Their analysis suggests that the net interest spread of the financing services for CA account users was much higher than the rate of financing service for fully disclosed (FD) account users. In addition, the business development in investment banking and wealth management services are expected to contribute meaningful revenues.\n• International expansion creates a new story. TIGR has ramped up its global expansion from 3Q20, mainly targeting Singapore and US markets. Singapore has more than 1 mln addressable individual investors, about half of the market size in HK. The US market has nearly 100 mln retail investors, with total assets of approximately $50 trillion. Although facing challenges in terms of culture, regulatory environment and competition, 86Research is positive that TIGR will capture more growth in its two promising markets.\n• TIGR’s stock price has been volatile. 86Research recommends investors buy on the dip. Recent stock market volatility will impact its financial performance but won‘t change the long-term growth story, in their view. The company continues to gain market share in retail brokerage services and develop non-commission businesses, such as margin financing, wealth management, order flows, etc.86Research is confident such growth can offset the cyclical impact from a long-term perspective.\n• HK license is a near-term catalyst. TIGR is expected to get a brokerage license in HK as soon as this year, which will enable it to run market campaigns and acquire users in the region. As a registered brokerage firm, TIGR can also build connections with banks to provide IPO subscriptions and financing services in Hong Kong and support the development of margin financing business.","news_type":1,"symbols_score_info":{"TIGR":0.9}},"isVote":1,"tweetType":1,"viewCount":1904,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":140298537,"gmtCreate":1625659589129,"gmtModify":1631884322447,"author":{"id":"3578687695808422","authorId":"3578687695808422","name":"EUGENE8889","avatar":"https://static.tigerbbs.com/c24794060720d1132e361ed84bf507c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578687695808422","authorIdStr":"3578687695808422"},"themes":[],"htmlText":"Hope market will be good today.&nbsp;","listText":"Hope market will be good today.&nbsp;","text":"Hope market will be good today.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/140298537","repostId":"2149697283","repostType":4,"isVote":1,"tweetType":1,"viewCount":259,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":142630471,"gmtCreate":1626144744693,"gmtModify":1633929670634,"author":{"id":"3578687695808422","authorId":"3578687695808422","name":"EUGENE8889","avatar":"https://static.tigerbbs.com/c24794060720d1132e361ed84bf507c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578687695808422","authorIdStr":"3578687695808422"},"themes":[],"htmlText":"Share go higher then can retired earlier","listText":"Share go higher then can retired earlier","text":"Share go higher then can retired earlier","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/142630471","repostId":"2150303074","repostType":2,"repost":{"id":"2150303074","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"T-Reuters","id":"1086160438","head_image":"https://static.tigerbbs.com/a113a995fbbc262262d15a5ce37e7bc5"},"pubTimestamp":1625863787,"share":"https://www.laohu8.com/m/news/2150303074?lang=zh_CN&edition=full","pubTime":"2021-07-10 04:49","market":"us","language":"en","title":"Pfizer Inc - John D. Young, Group President, Chief Business Officer, Has Announced His Decision To Retire From Co In Early 2022<blockquote>辉瑞公司-集团总裁兼首席商务官John D.Young宣布决定于2022年初从Co退休</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2150303074","media":"T-Reuters","summary":"Pfizer Inc :Pfizer Inc - John D. Young, Group President, Chief Business Officer, Has Announced His D","content":"<p><html><body>Pfizer Inc <pfe.n>:Pfizer Inc - John D. Young, Group President, Chief Business Officer, Has Announced His Decision To Retire From Co In Early 2022.</pfe.n></p><p><blockquote><html><body>辉瑞公司<pfe.n>：辉瑞公司-集团总裁兼首席商务官John D.Young宣布决定于2022年初从Co退休。</pfe.n></body></html></blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pfizer Inc - John D. Young, Group President, Chief Business Officer, Has Announced His Decision To Retire From Co In Early 2022<blockquote>辉瑞公司-集团总裁兼首席商务官John D.Young宣布决定于2022年初从Co退休</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPfizer Inc - John D. Young, Group President, Chief Business Officer, Has Announced His Decision To Retire From Co In Early 2022<blockquote>辉瑞公司-集团总裁兼首席商务官John D.Young宣布决定于2022年初从Co退休</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086160438\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a113a995fbbc262262d15a5ce37e7bc5);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">T-Reuters </p>\n<p class=\"h-time smaller\">2021-07-10 04:49</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><body>Pfizer Inc <pfe.n>:Pfizer Inc - John D. Young, Group President, Chief Business Officer, Has Announced His Decision To Retire From Co In Early 2022.</pfe.n></p><p><blockquote><html><body>辉瑞公司<pfe.n>：辉瑞公司-集团总裁兼首席商务官John D.Young宣布决定于2022年初从Co退休。</pfe.n></body></html></blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SANA":"Sana Biotechnology, Inc.","LABP":"Landos Biopharma, Inc.","CGEM":"Cullinan Therapeutics","PFE":"辉瑞","LHDX":"Lucira Health, Inc."},"source_url":"https://www.trkd.thomsonreuters.com","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2150303074","content_text":"Pfizer Inc :Pfizer Inc - John D. Young, Group President, Chief Business Officer, Has Announced His Decision To Retire From Co In Early 2022.","news_type":1,"symbols_score_info":{"LHDX":1,"PFE":1,"CGEM":1,"LABP":1,"APR":1,"SANA":1}},"isVote":1,"tweetType":1,"viewCount":360,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158803408,"gmtCreate":1625141564004,"gmtModify":1633944363954,"author":{"id":"3578687695808422","authorId":"3578687695808422","name":"EUGENE8889","avatar":"https://static.tigerbbs.com/c24794060720d1132e361ed84bf507c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578687695808422","authorIdStr":"3578687695808422"},"themes":[],"htmlText":"Yeah!&nbsp;","listText":"Yeah!&nbsp;","text":"Yeah!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/158803408","repostId":"1123487269","repostType":4,"isVote":1,"tweetType":1,"viewCount":369,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":325394082,"gmtCreate":1615862627146,"gmtModify":1703494137168,"author":{"id":"3578687695808422","authorId":"3578687695808422","name":"EUGENE8889","avatar":"https://static.tigerbbs.com/c24794060720d1132e361ed84bf507c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578687695808422","authorIdStr":"3578687695808422"},"themes":[],"htmlText":"我也想知道为什么A股还反弹啊！","listText":"我也想知道为什么A股还反弹啊！","text":"我也想知道为什么A股还反弹啊！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/325394082","repostId":"1107691130","repostType":4,"isVote":1,"tweetType":1,"viewCount":1028,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":849935273,"gmtCreate":1635723206553,"gmtModify":1635723206621,"author":{"id":"3578687695808422","authorId":"3578687695808422","name":"EUGENE8889","avatar":"https://static.tigerbbs.com/c24794060720d1132e361ed84bf507c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578687695808422","authorIdStr":"3578687695808422"},"themes":[],"htmlText":"Not easy to get 300&nbsp;coins unless find or invite more friends to join.&nbsp;","listText":"Not easy to get 300&nbsp;coins unless find or invite more friends to join.&nbsp;","text":"Not easy to get 300 coins unless find or invite more friends to join.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/849935273","repostId":"850756569","repostType":1,"repost":{"id":850756569,"gmtCreate":1634631211448,"gmtModify":1635853120757,"author":{"id":"36984908995200","authorId":"36984908995200","name":"小虎活动","avatar":"https://static.tigerbbs.com/9e396d03155923b283948d2dec9191f8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"36984908995200","authorIdStr":"36984908995200"},"themes":[],"title":"[Halloween Game] Trade or Treat!","htmlText":"Hello, dear Tigers!&nbsp; Happy&nbsp;Halloween!&nbsp;🎃🎃🎃&nbsp;&nbsp; <a href=\"https://www.tigerbrokers.com.sg/activity/market/2021/halloween/?lang=en_US#/\" target=\"_blank\">Tap&nbsp;here&nbsp;to&nbsp;play the Halloween game,&nbsp;and&nbsp;you&nbsp;stand&nbsp;a&nbsp;chance&nbsp;to win various rewards!&nbsp;</a> Promotion Period: October 27, 2021 18:00 - November 9, 2021 18:00 (SGT) 1.&nbsp;How to Participate? All Tiger clients may collect points which can be used to redeem rewards by taking part in the Trade or Treating Game. All existing Tiger clients will have 2 game attempts. Clients can get more game attempts by completing different tasks, such as 'Invite a friend' or 'Share Halloween Game'.&nbsp; 2.&nbsp;How to collect points? Each player has 30 seconds to catch falling candies while av","listText":"Hello, dear Tigers!&nbsp; Happy&nbsp;Halloween!&nbsp;🎃🎃🎃&nbsp;&nbsp; <a href=\"https://www.tigerbrokers.com.sg/activity/market/2021/halloween/?lang=en_US#/\" target=\"_blank\">Tap&nbsp;here&nbsp;to&nbsp;play the Halloween game,&nbsp;and&nbsp;you&nbsp;stand&nbsp;a&nbsp;chance&nbsp;to win various rewards!&nbsp;</a> Promotion Period: October 27, 2021 18:00 - November 9, 2021 18:00 (SGT) 1.&nbsp;How to Participate? All Tiger clients may collect points which can be used to redeem rewards by taking part in the Trade or Treating Game. All existing Tiger clients will have 2 game attempts. Clients can get more game attempts by completing different tasks, such as 'Invite a friend' or 'Share Halloween Game'.&nbsp; 2.&nbsp;How to collect points? Each player has 30 seconds to catch falling candies while av","text":"Hello, dear Tigers! Happy Halloween! 🎃🎃🎃 Tap here to play the Halloween game, and you stand a chance to win various rewards! Promotion Period: October 27, 2021 18:00 - November 9, 2021 18:00 (SGT) 1. How to Participate? All Tiger clients may collect points which can be used to redeem rewards by taking part in the Trade or Treating Game. All existing Tiger clients will have 2 game attempts. Clients can get more game attempts by completing different tasks, such as 'Invite a friend' or 'Share Halloween Game'. 2. How to collect points? Each player has 30 seconds to catch falling candies while av","images":[],"top":1,"highlighted":2,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/850756569","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1369,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":325392798,"gmtCreate":1615862504014,"gmtModify":1703494135977,"author":{"id":"3578687695808422","authorId":"3578687695808422","name":"EUGENE8889","avatar":"https://static.tigerbbs.com/c24794060720d1132e361ed84bf507c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578687695808422","authorIdStr":"3578687695808422"},"themes":[],"htmlText":"😁😁😁","listText":"😁😁😁","text":"😁😁😁","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/325392798","repostId":"1142457216","repostType":4,"isVote":1,"tweetType":1,"viewCount":319,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":325390237,"gmtCreate":1615862048629,"gmtModify":1703494127278,"author":{"id":"3578687695808422","authorId":"3578687695808422","name":"EUGENE8889","avatar":"https://static.tigerbbs.com/c24794060720d1132e361ed84bf507c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578687695808422","authorIdStr":"3578687695808422"},"themes":[],"htmlText":"👏👏👏","listText":"👏👏👏","text":"👏👏👏","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/325390237","repostId":"1142457216","repostType":4,"isVote":1,"tweetType":1,"viewCount":377,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}