US Market News
1週前
UP Fintech: Q1 Revenue and Client Assets Grow Steadily, Total Revenue Up 26.3% YoYJune 2, 2026 4:05 AM
PR Newswire (US) NEW YORK, June 2, 2026 /PRNewswire/ -- UP Fintech Holding Limited (NASDAQ: TIGR) ("UP Fintech" or the "Company"), announced its unaudited financial results for the first quarter ended March 31, 2026. In the first quarter, the Company achieved a revenue of US$154.9 million, representing a 26.3% year-over-year(YoY) increase. Operating income rose 17.5% YoY to US$47.6 million, while operating margin remained healthy at 34.8%. During the quarter, the Company added 28,900 funded accounts, bringing the total number of funded accounts to 1.28 million, up 11.3% YoY. Business activity continued to strengthen, with total trading volume rising 49% YoY to US$323.9 billion. Net asset inflows maintained strong momentum at US$2.9 billion, driving total client assets up 28.4% YoY to US$58.9 billion.UP Fintech's founder and CEO, Wu Tianhua, stated: "In the first quarter, despite softer market sentiment and trading activity amid geopolitical volatility, elevated interest rate expectations and stagflation concerns, the Company still delivered solid YoY growth in both revenue and operating performance, while continuing to expand its user base and client assets. Net asset inflows reached US$2.9 billion during Q1, while quarterly net asset inflows into consolidated retail accounts exceeded US$2 billion for the first time, further validating the effectiveness of our client-quality-focused growth strategy. At the same time, our internationalization and business diversification strategies continued to advance, supporting steady growth in overseas client scale and assets. In Singapore, supported by strong product experience and customer trust, quarterly net asset inflows exceeded US$1 billion. In Hong Kong, client assets maintained solid momentum with double-digit quarter-over-quarter(QoQ) growth, demonstrating the resilience and continued growth potential of our key regional markets.""Technology and product innovation remain key drivers of user value for us. In Q1, TigerAI delivered strong momentum, with platform conversations rising nearly fivefold YoY, reflecting growing user engagement. During the quarter, we upgraded TigerAI to a multi-agent architecture, further enhancing model efficiency and user experience. We continued to enhance our investment toolkit with new features such as Hong Kong index options, options TWAP orders, Hong Kong ETF IPO subscriptions and dividend reinvestment, offering investors greater flexibility and a more seamless one-stop experience."Singapore extended the market lead with 9 consecutive quarters of order growthIn Singapore, the Company continued to deliver strong performance across key operating metrics, further reinforcing its position as a leading local digital brokerage. During the quarter, net asset inflows exceeded US$1 billion. Trading activity remained robust, with Q1 total trading volume reaching a record high, up 140.5% YoY. Total trading orders grew 28.9% YoY, marking the ninth consecutive quarter of growth and also reaching a new high. By asset class, Singapore stock trading volume rose 106% YoY, while US stock and US options trading volume increased 37.6% and 56%, respectively, reflecting growing demand for global asset allocation among local investors. Tiger BOSS Debit Card*, Singapore's first debit card offering fractional share rewards for spending, continued to gain traction. Total cardholders increased 25% YoY in Q1, while monthly spending exceeded S$1 million (approximately US$780,000) for 11 consecutive months. During the quarter, the card added 14 new local brand partners, further expanding user benefits and local lifestyle offerings. In addition, the Company continued to strengthen its local brand presence and community engagement by supporting charity organization HaoRenHaoShi, reflecting its long-term commitment to the Singapore market and local community.Hong Kong trading volume surged more than fivefold, earning continued industry recognitionIn Hong Kong, improving sentiment in AI and hard-tech sectors helped support a market recovery in the first quarter, driving continued strong momentum for our Hong Kong market. During the quarter, total trading volume and total orders increased 536% and 89% YoY, respectively, while total account openings rose 104% YoY. Net asset inflows also recorded double-digit QoQ growth. Meanwhile, Hong Kong stock trading volume and order volume both increased 191% YoY, while crypto assets under custody (AUC) and crypto trading volume rose 139.7% and 60.9%, respectively. The Company also received multiple industry recognitions during the quarter, including Best Digital Broker 2026 at The Asset Triple A Digital Awards. Additional accolades included HKEX's Top Breakthrough Broker (Equities) and Top Breakthrough Broker (Futures and Options) awards, as well as CME Group's APAC New Product Growth Award, Outstanding Contribution to Derivatives Market Development, and Investor Education Excellence Award.Strong operational execution and platform recognition across the US, Australia and New ZealandIn the US, the Company delivered strong performance across key operating metrics. In Q1, US business profit increased 14% QoQ, demonstrating solid profitability and disciplined operational execution. As brand recognition continued to expand, AUC in the US market grew 39% QoQ. Trading activity remained robust, with US stock shares traded surging 207% QoQ, US stock trading volume rising 139%, and options contracts traded increasing 20%. The strong performance reflected continued investor engagement and growing adoption of the platform's products and trading capabilities.In Australia and New Zealand, we further strengthened our local brand presence and user trust through continued product innovation and strong user experience. In Australia, business scale more than doubled during the quarter, with total trading volume up 122% YoY, net asset inflows rising 135%, and new account openings increasing 43.3%. The Company was also recognized with the WeMoney 2026 Best for Features Award, highlighting its continued leadership in trading functionality. New Zealand also delivered strong growth across key metrics, with total trading volume rising 387% YoY, first-time deposits increasing 49%, and trading accounts growing 44%. Demand for US stocks remained strong as US stock orders increased 52% YoY, reflecting growing investor demand for global asset allocation and continued trading activity on the platform.TigerAI upgraded to multi-agent and Q1 conversations surged nearly fivefold2026 Hong Kong IPO subscription amount surpassed HK$1 Trillion in MayIn the first quarter, commission income reached US$67.2 million, up 15.3% YoY, while interest-related income rose 18.7% to US$66.9 million. The Company continued to expand its global product offering through ongoing product innovation and platform enhancements. During the first quarter, the platform further strengthened its derivatives offering by launching Hong Kong index options trading** and introducing options TWAP (Time-Weighted Average Price) orders, helping investors reduce market impact costs and improve execution in large options trades. In Hong Kong, the platform added support for ETF IPO subscriptions and launched a dividend reinvestment program, further enhancing long-term investment tools for local users. In addition, TigerAI delivered breakout growth during the quarter, with the number of total users and conversations increasing 135.1% and 480.7% YoY, respectively. In Q1, TigerAI was officially upgraded to a multi-agent architecture, enabling user requests to be dynamically routed to the most suitable models based on task complexity, language, query type and scenario, improving efficiency, cost optimization and response quality. The platform also launched a dedicated AI futures analysis, further enhancing futures-related query accuracy and user experience. During the quarter, platform trading activity continued to improve, with average daily trades (DARTs) across all asset classes increasing 17.3% YoY, while the after-hours US stock DARTs surged 103.2%.The Company's IPO subscription business remained among the top three in Hong Kong. In Q1, cumulative subscription amount reached HK$543.7 billion, up 170% YoY, with Hong Kong local client subscription amount surging more than 667%. As of May 19, The Company's 2026 Hong Kong IPO subscription amount officially surpassed HK$1 trillion, reaching the milestone in just 139 days — the fastest annual pace in the Company's history.Wealth business grew strongly with million-dollar clients increasing by 60%The Company's wealth management business also maintained strong momentum in Q1. Retail wealth AUC increased 43.8% YoY, while cash management tool Tiger Vault AUC grew 25.8%, including 183.2% growth in Hong Kong. Demand for long-term wealth products continued to rise, with Hong Kong non-money market fund AUC increasing more than fivefold and Singapore non-money market fund AUC rising 157%. Structured note trading also delivered strong performance, with quarterly trading volume rising 238.3% YoY and trading accounts increasing 200.9%. The Company's high-net-worth client base continued to expand, with the number of active wealth clients holding US$1 million+ in assets increasing 60.4% YoY, while assets held by this group rose 83.4%. Meanwhile, the discretionary portfolio management business under the Type 9 licensed managed accounts remained strong, with AUM increasing 66.1% QoQ and account numbers rising 120% YoY.In Q1, the Company's turnkey asset management platform (TAMP) TradingFront continued to scale rapidly. AUC increased 230% YoY, while structured product trading volume surged 602.4%. TradingFront also upgraded Smart Fund AI into a new Smart Fund Diagnosis module, leveraging automated fund analysis to further enhance fund research and asset allocation efficiency. By continuously integrating core brokerage infrastructure with AI capabilities, TradingFront is helping institutional partners navigate market opportunities and volatility with greater efficiency and precision.Strong investment banking quarter with 10 Hong Kong IPOs and participation in major US DealsESOP new client signings up 110% YoYIn the first quarter, the Company's other revenue, including investment banking, ESOP and other corporate services, reached US$20.7 million, representing a 161.4% YoY increase.Investment banking continued to deliver strong performance. In Hong Kong, the Company underwrote 10 IPOs in Q1, including high-profile AI sector listings such as MiniMax and Zhipu AI, further demonstrating the team's execution capabilities in large IPO transactions. The Company also participated in multiple A+H IPO offerings, including Longcheer Technology, Gon Technology, Woer Heat - Shrinkable Material and MeiG Smart Technology. In addition, the Company was appointed as Overall Coordinator (OC) for three Hong Kong IPO projects — Yuyantang, Tongbo Technology and Tobita — reflecting continued market recognition of its professional service capabilities. In the US, the Company continued to expand its presence in large capital markets transactions and diversified offering types. During the quarter, it participated in two major SPAC IPO transactions — Fortress Value Acquisition Corp. V (US$250 million) and KPET Ultra Paceline Corp (US$200 million). In the digital assets sector, the Company also participated in BitGo, one of the first major US IPOs in the sector in 2026. The offering raised approximately US$213 million and priced above the top end of the marketed range, further reinforcing the Company's growing presence in digital asset finance.The Company's ESOP platform, UponeShare, saw sustained growth momentum in Q1. The platform added 42 new clients during the quarter, including Kelun-Biotech, GenFleet Therapeutics, and Bao Pharma, bringing the total client base to 790 companies. During the period, the number of newly signed clients surged by 110% YoY, while revenue from consulting and SaaS services rose 78%, underscoring sustained demand for professional ESOP solutions and digital management tools.For Tiger Enterprise Account, the Company added 11 new enterprise clients in Q1, including Green Tea Group, Bao Pharma, Baige Online, and Manycore Technology, bringing the cumulative total to 533.*Tiger Brokers (Singapore) Pte. Ltd. partners with locally licensed institutions to provide debit card issuance and related account services. **Available in selected markets. View original content:https://www.prnewswire.com/news-releases/up-fintech-q1-revenue-and-client-assets-grow-steadily-total-revenue-up-26-3-yoy-302788172.htmlSOURCE UP Fintech Holding Limited Original: UP Fintech: Q1 Revenue and Client Assets Grow Steadily, Total Revenue Up 26.3% YoY
US Market News
3月前
UP Fintech: Record Full-Year Revenue and Profit; Full-Year Profit Surges 165% YoY; Global Client Assets Reach US$60.8 BillionMarch 19, 2026 4:05 AM
PR Newswire (US)
NEW YORK, March 19, 2026 /PRNewswire/ -- UP Fintech Holding Limited (NASDAQ: TIGR) ("UP Fintech" or the "Company"), announced its unaudited financial results for the fourth quarter and full-year ended December 31, 2025. In the fourth quarter, the Company achieved a revenue of US$175.6 million, up 41.5% year-over-year (YoY), while full-year revenue reached US$612.1 million, a 56.3% increase—setting a new record high. Non-GAAP net income attributable to UP Fintech shareholders for the quarter was US$48.9 million, up 60.5% YoY. Full-year non-GAAP net income attributable to the Company grew 164.7% YoY to US$186.5 million, reaching another record.In the fourth quarter, UP Fintech added 29,700 funded accounts, bringing the total number of funded accounts to 1.25 million, up 14.8% YoY. For the full year of 2025, the Company added 161,900 funded accounts, exceeding its annual guidance. Market trading activity remained strong during the quarter, with total trading volume increasing 59.9% YoY to US$316.6 billion. Net asset inflow remained robust at US$3 billion, driving total client assets up 45.7% YoY to US$60.8 billion.UP Fintech's founder and CEO, Wu Tianhua, stated: "In 2025, the Company delivered steady growth across all business lines, while our internationalization strategy continued to progress solidly. Both annual revenue and net profit achieved significant year-over-year growth, with net asset inflow exceeding US$10 billion in 2025. These reflect not only the continued growth momentum made by our global footprint, but also the solid progress in improving operating efficiency and strengthening business resilience. Across global markets, we continued to attract high-quality clients. At our headquarters in Singapore, client assets grew by more than 50% YoY in the fourth quarter. Growth in Hong Kong was even stronger, with client assets more than tripling YoY, while average net asset inflow per new client reached a record US$43,000. Client assets in Australia and New Zealand also more than doubled YoY. Behind these results is the growing recognition and trust global users place in the Tiger platform.""We continued to enhance our platform products and features to improve the user experience. In the fourth quarter, building on our options combo feature, we upgraded it to allow users to execute complex orders of US options and underlying stock contracts, enabling clients to implement more complex trading strategies that adapt to market changes. Our localized product offerings also continued to evolve: in Singapore, Cash Boost Accounts now support the sale of US fractional shares and odd-lot Singapore stocks, further enhancing flexibility in managing smaller holdings; in Australia, we introduced margin accounts to help users improve capital utilization efficiency; and in the US, we recently launched recurring deposit functionality that provides users with more flexible cash management options. From trading tools to cash management, Tiger continues to expand and refine its product suite for global investors. Looking ahead, we will further strengthen our service capabilities and competitiveness across regional markets, helping users access diversified global assets more easily and efficiently while delivering long-term, sustainable value."Singapore strengthens local Leadership with 8 consecutive quarters of growthHong Kong Q4 trading volume surges 13-fold YoY, earns multiple local awardsIn 2025, the Company continued to advance its global strategy steadily, with brand recognition and user trust deepening across key markets. In Singapore, Tiger further consolidated its leading position among local digital brokerages, delivering solid quarterly and full-year performance. Full-year net profit rose 96% YoY, while total trading orders increased 52% YoY, both reaching historical highs. In Q4, growth momentum remained strong with both trading orders and trading accounts expanding for the eighth consecutive quarter. Q4 trading orders increased 34% YoY, while total trading volume rose 25.6% quarter over quarter (QoQ), setting new quarterly highs for both metrics. Meanwhile, the Company continued to attract high-quality clients, as client assets rose 50% YoY during the quarter. On the localization front, Tiger further strengthened user trust in Singapore through ongoing service enhancements. Annual spending volume on the Tiger BOSS Debit Card* increased nearly 40% YoY in 2025. The card also recently partnered with shared mobility brand HelloRide to promote healthy commuting and further integrate into local daily life scenarios. In addition, the Company upgraded its Singapore-tailored Cash Boost Account (CDP-linked account type), which now supports the sale of US fractional shares and odd-lot Singapore-listed stocks, further improving flexibility for users managing smaller holdings. Alongside its growing user base, the Company has forged stronger ties with the local community. Its flagship annual event, Tiger Trade Experience 2025, attracted over 4,000 local participants and received broad positive feedback. Tiger also partnered with local non-profit FootballPlus to host its first charity fundraiser, raising SGD 300,000 to support youth development programmes expected to benefit more than 400 children in 2026. From investment services to community outreach, Tiger is engaging with local communities through a diverse range of initiatives, steadily strengthening brand influence and user trust.In Hong Kong, the business delivered strong momentum throughout 2025, with full-year trading volume and order volume increasing 840.9% and 181.4% YoY, respectively. Client quality continued to improve as well, as fourth-quarter client assets more than tripled YoY and average net asset inflows per new funded client reached US$43,000. Trading activity remained robust in the quarter, with Q4 trading volume and order volume surging 1305% and 132% YoY. By product category, US futures became the key growth driver, with order volume rising 459% YoY and trading volume increasing nearly 30-fold in Q4. Hong Kong futures also recorded strong performance, with trading volume growing more than 17 times YoY, reflecting sustained demand for derivatives amid heightened market volatility. Meanwhile, US and Hong Kong stocks order volume increased 125% and 212% respectively YoY, while US and Hong Kong options order volume rose 90% and 448%. Virtual asset trading also remained highly active. Crypto order volume increased 228% YoY and 60.9% QoQ in Q4. In terms of brand and market recognition, the Company received several major industry recognitions during the quarter, including CME Group's "F&O Journey Driver 2025", "Innovative Broker 2025", and "Education Motivator 2025" as well as SGX's "Top 5 Chinese Futures Brokers for China Equity Index Derivatives 2025" award. In addition, Tiger sponsored the CFA Institute Research Challenge Hong Kong Final, continuing its support for local financial education and youth talent development while strengthening connections with Hong Kong's next generation of finance professionals.In the US, TradeUP maintained steady business growth. Total trading volume from local clients increased significantly by 82.4% QoQ. Demand for trading products remained robust, with US stock and US options order volumes rising by 143.7% and 147% QoQ, respectively, highlighting growing interest in derivatives trading among local investors. On product updates, TradeUP officially launched recurring deposits during Q4, offering investors greater flexibility in cash management and further enhancing client retention and platform engagement. Meanwhile, options trading functionality continued to improve, with cash accounts now supporting Level 2 options trading, facilitating user access to diverse trading strategies.In Australia and New Zealand, the Company continued to deepen its local service capabilities, earning the trust of local investors through stable and reliable product experiences. In Australia, Q4 new account openings increased 48.3% YoY, net asset inflows rose 81.6%, total trading volume grew 76.8%, and gross revenue increased 79.4%. Meanwhile, Tiger Australia launched margin accounts in December 2025, offering investors more competitive margin financing and securities lending services to further enhance capital flexibility. From trading tools to cash management, Tiger is building a more comprehensive product ecosystem to support Australian investors over the long term.In New Zealand, the Company also continued to receive strong positive feedback from local investors. Net asset inflows increased 114% YoY during the period, while total trading volume surged 357.4% YoY and 88.8% QoQ. Participation in US markets remained strong, with US stock order volume increasing 70.8% YoY and US options order volume rising 55.1%. This reflects continued demand among local users for global asset allocation and more diversified trading tools.Wealth penetration rises as Tiger Vault AUC nearly doubles in Q4Hong Kong IPO margin financing hits record HK$1 trillionIn the fourth quarter, UP Fintech's commission income reached US$70.8 million, up 26.6% YoY. Interest-related income amounted to US$73.9 million, an increase of 26.3% YoY. The Company continued to enhance its one-stop global investing experience, making trading more convenient and intelligent for users. On the product side, Tiger further upgraded its US stocks offering by launching a new one-click order function for complex US stock and options strategies, allowing users to execute multi-leg positions more efficiently without manually splitting orders or calculating prices. For institutional clients, Group Trade now supports Iceberg orders, TWAP and VWAP orders, as well as one-click trading, improving efficiency and stability for large-order trading and better meeting professional trading needs. TigerAI also completed several major upgrades during the quarter, including voice input and broadcast features, automatic @Agent routing based on user queries, and one-click AI explanations for financial terms, enabling faster and more precise interactions. As AI capabilities continued to improve, total quarterly TigerAI conversations increased nearly 11.5 times YoY. Overall platform trading activity remained strong across product categories, with total DARTs increasing 28% YoY in Q4. 24-hour trading experience was also enhanced, with the after-hours US stock DARTs rising 119.5% YoY.Hong Kong IPO activity also remained robust, with IPO subscription amount on the platform doubling again QoQ as newly listed companies continued to perform strongly on debut. Full-year margin financing subscription amount reached HK$1.2 trillion in 2025, surpassing the HK$1 trillion mark for the first time and setting a new record**. During Q4, the number of IPO subscribers increased 81.9% QoQ and 17 times YoY, while subscription amount rose 95.3% QoQ and 52 times YoY. Particularly, subscription amount from Tiger's Hong Kong clients grew 173.4% QoQ, significantly outpacing the broader market.On the wealth management side, user penetration continued to improve steadily. Currently, one in every five newly funded clients on the platform uses wealth management services. In Q4, public fund AUC increased 98.9% YoY, while the number of users rose 47.2%. Tiger Vault, the Company's cash management tool, remained highly popular, with total AUC increasing 94.3% YoY. Hong Kong in particular delivered standout growth, with Tiger Vault AUC surging 2.65 times YoY. Structured notes also entered a rapid growth phase, as transaction volume rose 50.6% QoQ and the number of trading accounts increased severalfold YoY. Hong Kong remained the strongest contributor, with Q4 asset management AUC increasing 144% QoQ, reflecting growing local recognition of Tiger's wealth management capabilities.TradingFront's turnkey asset management platform (TAMP) continued to gain broad recognition among trading-oriented institutional clients through ongoing product and service enhancements. In Q4, platform AUC increased 30.6% QoQ, while total account numbers maintained double-digit growth. The number of referral accounts increased 16.8% QoQ, further validating our hybrid approach to advisor-client profitability. On product innovation, TradingFront launched its proprietary ideation engine SmartFund AI, enabling wealth managers to generate sophisticated unit trust recommendations instantly based on institutional fund-selection criteria and client risk preferences, significantly reducing research latency while ensuring smarter alignment with clients' investment goals. The platform also launched the Portfolio Backtest module, helping advisers validate investment views through systematic historical performance analysis. In addition, structured note offerings were further expanded in the fourth quarter as Singapore-listed equities were added as eligible underlying assets, offering users broader regional asset allocation choices.Investment Banking maintains momentum ESOP net profit surges 400% YoYIn the fourth quarter, other revenue — including investment banking, ESOP, and other corporate services — reached US$30.8 million, up 17.3% QoQ and 220.6% YoY. During the quarter, the Company's investment banking business completed 20 Hong Kong IPOs, up 250% QoQ, including Pony.ai, the largest global autonomous driving IPO of 2025; CNGR Advanced Material, the first A+H listing in the new energy materials sector; Chuangxin Industries, a benchmark enterprise in China's aluminum supply chain; and HashKey Group, the sole digital asset IPO in Hong Kong in 2025. Among the 20 IPOs, the Company also completed two Chapter 18C Hong Kong IPOs (Yunji Technology and CiDi Inc.) and three Chapter 18A Hong Kong IPOs during the quarter, further strengthening its underwriting advantage in new economy and innovation sectors. In the US, the Company completed three IPOs this quarter, including serving as a distributor in Medline Industries, the world's largest IPO of 2025, which raised US$6.25 billion. For the other two deals, the Company acted as sole lead underwriter, further underscoring its growing lead-underwriting capabilities. For full-year 2025, Tiger's investment banking business continued to expand, serving as lead underwriter or syndicate underwriter in a total of 53 underwriting deals, marking a significant step forward in both service capacity and market influence.On the ESOP side, UponeShare added 39 new clients in Q4, including Yunji Technology, ZJLD Group and CM Energy Tech, bringing the total client base to 748 companies. For the full year 2025, ESOP added 135 new clients. Supported by continued market-driven operations and business expansion, annual revenue increased more than 40% YoY, net profit rose more than 400%YoY, and annual new client additions grew over 70%.For Tiger Enterprise Account, the Company added 18 new enterprise clients this quarter—including Joyson Electronics, Shenzhen Senior Technology Material, CNGR Advanced Material and Nanhua Futures, bringing the cumulative total to 522. New clients spanned listed companies and innovation-driven enterprises across advanced manufacturing, healthcare, financial services, and intelligent technology sectors, further strengthening the platform's high-quality corporate ecosystem. During Q4, the platform also livestreamed several major corporate events, including Leapmotor's 10th anniversary event, Li Auto's LiviS AI glasses launch and earnings call, and Faraday Future's FX Super One Middle East global launch, further enhancing the platform's influence in high-value corporate communications and industry connectivity.About UP FintechUP Fintech Holding Limited (Nasdaq: TIGR), also known as Tiger Brokers, is a leading online brokerage firm with a focus on redefining global investing with technologies for the next generation.Since inception, the Company has been committed to offering a high-quality user experience, with the goal of becoming a world-leading online brokerage while helping investors access efficient and smart global investing. We offer a diversified range of financial products and services across brokerage, employee stock ownership plan (ESOP) management, investment banking, wealth management, investor community, and investor education.UP Fintech strives to elevate financial technology R&D to a new level. While we inherit the best traditions from the financial sector and blend them with the best minds of tech experts, we develop our own technology infrastructure—an aggregation that enables multi-currency trading of various products across markets, guaranteeing our reliable, secure, and scalable services are accessible to all with low latency.In 2019, UP Fintech was listed on Nasdaq as UP Fintech Holding Limited under the ticker TIGR. We currently serve over 10 million users and over 2.6 million account holders worldwide through our flagship platform "Tiger Trade" and hold 82 licenses and qualifications across our global markets.For more information about Tiger Brokers, please visit itiger.com*Tiger Brokers (Singapore) Pte Ltd partners with locally licensed institutions to provide debit card issuance and account services.
**Data source: Company internal data, Tiger Trade, AIPO and publicly available market information.
View original content:https://www.prnewswire.com/news-releases/up-fintech-record-full-year-revenue-and-profit-full-year-profit-surges-165-yoy-global-client-assets-reach-us60-8-billion-302718494.htmlSOURCE UP Fintech Holding Limited
Original: UP Fintech: Record Full-Year Revenue and Profit; Full-Year Profit Surges 165% YoY; Global Client Assets Reach US$60.8 Billion
greatday88
22年前
From Sparky: Wednesday 04/21/04 8:00 am cdt
Sparky's Assessment:
TIGR
A Steal @ 42 Cents!
For the past six months, Sparky has observed and analyzed the trading behavior of TIGR shares more closely than he's ever monitored anything.
That being said, over the past 20 sessions, Sparky has seen and tracked some very strange forces at work in the TIGR arena, forces that have driven share prices down sharply from a 59-cent close on 03/22/04 to 41-cent close yesterday (Tuesday).
By strange forces, Sparky's referring to the many mysterious trades before and after hours, all the big-block sales deliberately timed to wreak havoc, all the delayed executions, all the tiny trades right at bid, and a slew of similar tape-painting events.
It seems quite apparent that over the past 20 sessions these forces have succeeded in systematically reducing TIGR share prices by 18 cents. What's not so obvious, however, is/are the underlying reason/reasons. But Sparky can think of at least 3 that are worth sharing:
1) Takeover Posturing - Let's say a company had read all Sparky's TIGR write-ups and rightfully saw tons of longer term profit potential in TIGR shares. In such an example, rather than run the risk of waiting until Gizmondo units are actually being produced, until Gizmondo has received far more publicity, and until TIGR shares have appreciated in value; wouldn't it make far more sense for the suitor company to make its takeover move before all this happened?
If an acquiring firm did make such a move, the establishment of some sort of Investment banking relationship would probably be the next step. Knowing that the market value of the shares of the company being acquired will be the starting point of related acquisition negotiations, and wanting to get its acquiring-firm client the lowest price it can, the investment banking firm in this example would then have a financial incentive to lower TIGR share prices.
By far the most effective way to accomplish this contrarian task would be the aggressive selling of long shares, which is exactly what's been happening lately.
2) Share Conversions - Like many small cash-strapped companies that have yet to show a profit, Tiger Telematics has issued restricted TIGR shares to pay for many of the goods and services it has required thus far.
And because restricted shares cannot usually be sold for at least one year, and sometimes even longer, when they are received in lieu of cash, they're typically priced at a deep discount to prevailing market value. Also, in cases like TIGR, where less than six months ago its shares were trading below a nickel, sizable quantities of restricted shares are often issued, frequently in exchange for services that really didn't involve much value - but now the related shares do.
Bearing the above in mind, let's say that a group of individuals who hold a bunch TIGR shares long, let's say 2 million shares, really and truly believe that TIGR shares have significant potential (which they would if they had read all Sparky's write ups).
Now let's say that this same group becomes aware of another group that holds let's say 6 million restricted shares. In this example, provided that restricted shares can be bought at a deep discount to market, it would make much sense for the group holding long shares to try and convert those shares into a far greater number of restricted shares.
So to raise the funds needed to buy the restricted shares, the group in this example that holds TIGR shares long would first sell them. And to reduce the cost of the restricted shares being bought, which would be priced at some agreed-upon discount to market, the long group would simply liquidate their long shares aggressively, which would then knock down the share price to which the restricted share cost is tied.
3) Aggressive Short Selling - Back in late February, TIGR share prices reached an intraday peak of 67 cents on record volume of 3.8 million shares. During the previous 7 sessions, TIGR shares had seen daily volume over a million shares (over 2 million on 3 of the 7 days) and the price had soared from 25 cents to 45 cents.
Now because TIGR shares had risen so rapidly, Sparky initially attributed the subsequent sell off in early March to profit taking. But now that he's witnessed what's happened over the past 20 sessions, Sparky finds himself seriously wondering if we didn't see some aggressive short selling back in late February, short selling that's now created an incentive for shorters to drive prices down even further in their attempts to lock in sizable spreads.
Looking back at Time & Sales data during the last week of February and the first week of March, Sparky now believes as many as 3 or 4 million shares may have been shorted. In support of this observation, it appears that as many as another million shares were shorted between March 18th and March 22nd, a period where intraday share prices hit 61 cents each day, but a close above 60 cents never happened.
And since what appeared to be a second round of shorting happened, we've had 20 unusual sessions and in 18 of the 20 sessions, TIGR shares closed below their weighted average price, which Sparky thinks smells like tape painting.
Sparky has no way of knowing which one of the three possibilities above explains why TIGR shares have plunged 18 cents. In fact, the explanation could even involve a combination of two or more.
What Sparky is sure about, however, is that strange forces are at work here, forces that have temporarily stripped the market of all its desired efficiency. Specifically, regardless of why these forces want to depress TIGR shares prices, the fact is that they have so far succeeded; and in doing so these forces have significantly and artificially deflated the market's valuation of TIGR shares.
For this reason, Sparky highly recommends that investors seeking significant near-term growth immediately and aggressively accumulate TIGR shares.
And for a far more in-depth discussion of why TIGR shares are such a bargain anywhere near levels, readers are urged to check out Sparky's latest TIGR write up, which can be found at the link below.
Sincerely,
Sparky
greatday88
22年前
From Sparky: Monday 04/12/07 1:35 pm cdt
TIGR
A Solid Buy At 50 Cents!
Tiger Telematics is the company behind Gametrac, a revolutionary mobile gaming device that Sparky thinks is about to jolt the new and burgeoning mobile gaming industry with phenomenal market penetration numbers and may even become an instant industry leader.
In an effort to explain and justify all this optimism, in the paragraphs below Sparky offers a more detailed look at the product, the team, the competition, the industry, and the actual overall potential.
The Product
In additional to being an exceptional gaming device, Gametrac also performs the following functions: It serves as a movie player, allowing users to view full-feature videos using the unit's built-in SD Card slot; it functions as an MP3 player permitting users to download, store, and listen to select audio files; it's an SMS & MMS messaging facility that lets users easily send text, image, and music files; and it sports a neat, high-resolution digital camera.
Gametrac's also equipped with a unique global positioning system; it's wired for GSM tri-band networks so it can be used in 5 continents; it supports Bluetooth wireless capabilities, which allows not only multi-player competition, but also makes connecting to any enabled device a snap; it has UBS capabilities; and with its removable memory cards, it provides users with unlimited storage.
In addition to having more features than any competing units, Gametrac's also equipped with a 400 MHz processor and a built-in 64-bit graphics accelerator and, it's the only mobile gaming unit that currently uses Microsoft Windows (CE.NET) as its operating system.
The TIGR Team
In order to accomplish the difficult task of converting the Gametrac idea into an actual product, TIGR, over the past seven months, has entered into several strategic partnerships with some of the most reputable design, engineering, software, manufacturing, and public relations companies in the world.
In the initial design stage, TIGR entered into a joint venture with Plextek, one of the largest independent electrical design and consulting firms in the UK. Within weeks, a strategic partnership was formed with Synergenix Interactive AB, regarding the use of Morphum games on Gametrac's mobile gaming platform.
About a month later, TIGR entered into a strategic partnership with Intrinsyc Software International, a Microsoft Gold Level Windows Embedded Partner, and elected to utilize Windows CE.NET as Gametrac's operating system.
Working together with Xilinx, another huge firm that's widely respected throughout the electronics industry, Plextek and Intrinsyc produced for TIGR the initial Gametrac units that were displayed at the 2004 Consumer Electronics Show in Las Vegas back in January.
Shortly thereafter, TIGR announced collaboration with Fathammer Alliance, a leading supplier of advanced 3D graphics and game technologies for mobile platforms, a move that Sparky thinks will assure that the quality of the games is consistent with the quality of the device.
Days later a strategic partnership between TIGR and MINICK was announced. MINICK has already built one of the largest premium messaging networks in Europe, and operates its own SMS & MMS centers that connect directly to mobile networks. This partnership sets the stage for Gametrac units serving as a platform that allows TIGR's Smart Advertising (Smart Adds) service.
Then in late February it was announced that Gametrac will be using Samsung's world-class S3C2440 Mobile Applications Processor. Sparky thinks Samsung, known for its distinguished multimedia and gaming experience, was an excellent addition to the TIGR tem and will help assure that Gametrac's performance remains the fastest on the market.
And speaking of quality, in early March TIGR announced its plans to use a cutting-edge audio IC, a single chip MIDI synthesizer, that's made by respected audio specialist Micronas, a move that will provide Gametrac units with notably superior audio quality.
On the all-important production front, TIGR announced in mid-December that Celestica, a huge and respected worldwide leader in delivering innovative electronics manufacturing services (EMS), will be providing Gametrac with manufacturing services.
Equally impressive, in late March TIGR signed an agreement with CATIC, a giant State-Run Chinese conglomerate, which involved sales, distribution, technical support, and numerous other joint ventures for all Chinese regions, which Sparky interprets as meaning that CATIC is also very likely to be the manufacturer of Gametrac units sold in the Chinese region, particularly if demand from fast-growing high-tech Asian markets is anywhere near as intense as Sparky expects it to be.
And last but certainly not least, in early April TIGR announced that it had selected Ogilvy Public Relations Worldwide as its Agency of Record.
Managed by some of the planet's most respected marketing executives, Ogilvy currently represents some of the most reputable companies in the consumer electronics industry, including but not limited to Cisco, Dell, HP, Microsoft, NCR, Oracle and Xilinx. Sparky thinks that Ogilvy PR is a wonderful addition to the TIGR team, one the Street has not even begun to comprehend the beneficial implications of, yet.
Now considering the impressive cast of characters listed above, Sparky thinks he has ample reason to believe that not a single one of these outstanding firms would have entered into agreements and joint ventures with TIGR if Gametrac was not in fact one hell of a device!
The Competition
At present, it appears Gametrac's primary competition will come from Sony's new PSP and Nintendo's new dual screen unit called DS. Another smaller but noteworthy industry member is Tapwave, with its pricey PDA-like Zodiac models, which have mobile gaming capabilities. And smaller still we have Nokia with its gaming cell called N-Gage, which Nokia is threatening to re-design and eventually re-introduce.
And while Sony and Nintendo remain as truly formidable competitors, Sparky enjoys pointing out that Gametrac seems to be right on track for a much earlier launch date than either one of them.
Sony, which first announced plans to produce the PSP in May of 2003, with a launch date of late 2004, reported in late February that the PSP launch will be delayed until after the first quarter of 2005. Because it appears Sony's PSP is likely to be Gametrac's biggest competitor, Sparky thinks this delay has market share ramifications that are far more significant than the Street has yet to realize.
As for Nintendo, initial DS plans weren't even announced until January of this year, the unit's specifics aren't being released until May, but supposedly a late 2004 launch is still planned. Frankly Sparky doesn't think Nintendo stands a chance of launching the DS this year and expects news of a delayed launch date any day now. This expected delay, Sparky thinks, will just further assure deeper market penetration for TIGR.
The Mobile Gaming Industry
Despite rapid ongoing growth in the mobile gaming industry, at this point it's impossible to reference any industry averages or trend rates because it's such a new industry.
That said, someone needs to finally break the ice and predict how many mobile gaming units this industry will sell during its first real full year of existence, and it may as well be Sparky.
Using a consensus of unit sale estimates for 2003, Sparky estimates that Sony sold about 70 million PlayStation 2s, that Microsoft sold about 13.7 million X-Box units, and that Nintendo sold about 13.9 million GameCube units; for a three-company 2003 total of about 100 million units.
Now because mobile gaming units will cost more to buy and because they also involve monthly service plans, Sparky understands that mobile gaming unit sales will be far less. So let's say that the first-year unit sales of mobile gaming units amount to a paltry 10% of 2003's gaming unit sales of 100 million units; that still amounts to about 10 million units!
Conclusion
If Sparky may build upon the foundation presented above, let's say Gametrac captures just 10% of this new mobile gaming market during year one and that it's estimated to be comprised of about 10 million units. In other words, let's assume first year Gametrac sales of 1 million units.
Then, even though TIGR has not yet publicly announced what Gametrac is likely to cost, for purposes of illustration let's assume a price of $ 200 per unit, a gross margin on sales of about 25% (or about $ 50 per unit), for a first year total of $ 50 million.
And let's not forget the post-sale revenues associated with Smart Adds, as well as the monthly income from related service plans. Also for illustrative purposes, for year one let's assume that amounts to a gross of about $ 5 per month, per unit, for a total of $ 60 million. Adding up those gross totals, Sparky computes first year gross income of about $ 110 million.
Now let's make another ultra-conservative assumption, and assume that every single one of TIGR authorized 500 million shares is issued and outstanding at the end of year one.
Dividing $ 110 million by 500 million shares, Sparky comes up with per share earnings of about 22 cents. Now if TIGR shares were to be assigned a reasonable multiple of say 20, which is the multiple at which the DJIA now trades, that would yield a TIGR share value of about $ 4.40.
Granted, the above gross numbers are just estimates, and vague ones at that; they reflect absolutely no input from Nintendo, Sony, or Tiger Telematics; and they don't reflect operating and administrative expenses. But that said, the above numbers are still very conservative and in Sparky's opinion, if the unit sales increase, operating and other variable expenses become increasingly less of a profitability issue.
To conclude, Sparky views TIGR shares as an excellent addition to any growth-oriented portfolio and recommends immediate and aggressive accumulation anywhere near current levels.
Sincerely,
Sparky
PS - To hear what Microsoft has to say about the mobile gaming market in general and Gametrac in particular, Sparky urges you to check out the link below. After clicking it, you will be taken to Gametrac's web site. Once there, click on the link at the lower left entitled;"Microsoft on Gametrac".
http://gametrac.com/flash.asp
Tiger Telematics (TIGR)
greatday88
22年前
GAMETRAC EUROPE SIGNS CHINA DISTRIBUTION AGREEMENT
Mar 28, 2004 (AsiaPulse via COMTEX) --
LONDON, March 28 PRNewswire-FirstCall - Gametrac Europe Ltd, a subsidiary of the Jacksonville, FL-based Tiger Telematics Inc (TIGR) has signed a top-level Heads of Agreement with multi-billion dollar distribution outlet, CATIC.
The extensive agreement includes sales, distribution, technical support and numerous other joint ventures for all Chinese regions.
(Photo: http://www.newscom.com/cgi-bin/prnh/20040326/LNF003)
Gametrac is a wireless handheld multi-entertainment device, built on the Microsoft Windows CE.NET platform, which features cutting-edge gaming, an MP3 music player, video player, multimedia messaging, GPS function and an in-built camera. The device has a GPRS connection and is due to launch later this year.
"It's a breakthrough for Gametrac, ensuring that demand will be met as well as providing efficient Asian distribution. The timing of this agreement with CATIC could not be better," says Steve Carroll, Technical Director of Gametrac Europe Ltd.
"Not only because of the booming growth in China, but because the response from our potential Chinese customers has been exceptional, in what is the world's fastest-growing hi-tech market."
The enthusiasm is matched by Xu Tongyu Deputy Director of CATIC Supply: "We are delighted to be collaborating with Tiger Telematics. The Gametrac device is powerful and highly appealing and it is perfect for the Chinese market. CATIC is a key, state-owned enterprise and our new friends at Gametrac can count on our doing our very best to help them."
CATIC businesses range from manufacturing to the import and export of technological products, from aviation to hotels. CATIC has positioned itself in the front rank of China's one hundred best foreign trade enterprises. In addition, CATIC have 45 overseas branches and representative offices in 30 countries and regions.
Mr. Steve Carroll and Mr. Xu Tongyu on the Great Wall of China sealed the deal with a handshake.
Notes:
About Tiger:
Gametrac Europe Ltd is a series of owned subsidiaries of Tiger Telematics Inc (OTC: TIGR) and is the maker of Gametrac, a next-generation mobile entertainment device. Set to launch in the UK in 2004, the gaming device includes in-built music, video, messaging and picture functions.
www.gametrac.com
www.tigertelematics.com
Tiger is a designer, developer and marketer of mobile telematics systems and services that combine global GPS functions and voice recognition technology to locate and track vehicles and people down to street level in countries throughout the world. The systems are designed to operate on GPS and are currently being marketed to GSM current and potential subscribers, primarily by the company's United Kingdom based subsidiaries.
About CATIC:
Established in 1979, CATIC is a trans-national group integrating industry and technology with trade. The company has made remarkable progress in the import and export of aero and non-aero products, as well as businesses ranging from hotels to manufacturing to the import and export of mechanical and electrical products technology. CATIC has accumulated an import export volume of $20.8 billion, firmly holding its position in the top 20 of China's companies in terms of import and export volumes. For more information, please visit www.catic.com.cn .
Except for historical matters contained herein, the matters discussed in this press release are forward-looking and are made pursuant to the safe harbour provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that these forward-looking statements reflect numerous assumptions and involve risks and uncertainties that may affect Tiger Telematics, Inc. and its subsidiary businesses and prospects and cause actual results to differ materially from these forward-looking statements. Among the factors that could cause actual results to differ are Tiger Telematics, Inc.'s operating history; competition; low barriers to entry; reliance on strategic relationships; rapid technological changes; inability to complete transactions on favourable terms; and those risks discussed in the Company's filings with the SEC.
SOURCE: Tiger Telematics Inc
-0-
03/26/2004
CONTACT: Mike Carrender, CEO, Tiger Telematics, Inc., +1-904-279-9240; Patrik Wallgren, Head of Global Public Relations, Global Media, +44-7813-647-752, patrik.wallgrengametrac.co.uk
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20040326/LNF003
PRN Photo Desk photodeskprnewswire.com
Web Site: http://www.tigertelematics.com
http://www.gametrac.com
http://www.catic.com.cn
(TIGR)