TIGR

UP Fintech Holding Ltd - ADR

TMT, Finance/Real Estate


Presented:04/01/2021
Price:$17.58
Cap:$2.08B
Current Price:$7.05
Cap:$1.07B

Presented

Date04/01/2021
Price$17.58
Market Cap$2.08B
Ent Value$1.06B
P/E Ratio334.22x
Book Value$1.59
Div Yield0%
Shares O/S118.48M
Ave Daily Vol10,105,086
Short IntN/A

Current

Price$7.05
Market Cap$1.07B
UP Fintech Holding Ltd. operates as brokerage firm, which focuses on global Chinese investors. The company was founded by Tianhua Wu in 2014 and is headquartered in Chaoyang District, China.

Publicly traded companies mentioned herein: China International Capital Corp Ltd (3908 HK), China Renaissance Holdings Ltd (1911 HK), Futu Holdings Inc (FUTU), Interactive Brokers Group Inc (IBKR)

Highlights

The presenter is long shares of Up Fintech Holding Ltd (TIGR), an online brokerage that provides Chinese investors with brokerage services for US ADRs, Singapore, Australian, and Hong Kong securities. He considers TIGR’s ~$17 share price (4.5x and 20x his 2022 revenue and EPS estimates, respectively) cheap on an absolute basis given TIGR’s strong growth profile and upcoming catalysts. Additionally, he feels the story is even more compelling since its close comp FUTU trades at 16x and 33x his 2022 revenue and EPS estimates, respectively. By the end of this year, he expects that valuation gap to narrow and for TIGR to reach $40+ per share. 

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Idea Discussion

Commentor 1 - 2 weeks ago

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