China plans to ban loopholes used by tech firms for foreign ipos
$UP Fintech(TIGR.US$ how will this affect our tiger today?
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SANDRO 善子 : Who is the planner?
coocoocoohuatOP SANDRO 善子: Haha Winnie and friends?
SANDRO 善子 coocoocoohuatOP: We invest in the performance of stock, not on rumors / unconfirm news
coocoocoohuatOP SANDRO 善子: Hmmm so Do you think the performance of tiger stock is good?
SANDRO 善子 coocoocoohuatOP: China open policy by Chinese President:
http://www.xinhuanet.com/politics/2018-05/07/c_1122793200.htm
SANDRO 善子 : After just 1 day, financial departments such as the People's Bank of China, the China Securities Regulatory Commission, and the State Administration of Foreign Exchange announced specific measures to open up to the public: allowing foreign investors to hold joint venture securities companies; lifting restrictions on foreign shareholding ratios for banks and financial asset management companies; drastically expanding the scope of foreign banking business; and allowing eligible foreign investors to operate insurance agents and other businesses in China...
doctorpot1 coocoocoohuatOP: why not good leh? customer base still expanding at a fast pace (especially non China one), margin is going to increase as they are starting to clear trades and hold custody themselves, current price is 4x Price to Sales. assume we throw away China then will be 8x PS. quite cheap leh for a company that is growing 2x yoy. I don't use PE cause growth company will throw a lot of money to grow fast fast and tiger net margin have room to grow.
SANDRO 善子 doctorpot1: Agree