This article only represents the author's own views.
Following a brutal few weeks that saw U.S.-listed Chinese stocks shed billions of dollars in market value, a new breed of China bulls is suddenly starting to chase the same group of companies. One of their favorite targets is a Tiger, or more precisely the discount brokerage Tiger Brokers, whose parent UP Fintech Holding Ltd. (TIGR.US) released its latest quarterly results last Friday.
Truth be told, the latest results from the smaller of China’s top two online brokers specializing in offshore stocks aren’t extremely impressive. But clearly investors saw something in the latest report, as the stock rose 33% the day of the announcement. It has continued to rally since then and is now up 58% since the report’s issue. If we go back just a few days earlier, the stock has now more than doubled from an all-time low on March 14.