Tiger Brokers CEO confident of further growth in the Singapore market

So basically for Singapore actually contribute to more than 50% of all to the clients assets itself. So we have been in this Singapore for the last four years and and every 3 Singapore permanent residence itself, one is actually a user in Singapore, yes. So when we actually first started off back in 2020 itself, it was actually during the COVID period, yes. So there was actually quite a number of pinpoints at a time. First and foremost, when it comes to the platform, when it comes to a kind of boarding, it was ridiculously long. When it comes to some of the brokers and fees, that time was actually a quite expensive. So when we came into the market, when users and investors in this region actually saw that our platform is actually a pretty robust and actually provide a multi fixated functionalities, products and markets. And in the meantime they were actually able to actually on board with us in less than 5 minutes. And last but not least, when it comes to our rates, it's actually a pretty competitive as compared to our competitors. A lot of investors in this region actually started to use us for the go to platform for that investment needs itself. And when it comes to Singapore where you have let's say for example a total population when it comes to the 1000 of more than two million, we actually see the potential in this market itself. So leveraging on technology and our multi productive strategy, we are confident to actually to grow even deeper and stronger even though we are the top broker in Singapore when it comes to online space right now. Yes, Ian, you mentioned something a while ago about how the pickup actually happened because you launched around the COVID-19 pandemic. Now, during that time, a lot of people picked up a lot of things. Some people take up yoga and cycling. Some people picked up investing as well. Now that we're about two years out of the COVID-19 pandemic, has the pickup at least or the growth dropped off or perhaps plateaued during that time? And what does Tiger Brokers done to make sure that the people have signed on during that time have stayed on? All right. So for us, it's always about innovating our product offerings to users itself. So just for this year, for the first half of 2024 itself, you'll see that we actually are launched our very first debit card first for brokers in this region itself, our Tiger Boss debit card itself. In the meantime, we also launched 24 hours of US trading 24 five and last but not least, we've also started to actually to provide the the cash boost account. We actually allows clients to actually use a contract trading strategies to actually in their investment journey itself here. So for us it's always about innovating, giving what clients need and to even a certain extent of anticipating what RTR needs before the even though we am providing it to them. And to answer JP's question, yes, there were actually concerns that we match the taper off, you know given that COVID is actually passed, but the support for our platform is now is too strong. And if you do note that from our first quarter report itself, we actually have recorded the the highest of revenue past the last three years. Yes. So support for Tiger Brokers in this region is still very strong itself.

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