The venture play of Sino AG. The investment in the self-proclaimed "European Charles Schwab" as well as Rest & ah and Getquin are also still there.
My small contribution to everything $XTP (+2,54 %)
Since the core business of Sino AG is of little relevance, we will only briefly discuss it.
History of Sino AG
Sino AG is a German company that specializes in securities trading. Here is an overview of the history of Sino AG:
Foundation and beginnings
- 1998: Sino AG was founded in Düsseldorf by Ingo Hillen and Matthias Hocke. The aim was to create a platform for professional traders and discerning private investors.
- 2000: Sino AG began its business operations and initially concentrated on serving institutional clients.
Development and expansion
- 2001: Launch of the online platform "sino MX-PRO", which was specially tailored to the needs of professional traders.
- 2004: Sino AG went public. The IPO took place on September 2, 2004 and the shares were traded in the "Entry Standard" segment of the Frankfurt Stock Exchange.
- 2005: Introduction of the order fee flat rate, which made trading more attractive for frequent traders.
Technological innovations
- 2006: Sino AG developed a real-time trading platform with advanced features such as real-time price data and automated trading.
- 2010: Introduction of mobile trading apps to enable trading on the go.
Strategic partnerships and investments
- 2011: Investment in Trade Republic Bank GmbH, an innovative fintech company that enables securities trading via a mobile app.
- 2017: Expansion of the stake in Trade Republic and support in expanding the business model.
Recent developments
- 2020: Trade Republic became one of the leading neobrokers in Germany and Europe, from which Sino AG also benefited.
- 2021: Sino AG recorded strong growth due to the increasing popularity of Trade Republic and the general boom in online securities trading.
Business model according to Sino AG:
"sino AG | High End Brokerage was founded in 1998 and is the broker for heavy traders in Germany. It specializes in the processing of securities transactions for the most active and demanding traders in Germany and has quickly become synonymous with high-end brokerage. With its consistent focus on the most demanding and active traders, sino pursues a clear strategy. The company offers these very active customers a special service package. This
This includes powerful and exceptionally stable front-ends, a fair and attractive fee model, competent and personal service as well as account and custody account management via $BWB (-0,5 %) Bank AG, Unterschleissheim. The original license from the Federal Financial Supervisory Authority (BaFin) to provide investment brokerage and contract brokerage services was granted to the company on September 6, 1999. "
Core business:
Not much to say here. Despite a rare profit in the last annual report, it remains to be seen whether this is sustainable. Either way, the business as a whole remains completely irrelevant.
Future prospects and plans for the core business:
"Sino AG is facing new challenges such as the development of the mobile brokerage business, deregulation, new market segments and financial market regulation. In order to master these challenges, the company has initiated several projects ranging from product development to organizational projects. Around a third of employees are continuously involved in these projects.
One particular future project is the expansion of the trading offering to include crypto assets, which can be traded via the sino MX-PRO platform from the third quarter of 2024"
Conclusion
sino AG plans to reduce its losses through more intensive customer acquisition and product improvements. The investments in various companies represent potential risks, but are assessed cautiously. The strategic projects and the planned expansion of the trading offering to include crypto assets demonstrate the company's future-oriented focus.
So why does such an uninteresting company have such a high valuation? Let's take a look at the holdings of "Sino Beteiligungen GmbH".