- LexinFintech's net income decreased by 52.4% YoY to RMB345 million in 3Q 2020 which was primarily attributable to higher-than-expected provisions, and this places the company's asset quality in the spotlight.
- There are signs that regulatory uncertainty will continue to be an overhang for Chinese fintech and online consumer finance companies such as LexinFintech.
- LexinFintech trades at consensus forward FY 2021 and FY 2022 P/E multiples of 3.9 times and 3.4 times, respectively.
For further details see:
LexinFintech Holdings: Asset Quality And Regulatory Uncertainty Draw Attention