2024-06-04 11:18:38 ET
Summary
- QFIN is expecting a reasonably good high-single digit percentage expansion in its bottom line for Q2 2024, while the stock trades at a low-to-mid digit forward P/E multiple.
- I have a positive view of Qifu Technology's Q1 2024 metrics pertaining to take rate, share repurchases, and asset quality.
- A Buy rating for the stock is maintained after an evaluation of the company's guidance and metrics.
Elevator Pitch
My rating for Qifu Technology, Inc. ( QFIN ) is a Buy.
The company's Q4 2023 top line performance and new $350 million share repurchase program were the focus of the prior March 15, 2024 update . With the latest write-up, I take a look at QFIN's Q2 2024 bottom line guidance and key operating metrics....
Read the full article on Seeking Alpha
For further details see:
Qifu Technology: Still Positive Considering Favorable Guidance And Metrics