Overview
Uxin (UXIN) has finally completed the series of divestments it needs to be an asset-light and faster-growing company. The shares are currently down +50% from its YTD-high, primarily due to the COVID-19 lockdown in China. Given the attractive price, we believe that there is an upside opportunity due to some various catalysts around the stock at present. As a result, we maintain our bullish stance on Uxin.
Catalyst
In summary, Uxin builds an end-to-end online platform for used car trading. It used to operate across two segments, 2B and 2C. 2B (business)