360 DigiTech Stock News

Chinese AI stock Qifu Technology is breaking out above a new buy point and into new highs. The stock boasts the bullish RS Line Blue Dot.

Qifu Technology's Q3 2024 performance shows strong revenue growth, a significant increase in net income, and an expanding user base, reinforcing my "Strong Buy" rating. Qifu's business model leverages AI, ML, and big data to evaluate borrowers, targeting young urban Chinese professionals, resulting in profitable and expanding market share. The stock is undervalued with a forward P/E GAAP ratio ...

Qifu Tech is resilient despite Qihoo 360's inclusion on the US DoD CMC list; potential sanctions on owners could impact QIFU's share price. QFIN's 3Q24 results show strong loan growth, improved asset quality, and prudent risk management, with net income well ahead of consensus. The company offers a compelling valuation at 5.5x 2025E P/E and a 12% combined buyback and dividend yield, ideal for y...

If you've made it this far, you've passed the test. Chinese stocks aren't very popular with stateside investors these days.

Some of the hottest stocks of 2024 may surprise you. A few more than 100 stocks with market caps north of $2 billion doubled over the past year.

SHANGHAI, China, Dec. 30, 2024 (GLOBE NEWSWIRE) -- Qifu Technology, Inc. (NASDAQ: QFIN; HKEx: 3660) (“Qifu Technology” or the “Company”), a leading Credit-Tech platform in China, today provided updates on its share repurchase plans.

Qifu Technology has shown strong performance with a 140% YoY stock return, driven by its capital-light platform services and improved profitability. The company's Q3 2024 results exceeded expectations, with significant growth in net income, ROE and user acquisition, highlighting its operational efficiency and strategic focus. QFIN's low P/E ratio and aggressive share buyback strategy still make...

China stock and fintech leader Qifu is rallying to new highs this week, taking out a buy point on the stock market today. The post Chinese Fintech Stock Qifu Hits Buy Point As Profit Growth Accelerates appeared first on Investor's Business Daily.