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QFIN

Qifu Technology (QFIN) AnalysisCompany Overview: Qifu Technology NASDAQ:QFIN is a prominent digital financial services provider in China, offering a broad range of loan products and financial services through its growing platform. The company has built a robust consumer base, connecting millions of users with over 160 financial institutions, ensuring strong diversification and market leadership. Key Growth Drivers Platform Growth: 254.3 Million Consumers (As of Sept 30, 2024): Qifu's impressive growth, with an 11.6% year-over-year increase in consumer connections, underscores the expanding adoption of its services. This large and growing user base reflects strong demand for digital financial solutions in China. Diversified Loan Products: Qifu’s partnerships with 162 financial institutions provide access to a wide variety of loan products, helping to attract a broad customer base and drive increased revenue through a diverse range of offerings. Management Confidence: $450 Million Share Repurchase Plan (2025): The announcement of a significant share repurchase program indicates strong confidence from management in the company's future prospects and suggests that Qifu's stock may be undervalued at current levels. This initiative is likely to boost shareholder value and enhance investor sentiment. Strategic Growth Focus: The share buyback also demonstrates a commitment to shareholder returns and signals management's belief in the company's long-term growth potential. Market Leadership and Financial Strength: Positioning as a Market Leader: Qifu's leadership in the digital financial services sector is reinforced by its strong partnerships and growing consumer base, giving it a competitive edge in a rapidly expanding market. Revenue Growth: Qifu’s ability to generate revenue through its loan products and financial services will continue to expand as the platform connects more consumers and diversifies its offerings. Investment Thesis: Qifu Technology is well-positioned to capitalize on China’s growing digital financial services market, leveraging its vast consumer base, partnerships with financial institutions, and strategic buyback program. These factors, coupled with management’s confidence in the stock’s value, make Qifu an attractive investment opportunity. Bullish Case: Target Price Range: $67.00–$68.00 Entry Range: $32.00–$33.00 Upside Potential: The combination of strong consumer growth, solid partnerships, and management's strategic initiatives positions Qifu for significant upside potential in the coming quarters.
NASDAQ:QFINLong
by Richtv_official
QFIN, A journey to the new ATH ! QFIN has started a journey to the new ATH after a massive predicted decline ! How it will play from now on? Lets follow the prediction. Previous earning report stopped the declining move from ATH down to 16.01 low after a sharp ABC form of correction ( labeled wave (2)) around 0.786 Retracement of the completed cycle wave (1) . Today's earning report pushed it up above the minor high at 27.13 which I consider it as a low degree wave 1 of a newly started up going wave cycle (wave (3) ). If true our labeled wave (3) can reach to prices around 80 corresponding to 1.618 projection of wave (1). Of course it can go higher to around 118 relating to 2.618 projection of wave (1) but, we just consider the typical 1.618 projection for now which still give us a huge profit ! . It is worth to note in terms of timing chart is a schematic drawing. Please take it into consideration that in this predicted journey we will see lots of ups and downs , move ups and correction So, patience is a key if we want to take profit at proposed targets. Please be aware this analysis is not talking about entrance strategy or any entrance point. Like ENPH I think any entrance strategy with a reasonable patience can bring us a nice sweet profit. I am already in by taking out 24.43 minor high. Good luck my friends and wish you huge profits.
NASDAQ:QFINLong
by SaeedSajedi
1
360 DigiTech Announces Q2 2021 Financial ResultsDuring the six months through June, 360 DigiTech's (QFIN:NASDAQ) net profit was CNY 1.548 billion, representing an increase of 76.6% year-on-year. According to the performance report for Q2 2021: - The revenue was CNY 4.002 billion (up 19.8%). - The net profit was CNY 1.548 billion (up 76.6%) and the net profit margin was 38.7%. - The net income of credit driven services was CNY 2.441 billion, representing a year-on-year decrease of 20.8%. - The net income from platform services reached CNY 1.597 billion, achieving a year-on-year increase of 516.6%. - The financing income was CNY 488 million, showing a decrease of 22.3%. - The guaranteed debt release rose by 25.5%, with revenue reaching CNY 1.352 billion. - As of June 30, 2021, the 360 DigiTech's platform has connected with 108 financial institutions and 176 million consumers with potential credit demand, with a year-on-year increase of 18.1%. - The cumulative users of approved credit lines were 34.7 million (up 25.3%). The cumulative number of borrowers including repeat borrowers was 22.3 million (up 25.3%). In Q2, among the loans issued by the company's financial institutions, the contribution of duplicate borrowers was 88.7%. - The financial institution partners issued more than 27.71 million loans through the platform, with a total loan of CNY 88.452 billion, representing a year-on-year increase of 50.2%. Among them, the balance of loans for light capital and other technical solutions was CNY 58.187 billion (up 186.4%); the credit lines to small and micro enterprises was CNY 7.1 billion (up 22.4%). - The weighted average term of loans granted by financial institutions on 360 DigiTech's platform was about 10.66 months, compared with 9.57 months in the same period last year. - As of June 30, 2021, the 90 days+ default rate was 1.19%. - The total operating costs and expenses were CNY 2.148 billion, which shows a year-on-year decrease of 8.4% and a month on month increase of 5.2%. According to QFIN, the growth trend in the first half of the year will continue in the following part of the year. Therefore, the total amount of loan facilitation and issuance of the company in 2021 is expected to reach CNY 340 billion to CNY 350 billion, achieving a year-on-year increase of 38% to 42%.
NASDAQ:QFINLong
by EqualOcean
QFIN, Strong decilne is on the way !QFIN more than likely has completed a 5 wave motive rally and a high probability decline is on the way soon. Motive 5 wave rally was started from 6.37 USD on Mar 18th 2020 and made a huge progress up to 45 USD terminated on June 17th 2021. Price reacted well and beautifully to strong resistance at 45 USD consisting of 1.618 extension of wave 4 and 0.786 Fibo projection of wave 1-3. If true , decline to 30, 25,20 and 14 USD corresponding to 0.382 , 0.5 , 0.618 and 0.786 Retracements of mentioned rally is possible for now. Later we can choose among these Retracement levels based on internal structure of upcoming corrective wave. Stochastic indicator has already made a bearish reversal in daily time frame while it is in overbought zone in weekly. It suggests that 45 USD all time high may remain the last high for several weeks. My Recommendations: 1- If you are in the trade and you doubt about this analysis, use Multi Unit Trade Strategy and save some profits. It is a very powerful tool for risk management. 2. If you want to go long, Its is wise to wait for a correction completion. It is too risky to go long now. Trade smartly. Good luck everybody.
NASDAQ:QFINShort
by SaeedSajedi
6