4 Reasons why I Expect Qifu to Outperform the Market in the Short Term!
The stock showed relative strength after strong quarterly numbers and is likely to break into a new all-time high soon.
The AI-driven approach allows Qifu to scale its lending business more rapidly and acquire new customers for less money.
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The credit platform operator has reported strong numbers for the umpteenth time and exceeded estimates, aiming to increase profits by 58% to CNY 1.8-1.9 billion in Q1. The up-gap has been defended despite the challenging market environment, demonstrating relative strength and is on the brink of breaking into a new all-time high. The 30-day collection rate improved, indicating that customers are repaying their loans more reliably, while the delinquency rate also continued to improve, suggesting better borrower quality and improved credit...
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