Qifu Technology Watchlist

The Chinese Lending Platform Company Qifu Impresses With Strong Quarterly Results Again and Remains Unfazed by Current Market Turbulence!

A. Haslinger
Reading Time: 1 minute

Last summer, I drew attention to the Chinese company Qifu at prices around $20. Since then, the stock has steadily risen without significant pullbacks and is now close to its all-time high at $46. I believe the stock could go much higher. The Chinese lending platform company once again impressed with a strong forecast on March 17.   While both revenue and profit exceeded estimates for the fourth quarter, the net profit for the first quarter is expected to grow a substantial 58% year-on-year to between CNY 1.8 billion and CNY 1.9 billion....

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