BofA Securities initiated coverage on 360 DigiTech with a new price target
$QFIN
Finance: Consumer Services
Finance
BofA Securities initiated coverage of 360 DigiTech with a rating of Buy and set a new price target of $24.50
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/18/2023 | Buy | Nomura | |
| 7/6/2023 | $24.50 | Buy | BofA Securities |
| 9/29/2022 | $20.80 | Buy | China Renaissance |
SHANGHAI, China, Jan. 20, 2023 (GLOBE NEWSWIRE) -- 360 DigiTech, Inc. (NASDAQ:QFIN) ("360 DigiTech" or the "Company"), a leading Credit-Tech platform in China, today announced Mr. Yongjin Fu has tendered his resignation as a director of the Company for personal reasons, effective as of January 20, 2023. The board of directors of the Company (the "Board") has approved the appointment of Mr. Fan Zhao as an independent director of the Company, effective immediately. Mr. Fan Zhao will also serve on the audit committee of the Board as its member. In addition, the Board has approved the appointment of Mr. Gang Xiao as the chairperson of the audit committee of the Board, effective immediately. M
SHANGHAI, China, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Qifu Technology, Inc. (NASDAQ:QFIN, HKEx: 3660)) ("Qifu Technology" or the "Company"), a leading Credit-Tech platform in China, today announced its unaudited financial results for the third quarter ended September 30, 2024 and launched a new US$450 million share repurchase plan for 2025. Third Quarter 2024 Business Highlights As of September 30, 2024, our platform has connected 162 financial institutional partners and 254.3 million consumers*1 with potential credit needs, cumulatively, an increase of 11.6% from 227.9 million a year ago.Cumulative users with approved credit lines*2 were 55.2 million as of September 30, 2024, an increa
SHANGHAI, China, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Qifu Technology, Inc. (NASDAQ:QFIN, HKEx: 3660)) ("Qifu Technology" or the "Company"), a leading Credit-Tech platform in China, today announced that it will report its unaudited financial results for the third quarter ended September 30, 2024, after U.S. markets close on Tuesday, November 19, 2024. Qifu Technology's management team will host an earnings conference call at 7:30 PM U.S. Eastern Time on Tuesday, November 19, 2024 (8:30 AM Beijing Time on Wednesday, November 20, 2024). Conference Call Preregistration All participants wishing to join the conference call must pre-register online using the link provided below.
SHANGHAI, China, Sept. 27, 2024 (GLOBE NEWSWIRE) -- Qifu Technology, Inc. (NASDAQ:QFIN, HKEx: 3660))) ("Qifu Technology" or the "Company"), a leading Credit-Tech platform in China, today issues the following preliminary responses to the key claims made in a report (the "Report") by Grizzly Research, a short seller, on September 26, 2024. The Company believes that the Report is without merit and contains inaccurate information, flawed analyses, misleading conclusions and interpretations regarding information relating to the Company. Specifically: The SAMR (SAIC) Financial Data Used in the Report is Completely Wrong. The Report makes material mistakes in referring to incorrect financial
Business Outlook As macro-economic uncertainties continue to create headwinds to its operations, the Company intends to maintain a prudent approach in its business planning. The management will continue to purposely trim exposure to under-performing assets and focus on enhancing the profitability and efficiency of the Company's operations. As such, for the second quarter of 2024, the Company expects to generate a net income between RMB1.17 billion and RMB1.23 billion, representing a year-on-year growth between 7.0% and 12.5% and a non-GAAP net income*15 between RMB1.22 billion and RMB1.28 billion, representing a year-on-year growth between 6.4% and 11.6%. This outlook reflects the Company's
Qifu Technology (NASDAQ:QFIN) reported quarterly earnings of RMB7.58 per share which beat the analyst consensus estimate of RMB7.16 by 5.87 percent. This is a 28.04 percent increase over earnings of RMB5.92 per share from the same period last year. The company reported quarterly sales of RMB4.153 billion which missed the analyst consensus estimate of RMB4.213 billion by 1.42 percent. This is a 15.39 percent increase over sales of RMB3.599 billion the same period last year.
Key Takeaways: Lufax announced a massive special dividend of $2.42 per ADS, equal to about half of its Friday closing price of $4.48 The company slashed the size of its loan portfolio by 45% last year, and expects to reduce it by another 32% this year as it focuses on higher quality borrowers By Doug Young Online lender Lufax Holding Ltd. (NYSE:LU) just keeps getting smaller. First, the company underwent a radical transformation that saw its lending portfolio shrink by about nearly half in 2023, as it focused on higher-quality borrowers in a broader “de-risking” process. Now, Lufax’s cash pile is about to undergo a similar downsizing with its announcement of a massive special dividend
6-K - Qifu Technology, Inc. (0001741530) (Filer)
6-K - Qifu Technology, Inc. (0001741530) (Filer)
6-K - Qifu Technology, Inc. (0001741530) (Filer)
Nomura initiated coverage of 360 DigiTech with a rating of Buy
BofA Securities initiated coverage of 360 DigiTech with a rating of Buy and set a new price target of $24.50
China Renaissance resumed coverage of 360 DigiTech with a rating of Buy and set a new price target of $20.80
SHANGHAI, China, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Qifu Technology, Inc. (NASDAQ:QFIN, HKEx: 3660)) ("Qifu Technology" or the "Company"), a leading Credit-Tech platform in China, today announced its unaudited financial results for the third quarter ended September 30, 2024 and launched a new US$450 million share repurchase plan for 2025. Third Quarter 2024 Business Highlights As of September 30, 2024, our platform has connected 162 financial institutional partners and 254.3 million consumers*1 with potential credit needs, cumulatively, an increase of 11.6% from 227.9 million a year ago.Cumulative users with approved credit lines*2 were 55.2 million as of September 30, 2024, an increa
SHANGHAI, China, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Qifu Technology, Inc. (NASDAQ:QFIN, HKEx: 3660)) ("Qifu Technology" or the "Company"), a leading Credit-Tech platform in China, today announced that it will report its unaudited financial results for the third quarter ended September 30, 2024, after U.S. markets close on Tuesday, November 19, 2024. Qifu Technology's management team will host an earnings conference call at 7:30 PM U.S. Eastern Time on Tuesday, November 19, 2024 (8:30 AM Beijing Time on Wednesday, November 20, 2024). Conference Call Preregistration All participants wishing to join the conference call must pre-register online using the link provided below.
SHANGHAI, China, Sept. 27, 2024 (GLOBE NEWSWIRE) -- Qifu Technology, Inc. (NASDAQ:QFIN, HKEx: 3660))) ("Qifu Technology" or the "Company"), a leading Credit-Tech platform in China, today issues the following preliminary responses to the key claims made in a report (the "Report") by Grizzly Research, a short seller, on September 26, 2024. The Company believes that the Report is without merit and contains inaccurate information, flawed analyses, misleading conclusions and interpretations regarding information relating to the Company. Specifically: The SAMR (SAIC) Financial Data Used in the Report is Completely Wrong. The Report makes material mistakes in referring to incorrect financial
SC 13G - Qifu Technology, Inc. (0001741530) (Subject)
SC 13G - Qifu Technology, Inc. (0001741530) (Subject)
SC 13D/A - Qifu Technology, Inc. (0001741530) (Subject)