GBA Presents: House of Gummy-!

A QUESTION OF TIMING- We don't want too many Chinese names until they start paying off. Right now NIO & FNGR is the only winners really. I have a good amount of ATAT the hotel play & a tiny amount of PDD. Watching EH>


Hailing from China, Qifu Technology (NASDAQ:QFIN) is a data-driven, technology-empowered digital platform. From its corporate profile, Qifu enables financial institutions to provide better and more targeted products and services to a broader consumer base. The company also offers standardized risk management services, in the form of Software-as-a-Service (SaaS) modules to institutional clients.

Since the beginning of this year, QFIN tanked by almost 30%. Despite the facts as we know them.. or hope they are being given to us correctly....

The company’s three-year revenue growth rate is 22.5%, beating out 81.4% of sector players.

Despite the strong numbers, QFIN appears a bargain, priced at only 1.18 times trailing-year sales. Also, its price-earnings (PE) ratio sits at 4.34 times.
 
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