Qifu Technology: Still Positive Considering Favorable Guidance And Metrics
QFINQFIN(QFIN) Seeking Alpha·2024-06-04 23:18

XtockImages Elevator Pitch My rating for Qifu Technology, Inc. (NASDAQ:QFIN) is a Buy. The company's Q4 2023 top line performance and new $350 million share repurchase program were the focus of the prior March 15, 2024 update. With the latest write-up, I take a look at QFIN's Q2 2024 bottom line guidance and key operating metrics. There are favorable takeaways from Qifu Technology's metrics relating to its capital-light model transition, take rate, asset quality, and buybacks. My opinion is that QFIN is und ...