Qifu Technology: Navigating Risk, Reward, And The DoD's Watchlist
Portfolio Pulse from
Qifu Technology remains resilient despite potential risks from Qihoo 360's inclusion on the US DoD CMC list. QFIN's strong 3Q24 results, including loan growth and improved asset quality, offer a compelling valuation for yield-seeking investors.
January 16, 2025 | 7:45 am
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Qifu Technology's strong 3Q24 results, including significant loan growth and improved asset quality, position it well despite potential risks from Qihoo 360's US DoD CMC list inclusion. The stock offers a compelling valuation and yield.
Qifu Technology's strong financial performance in 3Q24, with net income surpassing consensus, indicates robust business fundamentals. The potential impact of Qihoo 360's inclusion on the US DoD CMC list is a risk, but the company's valuation and yield are attractive to investors, likely supporting the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90