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Recent 5.9% Pullback Isn't Enough to Hurt Long-term Qifu Technology (NASDAQ:QFIN) Shareholders, They're Still up 102% Over 5 Years
US stocks closed with the Dow falling more than 1% ending a six-day consecutive rise, while the Russell 2000 fell nearly 2%; Taiwan Semiconductor narrowly rose, and Nvidia rose nearly 3%.
Nasdaq and S&P fell more than 1% in intraday trading, and the Dow fell 1.3%, halting its six-day winning streak without reaching a new high. Russell small-cap stocks, which had been overbought to their highest level since 2017, have fallen for two consecutive days.
Qifu Technology, Inc.'s (NASDAQ:QFIN) Subdued P/E Might Signal An Opportunity
Late night surge! The renminbi and A50 rose, and China concept stocks rose across the board, while gold and silver soared.
Tonight, the U.S. June CPI data was released, showing that inflation in the United States has cooled across the board.
Under steady operation, Qifu Technology-S (03660) has obtained a high return on investment for its shareholders. China International Capital Corporation is bullish on the stock, with a potential increase of nearly 50% in stock price.
The fintech industry is becoming a market consensus that investors should focus on, not only because industry regulation is coming to an end, and regulatory environment tends to stabilize and normalize, but also because financial institutions have relatively strong demand for high-quality consumer credit assets as the growth rate of residential mortgages declines, and their willingness to cooperate with leading credit technology companies has significantly increased. In addition, the rapid development of AI is leading a new round of financial innovation, and the ceiling of the industry may be opening up. Throughout China's entire fintech industry, the most noteworthy is Qifu Technology-S(03660), which operates steadily and has become the largest domestic operation.
Qifu Technology (03660.HK): Steady operation and sustainable high shareholder return, laying out at the right time.
We are bullish on the company's continuous valuation recovery under stable operations and sustainable high shareholder returns. The reason being qifu technology is a leading credit technology company that has been through the test of time and has stable operations. Since its inception, qifu technology has been accompanied by the consumer finance industry.
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