X Financial Stock (NYSE:XYF), Trade Ideas

X Financial

X Financial is a Cayman Islands-based technology-driven personal finance company. Along with its subsidiaries, the firm provides diversified investment opportunities to investors in China through its wealth management platform, Xiaoying Wealth Management. Loan products offered by the company include Xiaoying Card Loan, Xiaoying Preferred Loan, and Xiaoying Housing Loan. The company generates revenue from loan facilitation service, post-origination service, and guarantee services provided.

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Shares of  LuxUrban Hotels Inc.  (NASDAQ: LUXH) fell sharply during Wednesday’s session after the company issued preliminary fourth-quarter revenue outlook below estimates.

Why LuxUrban Hotels Shares Are Trading Lower By Around 27%? Here Are Other Stocks Moving In Wednesday&#39;s Mid-Day Session

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Editor&#39;s Note: Benzinga corrected the date within the MoneyLion section to reflect Thursday&#39;s trading action. Additionally, editors clarified that MoneyLion in its Nov 7 earnings report missed Wall Street expectations for revenue and full year guidance and that shares ended that day lower.



Top 4 Financial Stocks That May Implode This Quarter

ALAR

ANGN

DOMO

DSGN

EFTR

ELBM

ELEV

GERN

GPCR

HIBB

HSCS

ITOS

NDRA

ONCY

ONFO

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Citigourp Global Markets 2% Protected Notes Linked To The Djia

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Market Index Target Term Securities Linked To The Dow Jones Industrial Average

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Gainers


	Onfolio Holdings, Inc. (NASDAQ: ONFO) gained 73% to $2.02 after the company announced it completed development of a generative AI search tool.


Why Hibbett Shares Are Trading Lower By 10%? Here Are Other Stocks Moving In Friday&#39;s Mid-Day Session

X Financial American Depositary Shares, each representing six Class A Ordinary Shares

AWIN

AERWINS Technologies Shares Resume Trade

Evercore ISI Group maintains Teladoc Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDOC#NYSE">TDOC</a>) with a In-Line and lowers the price target from $15 to $14.

Price Target

Analyst Ratings

TDOC

Evercore ISI Group Maintains In-Line on Teladoc Health, Lowers Price Target to $14

TD Cowen analyst John Blackledge maintains Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) with a Buy and raises the price target from $170 to $200.

GOOG

GOOGL

TD Cowen Maintains Buy on Alphabet, Raises Price Target to $200

Evercore ISI Group analyst Mark Mahaney maintains Snap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) with a In-Line and raises the price target from $13 to $14.

SNAP

Evercore ISI Group Maintains In-Line on Snap, Raises Price Target to $14

Evercore ISI Group analyst Eric Serotta maintains Boston Beer Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAM#NYSE">SAM</a>) with a In-Line and raises the price target from $310 to $325.

Evercore ISI Group Maintains In-Line on Boston Beer Co, Raises Price Target to $325

ACM Research Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACMR#NASDAQ">ACMR</a>) shares are trading lower on Friday after the company announced preliminary unaudited&nbsp;<a href="https://www.benzinga.com/pressreleases/24/04/g38454367/acm-research-announces-preliminary-unaudited-revenue-and-shipments-for-the-first-quarter-2024" target="_blank" rel="noreferrer noopener">revenue and shipments for the first quarter.</a>
The company registered preliminary unaudited revenue for the first quarter of 2024 of $150 million to $152 million versus&nbsp;the estimate&nbsp;of $152.41 million.&nbsp;This&nbsp;represents&nbsp;<a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">year-over-year growth of 102% to 105%</a>.
The company said preliminary total shipments&nbsp;are expected&nbsp;to be&nbsp;in the range of&nbsp;$235 million to $240 million,&nbsp;which would represent&nbsp;year-to-year growth of 163% to 169%.
ACM Research&nbsp;reaffirmed&nbsp;full year&nbsp;2024 revenue outlook in the range of $650 million to $725 million versus $701.7 million,&nbsp;which would&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">represent&nbsp;year-to-year growth of 17% to 30%.</a>
According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>, ACM Research stock has gained over 117% in the past year. Investors can gain exposure to the stock via Invesco Semiconductors ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSI#NYSE">PSI</a>) and Matthews China Discovery Active ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHS#NASDAQ">MCHS</a>).
ACMR Price Action:&nbsp;ACM Research shares are trading lower by 4.28% to $27.08 at publication Friday.&nbsp;
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38465570/snap-investors-celebrate-q1-earnings-but-analysts-arent-ready-to-party-just-yet-the">Snap Investors Celebrate Q1 Earnings, But Analysts Aren&#8217;t Ready To Party Just Yet: &#8216;The Most Expensive Name In Social&#8217;</a>

Equities

General

ACMR

MCHS

PowerShares Exchange-Traded Fund Trust Dynamic Semiconductor Portfolio

Why ACM Research Shares Are Falling Today

AERWINS Technologies Shares Halted On Circuit Breaker To The Upside, Stock Now Up 73.4%

Evercore ISI Group maintains Patterson Cos (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDCO#NASDAQ">PDCO</a>) with a In-Line and lowers the price target from $28 to $27.

PDCO

Evercore ISI Group Maintains In-Line on Patterson Cos, Lowers Price Target to $27

Wedbush analyst Nick Setyan maintains Wingstop (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WING#NASDAQ">WING</a>) with a Outperform and raises the price target from $340 to $400.

WING

Wedbush Maintains Outperform on Wingstop, Raises Price Target to $400

Peoples Bancorp of NC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEBK#NASDAQ">PEBK</a>) reported quarterly earnings of $0.72 per share. This is a 28.57 percent increase over earnings of $0.56 per share from the same period last year. The company reported $19.34 million in sales this quarter. This is a 7.76 percent increase over sales of $17.95 million the same period last year.

Earnings

PEBK

Peoples Bancorp of NC Q1 EPS $0.72 Up From $0.56 YoY, Sales $19.34M Up From $17.95M YoY

Evercore ISI Group analyst Greg Melich maintains O'Reilly Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORLY#NASDAQ">ORLY</a>) with a Outperform and lowers the price target from $1220 to $1200.

ORLY

Evercore ISI Group Maintains Outperform on O'Reilly Automotive, Lowers Price Target to $1200

Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shares are trading higher Friday. Several AI-related and chip stocks are rising following better-than-expected earnings from Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38441148/metas-q1-earnings-analysts-say-support-its-ai-strategy-use-meta-as-a-source-of-fund">increased its capex outlook.&nbsp;</a>
The Details:
Microsoft delivered better-than-expected first-quarter results Thursday, and Microsoft CEO Satya Nadella highlighted <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38465071/microsoft-q3-shines-light-on-ai-innovation-cycle-analysts-see-plenty-of-runway-for-">strong demand </a>for the company's offerings, particularly in the field of artificial intelligence (AI).
Meta also reported strong first-quarter results this week and raised its capital expenditures outlook amid the company's increased efforts in AI.
Wedbush analyst Dan Ives expressed his <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38463199/dan-ives-says-ai-is-the-fourth-industrial-revolution-after-robust-results-from-micr">excitement </a>about the strong results from Microsoft and Alphabet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) and emphasized the need for increased AI spending, as companies shift towards the "fourth industrial revolution."
Nvidia shares have gained nearly 15% over the past five days after dropping 10% last Friday in the stock's largest one-day loss since 2020.&nbsp;
Related News: <a href="https://www.benzinga.com/news/earnings/24/04/38445632/snap-shares-soar-on-better-than-expected-q1-results-daily-active-user-growth-q2-revenue-guidance">Snap Shares Soar On Better-Than-Expected Q1 Results, Daily Active User Growth, Q2 Revenue Guidance</a>
<h2 class="wp-block-heading">Should I Sell My NVDA Stock? </h2>
Whether to sell or hold a stock largely depends on an investor's strategy and risk tolerance. Swing traders may sell an outperforming stock to lock in a capital gain, while long-term investors might ride out the turbulence in anticipation of further share price growth.
Similarly, traders willing to minimize losses may sell a stock that falls a certain percentage, while long-term investors may see this as an opportunity to buy more shares at a discounted price.
Shares of Nvidia have gained 214.76% year to date. This compares to the average annual return of 74.89%, meaning the stock has outperformed its historical averages. Investors can compare a stock's movement to its historical performance to gauge whether this is a normal movement or a potential trading opportunity. 
Investors may also consider market dynamics. The Relative Strength Index can be used to indicate whether a stock is overbought or oversold. Nvidia stock currently has an RSI of 46.67, indicating neutral conditions.
For analysis tools, charting data and access to exclusive stock news, check out <a href='https://pro.benzinga.com/'>Benzinga PRO. Try it for free.</a> 
NVDA Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Nvidia shares are up 5.91% at $875.16 at the time of publication Friday.
Image: Shutterstock

MSFT

NVDA

What's Going On With Nvidia's Stock?

Evercore ISI Group analyst Ross Muken maintains Icon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICLR#NASDAQ">ICLR</a>) with a Outperform and lowers the price target from $350 to $330.

ICLR

Evercore ISI Group Maintains Outperform on Icon, Lowers Price Target to $330

WIIM

MOG/A

Moog shares are trading lower after the company reported worse-than-expected Q2 financial results and raised its FY24 guidance above estimates.

Evercore ISI Group analyst Jonathan Chappell maintains Hub Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUBG#NASDAQ">HUBG</a>) with a Outperform and lowers the price target from $46 to $44.

HUBG

Evercore ISI Group Maintains Outperform on Hub Group, Lowers Price Target to $44

Phillips 66 Expects Gasoline, Diesel Demand To Remain Flat In 2024

Macro Economic Events

Econ #s

Economics

U.S. Baker Hughes Oil Rig Count -5; U.S. Baker Hughes Gas Rig Count -1; U.S. Baker Hughes Total Rig Count 613 Vs 619 Prior

Trump Media & Technology Group shares are trading higher as the stock continues to experience volatility.

Wedbush analyst Nick Setyan maintains Wendy's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WEN#NASDAQ">WEN</a>) with a Neutral and raises the price target from $19 to $20.

Wedbush Maintains Neutral on Wendy's, Raises Price Target to $20

Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) shares are trading higher Friday as AI and chip stocks gain following <a href="https://www.benzinga.com/news/earnings/24/04/38444199/microsoft-q3-earnings-revenue-beat-eps-beat-new-era-of-ai-transformation-and-more">Microsoft Corporation's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) earnings.</a>
The Details:
Microsoft delivered better-than-expected earnings after the bell Thursday. Microsoft CEO Satya Nadella highlighted <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38465071/microsoft-q3-shines-light-on-ai-innovation-cycle-analysts-see-plenty-of-runway-for-">strong demand </a>for the company's offerings, particularly in the field of artificial intelligence (AI).
SMCI shares also rose Thursday after Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) reported its <a href="https://www.benzinga.com/news/earnings/24/04/38430266/meta-platforms-stock-is-tumbling-thursday-whats-going-on">first-quarter</a> results and increased its capital expenditures outlook amid the company's AI efforts.
SMCI is set to report its third-quarter financial results after the bell on April 30 and will host a conference call to discuss the results at 5:00 p.m. ET the same day. According to estimates from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, analysts expect the company to report earnings of $5.84 per share and quarterly revenue of $3.99 billion.&nbsp;
The company has beat analysts expectations for the last three reported quarters.&nbsp;
Related News: <a href="https://www.benzinga.com/news/earnings/24/04/38445632/snap-shares-soar-on-better-than-expected-q1-results-daily-active-user-growth-q2-revenue-guidance">Snap Shares Soar On Better-Than-Expected Q1 Results, Daily Active User Growth, Q2 Revenue Guidance</a>
<h2 class="wp-block-heading">SMCI Stock Prediction 2024: </h2>
Equity research can be a valuable source of information for learning about a company's fundamentals. Analysts create financial models based on the fundamentals and expected future earnings of a company to arrive at a price target and recommendation for the stock.
Shares of Super Micro Computer have an average 1-year price target of $961.13, representing an expected upside of 14.51%.
Because of differences in assumptions, analysts can arrive at very different price targets and recommendations. 1 analyst has a bearish recommendation on Super Micro Computer, while 10 analysts have bullish ratings. The street high price target from Loop Capital is $1500, while the street low from Susquehanna is $250.
SMCI Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Super Micro Computer shares are up 7.46% at $846.17 at the time of publication Friday.
Image: Courtesy of Super Micro Computer, Inc.

SMCI

What's Going On With Super Micro Computer Stock?

This year, China's economy is expected to expand at an increased pace and continue on an upward track. Therefore, it appears wise to invest in robust A-rated China stocks China Automotive Systems (CAAS), LexinFintech Holdings (LX), and X Financial (XYF) this year for solid returns. Read on… Anticipating accelerated expansion in 2024, China's economy signals an upward trajectory. Hence, it seems wise to consider investing in strong China stocks, China Automotive Systems, Inc. (<a href="https://stocknews.com/stock/CAAS/">CAAS</a>), LexinFintech Holdings Ltd. (<a href="https://stocknews.com/stock/LX/">LX</a>), and X Financial (<a href="https://stocknews.com/stock/XYF/">XYF</a>), for potential gains this year. These stocks are rated A (Strong Buy) in our proprietary <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> system.
Before delving into the fundamentals of the stocks, let's look into the prospects of China's economy.
This year, China's economy stands at a crucial juncture, marked by cautious optimism and strategic shifts in the face of challenges. Despite obstacles, China is actively spearheading <a href="https://www.gfmreview.com/world/china-s-2024-economic-outlook-navigating-challenges-and-shaping-strategic-growth">substantial economic reforms</a> to enhance its trajectory and overcome prevailing difficulties.
Analysts are predicting a favorable trajectory for the nation's stability, anticipating heightened investments, ongoing consumer recovery, and potential export enhancements. Their optimism stems from robust year-on-year growth rates across diverse sectors, as indicated by November data from the National Bureau of Statistics.
In November, there was <a href="https://www.chinadaily.com.cn/a/202312/19/WS65813eefa31040ac301a87b6.html">an escalation in growth rates</a> for industrial value-added output, service sector production, total retail sales of consumer goods, and fixed-asset investment, surpassing the figures recorded in October.
According to Yang Delong, Chief Economist of First Seafront Fund, the positive trajectory of China's economy remains unaltered. The nation's economic revival is accompanied by significant strides in high-quality development, characterized by advancements in constructing a modern industrial system and breakthroughs in technological innovation.
Chinese Communist Party's finance and economy office officials also anticipate 2024 to bring more favorable conditions and opportunities than challenges for the economy. Macroeconomic policies will persist in providing crucial support for ongoing economic recovery efforts.
A top government think tank, the Chinese Academy of Sciences (CAS), projects a potential <a href="https://www.scmp.com/economy/economic-indicators/article/3247925/chinas-economy-holds-real-potential-2024-think-tank-predicts-upbeat-53-gdp-growth">5.3% growth</a> for China's economy this year. Despite the World Bank's steadfast 4.5% projection in its latest report, CAS anticipates the stabilization of the world's second-largest economy in the same period.
Hong Yongmiao, Director of the CAS Centre for Forecasting Science, asserts that China could attain a higher growth rate by stabilizing market expectations. CAS envisions a gradual start, with a 5% growth rate in the first quarter, followed by an accelerated pace later in the year for China's economy.
Considering this encouraging outlook, let's look at the fundamentals of the three <a href="https://stocknews.com/category/china/">China</a> stocks.
Stock #3: China Automotive Systems, Inc. (<a href="https://stocknews.com/stock/CAAS/">CAAS</a>)
Based in Jingzhou, China, CAAS designs and markets automotive systems and components. The company manufactures rack and pinion power steering gears, power steering parts, sensor modules, automobile steering systems, columns, electronic, and hydraulic power steering systems and components for various vehicle types.
In terms of trailing-12-month EV/Sales, CAAS is trading at 0.08x, 93.5% lower than the industry average of 1.23x. Its trailing-12-month EV/EBITDA of 0.97x compares to the industry average of 10.91x. Additionally, the stock's trailing-12-month Price/Sales of 0.17x is 81.5% lower than the 0.91x industry average.
Over the past three years, CAAS' revenue and <a href="https://www.investopedia.com/terms/e/ebitda.asp">EBITDA</a> increased at a CAGR of 12.2% and 46.9%, respectively. Moreover, its tangible book value grew at a CAGR of 4.2%. Additionally, the company's total assets rose at a CAGR of 2% over the same time frame.
For the fiscal 2023 third quarter that ended September 2023, CAAS' gross profit grew 18.4% year-over-year to $24.76 million. Its income from operations rose 107.8% from the year-ago value to $10.15 million.
In addition, net income and net income attributable to the parent company's common shareholders per share increased 40.4% and 29.2% from the prior year's period to $11.24 million and $0.31, respectively.
Analysts expect CAAS' revenue to increase 4.7% year-over-year to $593.11 million for the fiscal year 2024. Shares of CAAS marginally gained intraday, closing the last trading session at $3.07.
CAAS' solid fundamentals are reflected in its POWR Ratings. The stock has an overall rating of A, which translates to a Strong Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
CAAS has an A grade for Value and a B for Growth, Stability, and Sentiment. It is ranked #7 out of 96 stocks within the A-rated <a href="https://stocknews.com/category/china/">China</a> industry.
In addition to the POWR Ratings I've highlighted, you can see CAAS' Quality and Momentum ratings <a href="https://stocknews.com/stock/CAAS/">here</a>.
Stock #2: LexinFintech Holdings Ltd. (<a href="https://stocknews.com/stock/LX/">LX</a>)
Headquartered in Shenzhen, China, LX provides online consumer finance services. It operates Fenqile.com, an online consumption and finance platform that facilitates installment purchases, personal installment loans, and online direct sales with installment payment terms. Also, LX manages Le Hua Card, specializing in scenario-based lending.
In terms of forward non-GAAP P/E, LX is trading at 1.84x, 82.3% lower than the industry average of 10.38x. Its forward EV/Sales of 0.50x is 84.2% lower than the industry average of 3.20x. In addition, the stock's forward Price/Sales of 0.18x is 93.2% lower than the 2.65x industry average.
Over the past three years, LX's revenue and EBITDA grew at a CAGR of 2.3% and 12.2%, respectively. Furthermore, its net income and EPS increased at respective CAGRs of 31% and 32.9% during the same period.
For the fiscal 2023 third quarter that ended September 30, 2023, LX's total operating revenue increased 30.4% year-over-year to $480.94 million. Its gross profit grew 51.2% from the year-ago value to $185.90 million.
Furthermore, adjusted net income and adjusted net income per ordinary share attributable to ordinary shareholders of the company rose 26.2% and 34.5% from the prior year's period to $57.19 million and $0.16, respectively.
Analysts expect LX's revenue to increase 22.3% year-over-year to $1.76 billion for the fiscal year that ended December 2023. The company's EPS for the same period is expected to increase 34.9% from the previous year to $1.06. The stock has gained 13.7% over the past five days, closing the last trading session at $2.04.
LX's robust outlook is apparent in its POWR Ratings. The stock has an overall rating of A, which equates to a Strong Buy in our proprietary rating system.
LX has an A grade for Value and a B for Momentum, Quality, and Sentiment. It is ranked #4 out of 96 stocks within the China industry.
<a href="https://stocknews.com/stock/LX/">Click here</a> to access additional LX ratings for Growth and Stability.
Stock #1: X Financial (<a href="https://stocknews.com/stock/XYF/">XYF</a>)
Based in Shenzhen, China, XYF is a personal finance service provider operating as an online marketplace linking borrowers and investors. The company offers various loan products, including Xiaoying credit loans encompassing Xiaoying card loans, Xiaoying preferred loans for small business owners, and Xiaoying revolving loans.
In terms of trailing-12-month EV/Sales, XYF is trading at 0.14x, 95.6% lower than the industry average of 3.18x. Its trailing-12-month EV/EBITDA of 0.43x compares to the industry average of 11.63x. Furthermore, the stock's trailing-12-month Price/Sales of 0.32x is 88.2% lower than the 2.68x industry average.
Over the past three years, XYF's revenue increased at a CAGR of 28.8%. Its tangible book value grew at a CAGR of 15.2%. In addition, the company's total assets rose at a CAGR of 11.1% over the same time frame.
During the fiscal 2023 third quarter that ended September 30, 2023, XYF's total net revenue increased 56.1% year-over-year to $191.46 million. Its income from operations rose 44.7% from the year-ago value to $59.59 million.
Additionally, the company's adjusted net income and adjusted net income per share grew 62% and 80% from the prior year's period to $51.33 million and $0.17, respectively.
The stock has gained 9.2% over the past month, closing the last trading session at $4.17.
XYF's strong prospects are reflected in its POWR Ratings. The stock has an overall rating of A, which translates to a Strong Buy in our proprietary rating system.
XYF has an A grade for Value and a B for Growth, Stability, and Sentiment. It is ranked #3 within the same industry.
<a href="https://stocknews.com/stock/XYF/">Click here</a> to access the additional XYF ratings (Momentum and Quality).
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt; </a>

<hr />
LX shares were trading at $2.11 per share on Thursday morning, up $0.07 (+3.43%). Year-to-date, LX has gained 14.67%, versus a -0.48% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aanchal Sugandh</h2> <img src='https:/wp-content/uploads/2022/12/Aanchal-Sugandh_Headshot.jpg' style="float:left; padding:5px;width:125px;">Aanchal's passion for financial markets drives her work as an investment analyst and journalist. She earned her bachelor's degree in finance and is pursuing the CFA program.

She is proficient at assessing the long-term prospects of stocks with her fundamental analysis skills. Her goal is to help investors build portfolios with sustainable returns.<a href="https://stocknews.com/authors/?author=aanchal-sugandh">More...</a>The post <a href=https://stocknews.com/news/lx-xyf-caas-3-a-rated-china-stock-buys/>3 A-Rated China Stock Buys</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 A-Rated China Stock Buys

Despite the frail property sector, China's upbeat industrial output and retail sales mark a solid start for the year. Further, government officials vowed to transform its growth model in the face of various challenges. Hence, it could be ideal to invest in robust China stocks Trip.com Group (TCOM), Youdao (DAO), and X Financial (XYF) for potential profits. Read on… China witnessed a post-Covid rebound, with its economy growing by 5.2% last year, and is targeting "around 5%" in 2024. During a keynote speech at this year's two-day China Development Forum, Chinese Premier Li Qiang <a href="https://www.cnbc.com/2024/03/25/china-faces-fork-in-the-road-imf-chief-georgieva-says-cdf-forum.html">pledged efforts</a> to promote high-quality development, intensify macro-policy adjustments, and expand domestic demand.
Given this backdrop, it could be wise to consider buying fundamentally sound China stocks Trip.com Group Limited (<a href="https://stocknews.com/stock/TCOM/">TCOM</a>), Youdao, Inc. (<a href="https://stocknews.com/stock/DAO/">DAO</a>), and X Financial (<a href="https://stocknews.com/stock/XYF/">XYF</a>) for potential returns.
Despite broad market concerns such as the ailing real estate market, falling global export demand, poor consumer confidence, and high debt levels, <a href="https://www.scmp.com/economy/economic-indicators/article/3247925/chinas-economy-holds-real-potential-2024-think-tank-predicts-upbeat-53-gdp-growth">China's economy is sturdy, with 5.3% growth</a> this year, per a top government think tank.
The Chinese Academy of Sciences (CAS) said the world's second-largest economy is likely to stabilize in 2024 in its annual economic outlook. The CAS anticipates that China will have a slow start, initially at 5%, with its growth pacing as the year progresses, strongly driven by domestic consumption and investment.
While its property sector continues to suffer, China's <a href="https://www.cnbc.com/2024/03/18/china-retail-sales-industrial-data-for-first-2-months-beats-expectations.html">factory output and retail sales surpassed estimates</a> in the January-February period. Retail sales grew 5.5%, higher than the 5.2% rise forecast, while its industrial production rose 7%, compared with the expectations of 5.5% growth. Also, fixed asset investment increased by 4.2%, better than the 3.2% forecast.
Besides, China's <a href="https://www.mct.gov.cn/">Ministry of Culture and Tourism</a> reported that about 474 million domestic trips were made during the eight-day Lunar New Year festival, reflecting a 34.3% jump from a year earlier. Also, as per the data, tourists spent around RMB 632.7 billion ($87.95 billion) on domestic holiday trips, a 47.3% year-over-year growth.
The notable spike showcases that <a href="https://www.cnbc.com/2024/02/19/china-lunar-new-year-holiday-travel-spending-surpasses-pre-covid-levels.html">China's travel activity</a> and spending have jumped above pre-pandemic levels during the holiday. It further indicates that consumption levels are improving in the world's prominent economy.
The Chinese economy is taking cautious measures to stimulate growth while refraining from making bold moves. The <a href="https://www.nytimes.com/2024/03/04/business/china-gdp-target.html">fiscal deficit has been set at 3%</a> of economic input, the same target as last year. The government increased the previous year's deficit to 3.8% to allow for additional borrowing, and it has indicated that a similar adjustment could occur again in 2024.
The more the government borrows, the more it can spend on initiatives that could boost the economy.
In light of these encouraging trends, let's look at the fundamentals of the three best <a href="https://stocknews.com/category/china/">China</a> stocks, beginning with number 3.
Stock #3: Trip.com Group Limited (<a href="https://stocknews.com/stock/TCOM/">TCOM</a>)
Headquartered in Shanghai, China, TCOM is a travel service company that offers accommodation reservation, transportation ticketing, packaged tours and in-destination, corporate travel management, and other travel-related services worldwide. The company operates under the Ctrip, Qunar, Trip.com, and Skyscanner brands.
In February 2024, TCOM experienced a significant international and inbound travel surge due to the Lunar New Year activities. Its international travel grew more than ten times with the relaxed visa policies, particularly to Asian destinations. Also, its inbound travel to China increased considerably, making it one of its busiest travel seasons.
On November 25, 2023, TCOM announced an expansion of the scope of its unilateral visa-free policy for ordinary passport holders from six countries: France, Germany, Italy, the Netherlands, Spain, and Malaysia. The new policy has been implemented to facilitate more accessible travel and promote closer ties with the countries involved.
For the fourth quarter that ended December 31, 2023, TCOM's total revenue rose 105% year-over-year to $1.46 billion. The company's gross profit grew 117.2% from the year-ago value to $1.17 billion. Also, non-GAAP net income attributable to TCOM and non-GAAP EPS came in at $376 million and $0.56, up 437.1% and 426.3% from the prior year's quarter, respectively.
Furthermore, the company's <a href="https://www.investopedia.com/terms/a/adjusted-ebitda.asp">adjusted EBITDA</a> increased 898.2% year-over-year to $401 million.
Analysts expect TCOM's revenue and EPS for the first quarter (ending March 2024) to increase 25.9% and 34.4% year-over-year to $1.62 billion and $0.58, respectively. Moreover, the company has topped consensus revenue estimates in all four trailing quarters, which is impressive.
Shares of TCOM have surged 24.7% over the past six months and 23.7% over the past year to close the last trading session at $44.68.
TCOM's bright prospects are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
The stock has an A grade for Sentiment and a B grade for Quality. It is ranked #9 among 40 stocks within the <a href="https://stocknews.com/category/china/">China</a> industry.
To see the other ratings of TCOM for Growth, Value, Momentum, and Stability, <a href="https://stocknews.com/stock/TCOM/">click here</a>.
Stock #2: Youdao, Inc. (<a href="https://stocknews.com/stock/DAO/">DAO</a>)
Based in Hangzhou, DAO is an internet technology company offering online services in the field of content, community, communication, and commerce in China. The company operates through three segments: Learning Services; Smart Devices; and Online Marketing Services. It provides online knowledge tools, learning services, STEAM courses, and smart devices.
DAO's trailing-12-month gross profit margin of 51.35% is 43.5% higher than the industry average of 35.79%. Further, the stock's trailing-12-month asset turnover ratio of 2.73x is considerably higher than the industry average of 1.00x.
In terms of forward Price/Sales, DAO is trading at 0.56x, 40.1% lower than the industry average of 0.93x. Also, the stock's forward EV/Sales multiple of 0.73 is 40.9% lower than the industry average of 1.24.
During the fourth quarter that ended December 31, 2023, DAO's total net revenues increased marginally year-over-year to $208.53 million, of which its online marketing services revenue grew 96.9% year-over-year to $66.78 million. Its gross profit for the quarter came in at $104.06 million.
Additionally, non-GAAP net income from continuing operations attributable to ordinary shareholders of the company increased 122.6% from the prior year's quarter to $9.76 million.
Street expects DAO's revenue for the first quarter (ending March 2024) to grow 12% year-over-year to $184.09 million. Also, for the fiscal year 2024, the company's revenue is expected to increase 14.5% year-over-year to $858.33 million. Also, the company topped the consensus EPS estimates in each of the trailing four quarters.
Over the past six months, DAO's stock has soared 3.5% to close the last trading session at $3.84.
DAO's POWR Ratings reflect its bright prospects. The stock has an overall B rating, translating to a Buy in our proprietary rating system.
The stock has a B grade for Sentiment, Growth, and Value. DAO is ranked #4 among 40 stocks within the same industry.
To check other ratings of DAO for Stability, Momentum, and Quality, <a href="https://stocknews.com/stock/DAO/">click here</a>.
Stock #1: X Financial (<a href="https://stocknews.com/stock/XYF/">XYF</a>)
XYF, based in Shenzhen, China, offers personal finance services. It provides services as an online marketplace connecting borrowers and investors. The company's loan products consist of Xiaoying credit loan, Xiaoying revolving loan, and Xiaoying housing loan. Also, it offers investment products via Xiaoying wealth management platform.
XYF's trailing-12-month EBIT margin and net income margin of 32.70% and 27.80% favorably compared to the respective industry averages of 22.64% and 23.70%. Similarly, the stock's trailing-12-month ROCE of 24.83% is 127.1% higher than the industry average of 10.93%.
In terms of  trailing-12-month Price/Sales, XYF is trading at 0.36x, 86.2% lower than the industry average of 2.58x. Furthermore, the stock's trailing-12-month EV/EBITDA multiple of 0.54 is 95.5% lower than the 12.19 industry average. Likewise, its trailing-12-month Price/Book of 0.29x compared to the industry average of 1.12x.
XYF's net revenue increased 56.1% year-over-year to $191.46 million during the third quarter that ended September 30, 2023. The company's income from operations rose 44.7% from the year-ago value to $59.59 million. Its non-GAAP adjusted net income came in at $51.33 million and $0.17 per share, up 62% and 80% year-over-year, respectively.
In addition, the company's cash and cash equivalents were $195.71 million as of September 30, 2023, and its total assets came in at $1.53 billion.
XYF's stock has gained 13.3% over the past month and 66.7% over the past year to close the last trading session at $4.68.
XYF's sound fundamentals are reflected in its POWR Ratings. The stock has an overall rating of A, which translates to a Strong Buy in our proprietary rating system.
The stock has an A grade for Value and a B for Sentiment, Growth, and Stability. Within the China industry, XYF has topped among 45 stocks.
<a href="https://stocknews.com/stock/XYF/">Click here</a> to access additional ratings of XYF for Momentum and Quality.
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TCOM shares rose $0.47 (+1.05%) in premarket trading Tuesday. Year-to-date, TCOM has gained 25.38%, versus a 10.11% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Mangeet Kaur Bouns</h2> <img src='https:/wp-content/uploads/2022/01/Mangeet-Kaur-Bouns_Image-4.jpg' style="float:left; padding:5px;width:125px;">Mangeet's keen interest in the stock market led her to become an investment researcher and financial journalist. Using her fundamental approach to analyzing stocks, Mangeet's looks to help retail investors understand the underlying factors before making investment decisions.<a href="https://stocknews.com/authors/?author=mangeet-kaurbouns">More...</a>The post <a href=https://stocknews.com/news/tcom-dao-xyf-3-china-stocks-heading-towards-future-profits/>3 China Stocks Heading Towards Future Profits</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 China Stocks Heading Towards Future Profits

X Financial Non-GAAP EPS of RMB 4.68

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
X Financial (NYSE:<a href="https://investorplace.com/stock-quotes/xyf-stock-quote/">XYF</a>) just reported results for the fourth quarter of 2023.<ul><li>X Financial reported earnings per share of 66 cents.</li><li>The company reported revenue of $167.98 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/03/xyf-stock-earnings-x-financial-for-q4-of-2023/">XYF Stock Earnings: X Financial Reported Results for Q4 2023</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

XYF Stock Earnings: X Financial Reported Results for Q4 2023

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X Financial (XYF) Q4 2023 Earnings Call Transcript

X Financial ADR (XYF) said after close Tuesday that it earned $0.66 per share in quarter four 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods. The company reported $168 million in revenueIn the same quarter a year ago, the company earned $

X Financial ADR Down 21.04% To $3.64 After Earnings

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Press Releases

X Financial to Report First Quarter 2023 Financial Results on May 25, 2023

X Financial Reports First Quarter 2023 Unaudited Financial Results

X Financial to Report Second Quarter 2023 Financial Results on August 29, 2023

X Financial Reports Second Quarter 2023 Unaudited Financial Results

X Financial to Report Third Quarter 2023 Financial Results on November 22, 2023

X Financial to Hold Annual General Meeting on December 22, 2023

X Financial Reports Third Quarter 2023 Unaudited Financial Results

X Financial to Report Fourth Quarter and Fiscal Year 2023 Financial Results on March 27, 2024

X Financial Reports Fourth Quarter and Fiscal Year 2023 Unaudited Financial Results

Legal

Investigation of X Financial (XYF) Announced by Holzer & Holzer, LLC

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