360 DigiTech, An Even Cheaper Chinese Tech Stock Than Alibaba

  • Solid growth, a 30% profit margin, a 9.5% dividend yield, an iron-clad balance shield, and a P/E of just over 2x, nothing of this seems to matter.
  • Large parts of the company growing fast like the capital-light part and the more recent SME part, the capital heavy part isn’t growing much, and this is a deliberate shift.
  • Not regulation, nor the threat of delisting seems to be the root cause, but a wider geopolitical concern and investors selling at any price.
  • Looking for more investing ideas like this one? Get them exclusively at SHU Growth Portfolio. Learn More »