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.
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