LX 241018 2.50C (LX241018C2500) Stock Options, News & Quotes

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LexinFintech

May 24 09:59

Lexin 2024Q1 EarningsConference Call

LexinFintech

Mar 21 09:58

Lexin 2023Q4&Full Year Earnings Conference Call

AmyNic

Jan 9, 2023 23:01

eyes

$LexinFintech (LX.US)$

Jeff Boyd

Sep 23, 2022 18:43

Wall Street Journal Article

$FinVolution (FINV.US)$ $Lufax (LU.US)$ $LexinFintech (LX.US)$ $Qifu Technology (QFIN.US)$
https://www.wsj.com/articles/chinas-internet-lenders-feel-pain-of-economic-slowdown-11663925403?mod=lead_feature_below_a_pos1
Doesn't really say anything that anyone following these companies doesn't already know.
China’s internet-lending companies face rising credit costs and a tougher environment for new loans due to the country’s slowing economy.
Shares of U.S.-listed Ltd., Inc....

paladinsir : WSJ can be biased at times.https://tradingeconomics.com/china/loans-to-private-sector
See for yourself. If no lockdowns, the loan sum to private sector is average. In fact, if western nations going to charge 4% interest, it may be worth it to loan from China and transfer overseas to fund operations

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Jeff Boyd OP paladinsir : Believe an RMB loan from a PRC firm/person to a US person would violate capital controls but with the proper approvals there would be a good arguments to do so. Big exchange risks but one could probably hedge it away; would be interesting to see the cost of doing so.

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paladinsir Jeff Boyd OP : No need to US, HKD is pegged to USD, to HKD will do. HK is part of a China, no capital control to HK

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paladinsir : HK interest rate same as US interest rate because the HKD is pegged to USD, so can borrow from Chinese Banks through Lufax and deposit in HK bank

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Jeff Boyd OP paladinsir : HK doesn't have much of anything to do with these companies. They are doing business in RMB. The decline in RMB relative to the USD translates directly into lower value for shareholders but the big risks are (1) PRC (excluding HK) has a bunch of loan defaults, (2) PRC changes policies applicable to loan facilitators, (3) businesses/individuals stop borrowing or (4) the banks stop buying the loans. There are other risks too such as a potential US or HK shareholder can now put their money in a bank and get 3-4% where a year ago they got practically nothing so they are less likely to buy shares in anything.

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Analysts Notebook

Jun 1, 2022 18:51

Columns Top upgrades and downgrades on 6/1

Upgrades
• $Blueprint Medicines (BPMC.US)$ : Jefferies Upgrades to Buy from Hold - PT $78 (from $88)
• $CatchMark Timber Trust Inc (CTT.US)$ : Raymond James Upgrades to Market Perform from Underperform
• $Danaher (DHR.US)$ : RBC Capital Upgrades to Outperform from Sector Perform - PT $310 (from $299)
• $Enanta Pharmaceuticals (ENTA.US)$ : Evercore ISI Upgrades to In Line from Underperform - PT $39 (from $35)
• $FEMSA (FMX.US)$ : Bradesco BBI Upgrades to Outperform f...