LexinFintech: Staying Bullish After Good Q1 Performance

The Value Pendulum
Investing Group Leader

Summary

  • LexinFintech achieved an earnings beat for Q1 2023 as a result of strong loan origination volume growth and good cost management efforts.
  • LX is expected to achieve loan origination volume and earnings growth on both a QoQ and a YoY basis in the second quarter.
  • I keep my Buy rating for LexinFintech unchanged, after evaluating LX's Q1 performance and Q2 prospects.
  • Looking for more investing ideas like this one? Get them exclusively at Asia Value & Moat Stocks. Learn More »

Chinese Coin, Good Fortune

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Elevator Pitch

I continue to assign a Buy rating to LexinFintech Holdings Ltd.'s (NASDAQ:LX) stock. In my prior article for LX written on March 15, 2023, I reviewed LexinFintech's financial performance for the fourth quarter of 2022.

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This article was written by

The Value Pendulum
12.86K Followers

The Value Pendulum is an Asian equity market specialist with over a decade of experience on both the buy and sell sides.

He is the author of the investing group Asia Value & Moat Stocks, providing ideas for value investors seeking investment opportunities listed in Asia, with a particular focus on the Hong Kong market. He hunts for deep value balance sheet bargains and wide moat stocks and provides a range of watch lists with monthly updates within his investing group.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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