X Financial Resumes Growth As Regulatory Risks Abate

Oct. 25, 2023 5:39 AM ETX Financial (XYF) StockXYF8 Comments

Summary

  • X Financial operates a marketplace of financing and wealth management services for consumers in China.
  • The company's revenue growth has recently improved and it is profitable.
  • Regulatory risks remain a concern, but the stock may be worth considering for future investment.
  • I'm Neutral [Hold] on XYF for the near term.
  • Looking for more investing ideas like this one? Get them exclusively at IPO Edge. Learn More »

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A Quick Take On X Financial

X Financial (NYSE:XYF) operates a marketplace of financing and wealth management services for the Chinese market.

The company's topline revenue growth has been reignited in recent months, and the

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This article was written by

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Donovan Jones is a research specialist with 15 years of experience identifying opportunities for IPOs and public software companies.

He also leads the investing group IPO Edge, which offers actionable information on growth stocks through first-look IPO filings, previews on upcoming IPOs, an IPO calendar for tracking what’s on the horizon, a database of U.S. IPOs, and a guide to IPO investing to walk you through the entire IPO lifecycle - from filing to listing to quiet period and lockup expiration dates.

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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.

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