Aug. 19 at 10:16 PM
$QFIN Wall Street loves to play favorites. Take QFIN, one of the most profitable, efficient fintechs out there. Solid balance sheet, real earnings, disciplined growth, buybacks, growing dividends, etc.... And yet, it trades at laughably low multiples, dumped by the same market that throws sky-high valuations at US fintechs like SoFi, companies burning cash as if it were free.
If QFIN had a US ticker, it would be paraded around at 10x, 20x, maybe more. Instead, because it’s Chinese, the market treats it like a child that can’t be trusted. That disconnect says less about QFIN, and more about Wall Street’s double standards.
For those who can see through the noise: the inefficiency isn’t a risk, it’s the opportunity.
