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Strategies & Market Trends : Value Investing

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From: Paul Senior	9/26/2024 10:38:11 AM
	of 78740

XYF. The Chinese authorities have recently loosened restrictions on borrowing. Some of this is being reflected in the prospects for big Chinese retailers, PDD, ALI, etc. which are up nicely the past few days. This loosening should also be beneficial to the Chinese credit supplier companies. I'm following several, and their stocks are up. I've a few shares of small XYF. I'm adding a bit more here. The stock's up, and I expect more either as a continuation now, or when the next quarter results are announced. The stock has about a 6% dividend yield. The thing is though, last quarter (before the loosening of restrictions) the $5 stock still earned over $1/sh -- and the stock has a current p/e of 1+. Chinese - credit loans--defaults to increase - cigar butt --- how can anybody get comfortable with any this? Helped maybe by p/e of 1+ ?? -g- finance.yahoo.com

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