Shares & Derivatives
Yixin Group Limited (HKG: 2858) – Auto Financing Company at only 7.5x P/E Valuation
By A Path to Forever Financial Freedom (3Fs)  •  July 24, 2024
Yixin Group Limited (HKG: 2858) shares have had an impressive past couple of months, gaining +16.2% YTD after a shaky period beforehand. This outperforms the HSI index which at the moment YTD has only gained +2.5%. The stock is currently under consolidation mode for about a month now going directionless. With the recent rebound in share price, there still wouldn’t be many who think that Yixin Group’s Price to Earnings ratio of 7.5x is worth a mention when the median average Price to Earnings for the sector industry is about 18.5x. One possibility for the relatively moderate P/E is because investors might not be confident of the company’s earnings going forward. The stock market is usually forward looking so investors can only say with confidence once they see a clearer growth direction going forward. Yixin Group Limited is a prominent player in China’s online automobile finance market. Founded in 2014 and headquartered in Shanghai, Yixin...
Read the full article
By A Path to Forever Financial Freedom (3Fs)
If you are looking for a place where you can learn about money management, investing and financial independence, then this site is the right one for you.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published. Required fields are marked *

*

Your Email Address will not be published
*

Read More Articles
More from thefinance