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$HX Had a cross of the 50/200sma yesterday...Very bullish signal here... RSI Ready to cross into the power zone... MACD crossed over bullish yesterday... Many great bullish signs here!
Daily Chart:
$HX Had a cross of the 50/200sma yesterday...Very bullish signal here... RSI Ready to cross into the power zone... MACD crossed over bullish yesterday... Many great bullish signs here! pic.twitter.com/lTipUnaR2f
— 💸 Golden Cross Stocks 💸 (@CrossStocks) July 10, 2020
HX 1.22 >> here we goooo
HX Chinese Shopify
good luck
1.11 loading again
Lol yeah sure
* * $HX Video Chart 05-28-2020 * *
Link to Video - click here to watch the technical chart video
LOL Next Shopify?? FULL OF SHIT!!!
I was out at 1.44, looking to reload at 1.29
dumping now...lol
1.39 loading again
hit 1.69 and halted on the way down.
rut oh...
cover 1.43. too strong still. dont like it still being strong toward eod
LOL. GOODLUCK TO YOU. FUTURE WILL TELL.
Dude, get outta here. This was a .40 stock before the news.
They're desperate for money and will put out an offering soon.
1.57 now, don't loss your azz
1.47 short again just for you my friend
HX LOOKS LIKE THE NEXT ALIBABA THAT'S WHY VOLUME IS SO HUGE
already did
LOL...thanks for buying my shorts
cover you short
grabbed a few shares huge volume
HX~Hexindai Launches Social e-Commerce Platform Xiaobai Maimai
https://finance.yahoo.com/news/hexindai-launches-social-e-commerce-103800894.html
LOL. You just discovered it and all of a sudden its the next Shopify??
OKURRR!!
is this the next Shopify Inc (1,048.28 )
Fluff news about launching a website. Halted due to circuit breakers.
Whats going on here
Thet halted sevreal time
Why?
Hey, running today. 1.38 premarket
Run for the hills. New Q reveals 90% drop in loans and income. What happened to this company? Started out great, then pretty much imploded in one year.
Now being investigated for financial irregularities. The perils of investing in China confirmed once again.
Inching up finally, now that Tariff Man has calmed down his trade war talk. Still, company needs to show better figures to justify those hefty management payments.
* * $HX Video Chart 12-10-18 * *
Link to Video - click here to watch the technical chart video
Could this go lower? Jeez. China P2P market pretty much up in flames till all the fraudulent companies are weeded out and regulations in place. Still have a feeling HX will be one of the survivors.
Bad Q figures out today. No way round it. Big decreases. Only long term hope for Hexindai is to be the last honest lender standing in China. Still think it is a solid company but P2P over there is v. rocky for now.
Scrap that. This is slipping like everything else right now.
Holding steady despite all the recent stock drops.
Stunning new Q figures:
BEIJING, Sept. 25, 2018 /PRNewswire/ -- Hexindai Inc. (NASDAQ :HX ) ("Hexindai" or the "Company"), a fast-growing consumer lending marketplace in China, today announced its unaudited financial results for the quarter ended June 30, 2018.
Throughout the release, each ADS represents one ordinary share. Fiscal year refers to the 12 months ended March 31.
First Quarter of Fiscal Year 2019 Operational Highlights
Total loan volume facilitated [1] was US$461.1 million (RMB2.9 billion) during the first quarter of fiscal year 2019, an increase of 130.1% from the first quarter of fiscal year 2018.
Gross billing amount (net of VAT)[2] was US$54.1 million during the first quarter of fiscal year 2019, an increase of 205.2% from the first quarter of fiscal year 2018.
Gross billing ratio (net of VAT)[3] for credit loans was 11.7% during the first quarter of fiscal year 2019, an increase from 8.9% during the first quarter of fiscal year 2018.
Number of borrowers [4] was 28,979 during the first quarter of fiscal year 2019, an increase of 96.7% from the first quarter of fiscal year 2018.
Number of investors [5] was 67,607 during the first quarter of fiscal year 2019, an increase of 82.6% from the first quarter of fiscal year 2018.
First Quarter of Fiscal Year 2019 Unaudited Financial Highlights
Net revenue was US$51.7 million during the first quarter of fiscal year 2019, an increase of 241.8% from the first quarter of fiscal year 2018.
Operating expenses were US$15.6 million during the first quarter of fiscal year 2019, an increase of 224.2% from the first quarter of fiscal year 2018.
Net income was US$29.7 million during the first quarter of fiscal year 2019, an increase of 233.7% from the first quarter of fiscal year 2018.
Basic EPS in the first quarter of fiscal year 2019 was US$0.62 compared to US$0.21 in first quarter of fiscal year 2018.
Diluted EPS in the first quarter of fiscal year 2019 was US$0.56 compared to US$0.21 in first quarter of fiscal year 2018.
Adjusted net income (Non-GAAP) in the first quarter of fiscal year 2019 was US$29.9 million, increased by 236.1% from US$8.9 million in the first quarter of fiscal year 2018.
Adjusted EBIT (Non-GAAP) in the first quarter of fiscal year 2019 was US$36.6 million, increased by 250.9% from US$10.4 million in the first quarter of fiscal year 2018.
Through Hexindai's platform, the total loan volume facilitated was approximately US$3.0 billion (RMB19.6 billion) from the inception of its business in March 2014 through June 30, 2018.
"We delivered another solid quarter of growth despite a challenging market which I believe demonstrates our corporate flexibility, ability to rapidly adapt, and commitment to maintaining compliance in a rapidly evolving regulatory environment," commented Mr. Xinming Zhou, Chief Executive Officer of Hexindai. "Net revenue and net income during the quarter both increased at a triple-digit pace to US$51.7 million and US$29.7 million, respectively. We maintained our corporate flexibility in the midst of a difficult market environment and have been working in close cooperation with relevant regulatory authorities to complete the self-examination and correction measures. We believe the inspection process is a positive development for us and the entire sector. Increased regulation will raise the barriers to entry and will create a healthier long-term market environment which allow us to leverage our strong cash position, operational efficiency, and solid risk management and marketing capabilities to consolidate the market. We strategically focus on medium-sized loans targeting borrowers with stable employment and income. Our strategic foresight, high-quality user base, and ability to closely manage risk on our platform have strengthened our confidence and ability to navigate this challenging period for the industry and maintain user trust, which is critical during this period."
"We made our first cross-border investment during the quarter by buying 20% equity stake for US$1.6 million in Musketeer Group Inc. ("Musketeer"), an Indonesian online lending platform that offers consumption installment loans. This marks the first step in our larger strategy to explore overseas opportunities by leveraging our extensive experience and expertise in new high-growth markets. Growing confidence in our future growth prospects and strong cash position allowed us to return value to shareholders in the form of an annual dividend policy. We will continue to invest in strengthening our risk management systems and developing new market opportunities to ensure we are able to quickly take advantage of opportunities that emerge as the market consolidates. We will also focus on growing our business to scale by improving operational efficiency and enhancing investor and borrower acquisition. I am confident that these initiatives will help us solidify our competitive advantage in China's rapidly growing consumer lending marketplace and generate long-term sustainable value for our shareholders."
https://www.prnewswire.com/news-releases/hexindai-reports-unaudited-first-quarter-of-fiscal-year-2019-financial-results-300718308.html?tc=eml_cleartime
https://seekingalpha.com/article/4208093-hexindai-inc-2019-q1-results-earnings-call-slides
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