Hexindai: Positive Quarter Strengthens Bull Case [Seeking Alpha]
Xiaobai Maimai Inc. - American Depositary Shares (HX)
NASDAQ:AMEX Investor Relations:
ir.hexindai.com
Company Research
Source: Seeking Alpha
Hexindai: Positive Quarter Strengthens Bull CaseSummaryHexindai reported their financial results for the third quarter of fiscal 2018 and hiked their full-year guidance due to higher loan facilitations and increased market share.As I received an answer from management regarding both risk reserve liability for borrower default and the company's view on market share trends, I provide an update.After the company hiked their full year guidance, I update my price target range, which now represents significant upside of around 200% in the next 12 to 18 months.
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