JiayinNASDAQ: JFIN

Jiayin's stock has delivered a 44.8% total return since my Buy rating, driven by a 33.99% price return. Despite mixed Q2 2024 results, I remain bullish, expecting a 15% revenue CAGR and margin expansion, leading to potential 30% annual returns. Jiayin's growth is supported by increased loan facilitation volume, AI integration, and international expansion, with a strong cash position of RMB880.2 million.

I upgrade my rating for Jiayin Group from a Hold to a Buy, driven by an expected 2H 2024 earnings turnaround and an attractive shareholder yield. JFIN's potential FY 2024 shareholder yield is at the mid-teens percentage level, considering the company's dividend hike and continued buybacks. A favorable shift in business mix is anticipated to boost JFIN's 2H 2024 profitability, and enhance the company's dividend sustainability.

-- Second Quarter Total Loan Facilitation Volume remained stable at RMB 24.0 billion -- -- Second Quarter Net Revenue Grew 15.5% to RMB1,476.3 million --

SHANGHAI, Aug. 16, 2024 (GLOBE NEWSWIRE) -- Jiayin Group Inc. (“Jiayin” or the “Company”) (NASDAQ: JFIN), a leading fintech platform in China, today announced that its board of directors approved the payment of cash dividends of US$0.125 per ordinary share, or US$0.50 per American depositary share (“ADS”). The holders of the Company's ordinary shares shown on the Company's record at the close of trading on August 27, 2024 (U.S. Eastern Time) will be entitled to these dividends. These shareholders, including JPMorgan Chase Bank, N.A., the depositary of the Company's ADS program (the “Depositary”), are expected to receive the payments of dividends on or around September 3, 2024. Dividends to the Company's ADS holders are expected to be paid through the Depositary on or around September 6, 2024, and will be subject to the terms of the deposit agreement by and among the Company and the Depositary, and the holders and beneficial owners of ADSs issued thereunder, including the fees and expenses payable thereunder.

SHANGHAI, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Jiayin Group Inc. (“Jiayin” or the “Company”) (NASDAQ: JFIN), a leading fintech platform in China, today announced that it will release its unaudited financial results for the second quarter of 2024 before the U.S. market opens on Tuesday, August 27, 2024.

SHANGHAI, China, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Jiayin Group Inc. (“Jiayin” or the “Company”) (NASDAQ: JFIN), a leading fintech platform in China, today published its 2023 Environmental, Social, and Governance (ESG) Report. This publication, the Company's third ESG report, highlights Jiayin's ongoing commitment to corporate sustainability, ethical business practices, and transparent governance.

Jiayin's generous 13.5% dividend yield enhances total return prospects despite lacking a distinct USP and facing competitive constraints. JFIN shows strong net income growth and deep value, with essentially no debt and significant long-term growth potential domestically and internationally. With management owning 70%+, JFIN aligns with shareholder interests but might not outperform market price CAGR despite a bullish $13.35 5Y target.

Jiayin Group Inc. (NASDAQ:JFIN ) Q1 2024 Earnings Conference Call June 6, 2024 8:00 AM ET Company Participants Shawn Zhang - Investor Relations Dinggui Yan - Founder and Chief Executive Officer Chunlin Fan - Chief Financial Officer Yifang Xu - Chief Risk Officer Conference Call Participants Rong Hua - Jinyu Asset Management Yuxuan Chen - Huatai Securities Operator Good day, ladies and gentlemen. Thank you for standing by and welcome to the Jiayin Group's First Quarter 2024 Earnings Conference Call.

SHANGHAI, China, May 30, 2024 (GLOBE NEWSWIRE) -- Jiayin Group Inc. (“Jiayin” or the “Company”) (NASDAQ: JFIN), a leading fintech platform in China, today announced that it will release its unaudited financial results for the first quarter of 2024 before the U.S. market opens on Thursday, June 6, 2024.