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Jiayin Group downgraded to Neutral at Roth Capital » 08:52
04/02/20
04/02
08:52
04/02/20
08:52
JFIN

Jiayin Group

$2.33 /

-0.22 (-8.63%)

As previously reported,…

As previously reported, Roth Capital analyst Andrew Scutt downgraded Jiayin Group to Neutral from Buy with a price target of $2.40, down from $12. The analyst argues that positive catalysts are unlikely to emerge in the next few months, and notes the company reported weak Q4 results on dual headwinds from COVID-19 and implementation of the triple decline policy.

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JFIN Jiayin Group
$2.33 /

-0.22 (-8.63%)

04/02/20 Roth Capital
Jiayin Group downgraded to Neutral from Buy at Roth Capital
08/27/19 Roth Capital
Jiayin Group initiated with a Buy at Roth Capital
Downgrade
Jiayin Group downgraded to Neutral from Buy at Roth Capital » 07:59
04/02/20
04/02
07:59
04/02/20
07:59
JFIN

Jiayin Group

$2.33 /

-0.22 (-8.63%)

Roth Capital analyst…

Roth Capital analyst Andrew Scutt downgraded Jiayin Group to Neutral from Buy with a price target of $2.40, down from $12.

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JFIN Jiayin Group
$2.33 /

-0.22 (-8.63%)

08/27/19 Roth Capital
Jiayin Group initiated with a Buy at Roth Capital
Hot Stocks
Jiayin Group announces acquisition of equity interest in Keen Best » 08:10
03/13/20
03/13
08:10
03/13/20
08:10
JFIN

Jiayin Group

$1.96 /

-0.03 (-1.51%)

Jiayin Group announced…

Jiayin Group announced that Geerong, an indirect wholly-owned subsidiary of the Company, has determined to acquire certain equity interest in Keen Best Investments Limited from China Smartpay Group Holdings Limited, a Cayman Islands incorporated company, whose shares are listed on GEM of The Stock Exchange of Hong Kong. On March 13, 2020, Geerong and another independent purchaser entered into a share purchase agreement with Smartpay, pursuant to which, among others, Geerong agreed, subject to certain conditions, to acquire 35 ordinary shares of Keen Best, representing 35% equity interest in Keen Best, a wholly-owned subsidiary of Smartpay. Mr. Dinggui Yan, our founder, director and chief executive officer currently beneficially owns approximately 29.8% equity interest in Smartpay. The closing of this proposed transaction is subject to the following conditions, which should be fulfilled on or before June 30th, 2020 or another date otherwise agreed by the parties thereto: the shareholders of Smartpay having resolved and approved this transaction and the SPA in accordance with Rules Governing the Listing of Securities on GEM of the Stock Exchange of Hong Kong, if required; and all necessary consents, approvals, authorizations, waivers, clearances and certifications in relation to this transaction and the SPA having been obtained, which can be waived. The purchase price for the Shares is HK$105,000,000 and shall be paid in cash or other means agreed by the Purchasers and Smartpay.

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JFIN Jiayin Group
$1.96 /

-0.03 (-1.51%)

08/27/19 Roth Capital
Jiayin Group initiated with a Buy at Roth Capital
Over a quarter ago
Conference/Events
Jiayin Group management to meet with Roth Capital » 04:55
12/12/19
12/12
04:55
12/12/19
04:55
JFIN

Jiayin Group

$5.80 /

-0.9 (-13.43%)

Meeting to be held in San…

Meeting to be held in San Francisco on December 12 hosted by Roth Capital.

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JFIN Jiayin Group
$5.80 /

-0.9 (-13.43%)

08/27/19 Roth Capital
Jiayin Group initiated with a Buy at Roth Capital
Conference/Events
Jiayin Group management to meet with Roth Capital » 12:01
12/11/19
12/11
12:01
12/11/19
12:01
JFIN

Jiayin Group

$6.13 /

-0.57 (-8.51%)

Meeting to be held in San…

Meeting to be held in San Francisco on December 12 hosted by Roth Capital.

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JFIN Jiayin Group
$6.13 /

-0.57 (-8.51%)

08/27/19 Roth Capital
Jiayin Group initiated with a Buy at Roth Capital
Hot Stocks
Jiayin Group announces transaction price for equity transfer » 09:00
10/24/19
10/24
09:00
10/24/19
09:00
JFIN

Jiayin Group

$10.10 /

+0.07 (+0.70%)

Jiayin Group announced…

Jiayin Group announced that the transaction price has been determined for the previously announced transfer of all equity interests of Shanghai Caiyin Asset Management Co., Ltd. from Shanghai Jiayin Finance Services Co., Ltd to Shenzhen Rongxinbao Non-Financial Guarantee Co., Ltd., an independent third-party guarantee company under the equity transfer agreement entered into by and among Shanghai Niwodai Internet Finance Information Service Co., Ltd., a consolidated affiliated entity of the Company, Shenzhen Rongxinbao and Shanghai Jiayin on September 16, 2019. Under a settlement agreement entered into by Shenzhen Rongxinbao, Niwodai Internet and Shanghai Jiayin on October 16, 2019, the total transaction price for the Equity Transfer is up to RMB1,078.7 million, among which RMB372.1 million is contingent upon Shanghai Caiyin's liability status in the period proceeding December 31, 2022 and subject to certain adjustments. The total transaction price was determined based on a valuation of Shanghai Caiyin's net liabilities by a third-party valuation company as of August 31, 2019, minus Shanghai Caiyin's payables to Niwodai Internet as of the same date. Pursuant to the Settlement Agreement, Niwodai Internet will pay all the transaction price for the Equity Transfer to Shenzhen Rongxinbao. Part of the transaction price to be paid by Niwodai Internet will be set off against Niwodai Internet's loan to Shanghai Caiyin incurred from September 1, 2019 to October 31, 2019. The rest of the transaction price will be settled during future collaboration between Shenzhen Rongxinbao and Niwodai Internet. If, upon termination of such collaboration, any transaction price has not been fully settled, it is subject to further negotiation among parties to the Settlement Agreement.

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JFIN Jiayin Group
$10.10 /

+0.07 (+0.70%)

08/27/19 Roth Capital
Jiayin Group initiated with a Buy at Roth Capital
Hot Stocks
Jiayin Group announces changes to collaboration with Shanghai Caiyin » 08:45
09/16/19
09/16
08:45
09/16/19
08:45
JFIN

Jiayin Group

$17.15 /

+2.88 (+20.18%)

Jiayin Group announced…

Jiayin Group announced that Shanghai Niwodai Internet Finance Information Service has entered into a set of agreements revising the terms of its collaboration with Shanghai Caiyin Asset Management Co., a consolidated affiliated entity. Prior to the effectiveness of such Agreements, Shanghai Caiyin provided certain post-origination loan management services and manages the investor assurance program for loans facilitated by the Company prior to April 28, 2018, and will continue to provide these services subsequent to the effectiveness of the Agreements. As a result of such revisions, Shanghai Caiyin will no longer be a consolidated affiliated entity of the Company. On September 16, 2019, Niwodai Internet entered into an agreement with Shenzhen Rongxinbao Non-Financial Guarantee, an independent third-party guarantee company, and Shanghai Jiayin Finance Services, a company controlled by Dinggui Yan, the founder, director and CEO of the Company, which wholly owns the equity interest of Shanghai Caiyin, pursuant to which Shanghai Jiayin agreed to transfer all of its equity interest in Shanghai Caiyin to Shenzhen Rongxinbao. The transaction price will be determined based on a valuation of Shanghai Caiyin's net liabilities as of August 31, 2019 by a third-party valuation company, minus its payables to Niwodai Internet as of the same date. The valuation is expected to be completed by the end of September. Certain parts of the transaction price are contigent upon Shanghai Caiyin's liability status in the period proceeding December 31, 2022 and are subject to certain adjustments. The timing of the payment of the transaction price will be determined by further negotiation among Niwodai Internet, Shenzhen Rongxinbao and Shanghai Jiayin. Pursuant to the terms of the Agreement, as Shanghai Caiyin was in its liability position as of August 31, 2019 due to its collaboration with Niwodai Internet, Niwodai Internet will pay the transaction price to Shenzhen Rongxinbao. Shenzhen Rongxinbao has collaborated with the Company to provide and manage the investor assurance program for certain loans facilitated by the Company since April 2018. The Company considers the collaboration to be in good standing and mutually beneficial. The Company expects that, after the consummation of the disposal, Shanghai Caiyin will continue to provide services for loans under the investor assurance program it managed. The Company will continue to serve borrowers and investors in the online individual finance market as a transaction facilitator and information intermediary.

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JFIN Jiayin Group
$17.15 /

+2.88 (+20.18%)

08/27/19 Roth Capital
Jiayin Group initiated with a Buy at Roth Capital
Initiation
Jiayin Group initiated with a Buy at Roth Capital » 08:29
08/27/19
08/27
08:29
08/27/19
08:29
JFIN

Jiayin Group

$11.94 /

-0.09 (-0.75%)

Roth Capital analyst…

Roth Capital analyst Andrew Scutt started coverage of Jiayin Group with a Buy rating and a $17 price target. The analyst sees potential for the company to receive a positive regulatory review, and receipt of a P2P lending registration. In the near-term, the successful introduction of services for institutional lenders could be a positive catalyst, he adds. Scutt believes a successful registration could support 20% to 30% growth in loan originations and earnings.

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