The Yirendai (YRD) stock rally; What say you?


#1

Yirendai has more than tripled in the last couple of months. It has completed decoupled from the other publicly traded marketplace lenders.

The company IPO’d last December at $10 (ADR) and tanked 70%. Right now, it is trading $33+!

Yirendai is a Chinese consumer online marketplace. CreditEase is its parent private company that operates with an online-offline type of business model in China.
Lending Times analysed the stock thoroughly in May and concluded that it was overvalued at $11.90.

What say you about this company that is into Chinese subprime lending, uses an offline-online business model (Credit Ease has a significant physical presence)?


Fintech, transparency and regulation
#2

Yes it has gone up far more than Lending Club. A bet on Chinese consumer vs American consumer? Better listen to LendiIt China videos to learn:


#3

Lending Times has a good analysis on this:

http://lending-times.com/2016/05/04/is-yirendai-stock-overvalued/


#4

Unaudited and public is a strange combo. Lending Times has a good analysis on this:

http://lending-times.com/2016/05/04/is-yirendai-stock-overvalued/


#5

It has been two quarters that YRD has reported.
Financial statments can be found at http://yirendai.investorroom.com/index.php?s=121.

Both are unaudited. See also press release http://yirendai.investorroom.com/2016-08-09-Yirendai-Reports-Second-Quarter-2016-Financial-Results

The ADR lisitng is on NASDAQ. I assume the audited statements are delayed?


#6

Do the rules allow that? I just assumed NASDAQ or NYSE means audited