whytestocks
4 years ago
Breaking News: $PT PINTEC to Report Half Year 2020 Financial Results on September 21, 2020
BEIJING, Sept. 16, 2020 (GLOBE NEWSWIRE) -- Pintec Technology Holdings Limited (Nasdaq: PT) (“PINTEC” or the “Company”), a leading independent technology platform enabling financial services in China, today announced that it will report its financial results for ...
Got this from PT - PINTEC to Report Half Year 2020 Financial Results on September 21, 2020
HokieHead
4 years ago
More great news..
Pintec Announces Strategic Cooperation with West Guarantee
BEIJING, Jan. 9, 2020 /PRNewswire/ -- Pintec Technology Holdings Ltd. ("Pintec"; NASDAQ:PT), a leading independent fintech solutions provider, today announced a strategic cooperation agreement with West (Yinchuan) Guarantee Co., Ltd. ("West Guarantee") to carry out in-depth collaboration in the financial field.
Founded in July 2014, West Guarantee is one of the largest comprehensive financial service platforms in China. The company specializes in offering various guarantee services that cover multiple industries including manufacturing, education, transportation, finance, and construction.
According to the agreement, Pintec and West Guarantee will be each other's strategic partners. The two parties will carry out in-depth collaboration in both technology and financial service areas to improve the efficiency of financial services and facilitate the development of inclusive finance in China market by leveraging state-of-art technologies such as big data and advanced risk management models.
Leveraging Pintec's leading fintech capabilities and West Guarantee's rich financial experience, the two parties will also establish a cooperation mechanism to advance implementation of cooperation in supply chain finance, consumer finance, and inclusive finance.
About Pintec
Pintec is a leading fintech solutions provider. With its mission to "Power the Future of Finance", Pintec aims to advance financial services by providing customized and modular fintech solutions to its financial and business partners, including point-of-sale financing solutions, personal installment loan solutions, business installment loan solutions, wealth management solutions and insurance solutions. The company operates a unique SaaS Plus service model. In addition to the industry-leading SaaS service platform, Pintec also offers a full suite of value-added solutions to its customers, including decision support, traffic enhancement, joint operations, and advisory services. Pintec has cooperated with a number of business and financial partners, including but not limited to Xiaomi, Qunar, Ctrip, China Telecom BestPay, Vip.com, Minsheng Securities, Orient Securities, Yunnan Trust, Guoyuan Securities, Bank of Nanjing, East West Bank, China National Investment & Guaranty Corporation, Fullerton Financial Holdings. On October 25, 2018, Pintec was officially listed on the Nasdaq Global Market with American depositary shares trading under the symbol "PT".
For more information, please visit www.Pintec.com
HokieHead
4 years ago
Winning more business worldwide.
InfraRisk cloud-based solution to support Judo Bankโs SME lending in Australia
Melbourne, January 5, 2020 โ InfraRisk Pty Ltd. (InfraRisk), a leading supplier of credit management solutions in Australia, today announced a new cooperation with Judo Bank to support the neobankโs lending business with a smart and highly efficient cloud-based SaaS solution.
Judo Bank is the first challenger bank focused on serving small and medium-sized enterprises (SMEs) financing needs in Australia, and has been granted a full banking license as an authorised deposit-taking institution (ADI) that has allowed it to launch full deposit-taking capabilities.
โInfraRisk has over 10 years of experience in providing services for financial institutions in Australia,โ said Nicholas Davies, founder and CEO of InfraRisk. โWith our advanced and mature cloud-based solution, we can help Judo Bank service SMEs efficiently to meet their increasing credit needs.โ
InfraRiskโs solution is centered on Credit Value Maximiser (CVX), an intelligent fully featured credit management platform for a wide range of commercial and corporate lending segments. The modularized tool is built around key origination functionalities, from profile to pricing, with each module connecting via defined APIs.
Leveraging data and automation, the solution is expected to help drive improved risk analysis, create efficiencies in governance and compliance activities and provide a framework for ongoing analysis and portfolio optimization.
Australia is a nation of SMEs. Statistics from the Australian Small Business and Family Enterprise Ombudsman show that SMEs create around 7 million jobs, contributing to 67% of total employment and 57% of Australiaโs GDP, which makes the sector the backbone of the Australian economy.
โThe cooperation is a good fit between us,โ said Victor Li, head of Pintec International Business. โInfraRisk is a leading fintech innovator and Judo Bank is a challenger to traditional banks. Together we will apply cutting-edge technologies to provide superior lending services for SMEs.โ
InfraRisk is a wholly owned subsidiary of Pintec Technology Holdings Limited (โPintecโ, Nasdaq: PT), a leading fintech solutions provider that specializes in intelligent retail finance covering โbuy now pay laterโ installment loans, personal loans, SME loans, corporate and commercial segments, wealth management and insurance services.
HokieHead
4 years ago
Adding to long term big board portfolio here.
PT Latest News:
Unicompay is the telecom operator's third-party payment platform that runs "WO Wallet" and is committed to offering convenient and efficient payment solutions. As one of the largest telecom companies in China, China Unicom boasts 320 million mobile billing subscribers as of June 30, 2019.
Jointly developed with Pintec, the digital handset financing solution allows customers to buy mobile phones online and offline with zero or limited down payment, improving payment flexibility and access to financing.
China Unicom going forward:
China Unicomโs Total Revenue has grown 7% from $41 billion in 2016 to almost $44 billion in 2018 and is expected to grow 7.5% to over $47 billion in 2 years
Revenue growth of about $3.5 billion over two years to be driven by $3 billion increase in Mobile Services & Phones and $0.5 billion increase in the Wireline Services Revenues.
https://www.forbes.com/sites/greatspeculations/2019/10/16/china-unicoms-revenues-should-trend-steadily-higher-driven-by-wireless-business/#2d0087df1a9a
PT is already profitable and growing.
Trailing 9 months:
-Total revenues US$108.6 million
-Gross profit increased by 26.3% to US$66.3 million
-Operating profit increased by 52.1% to US$18.3 million
-Net income increased by 631% US$16.1million
Run the numbers, massive CU mobile growth, should be a winner in 2020 imo.
whytestocks
4 years ago
News: $PT Pintec Cooperates with China Unicom's Unicompay to Expand Handset Financing
BEIJING , Dec. 27, 2019 /PRNewswire/ -- Pintec Technology Holdings Ltd. ("Pintec"; NASDAQ: PT), a leading independent fintech solutions provider, recently announced an agreement with China Unicom. As mentioned in its first nine months earnings call of 2019, Pintec will leverage its d...
Read the whole news PT - Pintec Cooperates with China Unicom's Unicompay to Expand Handset Financing
whytestocks
4 years ago
News: $PT PINTEC to Report First Nine Months 2019 Financial Results on December 12, 2019
BEIJING, Dec. 10, 2019 (GLOBE NEWSWIRE) -- Pintec Technology Holdings Limited (NASDAQ: PT) (“PINTEC” or the “Company”), a leading independent technology platform enabling financial services in China, today announced that it will report its financial results for t...
In case you are interested PT - PINTEC to Report First Nine Months 2019 Financial Results on December 12, 2019
richrichrich
5 years ago
I'm tellin ya....
Just as I place a small limit order minutes ago, and manage to get in at 1.27, I read mid day news that Trump is thinking he may drop all US possible investment in Chinese stocks like this.
I go to the official list of some 160 Chinese stocks that could be curtailed, and there it is.....PT.....Along with about 5 other ones that I have small investments in.....
These are all companies that have met the SEC freaking rules, of proper reporting, etc.....
What is his problem, with my taking risk in investing in one of these stocks? I'm hoping its' as the article stated, that he may not act on such matters, but simply be able to use it as a form of leverage.....
I voted for the man, and approve of many of his actions. But how can he possibly take away this "right" of mine, to invest how ever I wish?