HIFS REVISITED (Post Q4 earnings)
Last Friday, HIFS has posted some improved core earnings - lets see how it matches our projection based on our model and what to expect for the First Quarter 2025
The article constitutes my personal views and is for entertainment purposes only. The main goal of this article is to log my personal views. Nothing in this article or these posts in this blog should constitute an investment advice. The projections and estimates provided here should be considered as purely speculative. Do your own model and projections. Please refer to the disclaimer at the end of this article for more details.
On January 17th 2025, HIFS has posted some very good numbers for Q4 pretty much inline with Wintergems model on projected Net Interest Margin.
After this experiment, I still need to do some fine tuning to the model to get to even closer projection for the first quarter 2025, but my confidence level has increased for the next quarter.
The recent pullback seems to be a good entry point from a valuation perspective.
The management very well explained the improvement on the net interest margin in the Q4 earnings press release: