Sign in

    Josh Vogel

    Research Analyst at Sidoti & Company

    Josh Vogel's questions to HX leadership

    Josh Vogel's questions to HX leadership • Q1 2020

    Question

    Josh Vogel of Sidoti & Company asked about the mix of online versus offline borrower acquisition, the strategic advantages of the loan assistance business over P2P, the status of the share repurchase program, and Hexindai's compliance with new regulations connecting P2P platforms to the central bank's credit system.

    Answer

    CFO Rui Zhang explained that 42% of borrowers were acquired online, driven by the new loan assistance business which is expected to increase this proportion. She highlighted that the loan assistance model offers clearer regulatory pathways and stronger default deterrence compared to P2P. Regarding buybacks, Zhang confirmed approximately $4 million in shares had been repurchased, reflecting confidence in the company's strategy. She also affirmed that Hexindai is already in compliance with new credit reporting rules, having connected to Baihang Credit in January 2019.

    Ask Fintool Equity Research AI

    Josh Vogel's questions to HX leadership • Q4 2019

    Question

    Josh Vogel of Sidoti & Company asked about future cost management as business recovers, the client profile and risk metrics for the new microfinancing business, the sustainability of the improved gross billing ratio, directional guidance for fiscal 2020, and the potential impact of U.S.-China trade tensions on lending activity.

    Answer

    Chief Financial Officer Qisen Zhang explained that while costs will rise with business volume, operational leverage remains. He described microfinancing clients as younger and expressed confidence in managing risk, though data is still preliminary. Zhang attributed the higher gross billing ratio to reduced lender incentives as confidence returned, and he expects this level to be sustainable. He declined to provide formal guidance due to market volatility but shared an internal goal to return to FY2018 levels. Zhang refrained from commenting on the macroeconomic impact of trade tariffs, stating the company's focus is on its own operations.

    Ask Fintool Equity Research AI

    Josh Vogel's questions to Akso Health (AHG) leadership

    Josh Vogel's questions to Akso Health (AHG) leadership • Q3 2019

    Question

    Josh Vogel of Sidoti and Company inquired about Hexindai's strategy for new product lines, the expected timeline for completing the final regulatory step, plans for its microlending business, and the timing of its share repurchase program. He also asked whether the current strict credit scoring standards would be permanent or loosen in the future.

    Answer

    CEO Xinming Zhou explained that the company will expand into smaller, shorter-duration loans while maintaining focus on its core medium-sized consumer loans. He noted that the final regulatory step is anticipated in March, though no official date has been set. Mr. Zhou confirmed the microlending loan balance will be capped at RMB 500 million and that the share repurchase window would open two trading days post-call. He characterized the strict credit scoring as a temporary measure, expecting borrower numbers to recover as market conditions improve.

    Ask Fintool Equity Research AI