China's PPDAI: Jumps on confidence of P2P registration, more buybacks

Yiren Digital

22/08/2018 11:40

** Shares of China's PPDAI Group  PPDF.N  jump 11 pct
premarket
    ** The online consumer finance company says confident in its
ability to meet upcoming P2P registration and adds that it has
no liquidity concerns  urn:newsml:reuters.com:*:nPn2wGhw0a
    ** Beijing has been struggling to defuse anger over China's
P2P lending crisis  urn:newsml:reuters.com:*:nL4N1V30BS
    ** PPDAI also raises share buyback plan by up to $120 mln
 urn:newsml:reuters.com:*:nPn1JtbQva and reports improvement in Q2 delinquency rates and
operating leverage
    ** Peers Qudian  QD.N  to report on Aug. 24 and Yirendai Ltd
 YRD.N  on Aug. 28
    ** YTD, PPDF down 27 pct, QD 41.5 pct and YRD 61 pct

 (Reporting by Savio D'Souza)
 ((RM:savio.dsouza.thomsonreuters.com@reuters.net))