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Cango

 

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CANGO (CANG) Stocks

ABOUT CANGO

? Cango Inc. is a leading Chinese automotive transaction service platform. It connects dealers, car buyers, financial institutions and other participants within the automotive transaction value chain.

Today Cango Inc.’s primary services consist of automotive transaction, financing and after-market facilitation. The company uses its competitive advantages in data, cloud infrastructure and technology to connect participants across its platform. Its unique platform adds value for its business partners and participants in China’s growing automotive market.

The company provides integrated solutions for financial institutions which help them improve their overall operational efficiency and enhances their credit performance. These services include credit origination, credit servicing, credit assessment and delinquent asset management. Cango Inc. provides dealers with a comprehensive and powerful toolkit that covers used and new vehicle sourcing as well as automotive financing solutions. It also offers Saas-based supply chain warehouse management and financing which in turn boosts their business performance.

The company offers car buyers a one-stop service solution offering quality vehicle financing solutions, value-added finance related service and after-market services. These services make car buyers’ purchases more convenient and affordable. Cango Inc.’s after-market products and services can be cross-sold with its various financing facilitations services. This generates new business opportunities for after-market service providers using its platform.

The company’s large countrywide dealer network assists OEMs in expanding their distribution channels. Its vehicle financing solutions also make the dealers’ vehicles more affordable for buyers.

Cango Inc.’s history dates back to 2010 when it was founded. It is headquartered in Shanghai, China. The company’s parent organization is Parkland Fuel. Its subsidiaries include Shanghai Cango Investment and Management Consultation Service Co., Ltd.

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HISTORY OF CANGO

  • In 2010 Cango Inc. is founded by a group of pioneers in China’s vehicle finance industry. From 2010 through to 2015 the company establish and develop vehicle financing services. It also builds its nationwide dealer network throughout China.
  • In 2016 the company starts comprehensive cooperation with JC Bank. In the same year it starts online vehicle consumer financing and co-founds Chejia.
  • Cango Inc. starts comprehensive cooperation with WeBank in 2017.
  • It also starts a Series A financing round by Warburg Pincus and Primavera in the same year. 2018 sees various milestones for the company: Series B financing round let by Tencent and Taikang Life Insurance; Series C financing round led by Didi Chuxing; and strategic partnerships with ZhongAn Insurance as well as ICBC and Didi Chuxing. Cango Inc. goes public on the New York Stock Exchange in July 2018.

VISION & VALUES OF CANGO

  • Cango Inc.’s mission is to transform the automotive and mobility markets in China with data and technology. Its core values are to be professional, creative and to create a win-win situation for all involved in its business.

MARKET PERFORMANCE OF CANGO

  • Cango Inc. trades on the New York Stock Exchange under the NYSE stock symbol “CANG”.
  • In its second quarter 2019 unaudited financial results the company reports total revenues of RMB 336.3 million (USUS Dollar 49.0 million).
  • This represents a year-over-year increase of 42.3% and it outperforms the high end of the Company’s guidance by 6.8%.

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LATEST NEWS CANGO

Buy CANGO stocks / shares – A Step by Step Guide how to Buy / Purchase CANGO Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy CANGO Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN CANGO STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE CANGO STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of CANGO stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

  1. Is it the best time to buy this stock / share?
  2. Should I buy CANGO stocks / shares in the current economic climate?
  3. Can I afford to buy this stock / share?
  4. What is the forecast of the stock / share growth?
  5. What is the current price per earning ration on the stock / share?

Read more about : CADENCE BANCORPORATION STOCKS

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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