Maintaining RLX Technology At 'Strong Buy'

Amit Ghate4.9K FollowersFollow5ShareSavePlay(9min)CommentsSummaryRLX Technology is rated a 'Strong Buy' due to robust international expansion and solid fundamentals.International sales now comprise 76.5% of RLX's Q4 revenue, with rapid market share gains in Asia Pacific and strategic moves in Europe.The company maintains a strong cash position ($1.19B), actively returns capital via dividends and buybacks, and extended its $170M repurchase authorization through 2027.Despite regulatory and China-listing risks, RLX's valuation and accelerating global growth underpin my conviction in holding a full position.coldsnowstorm/iStock Unreleased via Getty Images In January of 2023, I added RLX Technology (RLX) to my value portfolio. The stock has been down to sideways since then, so today I'll review the position and explain why I still rate theThis article was written byAmit Ghate4.9K FollowersFollowI'm a private trader interested in both long and short ideas. My training and background are in engineering including several decades of consulting engineering practice. I endeavor to apply my analytical skills to investing/trading, which I've done for 20+ years and to which I bring a contrarian style. I've also recently become interested in writing and have published editorials at Forbes, PJM, and a few legacy newspapers.Analyst’s Disclosure: I/we have a beneficial long position in the shares of RLX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. I actively trade around core positions.Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.