https://seekingalpha.com/article/4746206-lufax-stimulus-in-china-quarterly-improvements-and-dirt-cheap [Seeking Alpha]
Lufax Holding Ltd American Depositary Shares, each representing two (2) Ordinary Shares (LU)
Company Research
Source: Seeking Alpha
Kingfisher Research Follower s Follow Play 13min Summary Lufax is well-positioned to benefit from China's recent stimulus policies, with significant business connections and expertise in offering business loans. The company's recent quarterly report shows improved delinquency rates, a substantial increase in new loans, and a 24.1% rise in cumulative borrowers. Despite a decrease in net income, LU's solid balance sheet and undervaluation suggest significant room for stock price improvement, with a target price of $12 per ADS. Potential risks include regulatory challenges and lower demand due to the company's operations and asset locations in China. ronniechua Lufax Holding ( NYSE: LU ) is, in my view, very well positioned to benefit from the recent stimulus policies announced in China. Offering business loans in China for many decades, in my view, LU has the business connections, and the expertise accumulated in This article was written by Kingfisher Research
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High impacting Lufax Holding Ltd American Depositary Shares, each representing two (2) Ordinary Shares news events
Weekly update
A roundup of the hottest topics
LU
News
- Changes in Board and Committee CompositionPR Newswire
- Lufax Holding Ltd (NYSE: LU) had its "hold" rating re-affirmed by analysts at Jefferies Financial Group Inc.. They now have a $3.20 price target on the stock.MarketBeat
- Lufax Holding Ltd (LU) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Lufax Reports Third Quarter 2024 Financial ResultsPR Newswire
- Lufax to Announce Third Quarter 2024 Financial Results on October 21, 2024PR Newswire
LU
Earnings
- 4/22/24 - Beat
LU
Sec Filings
- 12/17/24 - Form 144
- 12/9/24 - Form SC
- 12/6/24 - Form 6-K
- LU's page on the SEC website