Mar. 31 at 5:52 PM
$LU So how long after Xiang Ji taking over do we get to learn about the "new vision". Based on injected capital and assets, PAOBank should be sitting around a
$400-500 million valuation already. This provides the ability for LU to provide offshore financing, wealth management, insurance, etc. outside of China and you have to assume this is going to be highlighted. I am not sure I fully agree with this blurb but worth a reposted "PAOBank is arguably Lufax’s most attractive growth engine right now. It is transitioning Lufax from a mainland-only, consumer finance platform into a cross-border financial services player. For a value investor, the fact that Lufax owns a fully licensed, growing Hong Kong digital bank effectively is the strongest bullish argument available."..... I would argue that the consumer loan licenses with Ping An backing is the main bullish argument but nothing wrong with a few irons in the fire.
