Lufax Holding Ltd ADR LU

$1.02 -0.17 (-14.29%)

Valuation

Market cap
884,023,000
Revenue TTM
$3,773,450,000
Net income TTM
$-291,790,000
PE ratio
0.00
Forward PE
—
Profit margin
-7.73%
Debt to equity
0.80

Trading

Volume
4,181,800
Avg volume
1,212,036
Day's range
$1.02 – $1.20
Shares out
866,689,000
Stochastic %K
0%
Beta
0.69
Analysts
Sell
Price target
$2.27

Price

Company profile

Lufax Holding Ltd engages in the retail credit and enablement business to borrowers and institutions in the People's Republic of China. It offers loan products, including general unsecured loans and secured loans, as well as consumer finance loans. The company also provides wealth management products, such as asset management plans, bank products, mutual fund products, private investment fund products, trust plans, a...

Show more

Lufax Holding Ltd engages in the retail credit and enablement business to borrowers and institutions in the People's Republic of China. It offers loan products, including general unsecured loans and secured loans, as well as consumer finance loans. The company also provides wealth management products, such as asset management plans, bank products, mutual fund products, private investment fund products, trust plans, and others. In addition, it offers technology advisory, internet platform, banking, microfinance, financing guarantee, enterprise management, information consultation, asset management, and investment and financial consulting services. The company serves small and micro business owners, individual entrepreneurs, and individuals. Lufax Holding Ltd was founded in 2005 and is headquartered in Shanghai, China.

Industry
Credit Services
Sector
Financial Services
Phone
86 21 3863 6278
Website
https://www.lufaxholding.com
Address
No. 1333, Lujiazui Ring Road, 18th Floor Pudong New District, Shanghai, China

Latest news

Stocktwits

Victor_Shultz Oct 3, 3:34 PM
$LU ok ive literally spend 10 hours on ai today discussing china fintechs and lufax specificially, here is what i found, lufax is clearly a better business now than it was 2-3 years ago. Lufax has enough cash reserves to pay both bonds, if there is a problem it has acess to capital via the china banking system at quite decent rates less than 4%. Economically it makes ZERO sense for ping and company to make an ofdering and dilute themselfs at this valuation, that simply wont happen, and even if it did it would require time and approval from independant shareholders, so this mumbojumbo. What makes sense economically is low share price for tun kun and company to cover their short and reduce their ADS fees. Also i believe we are getting set up for a turnaroud story and they want big investors who usualy dont touch penny stocks, another 20-30% dump short term is possible however it would put us at 0.05 of book, dont think thats happening.
1 replies
chinesefood Oct 3, 2:38 PM
$LU this company is like 7.5% of my portfolio. I am -50% on this position atm but whatever. It's a really interesting story and I do derive some entertainment value from following it all. Some interesting characters on this hallowed board as well. Either Chinese equities are completely uninvestable or they have some indeterminate value, albeit heavily discounted from book value. $JD is another good example of said discount. Its various business stakes are currently valued at close to zero. I choose to believe that $LU is worth more than 10% of book value... I've been in this game for many years now. Imho the only attribute that will lead to rewards in this scenario is patience. It may be that Ping An screws us hard. But imo the risk/reward is just too juicy to ignore. I can hold this Chinese shitco for years and tbh I probably will. And on my next trip to China I'll stand in front of Ping An's HQ and either curse them or enjoy a classy Chinese business cig or both lol.
1 replies
blshassphat Oct 3, 12:37 PM
$LU buy the fucking dip
0 replies
lightbutterfly Oct 3, 11:28 AM
$LU when ppl go silent they are up to something probably trying to convert ADR`s into HK shares to make money on the arbitrage has any of you (the honest ppl not the assholes sending others to the front so they can make money on their rush) tried to ? make sense now that the spread is consistent ? we collectively here have millions if not hundreds of millions at stake yet , we can`t organize to defend our equity ?? because most here follow fake Gurus that sell into the pumps they promote !!! seen it countless time in this stock alone should have a rule that forces ppl to disclose their trades
1 replies
Victor_Shultz Oct 3, 9:08 AM
$LU well yday was utter shit, cant belive this is happening 0.08 book on a not bankrupt entity with growing customers etc but here we are, are u guys actually selling at these levels? I cant honestly believe anyone would dump now ? Like its just too low isnt it? Im now sitting at 40% paper loss and i need 67% up to break even, dont think so thats happening but im just going to let my shares rot and move on with my life. Atm im not considering investing but a a lotto ticket with all my stock money. Knew i was stupid for going all in but everything made sense on paper, yet here we are. Thankfully zero margin and now fees are low so i can let yhis rot for years and hope for the best, not selling a loss, i rather lose it all. Gl and good health to this board and all losers like me wont be checking or poating anything until my stock alerter rings at 1.7 or 17.
2 replies
blshassphat Oct 3, 6:32 AM
$LU @JohnTill bro, you out? you got margin called?
1 replies
Schnitzy51 Oct 3, 5:57 AM
$LU congrats to all those who thought voting against the extension was a smart move, because there's is sookk mich cash. Capital increase incoming?
1 replies
hgarrett Oct 3, 4:55 AM
$LU the good old days 6 months ago when $ 2 seemed like rock bottom
0 replies