LUFAX(LU)
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Lufax: Stimulus In China, Quarterly Improvements, And Dirt Cheap
Seeking Alpha· 2024-12-24 10:28
Analyst Background - The analyst has close to 14 years of experience in the financial industry, having worked for an equity research firm in NY, an investment fund in Mexico, and an investment bank in Ireland [1] - Currently a private investor focusing on mature industries such as mining, oil and gas, real estate, and others [1] - The analyst does not invest in business models that are not understood and appreciates M&A deals, deep value investments, and dividend investing [1] - Investments typically target an internal rate of return of close to 5%-7% [1] Investment Approach - The analyst researches small and medium-cap companies in Europe, the United States, and South America [1] - The purpose of writing on Seeking Alpha is to receive feedback from readers about stocks owned [1] - The analyst provides expectations about future EPS, net revenue, FCF, and other financial figures, acknowledging that these could be wrong [1] Lufax Holding (LU) Analysis - Lufax Holding (NYSE: LU) is well positioned to benefit from recent stimulus policies announced in China [3] - The company has been offering business loans in China for many decades, leveraging its business connections and expertise [3] Disclosure - The analyst has a beneficial long position in Lufax Holding (LU) through stock ownership, options, or other derivatives [3] - The article expresses the analyst's own opinions and is not receiving compensation for it (other than from Seeking Alpha) [3] - The analyst has no business relationship with any company whose stock is mentioned in the article [3]
LUFAX(LU) - 2024 Q3 - Earnings Call Transcript
2024-10-22 17:40
Lufax Holding Ltd (NYSE:LU) Q3 2024 Results Conference Call October 21, 2024 9:00 PM ET Company Participants Xinyan Liu - Head of Board Office and Capital Markets Yong Suk Cho - Co-CEO & Chairman of the Board Peiqing Zhu - Chief Financial Officer Conference Call Participants Betty Li - CLSA Judy Zhang - Citi Yada Li - CICC Operator Ladies and gentlemen, thank you for standing by, and welcome to the Lufax Holding Third Quarter 2024 Earnings Call. [Operator Instructions] After the management's prepared remark ...
LUFAX(LU) - 2024 Q3 - Quarterly Report
2024-10-21 10:44
Exhibit 99.2 Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. Lufax Holding Ltd 陆 金 所 控 股 有 限 公 司 (Incorporated in the Cayman Islands with limited liability) (Stock Code: 6623) (NYSE Stock Tic ...
Lufax: Look Past Q2 Performance And Focus On Strategic Pivot
Seeking Alpha· 2024-09-10 10:29
YinYangI maintain my Buy investment rating for Lufax Holding Ltd (NYSE:LU) [6623:HK]. LU's shares have pulled back in recent weeks due to the company's poor Q2 bottom line performance and the omission of interim dividends. But Lufax has been making good progress with its strategic pivot, and the company is well-positioned to record positive net income again in FY 2025. As such, I remain bullish on LU with my unchanged Buy rating. The prior June 6, 2024 write-up was focused on LU's Q1 2024 operating metr ...
LUFAX(LU) - 2024 Q2 - Earnings Call Transcript
2024-08-22 16:54
Lufax Holding Ltd (NYSE:LU) Q2 2024 Results Conference Call August 21, 2024 9:00 PM ET Company Participants Xinyan Liu - Head of Board Office and Capital Markets Yong Suk Cho - Co-CEO & Chairman of the Board Peiqing Zhu - Chief Financial Officer Conference Call Participants Emma Xu - Bank of America Securities Yada Li - CICC Operator Ladies and gentlemen, thank you for standing by, and welcome to the Lufax Holding Second Quarter 2024 Earnings Call. [Operator Instructions] Please note, this event is being re ...
LUFAX(LU) - 2024 Q2 - Quarterly Report
2024-08-22 10:05
Lufax Reports Second Quarter 2024 Financial Results SHANGHAI, Aug. 21, 2024 /PRNewswire/ — Lufax Holding Ltd ("Lufax" or the "Company") (NYSE: LU and HKEX: 6623), a leading financial services enabler for small business owners in China, today announced its unaudited financial results for the second quarter ended June 30, 2024. Second Quarter 2024 & First Half 2024 Financial Highlights • Total income was RMB5,976 million (US$822 million) in the second quarter of 2024, compared to RMB9,270 million in the same ...
LU Stock Earnings: Lufax Holding Reported Results for Q2 2024
Investor Place· 2024-08-22 02:52
Lufax Holding (NYSE:LU) just reported results for the second quarter of 2024.Lufax Holding reported earnings per share of -19 cents.The company reported revenue of $822.36 million.InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowi ...
Lufax Reports Second Quarter 2024 Financial Results
Prnewswire· 2024-08-21 22:00
SHANGHAI, Aug. 21, 2024 /PRNewswire/ -- Lufax Holding Ltd ("Lufax" or the "Company") (NYSE: LU and HKEX: 6623), a leading financial services enabler for small business owners in China, today announced its unaudited financial results for the second quarter ended June 30, 2024.Second Quarter 2024 & First Half 2024 Financial HighlightsTotal income was RMB5,976 million (US$822 million) in the second quarter of 2024, compared to RMB9,270 million in the same period of 2023.Net loss was RMB730 million (US$100 mill ...
Lufax Announces Results of Annual General Meeting
Prnewswire· 2024-05-30 11:00
SHANGHAI, May 30, 2024 /PRNewswire/ -- Lufax Holding Ltd (NYSE: LU and HKEX: 6623), a leading financial services enabler for small business owners in China, today announced the results of its annual general meeting of shareholders held in Shanghai on May 30, 2024. At the meeting, the shareholders of Lufax approved, ratified and/or confirmed the following resolutions: To receive and adopt the audited consolidated financial statements of the Company for the year ended December 31, 2023 and the reports of the ...
Lufax Announces Annual General Meeting on May 30, 2024 and Filing of Its Annual Report on Form 20-F
Prnewswire· 2024-04-23 13:05
SHANGHAI, April 23, 2024 /PRNewswire/ -- Lufax Holding Ltd ("Lufax" or the "Company") (NYSE: LU and HKEX: 6623), a leading financial services enabler for small business owners in China, today announced that it will hold an annual general meeting of the Company's shareholders (the "AGM") at 10:00 a.m. Hong Kong time on May 30, 2024 at Room 3601, No. 1333 Lujiazui Ring Road, Pudong New District, Shanghai, the People's Republic of China, for the purposes of considering and, if thought fit, passing each of the ...