Lufax: A 38% Yield Put Strategy Based On $4.63 Billion In Excess Capital

Lufax Holding Ltd. ( LU ) is trading at an unbelievably low price. After backing out intangibles, goodwill, and deferred tax assets, tangible book value comes to $9.58 billion—more than four times the current market capitalization. Besides, $9.54 billion is just cashAbout Mosiv CapitalMosiv Capital is a proprietary investment firm rooted in the fundamentalist principles of Benjamin Graham and the early partnerships of Warren Buffett. Founded by a veteran engineer with 30 years of R&D expertise in power elec ...