Profile
Sector:
Financial ServicesIndustry:
Credit ServicesCountry:
ChinaIPO:
30 October 2020Website:
http://www.lufaxholding.comNext earnings report:
13 November 2024Last dividends:
04 June 2024Next dividends:
N/APrice
pre-market | 11 min agoAnalysts recommendations
Institutional Ownership
LU Latest News
Lufax's Q2 net loss and interim dividend omission were disappointing, but LU is expected to resume dividend payouts and deliver positive earnings in fiscal 2025. LU's strategic pivot towards the 100% guarantee business model and consumer finance loans have yielded decent results, considering the take rate improvement and consumer finance loans' strong growth. My Buy rating for Lufax remains intact, taking into account the potential turnaround next year and the significant progress made with its strategic pivot.
Lufax Holding (NYSE: LU ) just reported results for the second quarter of 2024. Lufax Holding reported earnings per share of -19 cents.
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 period of 2023.
Two Chinese companies, Lufax Holdings and DouYu, recently announced special dividends that yielded 50% for shareholders who held immediately after the payouts were announced. The Lufax special dividend has already been paid. The DouYu special hasn't been paid and is not ex-dividend yet. Although the stock has responded to the dividend announcement, the forward yield is still over 50%.
Lufax Holding Ltd (LU) Q4 2023 Earnings Call Transcript
Lufax (NYSE: LU ) stock is on the rise Thursday following the release of the Chinese personal financial services company's Q4 2023 earnings report. That earnings report starts with a loss of 1.48 yuan per American Depository Shares ( ADS ).
The stock has been under pressure in recent times due to macro weakness in China. Despite risks, I consider Lufax's current price attractive. I rate the stock a buy with a 1-year target price upside potential of 60%. PAOB integration should help Lufax access lower funding costs to drive top-line growth and margin expansion.
Lufax Holding Ltd (NYSE:LU ) Q3 2023 Earnings Conference Call November 13, 2023 8:00 PM ET Company Participants Liu Xinyan - Head of Board Office and Capital Markets Y. S. Cho - Co-CEO and Chairman Gregory Gibb - Co-CEO David Choy - CFO Conference Call Participants Emma Chu - Bank of America Alex Ye - UBS Yada Li - CICC Operator Ladies and gentlemen, thank you for standing by, and welcome to the Lufax Holding Limited Third Quarter 2023 Earnings Call.
Lufax Holding Ltd. Sponsored ADR (LU) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of $0.05 per share.
China's reopening has seen a decline in the technology sector, with cyclical financials and tech companies suffering from regulatory crackdowns and a soft post-COVID reopening. Lufax Holding, a fintech company, is seen as an opportunity due to its low price-to-book ratio; it is a leading technology-empowered personal financial services platform in China. Despite a tough economic period, Lufax is considered undervalued and offers potential for investors, although prudent risk management is advised due to China's uncertain economic situation.
What type of business is Lufax Holding Ltd?
Lufax Holding Ltd operates as a financial service empowering institution for small and micro businesses in China. The company offers loan products, including general unsecured loans and secured loans, as well as consumer finance loans. It also provides wealth management products, such as asset management plans, mutual fund products, private investment fund products, and trust products. The company was founded in 2005 and is headquartered in Shanghai, China.
What sector is Lufax Holding Ltd in?
Lufax Holding Ltd is in the Financial Services sector
What industry is Lufax Holding Ltd in?
Lufax Holding Ltd is in the Credit Services industry
What country is Lufax Holding Ltd from?
Lufax Holding Ltd is headquartered in China
When did Lufax Holding Ltd go public?
Lufax Holding Ltd initial public offering (IPO) was on 30 October 2020
What is Lufax Holding Ltd website?
https://www.lufaxholding.com
Is Lufax Holding Ltd in the S&P 500?
No, Lufax Holding Ltd is not included in the S&P 500 index
Is Lufax Holding Ltd in the NASDAQ 100?
No, Lufax Holding Ltd is not included in the NASDAQ 100 index
Is Lufax Holding Ltd in the Dow Jones?
No, Lufax Holding Ltd is not included in the Dow Jones index
When was Lufax Holding Ltd the previous earnings report?
No data
When does Lufax Holding Ltd earnings report?
The next expected earnings date for Lufax Holding Ltd is 13 November 2024