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Lufax Holding Ltd.
LU Details
Lufax Holding Ltd. (NYSE: LU) is a major China-based technology-enabled personal financial services platform. LU's customer-centric product offerings and offline-to-online channels are largely used to deliver retail credit facilitation services to Chinese small and salaried workers. It also provides tailor-made wealth management solutions to China's rapidly increasing middle class. LU has 4.92 billion American Depository Shares (ADS) listed and outstanding (every two ADS represent one ordinary share).
Latest News:
9MFY21 Results:
Outlook:
Valuation Methodology: Price/Book Value Multiple Based Relative Valuation
(Analysis by Kalkine Group)
* % Premium/(Discount) is based on our assessment of the company's NTM trading multiple after considering its key growth drivers, economic moat, stock's historical trading multiples versus peer average/median, and investment risks.
LU Daily Technical Chart (Source: REFINITIV)
Stock Recommendation:
LU's share price has fallen 62.50% in the past nine months and is currently leaning close to the lower end of its 52-week range of USD 5.14 to USD 18.30. The stock is currently trading below its 50 and 200 DMA levels, and its RSI Index is at 41.26. We have valued the stock using the Price/Book Value-based relative valuation methodology and arrived at a target price of USD 6.79.
Considering the significant correction in the stock price, strong financial performance, current valuation, and associated risks, we recommend a "Buy" rating on the stock at the current price of USD 5.50, down 1.93%, as of January 03, 2022, at 9:51 AM ET.
* The reference data in this report has been partly sourced from REFINITIV.
* All forecasted figures and industry information have been taken from REFINITIV.
* Depending upon the risk tolerance, investors may consider unwinding their positions in a respective stock once the estimated target price is reached.
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