Lufax Holding (LU)

• Market cap: $2.13B
• 1 day: 2.07%
• 5 days: -9.89%
• 1 month: 2.07%
• 3 months: 8.37%
• 6 months: 10.81%
• Year to date: -15.75%
• 1 year: -11.83%
• 5 years: -95.21%
• 10 years: -95.21%

About: Lufax Holding Ltd is a technology-empowered personal financial services platform in China. The company address the large unmet demand for personal lending among small business owners as well as salaried workers in China and provides tailor-made wealth management solutions to China's middle class and affluent population. Its platform has two hubs namely Retail Credit Facilitation Hub and Wealth Management Hub.

Employees: 92,380

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

34% more capital invested

Capital invested by funds: $211M [Q2] → $283M (+$71.3M) [Q3]

23% more repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 26

2% more funds holding

Funds holding: 112 [Q2] → 114 (+2) [Q3]

8% more first-time investments, than exits

New positions opened: 26 | Existing positions closed: 24

2.94% less ownership

Funds ownership: 7.61% [Q2] → 4.67% (-2.94%) [Q3]

47% less call options, than puts

Call options by funds: $2.35M | Put options by funds: $4.39M

50% less funds holding in top 10

Funds holding in top 10: 2 [Q2] → 1 (-1) [Q3]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $3.20 30% upside
• Avg. target: $3.20 30% upside
• High target: $3.20 30% upside

1 analyst rating

• positive: 0 0%
• neutral: 1 100%
• negative: 0 0%

Jefferies Thomas Chong 50% 1-year accuracy 6 / 12 met price target

30% upside $3.20

Hold Reinstated

24 Oct 2024