Added to YB: 2024-03-21
Pitch date: 2024-03-20
LU [bullish]
Lufax Holding Ltd
+19.02%
current return
Author Info
Turtles all the way down! is a newsletter that shares short pitches on cheap stocks from all around the world. Sign up for their newsletter
Company Info
Lufax Holding Ltd operates as a financial service empowering institution for small and micro businesses in China.
Market Cap
$22.2B
Pitch Price
$2.23
Price Target
N/A
Dividend
N/A
EV/EBITDA
1.13
P/E
-4.72
EV/Sales
0.42
Sector
Consumer Finance
Category
value
Turtles Research Initiates Trade with Lufax Holding Ltd
LU: Lufax P2P lending firm 41% owned by Ping An, HK shares jumped pre-earnings on insider trading speculation, still trades at 14% tangible book & 7x fwd PE. Earned over market cap in 2021 peak, paid half in 2022 divs. Low fraud risk w/ Ping An backing. Speculative buy at $3.3.
Read full article (1 min)