Lufax Holding Ltd (LU)

Larger cap than AAL, nooooo thanks

Looks like the lockdowns will cost Lufax around a billion USD this year. Amazing how they are still so profitable.

Is LU going to be delisted? On the company website the LU management acknowledged that the SEC has listed LU as non-compliant. I have not seen any updates since May 10th. Fearful to put a dollar back into this yet. Anyone can share a update or article stating compliance strategy?

Any shareholders showing their dividends posted to accounts, this morning? It was supposed to happen "on or about" today. Thanks.

In their just released annual report Lufax reported an income of 2,5 billion USD for 2021. Out of the 700 mln USD buy back program authorized in August 2021, they have bought 86 mln shares so far and still have 123 mln USD worth left to buy back further shares! Management have already bought 5 mln USD worth of shares at much higher prices than current. This is a hugely undervalued company vs their tremendous income and buyback + dividend program in place. Further PingAn the biggest China insurance company is a major shareholder and business partner!

Time for LU to rise now, next week may see a big gap up...

Those are interested, this will be the lowest point ever. After this will be a 5x 10x stock for a great Christmas and New Year present. If Lemonade can rise to over $100, this stock is much much more potential than that.. (Check out Ping An) Blooming market in China for this Fintech Insurtech industry. Great Looking ahead.

I think the price is due to the China's side of legislation now overlooking the hold financial industry, but this is just a temp case.

LU has Ping An backed up, is unlike Ant. Ping An has proper stronger and solid entity in China.

Revenue increases 5.9%. Net profit increases 17.4%

Anyone else got Fear of Missing out? I could not resist buying lots of chinese stocks today.
Who has some more suggestions, preferably with growing profits, 10% dividend, share buybacks and below cash value haha.
$YY $JFIN $LU $LX $FINV $QFIN

Who is holding

ALL IN