Lufax Holding Ltd - ADR Stock News

SHANGHAI , May 13, 2025 /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 that it received a notice from the New York Stock Exchange (the "NYSE") that, as the Company has not timely filed its annual report on Form 20-F for the year ended December 31, 2024, the Company i...

Lufax Holding has been affected by the selloff in stocks due to tariffs, but the cut in share prices could be an opportunity. The charts suggest the stock is due for a bounce after reaching what is likely to be support, which makes for a good entry point. Lufax Holding has a low valuation with a price-to-book in the teens, but the pessimism may not be totally warranted.

China's economic pivot away from the US dollar and towards the yuan positions, Lufax Holdings to benefit from increased international yuan trade and potential Chinese business dominance. Lufax Holdings is undervalued, trading at a 75% discount to equity, presenting a significant margin of safety for investors despite current financial losses. Despite risks like potential Western sanctions, curr...

Lufax is well-positioned to benefit from China's recent stimulus policies, with significant business connections and expertise in offering business loans. The company's recent quarterly report shows improved delinquency rates, a substantial increase in new loans, and a 24.1% rise in cumulative borrowers. Despite a decrease in net income, LU's solid balance sheet and undervaluation suggest signi...