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LU - Lufax: Lower Funding Cost To Drive Loan Growth
Lufax Holding Ltd American Depositary Shares two of which representing one
2024-01-29 17:58:37 ET
Summary
The stock has been under pressure in recent times due to macro weakness in China.
Despite risks, I consider Lufax's current price attractive. I rate the stock a buy with a 1-year target price upside potential of 60%.
PAOB integration should help Lufax access lower funding costs to drive top-line growth and margin expansion.
Lufax Holding Ltd ( LU ) is a leading Chinese financial services provider focusing on providing small business owners with access to multiple loan products....