Lufax: Stimulus In China, Quarterly Improvements, And Dirt Cheap
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Lufax is poised to benefit from China's stimulus policies, showing improvements in delinquency rates and loan growth. Despite a net income drop, its strong balance sheet and undervaluation suggest potential stock price gains.
December 24, 2024 | 10:45 am
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Lufax is expected to benefit from China's stimulus policies, with improved delinquency rates and loan growth. Despite a net income drop, its strong balance sheet and undervaluation suggest potential stock price gains.
Lufax's business model aligns well with China's stimulus policies, which should drive loan growth. Improved delinquency rates and a rise in borrowers indicate operational improvements. Although net income decreased, the company's undervaluation and strong balance sheet provide a solid foundation for potential stock price appreciation.
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