Lufax: Look Past Q2 Performance And Focus On Strategic Pivot
LULUFAX(LU) Seeking Alpha·2024-09-10 18:29
YinYangI maintain my Buy investment rating for Lufax Holding Ltd (NYSE:LU) [6623:HK]. LU's shares have pulled back in recent weeks due to the company's poor Q2 bottom line performance and the omission of interim dividends. But Lufax has been making good progress with its strategic pivot, and the company is well-positioned to record positive net income again in FY 2025. As such, I remain bullish on LU with my unchanged Buy rating. The prior June 6, 2024 write-up was focused on LU's Q1 2024 operating metr ...