Lufax, a post course general analysis
@moomoo TA Cici
Lufax is a technology powered financial services provider in China. It gives credit facility and wealth management platform services. Set up in 2014, it is growing as financial indicators showed:
PE: 5, PB: 1, and a sustainable ROE of 5% on quarterly basis.
These attractive indications perhaps imply relatively high risk profile as Lufax is deemed as a single segment business, and operates solely in China.
On technical basis, I analysed using Candlestick charts. Daily chart showed high trading volatility with a bearish sentiment. Weekly and monthly charts confirmed continued weakness of share price, perhaps due to the general global negative sentiment towards investing in China stocks.
Lufax is a technology powered financial services provider in China. It gives credit facility and wealth management platform services. Set up in 2014, it is growing as financial indicators showed:
PE: 5, PB: 1, and a sustainable ROE of 5% on quarterly basis.
These attractive indications perhaps imply relatively high risk profile as Lufax is deemed as a single segment business, and operates solely in China.
On technical basis, I analysed using Candlestick charts. Daily chart showed high trading volatility with a bearish sentiment. Weekly and monthly charts confirmed continued weakness of share price, perhaps due to the general global negative sentiment towards investing in China stocks.
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