$Genetron (GTH.US)$ With performance growth and stock price decline, can it be time for bottom fishing?
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$Lufax (LU.US)$ It is estimated that it will consolidate between 6-7 for a while! Be patient and wait for the annual report and dividends!
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$Lufax (LU.US)$ When will the annual report be released? Bullish after the annual report is released!
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$Lufax (LU.US)$ Stand firm at 6, look ahead to 7, return to 8, mid-year 9, end of year 10, target 11.
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$Lufax (LU.US)$ 4.34, currently the lowest price of the year.
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$Lufax (LU.US)$ Regarding buybacks, the stock price has not risen! Regarding dividends, it has dropped to the lowest point! The only way out is privatization! The current market cap is 12 billion USD, less than 100 billion RMB! If privatized at 8 USD, the market cap would be approximately 19.6 billion USD. For reference!
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$Lufax (LU.US)$ If LU buys back 700 million, at $6.5/share, about 100 million shares will be repurchased, about 4%!
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$Lufax (LU.US)$ Based on recognition of the company's business performance, Lu Jinso disclosed its dividend policy for the first time. Starting in 2022, it plans to distribute recurring cash dividends to shareholders at a ratio of 20%-40% of its net profit for the previous fiscal year. Furthermore, the company continues to promote the share repurchase plan. As of September 30, the first round of the 300 million US dollar repurchase plan has been completed; another round of repurchases worth 700 million US dollars is also progressing in an orderly manner. It has completed the repurchase of nearly 37 million ADS shares, at a cost of nearly 300 million US dollars.
Analysts pointed out that in Lu Jinsuo's current retail credit and wealth management businesses, retail credit contributes most of the revenue and has achieved very good results in the third quarter. However, the company's retail credit business mainly targets the medium to large financing credit needs of small and micro business owners. In the current situation where the epidemic is repeated, once production and operation activities slow down or stagnate again, it is also easy to incur a large number of bad debts, dragging down performance. Lack of confidence also makes it difficult for the company's stock price to improve.
Analysts pointed out that in Lu Jinsuo's current retail credit and wealth management businesses, retail credit contributes most of the revenue and has achieved very good results in the third quarter. However, the company's retail credit business mainly targets the medium to large financing credit needs of small and micro business owners. In the current situation where the epidemic is repeated, once production and operation activities slow down or stagnate again, it is also easy to incur a large number of bad debts, dragging down performance. Lack of confidence also makes it difficult for the company's stock price to improve.
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