Equity Research Report: Lufax Holding

Equity Research Report: Lufax Holding

Equity Research Report: Lufax Holding

Financials Author: Skye Lan Jan 01, 2021 12:00 AM (GMT+8)

ContributorsIvan Platonov

EditorLuke Sheehan

Pages23

CopyrightEqualOcean Intelligence

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Introduction

Equipped with Ping An's data and client pool, wealth management platform Lufax Holding is positioned to benefit from China's growing middle class. EqualOcean presents its first equity research report on the company, touching upon various facets of its business.

Highlights

  • Lufax is a value creator that ranks the second and the third in China's credit and wealth management markets respectively, among all the non-traditional financial service providers
  • It is dominating the high-end segment of the market
  • Lufax's current client acquisition strategy is diverse and well-balanced
  • We set the price target at USD 22.9 per ADS, 67% higher than USD 13.76 on December 28, 2020

Contents

  • 1 Business overview
  • 2 Growth drivers
  • 3 Risks and perils
  • 4 Forecast and valuation

In this report

16
graphs

comprehensively dissecting the company's business layout and market positioning

10
charts

drawing an overall picture of the market trends and the company's business strategies and how they drive its future development

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