LU Lufax Holding Ltd - ADR

$LU The VPN I’m using in China is awful and keeps cutting me off from NA sites. It has been a few years and tech has changed. Arrived in Shanghai earlier today and will be attending the shareholder meeting. I also have a few meetings set up for Thursday/Friday with Lufax and a few other companies I have significant holdings / interested. Being down this much on LU, I felt I needed some face-to-face time. I’m also meeting with a few old colleagues in Hong Kong before coming back, which should be a blast and HK can be fun if you know the right places. No, I did not get a margin call. I never use margin. Yes, I did sell a few shares in the $1.19–$1.22 range on the day of the reverse split, but bids in place and got some up 1.00-1.01 already. I still hold the large majority of my position (avg $1.37 after my recent adds yesterday) and far underwater. Since I’m not sure when I’ll be able to post again, I sold some $QFIN at an average of $6.85 for some profit but bids in place.

$LU My connection is still flaky, but hopefully it will be better in HK on Sat. I now have plans to meet with a PADB executive in HK. It's past midnight here, and I'm dizzy from exhaustion between the time change and the early EGM. The EGM was as useless as expected (used a translator), but the connections were golden and why I made the trip. All the directors attended, and most speak good English, which is fortunate since my Mandarin is still awful (I used English when I worked in HK). After my lunch and dinner meetings, I decided to increase my position significantly and made the trip well worth the effort. Over the past hour, I added another 22% to my holdings between $0.92 and $0.94, with more bids still in place since I need to crash. My average is now down to $1.22 with this add, and I'm sitting on the biggest unrealized loss of my trading life. Go big or go home I guess.

$LU $QFIN Going to be a wild next two weeks. I will also throw out that the 2026 Financial Street Forum is taking place in Beijing from October 19–22. China's financial regulators have explicitly stated that they will unveil a series of financial reform and development policies during the event. The forum includes the PBOC, NFRA and CSRC. Given the history of major announcements at this event, I'd give it a 50/50 coin flip that we get some clarity on the proposed fintech lending rules, potentially setting the stage for a much-needed relief rally once these are known. Minimum we get some big financial-policy announcements. Today's speech by NFRA leadership will be the biggest clue and relaxation to proposed lending restrictions. With China consumer lending contracting and lousy China's lending market conditions in general, it wouldn't surprise me to see regulators ease up. The last thing China needs right now is to squeeze consumer credit even further.

$LU this is what i think !!! POS are desperately trying to crash the stock ?! number to watch next week is how much of the impairment was new loans , if CM-3 flowrate hasn`t deteriorated then the long forseen monopoly is upon us and lufax is scooping up market share with impunity . they are getting desperate trying to hide how profitable the company is and poised to become !!! if revenue increases same rate next 2 years , lufax might be printing 4 billions USD but you don`t need me to tell they won`t share that with us anyway , i logged my complaints so regulators don`t pretend they didn`t know or they acted in good faith.

$LU Lufax Holding Ltd (NYSE: LU) trades at $8.06 following a 1-for-10 reverse American Depositary Share (ADS) split, with Wall Street consensus price targets ranging from $14.00 to $20.00

$LU pretty dumb reaction from the market, nothing new from the report, profit warning already issued days before. Governance risks remain unchanged so price should be logically at least unchanged. But then I see the improving delinquencies numbers and management CC attributing the losses to one time tax expenses and increase in provisions due to change in regulatory environment regarding post loan collections. Highlighted by management as a temporary issue. Long term thesis remains intact. The only negative is the increase in C-M3 ratio to 1.2% which I will monitor for the up coming quarter.

$LU fear not! JT of course managed to buy the intraday lows and brought his average down to 89 cents. He just added another 6 million shares, cause... Why the heck not?

$LU Why the current board is the last one I'd expect to pull the HK listing: This board was rebuilt specifically to get HK trading back. In July, 4 Ping An-linked directors incl. the CFO left. What's left is mostly independent directors, with CEO Ji the only exec: • Ernest Ip: ex-PwC partner, audit committee chair • Siu Hong Cheng: 35+ yrs in finance, INED at HK Interbank Clearing • Wai Kin Chim: 40 yrs banking/risk, INED at OCBC HK • Tina Lee: 40+ yrs legal & banking These people built their careers and board seats in HK's financial establishment. Signing off on pulling the listing they just spent 20 months restoring, followed by a lowball squeeze-out, would torch that reputation and invite SFC scrutiny. INEDs owe duties to all shareholders, and a Cayman merger plan needs board approval. Ping An could replace them, but that would be the loudest red flag possible. Until then, this board protects minorities rather than threatening them.

$LU Technical moves are funniest when one conflates them with fundamentals. Take the gift and thank the lord for your good fortune.

$LU is ping orchestrating this move to crush the us holder? with plans to come in and make a low-ball tender offer ?

$LU Decided to average down today. Brought my average down to $1.50, from $1.70. Had bought some in the 2s a while back. Tough times, but once past these write offs, seems like the current loans written in 2026 are good, which bodes well for 2027-2028. A true turnaround play. Massive cash assets and book value.

$LU someone should join their earnings calls ask management if they know ping an can buy a 0.07-0.01 p/b stock and they should at least implement a share buyback or a tender offer or a dividend

$LU We all knew that the price would get here - but we were hoping that it was from value and not a reverse split! FML

Been buying some serious quantities of $ QFIN and $LU the past few days to average down. Hoping we put in a bottom soon. But nobody ever knows. My averaged price is still 40% down, so will have to wait for the full recovery. But at least QFIN and probably LU will provide some dividends while we wait. This is the ultimate contrarian play. Very hard to buy when you hear all the bad stuff. But both companies have plans and plenty of liquidity to turn this around. I remember when IMAB was down to .50, then shot up to almost $7, so anything is possible with Chinese stocks.

$LU Quick take on China's new online financial marketing rules (since Sept 30): $QFIN takes the bigger hit. The rules ban sub-delegated traffic, API "seamless" diversion and referring rejected borrowers to other platforms, exactly where ICE/referral and embedded-finance channels sit. Redirects must land on the lender's own platform: likely lower conversion, higher acquisition costs. Unclear if embedded H5/API setups qualify. Nobody can say yet how this hits the financials. Q3 (referral revenue, S&M, new borrowers) is the first real read. $LU looks neutral to slightly positive. It lends via its own licensed consumer finance arm with 100% credit risk on new loans, so it's no traffic reseller. Growth leans on repeat borrowers, not paid acquisition. Caveat: consumer finance is ~72% of new loans and partly online, so marketing costs matter. But vs. peers built on API traffic and loan supermarkets, the rules raise the bar for competitors more than for LU. Disclosure: I hold both.

$LU fear not, tomorrow, johnTill will tell you that he quadrupled his position today at 1.05 and brought his average to 1,09. "Perfect, only, 3 pennies till I'm green".

$LU well someone knows something and loaded pretty hard, lets see if mindless shorting and panic selling continues ? Im speechless that we are even at this levels but what do i know? Im just a dumb retail investor

$LU $KWEB KWEB is trading at roughly 10–11x price/cash flow right now, well below its long-term average of around 17x and close to the 2023 lows. P/CF history (approx.): 2017: 22.8x 2018: 21.7x 2019: 20.9x 2020: ~28x 2021: ~20x 2022: 14.2x 2023: 9.7x 2024: 11.1x 2025: ~17x Now: ~10–11x The China internet sector is clearly priced at a discount to its own history. LU has moved fairly closely with KWEB over the past two years, so once the sector re-rates, LU should get a tailwind and has a good chance to recover as well.

$LU How can I dissect the amount of previously recorded impaired losses that are booked back as a gain during the reporting period? Shouldn't these appear under "Other gains/losses - net" on the income statement? Why aren't they?

$LU dont know about u guys but im actually super happy with this RS, now officially all potential bad things happened, HKEX relisting is a fact, i mean now no external issues, now we just sit and wait for the actual business to show good signs and we are a normal stock again. It sure sucked shortterm with all the nonsense but longterm everything bad already happened, what more can they throw at us ? i see nothing as dramatic as what already happened.