Lufax Holding (LU) Reports In-Line Q4 EPS

Lufax Holding (NYSE: LU) reported Q4 EPS of $0.19, in-line with the analyst estimate of $0.19.

Business Outlook:

For the first quarter of 2021, the Company expects its new loan sales to be in the range of RMB175 billion to RMB180 billion, client assets to be in the range of RMB385 billion to RMB395 billion, total income to be in the range of RMB14.3 billion to RMB14.6 billion, and net profit to be in the range of RMB4.0 billion to RMB4.2 billion.

For the first half of 2021, the Company expects its new loan sales to be in the range of RMB340 billion to RMB350 billion, client assets to be in the range of RMB375 billion to RMB385 billion, total income to be in the range of RMB28.5 billion to RMB29.3 billion, and net profit to be in the range of RMB7.8 billion to RMB8.0 billion.

These forecasts reflect the Company’s current and preliminary views on the market and operational conditions, which are subject to changes.

For earnings history and earnings-related data on Lufax Holding (LU) click here.

You May Also Be Interested In

• Jefferies upgrades Shopify to Buy on AI commerce tailwinds, sees 30% upside
• Disney initiated at Buy as analyst sees parks, streaming fueling next growth phase
• Macquarie cuts Macau gaming sector forecasts on weak GGR growth