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Lufax Holding Ltd Class A (HK:6623)
HKEX:6623
Lufax Holding Ltd Class A (6623) Stock Forecast & Price Target
1 Followers
See the Price Targets and Ratings of:
6623 Analyst Ratings
Currently, no data available
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6623 Stock 12 Month Forecast
There Are No Analyst Ratings for HK:6623 In The Last 3 Months.
| Highest Price Target― | Average Price Target― | Lowest Price Target― |
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.
6623 Financial Forecast
Detailed List of Analyst Forecasts
Bernstein
HK$22.00
Buy
15.55%
Upside
Reiterated
11/14/23
We expect net profit to almost double in 2024E. EPS expansion would be helped by 1) shifting towards a full guarantee model, 2) stabilizing APR at 20%, 3) new loan sales growth, as well as 4) expense reduction. Lufax plans to take 40% credit risk exposure by 2023E and to be fully converted in 2024E/25E, which would largely mitigate its inflating CGI premiums from Ping An P&C. We remain optimistic as LU shifts from a risk-free facilitator to a risk-taking co-lender. With APR stabilizing at 20%, we forecast Lufax's gross take rates to expand to ~12% and net take rates to resume to ~1.5% by the end of 2025E. We expect its net profits to grow by ~80% y-o-y in 2024E to RMB 2.7bn, and another ~60% y-o-y in 2025E to Too cheap to ignore.
Best Analysts Covering Lufax Holding Ltd Class A
Which Analyst Should I Follow If I Want to Buy HK:6623 and Sell After:
1 Month
3 Months
1 Year
Success Rate
1/1 ratings generated profit
Average Return
+19.00%
reiterated a buy rating 6 months ago
Copying Tianjiao Yu's trades and holding each position for 1 Year would result in 100.00% of your transactions generating a profit, with an average return of +19.00% per trade.
2 Years
The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.
6623 Analyst Recommendation Trends
Currently, no data available
Please return soon. This page is being updated.
Each month's total comprises the sum of three months' worth of ratings.
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6623 Stock Forecast FAQ
What is HK:6623’s average 12-month price target, according to analysts?
Currently, no data Available
What is HK:6623’s upside potential, based on the analysts’ average price target?
Currently there's no upside potential for HK:6623, based on the analysts’ average price target.
Can I see which stocks the top-ranking analysts are rating?
Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
How can I follow the stock ratings of top Wall Street analysts?
Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
Is Lufax Holding Ltd Class A a Buy, Sell or Hold?
Currently, no data Available
What is Lufax Holding Ltd Class A’s share price target?
Currently, no data Available
What do analysts say about Lufax Holding Ltd Class A?
Not enough analysts have published a price target to provide an average price target.
How can I buy shares of Lufax Holding Ltd Class A?
To buy shares of HK:6623, you can open a brokerage account. See exclusive account opening deals on our Best Online Brokers page.