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LU Lufax Holding Options Ahead of EarningsIf you haven`t bought LU here: Then analyzing the options chain and the chart patterns of LU Lufax Holding prior to the earnings report this week, I would consider purchasing the 1.00usd strike price in the money Calls with an expiration date of 2024-1-19, for a premium of approximately $0.45. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:LULong
by TopgOptions
LU Lufax Most Undervalued Chinese StockFor the China reopening thesis i think LU Lufax Holding is the one of the most undervalued stocks you can own right now! And i will tell you why! LU Lufax Holding has a ridiculous PE Ratio (TTM) of only 1.81! The Forward Dividend & Yield is 0.51 (21.79%)! Last year the stock was $18.30. It has lost most than 90% of its value, while the business is growing and pays dividends. The yield alone is a big gain, even if the price stays flat. Last year Morgan Stanley had a price target for LU of $13 while JPMorgan Chase of $15. 3rd biggest shareholder is BlackRock, with an estimated average of $6.11. You can but the stock now 3 times cheaper than BlackRock. The average daily volume in the past 3 months is high, more than $10Mil daily (i think someone is accumulating). My price target is the $7.10 resistance. I believe LU is a premium call. Looking forward to read your opinion about it!
NYSE:LULong
by TopgOptions
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