$LU is trading at 0,10x book (after dividends). If it profits US$ 600 MM 2025, trading at 10x p/e, it would be a fivebagger (after dividends) very quickly
There are only 4 companies listed in the US with a negative Total Enterprise Value and a Return on Invested Capital of >10% over the past year.
Three of them are Chinese ADRs (NOAH, YRD & LU) and QIWI is the other (but it is Russian and not traded now).
Why wouldn't you continue to hold NOAH (or buy it back in a dip) given their financial resilience over a very challenging period and their conservative balance sheet?
@IJW what platform do you use to buy 2283:HK? I'm interested on your take between LU vs YI. LU way below book value and YI trading around 1x net cash. Which is more attractive to you relatively speaking?
$LU is trading at 0,10x book (after dividends). If it profits US$ 600 MM 2025, trading at 10x p/e, it would be a fivebagger (after dividends) very quickly
There are only 4 companies listed in the US with a negative Total Enterprise Value and a Return on Invested Capital of >10% over the past year.
Three of them are Chinese ADRs (NOAH, YRD & LU) and QIWI is the other (but it is Russian and not traded now).
Why wouldn't you continue to hold NOAH (or buy it back in a dip) given their financial resilience over a very challenging period and their conservative balance sheet?
https://www.prnewswire.com/news-releases/noah-holdings-limited-announces-unaudited-financial-results-for-the-fourth-quarter-2023-and-audited-financial-results-for-full-year-2023-302099757.html
@IJW what platform do you use to buy 2283:HK? I'm interested on your take between LU vs YI. LU way below book value and YI trading around 1x net cash. Which is more attractive to you relatively speaking?