Noah Holdings Lowers Profit Forecast Amid Market Turmoil, Pandemic Lockdowns
The wealth management company has cut its profit projection for the whole year by up to 35.5%Key Takeaways:Noah Holdings revised down its non-GAAP annual net profit forecast from a maximum…
FAST NEWS: Noah Seeks to Upgrade Hong Kong Listing Status
The latest: Noah Holdings Private Wealth and Asset Management Ltd. (NOAH.US; 6686.HK) announced Wednesday that its board has approved allowing the company to convert its Hong Kong listing from secondary…
Wealth Manager Noah Banks on Hong Kong to Revive Fortunes
The Chinese financial firm serving high-net-worth investors will soon list on the Hong Kong Stock Exchange to fund its business expansion. (more…)
FAST NEWS: Noah Holdings Posts Sharp Revenue Decline, Shares Plunge
The latest: Chinese wealth manager Noah Holdings Ltd. (NOAH.US) reported first- quarter revenue of 796 million yuan ($125.5 million) on Wednesday, down 35% from the same period of 2021 and…
FAST NEWS: SEC Doubles Number of Chinese Companies at Risk of Delisting
The latest: The U.S. Securities and Exchange Commission (SEC) on Tuesday added 12 company names to a growing list of New York-traded Chinese firms that could be delisted for failing…
Noah Holdings Stung by High Costs Amid Pivot to China’s Rich
Investors dump asset manager’s shares after its latest quarterly report shows heavy spending eroded profit margins Key points: Asset manager Noah Holdings’ second quarter revenue grew 20%, but margins got…
Noah Holdings Finds Resurgent Riches in China’s Wealthy
One of the nation’s oldest private wealth managers posts record business in first quarter, but forecasts more modest profit gains for all 2021 Key points: Asset manager Noah Holdings is…
