NOAH - Noah Holdings Limited
| Previous Close | 31.38 |
| Open | 31.34 |
| Bid | 0.00 x 1000 |
| Ask | 35.00 x 1000 |
| Day's Range | 30.89 - 31.67 |
| 52 Week Range | 28.17 - 60.14 |
| Volume | 167,714 |
| Avg. Volume | 506,650 |
| Market Cap | 1.879B |
| Beta (3Y Monthly) | 1.95 |
| PE Ratio (TTM) | 15.01 |
| EPS (TTM) | 2.08 |
| Earnings Date | Aug 28, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | 2013-03-18 |
| 1y Target Est | 40.82 |
- Bloomberg
Noah Holdings’s CIO Remains Constructive on China’s A-Share Market
Aug.19 -- William Ma, chief investment officer at Noah Holdings, discusses the revamp of China’s interest rate framework, what it means for equity markets and where he’s finding opportunity. He speaks on “Bloomberg Markets: China Open.”
- Simply Wall St.
Why Noah Holdings Limited (NYSE:NOAH) Could Have A Place In Your Portfolio
Attractive stocks have exceptional fundamentals. In the case of Noah Holdings Limited (NYSE:NOAH), there's is a...
- Thomson Reuters StreetEvents
Edited Transcript of NOAH earnings conference call or presentation 29-Aug-19 12:00am GMT
Q2 2019 Noah Holdings Ltd Earnings Call
- InvestorPlace
10 Stocks to Buy to Ride China’s Emerging Wealth
A recent statistic from GlobalData said that the affluent population in China, which includes both mass affluents and high-net-worth individuals, is expected to grow by 41% from 40.13 million to 56.67 million. Chinese stocks will benefit from this ongoing surge in the number of wealthy people in the country. According to GlobalData, the "mass affluent" includes anyone with liquid assets between $50,000 and $1 million, while the "high-net-worth individual" is anyone with liquid assets of more than $1 million. China is home to the third-highest number of affluent people behind only the U.S. and Japan. "This growth will be driven by rising levels of urbanization, infrastructure expansion, and high investment inflows in the country. Going forward, the number of affluent Chinese individuals is forecast to grow at a similar rate, reflecting the country's positive economic growth," stated Shivani Gupta, Wealth Analyst at GlobalData. InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Best Tech Stocks to Buy Right Now So, which Chinese stocks will win between now and 2022? A likely place to start for stocks to buy are those companies focused on retail, both online and off. Not all of them will be based in China to benefit from the surge in the affluent population. Here are what I believe to be the 10 stocks to buy to ride this trend. Stocks to Buy: New Oriental Education (EDU)Source: Shutterstock New Oriental Education (NYSE:EDU) is the largest provider of private educational services in China. Those with the means to provide their children with additional schooling and tutoring are going to do so. EDU stock will benefit from this demand. On July 23, New Oriental announced its fourth-quarter results. They were extremely healthy. On the top line, net revenue increased by 20.2% compared to last year to $842.9 million, with operating income up 36.0% to $77.0 million. In fiscal 2019, New Oriental saw sales increase 26.5% to $3.1 billion, with operating income rising 16.2% to $305.5 million. During the fourth quarter, the company saw total student enrollments in academic subjects tutoring and test preparation courses increase by 33.9% to 2.8 million people, with the number of schools and learning centers increased by 152 to 1,233. On Aug. 29, EDU stock hit a 52-week high of $112.49. Its stock is up 98.4% year to date. New Oriental continues to be one of my favorite Chinese stocks. Alibaba (BABA)Source: Nopparat Khokthong / Shutterstock.com As Chinese stocks go, Alibaba (NYSE:BABA) has the highest potential to do big things outside its domestic market. While the Chinese market is massive, it is the market share that it can capture outside of China that will dictate how big it becomes. The e-commerce dynamo recently had a bit of a setback. It had planned to list its shares in Hong Kong by doing a secondary offering to raise a little cash and more importantly, bring its stock a little closer to home. Unfortunately, with all the protests going on over there, it decided to delay its Hong Kong listing until the fall or later. As I wrote on Aug. 26, it's not a big deal because of the company's firing on all cylinders at the moment. Its e-commerce and cloud businesses had revenue growth of 40% and 66% year over year in the latest quarter. It finished the quarter with $30.7 billion in cash. Alibaba stock is up 24% year to date. Nio (NIO)Source: THINK A / Shutterstock.com For Nio's (NYSE:NIO) sake, the affluent in China better be buying both its ES8 (7-seater) and ES6 (5-seater) over the next 12-24 months, because if they're not willing to fork over the dough for the tech-heavy SUV, it's unlikely that the middle class will be ready to spend the money. Also, the Chinese government is winding down the EV and plug-in hybrid subsidies. By the end of 2020, they should be gone. Adding to Nio's troubles, Tesla (NASDAQ:TSLA) is expected to begin manufacturing the Model 3 in China by the end of 2019. Those Tesla's will come with lower prices due to the lack of a tariff on the vehicles. I've been very tough on Nio in the past year because it loses more money than it generates in sales. That's not a sustainable business model. However, it's hard to deny that its vehicles are attractive. * The 8 Worst Stocks to Buy Before the Trade Turmoil Cools Off At less than $3, NIO stock is a good buy, but for aggressive investors only. Ctrip.com (CTRP)The one thing I know about the wealthy is that they love to travel.Carlyle Group (NASDAQ:CG) Co-Chairman David Rubenstein recently had an interesting story to share with Ctrip.com (NASDAQ:CTRP) CEO Jane Sun while speaking together at the 2019 Aspen Action Forum in Aspen, Colorado. Rubenstein mentioned that he had invested in the Chinese travel service provider back in 2003 when it was valued at $100 million. Rubenstein sold his stock for a 450% profit."At the time, we thought how brilliant are we? The company is today worth USD $21 billion. I guess I sold too soon, right?" Rubenstein told the Aspen audience. "I'm sure that the travel industry will continue to grow, and Ctrip's will capitalize on those opportunities," Sun said. "And I hope we can live up to the expectations of promoting the global economy and global peace."Although geopolitical issues are affecting leisure and corporate travel in China at the moment, the long-term prognosis continues to be good as the affluent look to do more air travel than in the past. China Life Insurance (LFC)Source: GotCredit via FlickrChina Life Insurance (NYSE:LFC) is one of the largest life insurance companies in China. It has more than 285 million life insurance policies, annuities, and other financial contracts in place. It is also one of the country's largest asset managers due to its controlling stake in China Life Asset Management Co. Ltd. The insurer reported its latest quarterly report on Aug. 22. Its net profit was 129% higher year over year to $5.3 billion. Its total premiums increased by 5% during the quarter and its stock is up 12.8% year to date through Aug. 28.In November, I suggested that LFC stock was one Chinese stock I thought was worth buying given it had lost 31% with one month left in 2018. Since then it's up 14%. * 7 Stocks to Buy Down 10% in the Past Week 68%-owned by the Chinese government, some investors might not feel all that comfortable about their investment. I'm not one of them. It is the Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B) of China. Autohome (ATHM)Source: Shutterstock As I mentioned in the section on Nio, the affluent are big car buyers. Autohome (NYSE:ATHM) provides consumers in China with the information and services required to successfully buy a car, including financing, insurance, used car sales, etc. The company announced its second-quarter results Aug. 7 and they were very healthy. On the top line, Autohome's revenue increased by 23.5% to $323.2 million. On the bottom line, net income increased by 14.9% to $119.7 million. That's a very impressive net margin of 37%. "In the second quarter, we maintained the solid growth momentum in our core business. Our new initiatives once again picked up steam and gained positive market recognition," stated CFO Jun Zou.On Aug. 18, Autohome held the world's first virtual reality auto show with more than 80 auto brands and over 2,400 dealers taking part. It plans to do more of this type of activity in the future to increase the exposure of the auto industry in China. If Autohome keeps this up, you can be sure the profits will continue to roll in. Noah Holdings (NOAH)If there's a Chinese stock that confuses me, it's got to be Noah Holdings (NYSE:NOAH). The Shanghai-based wealth manager aims to service clients with a net worth of a least $140,000. I've recommended it on several occasions in the past because I felt the growing middle class in China, not to mention the affluent class, would provide it with plenty of business. However, despite having more than $25 billion in assets under management and a growing online presence, its stock has lost half its value since reaching a $4 billion market cap in May 2018. As the Financial Times recently reported, the company distributed products involving supply-chain financing from a third party to its clients that turned out to be fraudulent. Noah reported Q2 2019 earnings on Aug. 28. In its conference call, NOAH openly dealt with the issue and feels the incident will eventually be in the rearview mirror. * 10 Stocks to Buy for September Do your due diligence on Noah, but this latest issue won't change my opinion about the company. I still believe it's got an excellent opportunity to win over a big chunk of the Chinese wealth management business. LVMH (LVMH)Source: Shutterstock If there's a company to benefit from the increase in affluent people in China, it would have to be LVMH (OTCMKTS:LVMUY), whose Louis Vuitton bags, Tag Heuer watches, and Moet & Chandon champagne are fashionable in the country of 1.4 billion people. In June, Vuitton Chief Executive Michael Burke said that Louis Vuitton is experiencing "unheard of growth rates" in China. The Chinese are buying more handbags and watches domestically than they are while traveling outside the country. One of the advantages for LVMH is that the Chinese have lowered tariffs from European products to encourage consumers to buy in China instead of overseas, and then resell them once back on the mainland. Regardless of what's happening with the U.S.-China trade war, LVMH CEO and founder Bernard Arnault continues to build a retail conglomerate like no other. Arnault is currently the world's third-richest person with a net worth of $96.0 billion, $27.4 billion higher in 2019, vaulting him $16 billion ahead of Warren Buffett. China will continue to be good for both LVMH and Arnault. Manulife Financial (MFC)I thought I would throw in a Canadian company that's doing well in China. Manulife Financial (NYSE:MFC) is primarily a life insurance company. It owns John Hancock in the U.S. and has a large wealth and asset management business.In the second quarter ended June 30, Manulife had C$1.45 billion in core earnings, C$471 million from its Asian business, which represents 32% of its overall earnings. By contrast, its Canadian insurance business accounts for 21% of its core earnings while the U.S. is responsible for 30% of its core earnings. Its global wealth and asset management business accounted for the remaining 17%. CEO Roy Gori, who ran the company's Asian business before taking the top job, said about the second quarter:"We delivered solid core earnings and net income of $1.5 billion in the quarter, with double-digit core earnings growth in Asia," Gori stated. "We have also taken steps to further strengthen Manulife's long-term growth opportunity in Asia, including entering into an asset management joint venture agreement in India." * 10 Marijuana Stocks That Could See 100% Gains, If Not More Although the company's Asian head office is in Hong Kong, it also has offices in Shanghai and Beijing. The company's first insurance policy in Asia was sold in Shanghai in 1897. iShares MSCI China (MCHI)Source: Shutterstock One of the quickest and easiest ways to benefit from the surge in affluent people in China is to buy an ETF like the iShares MSCI China ETF (NYSEARCA:MCHI), which provides exposure to a portfolio of mid-sized and large-sized companies based in China. The ETF tracks the performance of the MSCI China Index. It has a total of 462 holdings with a significant number of Chinese financial stocks that aren't listed in the U.S. Given wealthy people generally are in greater need of financial services, owning this ETF would help you ride the affluent trend. It charges 0.58% annually, which is reasonable given that many of the stocks can't be bought on a U.S. exchange. The ETFs top 10 holdings account for 48% of its $3.5 billion in total assets. The top three sectors: consumer cyclical, financial services, and technology, account for 67% of its total holdings. The average market cap is $67.3 billion. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Best Tech Stocks to Buy Right Now * 10 Mid-Cap Stocks to Buy * 8 Precious Metals Stocks to Mine For The post 10 Stocks to Buy to Ride Chinaas Emerging Wealth appeared first on InvestorPlace.
Motley FoolNoah Holdings Limited (NOAH) Q2 2019 Earnings Call Transcript
NOAH earnings call for the period ending June 30, 2019.
- PR Newswire
Noah Holdings Limited Announces Unaudited Financial Results for the Second Quarter of 2019
SHANGHAI , Aug. 28, 2019 /PRNewswire/ -- Noah Holdings Limited ("Noah" or the "Company") (NYSE: NOAH), a leading wealth and asset management service provider in China with a focus on ...
- PR Newswire
Noah Holdings Limited to Announce Second Quarter 2019 Financial Results on Wednesday, August 28, 2019
Earnings Conference Call to be held on Wednesday, August 28, 2019 at 8:00 p.m. (U.S. Eastern) / Thursday, August 29, 2019 at 8:00 a.m. ( Hong Kong ) SHANGHAI , Aug. 15, 2019 /PRNewswire/ -- Noah Holdings ...
- Simply Wall St.
The Noah Holdings (NYSE:NOAH) Share Price Is Up 93% And Shareholders Are Holding On
Some Noah Holdings Limited (NYSE:NOAH) shareholders are probably rather concerned to see the share price fall 33% over...
- GuruFocus.com
Beware of These Traits Before Investing in Chinese Companies
Investing in Chinese stocks for decent long-term, risk-adjusted returns is more challenging than you think Continue reading...
- Bloomberg
Default Isn't a Bad Word. Recovering $0, That's Scary
(Bloomberg Opinion) -- Before being detained by police in Shanghai, Lo Ching was lauded as the new-age Hua Mulan, the legendary female Chinese warrior. Now the downfall of Lo, chairman of a Hong Kong-listed conglomerate, has become a parable of the dangers of investing in China. Noah Holdings Ltd., one of China’s largest wealth managers catering to high-net-worth individuals, is among the first to find out. The U.S.-listed asset manager has filed a lawsuit against Camsing International Holding Ltd. related to a 3.4 billion yuan ($490 million) credit product in danger of default, according to a filing this week. The word default, itself, isn’t so scary. After all, evaluating the risk that an obligation won’t be paid is what credit investors do every day. Nor is Camsing’s credit product all that unusual: The underlying assets are account receivables the company expects from China’s top-tier retailers, JD.com Inc. and Suning.com Co.Formal financing channels – such as bank loans, corporate bonds or exchange-traded asset-backed securities – aren’t readily available to smaller private enterprises in China. So while the likes of Alibaba Group Holding Ltd. can regularly issue account receivables-backed securities, small businesses often use their working capital as collateral for loans from asset managers. In the case of Camsing, Lo pledged her 62% stake in the company to Noah. The worrying part about all this is whether any money can be clawed back. JD.com and Suning said they don’t owe Noah the 3.4 billion yuan: “Camsing falsified JD.com’s business contracts,” a JD.com spokeswoman told Bloomberg News. Camsing held 5.7 billion yuan in account receivables, 74.4% from Suning and 23.2% from JD.com at the end of 2018, Caixin reported, citing Camsing financial documents the financial news site said it had seen.As for those shares Lo pledged, they’re hardly worth anything now. Camsing’s stock crashed 80.4% on Monday after news of Lo’s detainment broke. That 62% stake is worth just HK$340 million ($43.5 million) now.Noah can file as many lawsuits as it wants; the truth is its path to recovery doesn’t look good. Data on these types of shadow-credit products are slim, but reviewing defaults of exchange-traded corporate bonds, China Inc. has a lousy track record. Among the 128 issuers that have defaulted on their bond obligations since 2014, only 28 have paid back investors in full. Of the total 216 billion yuan in missed bond payments, only 31 billion yuan, or 14.5%, has been repaid, according to HSBC Holdings Plc. Private enterprises are the worst offenders. Of the 17 state-owned enterprises that have defaulted, 41% have paid investors back, according to HSBC. By comparison, just 19% of the 111 private business that defaulted repaid creditors.As I argued last week, when it comes to private businesses, no one will come to rescue lenders and minority shareholders if things go sour. While cash-strapped local governments rarely pump their fiscal dollars into failing state enterprises these days, none of them wants to see a local champion fail. Somehow municipalities will wring money from bailout funds, strategic investors or even local banks to save struggling businesses. I’d love to laud the animal spirits of China’s private enterprises, but recent waves of corporate-governance scandals – from missing cash to potentially falsified business documents – are scaring investors. If you’re into stocks, by all means go with your heart. If you’re a credit investor, use your head instead.To contact the author of this story: Shuli Ren at sren38@bloomberg.netTo contact the editor responsible for this story: Rachel Rosenthal at rrosenthal21@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Shuli Ren is a Bloomberg Opinion columnist covering Asian markets. She previously wrote on markets for Barron's, following a career as an investment banker, and is a CFA charterholder.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- Simply Wall St.
One Thing To Remember About The Noah Holdings Limited (NYSE:NOAH) Share Price
If you're interested in Noah Holdings Limited (NYSE:NOAH), then you might want to consider its beta (a measure of...
- Bloomberg
Chinese Wealth Manager Claims $490 Million Fraud Behind Missed Repayments
(Bloomberg) -- Noah Holdings Ltd., one of China’s largest wealth managers, levied accusations of fraud against Camsing International Holding Ltd., the Hong Kong-listed company that said last week its chairman had been detained by police.The asset manager has filed a lawsuit and reported Camsing to regulators in relation to a 3.4 billion yuan ($490 million) asset management product that’s in danger of default, Wang Jingbo, Noah’s chief executive officer and co-founder, said in an internal memo on Monday that was obtained by Bloomberg News. The product’s duration will be extended by as much as one year to ensure repayment, Wang said in the memo, the contents of which were confirmed by a spokeswoman.Camsing, a conglomerate with businesses spanning entertainment and health care, saw its stock plunge 80% in Hong Kong on Monday after the company said Chairman Lo Ching was being held in criminal custody by the Shanghai police. Noah’s shares fell 20% in New York after it said some credit funds managed by one of its affiliates provided “supply chain financing involving third-party companies related to Camsing.”A representative who answered the phone at Camsing’s office in Hong Kong declined to comment. The stock fell another 27% on Tuesday.Chinese investors have seen a slew of recent frauds involving listed companies, including false financial reporting by drugmaker Kangmei Pharmaceutical Co. and fake profits at laminating-film maker Kangde Xin Composite Material Group Co. The incidents are adding to an already stressed credit market: Bonds from at least 56 Chinese companies totaling $40 billion face repayment pressure, according to company and ratings firm statements compiled by Bloomberg.The incident “could significantly hit investor confidence, especially given current high macro-economic uncertainty and low risk appetite among clients,” Citigroup Inc. analysts led by Daphne Poon wrote in a note published on Tuesday.The underlying assets of the product are backed by accounts payable from Beijing JD Century Trade Holdings Ltd. to Camsing, Wang said in the Noah memo. In a statement on Tuesday, JD.com, JD Century Trade’s parent, denied any involvement.“Camsing falsified JD.com’s business contracts, engaging in fraudulent behavior,” a spokeswoman said by email. “We are shocked that this occurred and have been cooperating with the police on this issue.”In a statement on Tuesday, Noah said it had also sued JD.com, the online marketplace operator that Noah said had a longstanding relationship with Camsing. In response, JD.com said the lawsuit was “unmerited” and “severely impacted” its reputation.Citi’s analysts said that downward pressure on the economy could have contributed to the alleged fraud at Camsing. The company has worked with Noah for three years and previously had a good track-record, they said, with more than 6 billion yuan of asset management products having matured and been paid back.Shanghai-based Noah, which directly managed about $25 billion in assets at the end of March, has obtained additional shares of Camsing and its affiliates as collateral, Wang said in the memo. A Chinese court has frozen Camsing’s stock and bank accounts, she said, without providing more details.(Adds additional comments ninth paragraph.)\--With assistance from Zheping Huang.To contact Bloomberg News staff for this story: Evelyn Yu in Shanghai at yyu263@bloomberg.net;Jun Luo in Shanghai at jluo6@bloomberg.netTo contact the editors responsible for this story: Sam Mamudi at smamudi@bloomberg.net, Charlie ZhuFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- GlobeNewswire
BARJO LAW INVESTOR ALERT: Barbuto & Johansson, P.A. Advises TUSK, TEVA, COTY and NOAH Shareholders of Class Action Lawsuits and Investigations
WELLINGTON, Fla., July 08, 2019 -- Barbuto & Johansson, P.A. (“BARJO”) and Of Counsel, Neil Rothstein, Esq. (with over 30 years of Securities Class Action Experience,.
- PR Newswire
Noah Holdings Provides Updates on Status of Certain Credit Funds Managed by Shanghai Gopher Asset Management
SHANGHAI, July 8, 2019 /PRNewswire/ -- Noah Holdings Limited ("Noah" or the "Company") (NOAH), a leading wealth and asset management service provider in China with a focus on high net worth individuals, is making this announcement to provide an update on the status of certain credit funds managed by Shanghai Gopher Asset Management Co., Ltd. ("Shanghai Gopher Asset Management"), a consolidated affiliated entity of Noah. In the course of their investing activities, these credit funds provided supply chain financing involving third party companies related to Camsing International Holding Limited ("Camsing"), with a total principal amount of about RMB3.4 billion.
- Insider Monkey
Hedge Funds Have Never Been This Bullish On Noah Holdings Limited (NOAH)
Like everyone else, elite investors make mistakes. Some of their top consensus picks, such as Amazon, Facebook and Alibaba, have not done well in Q4 due to various reasons. Nevertheless, the data show elite investors' consensus picks have done well on average over the long-term. The top 20 stocks among hedge funds beat the S&P […]
- Thomson Reuters StreetEvents
Edited Transcript of NOAH earnings conference call or presentation 17-May-19 10:59am GMT
Q1 2019 Noah Holdings Ltd Earnings Call
Motley FoolNoah Holdings Limited (NOAH) Q1 2019 Earnings Call Transcript
NOAH earnings call for the period ending .
- Associated Press
Noah: 1Q Earnings Snapshot
The Shanghai-based company said it had profit of 68 cents per share. Earnings, adjusted for non-recurring costs, came to 73 cents per share. The wealth management firm posted revenue of $132.6 million ...
- PR Newswire
Noah Holdings Limited Announces Unaudited Financial Results for the First Quarter of 2019
SHANGHAI , May 16, 2019 /PRNewswire/ -- Noah Holdings Limited ("Noah" or the "Company") (NYSE: NOAH), a leading wealth and asset management service provider in China with a focus on ...
- Simply Wall St.
Noah Holdings Limited (NYSE:NOAH): Immense Growth Potential?
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Looking at Noah Holdings Limited's (NYSE:NOAH) earnings update on 31 December 2018...
- PR Newswire
Noah Holdings Limited to Announce First Quarter 2019 Financial Results on Thursday, May 16, 2019
Earnings Conference Call to be held on Thursday, May 16, 2019 at 8:00 p.m. (U.S. Eastern) / Friday, May 17, 2019 at 8:00 a.m. (Hong Kong) SHANGHAI , May 3, 2019 /PRNewswire/ -- Noah Holdings Limited ("Noah" ...
- Insider Monkey
Were Hedge Funds Right About Flocking Into Noah Holdings Limited (NOAH)?
Insider Monkey finished processing more than 700 13F filings submitted by hedge funds and prominent investors. These filings show these funds' portfolio positions as of December 31st, 2018. In this article we are going to take a look at smart money sentiment towards Noah Holdings Limited (NYSE:NOAH). Noah Holdings Limited (NYSE:NOAH) has experienced an increase […]
- Simply Wall St.
Has Noah Holdings Limited (NYSE:NOAH) Improved Earnings Growth In Recent Times?
After looking at Noah Holdings Limited's (NYSE:NOAH) latest earnings update (31 December 2018), I found it helpful to revisit the company's performance in the past couple of years and compare this against the latest numbers. As a long-t...
- PR Newswire
Two Sigma Appoints Kenny Lam To Oversee Growth In Asia-Pacific
NEW YORK, April 2, 2019 /PRNewswire/ -- Two Sigma announced today the appointment of Kenny Lam as Head of the Asia Pacific (APAC) region and Chief Executive Officer of the company's Hong Kong entity, Two Sigma Asia Pacific, Limited, effective upon regulatory approval. Mr. Lam brings a diverse set of career experiences that will help Two Sigma continue to expand its activities within the region. David Siegel, Co-Chairman of Two Sigma said, "APAC has long been a focus for Two Sigma due to the region's appreciation for and innovation in technology and data science.
