NOAH - Noah Holdings Limited

NYSE - NYSE Delayed Price. Currency in USD
32.90
-1.15 (-3.38%)
At close: 4:02PM EDT
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Previous Close34.05
Open34.40
Bid32.99 x 3100
Ask32.99 x 1000
Day's Range32.81 - 34.52
52 Week Range30.32 - 60.14
Volume719,787
Avg. Volume508,714
Market Cap1.978B
Beta (3Y Monthly)1.96
PE Ratio (TTM)15.80
EPS (TTM)2.08
Earnings DateAug 27, 2018 - Aug 31, 2018
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2013-03-18
1y Target Est53.07
Trade prices are not sourced from all markets
  • Default Isn't a Bad Word. Recovering $0, That's Scary
    Bloomberg10 days ago

    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.

  • One Thing To Remember About The Noah Holdings Limited (NYSE:NOAH) Share Price
    Simply Wall St.11 days ago

    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...

  • Chinese Wealth Manager Claims $490 Million Fraud Behind Missed Repayments
    Bloomberg11 days ago

    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.

  • GlobeNewswire11 days ago

    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 Newswire12 days ago

    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.

  • Hedge Funds Have Never Been This Bullish On Noah Holdings Limited (NOAH)
    Insider Monkey23 days ago

    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 StreetEventslast month

    Edited Transcript of NOAH earnings conference call or presentation 17-May-19 10:59am GMT

    Q1 2019 Noah Holdings Ltd Earnings Call

  • Noah Holdings Limited (NOAH) Q1 2019 Earnings Call Transcript
    Motley Fool2 months ago

    Noah Holdings Limited (NOAH) Q1 2019 Earnings Call Transcript

    NOAH earnings call for the period ending .

  • Associated Press2 months ago

    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 Newswire2 months ago

    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 ...

  • Noah Holdings Limited (NYSE:NOAH): Immense Growth Potential?
    Simply Wall St.2 months ago

    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 Newswire3 months ago

    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" ...

  • Were Hedge Funds Right About Flocking Into Noah Holdings Limited (NOAH)?
    Insider Monkey3 months ago

    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 […]

  • Has Noah Holdings Limited (NYSE:NOAH) Improved Earnings Growth In Recent Times?
    Simply Wall St.3 months ago

    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 Newswire4 months ago

    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.

  • Thomson Reuters StreetEvents4 months ago

    Edited Transcript of NOAH earnings conference call or presentation 13-Mar-19 12:01am GMT

    Q4 2018 Noah Holdings Ltd Earnings Call

  • When Should You Buy Noah Holdings Limited (NYSE:NOAH)?
    Simply Wall St.4 months ago

    When Should You Buy Noah Holdings Limited (NYSE:NOAH)?

    Noah Holdings Limited (NYSE:NOAH), which is in the capital markets business, and is based in China, saw a double-digit share price rise of over 10% in the past couple ofRead More...

  • Noah Holdings (NOAH) Q4 2018 Earnings Conference Call Transcript
    Motley Fool4 months ago

    Noah Holdings (NOAH) Q4 2018 Earnings Conference Call Transcript

    NOAH earnings call for the period ending December 31, 2018.

  • Associated Press4 months ago

    Noah: 4Q Earnings Snapshot

    The Shanghai-based company said it had profit of 37 cents per share. The wealth management firm posted revenue of $119.6 million in the period. For the year, the company reported profit of $118 million, ...

  • PR Newswire4 months ago

    Noah Holdings Limited Announces Unaudited Preliminary Financial Results for the Fourth Quarter And Full Year 2018

    SHANGHAI , March 12, 2019 /PRNewswire/ -- Noah Holdings Limited ("Noah" or the "Company") (NYSE: NOAH), a leading wealth and asset management service provider in China with a focus ...

  • ACCESSWIRE4 months ago

    Noah Holdings Ltd. Sponsored ADR Class A to Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / March 12, 2019 / Noah Holdings Ltd. Sponsored ADR Class A (NYSE: NOAH ) will be discussing their earnings results in their 2018 Fourth Quarter Earnings to be held on March 12, ...

  • PR Newswire5 months ago

    Noah Holdings Limited to Announce Fourth Quarter and Full Year 2018 Financial Results on Tuesday, March 12, 2019

    Earnings Conference Call to be held on Tuesday, March 12, 2019 at 8:00 p.m. (U.S. Eastern) / Wednesday, March 13, 2019 at 8:00 a.m. (Hong Kong) SHANGHAI , Feb. 27, 2019 /PRNewswire/ -- Noah Holdings Limited ...