Noah Hldgs Ltd Stock Price, News & Analysis

iCapital Network announced a successful $50 million funding round led by WestCap, with new investments from Apollo (NYSE: APO) and Temasek. This funding values iCapital at over $6 billion and aims to enhance its technology platform, expand investment strategies, and pursue strategic acquisitions. Since July 2021, iCapital has seen significant growth, managing over $104 billion in assets, with international clients contributing $22 billion. The company is transforming access to alternative investments for high-net-worth individuals.

Noah Holdings Limited (NYSE: NOAH) reported its Q3 2021 financial results, revealing net revenues of RMB908.9 million (US$141.1 million), a 5.8% year-over-year increase. However, income from operations fell by 34.1% to RMB228.9 million, attributed to strategic investments. Net income was RMB273.2 million, down 4.3% year-over-year. The number of active clients rose by 25.5%, while total assets under management remained stable at RMB156.1 billion. The company forecasts a full-year non-GAAP net income of RMB1.2 billion to RMB1.3 billion.

Noah Holdings Limited (NYSE: NOAH) will release its unaudited financial results for Q3 2021 on November 23, 2021, after U.S. market closure. The earnings can be accessed on its investor relations website. Following the release, a conference call will be held at 7:00 p.m. EST for management to discuss the results and business activities. Noah, a prominent wealth management service provider in China, distributed RMB52.1 billion (US$8.1 billion) of investment products in H1 2021 and had assets under management of RMB155.9 billion (US$24.1 billion) as of June 30, 2021.

Noah Holdings Limited (NYSE: NOAH) has announced a change of venue for its Annual General Meeting (AGM) scheduled for November 29, 2021. Due to the Covid-19 situation in China, the AGM will now take place at Building 2, 1687 Changyang Road, Shanghai from 10:00 a.m. to 12:00 p.m. local time. The record date for shareholders entitled to attend is set at November 2, 2021. Investors are encouraged to monitor Noah's website for further updates and to RSVP via email for attendance. As of June 30, 2021, Noah reported assets under management of RMB 155.9 billion (US$ 24.1 billion).

Noah Holdings Limited (NYSE: NOAH) has announced its 2021 Annual General Meeting (AGM) to be held on November 29, 2021, in Guilin, China, from 10:00 a.m. to 12:00 p.m. (local time). No shareholder proposals will be presented; the AGM will act as a forum for discussions with management. The record date to determine eligible shareholders is November 2, 2021. As of June 30, 2021, Noah distributed RMB52.1 billion (US$8.1 billion) in investment products and managed RMB155.9 billion (US$24.1 billion) in assets through Gopher Asset Management.

Noah Holdings Limited (NYSE: NOAH), a top wealth management service provider in China, will host its 2021 Corporate Day on October 19, 2021, in Shanghai and online. This event will provide opportunities for interaction with senior management. In the first half of 2021, Noah distributed RMB52.1 billion (US$8.1 billion) in investment products and managed assets totaling RMB155.9 billion (US$24.1 billion) by June 30, 2021. The company serves high net worth clients through a network of 1,268 relationship managers across 81 cities in China along with international offices.

Noah Holdings Limited (NYSE: NOAH) reported its Q2 2021 results, with net revenues rising by 20.3% year-over-year to RMB899.4 million (US$139.3 million), driven primarily by increased one-time commissions and recurring service fees. Net income attributable to shareholders grew 2.0% to RMB305.5 million (US$47.3 million). However, operating expenses surged by 31.8%, leading to a decline in operating margin from 42.7% in Q2 2020 to 37.3%. The company has forecasted non-GAAP net income for 2021 to range between RMB1.2 billion and RMB1.3 billion.

On August 5, 2021, Standard and Poor's Global Ratings upgraded Noah Holdings' outlook to stable from negative and affirmed its 'BBB-' long-term and 'A-3' short-term issuer credit ratings. This revision reflects expectations of revenue growth and reduced litigation risks from the Camsing incident. In Q1 2021, Noah achieved a record RMB1.2 billion in net revenues, marking a 64.1% year-on-year increase. The company also expanded its ultra-high-net-worth client base, with active clients growing 65.4% year-on-year to nearly 28,000. S&P believes Noah is well-positioned to navigate future growth with minimal financial risk.

Noah Holdings Limited (NYSE: NOAH) is set to announce its unaudited financial results for Q2 2021 on August 17, 2021, after U.S. market close. The company serves high net worth investors in China with comprehensive wealth management services, offering investment and asset allocation advisory.

In Q1 2021, Noah distributed RMB27.1 billion (US$4.1 billion) in investment products and reported RMB154.1 billion (US$23.5 billion) in assets under management as of March 31, 2021. A conference call for discussing financial results will follow the earnings release.