Noah Holdings: Not Quite The Bargain It May Appear To Be At First

MarketGyrations
3.14K Followers
(15min)

Summary

  • Long Noah Holdings stock looks enticing in some ways, especially after the drop in the stock in combination with low multiples.
  • NOAH faces a number of headwinds, which include earnings that continue to go down and which looks difficult to fix in the short term.
  • NOAH wants to lessen its reliance on China, but the recently released FY2024 report does not give much ground for optimism.
  • If NOAH wants to reverse its fortunes, it needs earnings growth to return, which is not easy to do in the current global environment.

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Noah Holdings (NYSE:NOAH), a financial services company from China with a focus on wealth and asset management, including $21.8B of assets under management, is likely to draw interest from prospective buyers because it possesses a number

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