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Noah Holdings Limited

Noah Holdings Limited is a leading wealth and asset management service provider in China. The outstanding platform of the company empowers financial planners and institutional clients to grow their wealth, with assets under management of $34.4 billion as of June 30, 2022.

The company's main business involves providing technology-driven wealth management and asset management services to high net worth individuals and institutional clients. A portion of their services and products includes value-added services such as tax-compliant trust and trustee services, family office services, and overseas services. Speaking concerning their financial performance, a review of their latest interim financial results for the six months ended June 30, 2022, reports a 15.1% growth year-over-year increase in revenue to $89.7 million. The gross profit of Noah Holdings Limited also increased by 3.6% year over year to $78.3 million. Their net income surged 10% to $17.6 million. Earnings per share were $0.36.

Furthermore, NOAH Holdings Limited (NOAH) is rated a Buy by all three analysts covering the company, including a Buy rating from CICC, citing the company's strong fee-generating ability and sustainable competitiveness despite the short-term volatility caused by China's zero-Covid policy. The analysts have a 12-month average price target of $37.33, representing a potential upside of 41.9% from the current stock price.

The stock, trading under the ticker symbol, NOAH, is currently priced at $26.39, with a market capitalization of $2.91 billion.

It is worth noting, however, that investing in the stock market involves risks and uncertainties, and it is always advisable to carry out thorough research and seek the opinion of financial professionals before making any investment decisions.

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