Noah Holdings LimitedNYSE: NOAH

SHANGHAI , July 1, 2024 /PRNewswire/ -- Noah Holdings Limited ("Noah" or the "Company") (NYSE: NOAH and HKEX: 6686), a leading and pioneer wealth management service provider offering comprehensive one-stop advisory services on global investment and asset allocation primarily for Mandarin-speaking high-net-worth investors, today announced changes to its Board of Directors (the "Board"). Noah has appointed Mr.

Noah Holdings Limited (NYSE:NOAH ) Q1 2024 Results Conference Call May 29, 2024 8:00 PM ET Company Participants Melo Xi - Director of Investor Relations Zhe Yin - Co-Founder, Chief Executive Officer & Director Qing Pan - Group Chief Financial Officer Conference Call Participants Peter Zhang - JPMorgan Operator Good day, and welcome to the Noah Holdings First Quarter 2024 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded.

SHANGHAI , May 29, 2024 /PRNewswire/ -- Noah Holdings Limited ("Noah" or the "Company") (NYSE: NOAH and HKEX: 6686), a leading and pioneer wealth management service provider offering comprehensive one-stop advisory services on global investment and asset allocation primarily for Mandarin-speaking high-net-worth investors, today announced its unaudited financial results for the first quarter of 2024. FIRST QUARTER 2024 FINANCIAL HIGHLIGHTS                                                                                                                            N et revenue s for the first quarter of 2024 were RMB649.5 million (US$90.0 million), a 19.2% decrease from the corresponding period in 2023, mainly due to decreases in performance-based income generated from USD private equity products and recurring service fees generated from RMB private equity and private secondary products.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

NOAH has decided to raise its minimum dividend payout ratio from 10% earlier to 35% going forward. Noah Holdings' insurance fee income derived from its international insurance business operations grew by +381.8% YoY in the first nine months of this year. I make no changes to my existing Buy rating for NOAH, as I like its new shareholder capital return policy and I have a favorable opinion of insurance product demand.

NOAH aims to grow its number of relationship managers in Hong Kong and Singapore to 120 by the end of the current year to support its overseas expansion efforts. NOAH's credit ratios are reasonably healthy, and this means that the company has the financial capacity to increase its future dividend distributions. I stick to my existing Buy investment rating for Noah Holdings, as I have a positive view of its overseas expansion plans and strong financial position.

Noah Holdings Limited (NYSE:NOAH ) Q2 2023 Results Conference Call August 28, 2023 8:00 PM ET Company Participants Melo Xi - Director, IR Wang Jingbo - Co-Founder, Chairlady and CEO Grant Pan - CFO Conference Call Participants Chiyao Huang - Morgan Stanley Peter Zhang - JP Morgan Operator Good day, and welcome to the Noah Holdings Second Quarter 2023 Earnings Conference Call. [Operator Instructions] I would now like to turn the conference over to Melo Xi, Director of Investor Relations.

NOAH's 2023 financial prospects are healthy, taking into account expectations of double-digit revenue growth and net margin expansion. Specifically, Noah Holdings' Hong Kong office has witnessed a growing interest in its insurance product offerings from Mainland Chinese customers. My Buy rating for NOAH remains intact, as the stock's depressed valuations don't do justice to its favorable near-term outlook.

Noah Holdings Limited (NYSE:NOAH ) Q1 2023 Results Conference Call May 30, 2023 8:00 PM ET Company Participants Melo Xi - IR Wang Jingbo - CEO Grant Pan - CFO Conference Call Participants Helen Lee - UBS Chiyao Huang - Morgan Stanley Melo Xi Good morning, everyone, and welcome to Noah's 2023 First Quarter Earnings Call. I'm Melo Xi, Director of Investor Relations at Noah Group.