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Stock impact report

Noah Holdings: Deep Value With Structural Transformation [Seeking Alpha]

Noah Holdings Limited (NOAH) 
US:NYSE Investor Relations: ir.noahwm.com
Company Research Source: Seeking Alpha
global investment solutions, reducing reliance on domestic real estate and shadow banking. NOAH trades at a deep value discount (P/E ~8x, P/B ~0.6x), supported by a strong balance sheet, significant cash, and robust capital return via dividends and share buybacks. International operations now generate nearly half of net revenue, with global booking centers and new brands targeting Chinese high-net-worth clients worldwide. Despite a 7.4% Q3 revenue decline, net profit surged 58.9% due to cost control; if re-rated to sector P/E averages, shares could see 30-50% upside. imaginima/iStock via Getty Images My thesis Noah Holdings Limited ( NOAH ), as of the start of 2026, presents itself as an asset management company that very successfully transformed its business model, managing to lower its dependency on China‘s real estate sector This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, Show less Read more
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