Top 5 Electric Utility Companies To Invest In Right Now: Noah Holdings Ltd (NOAH)
Noah Holdings Limited, incorporated on June 29, 2007, through its subsidiaries is a service provider focusing on distributing wealth management products to the high net worth population in the People's Republic of China (PRC). The Company provides direct access to China's high net worth population. Noah Holdings Limited is a holding company and it operates its business through its PRC subsidiary, Shanghai Noah Rongyao Investment Consulting Co., Ltd (Noah Rongyao), its variable interest entity, Shanghai Noah Investment Management Co., Ltd (Noah Investment), and their respective subsidiaries in China. While Noah Rongyao conducts most of the Company's businesses, it conducts its insurance brokerage business through Noah Investment and its subsidiaries. Its products choices consist of over-the-counter (OTC) products originated in China and designed to cater to the needs of high net worth population.
With over 300 relationship managers in 28 branch offices, t he Company's coverage network encompasses China's economically developed regions where high net worth population is concentrated, including the Yangtze River Delta, the Pearl River Delta and the Bohai Rim. Through this coverage network, it serves high net worth individuals, enterprises affiliated with high net worth individuals and wholesale clients, primarily local commercial banks or branches of national commercial banks, which distribute wealth management products to their own clients. Its registered clients were 12,353 as of June 30, 2010. The number of its active clients was 779 as of June 30, 2010. Noah Holdings Limited distributes OTC, wealth management products originated in China. Its product choices primarily include fixed income products, private equity funds and securities investment funds.
Noah Holdings Limit! ed markets and distributes various categories of products supplied by third party product providers, which include fixed income products, mainly including collateralized fixed income products sponso! red by trust companies and other products that provide investors with fixed rates of return; private equity funds products, including investments in private equity funds sponsored by domestic and internal fund management firms; securities investment funds, which are privately raised funds investing in publicly traded stocks, and investment-linked insurance products. It generates revenues primarily from one-time commissions and recurring service fees paid by third-party product providers or, for the majority of fixed income products, by the underlying corporate borrowers. Its one-time commissions accounted for 78.6% of its net revenues during the year ended December 31, 2009, and its recurring service fees accounted for 21.4% of its net revenues in 2009.
The Company competes with China Merchants Bank, China Minsheng Bank and China Everbright Bank.Advisors' Opinion:
- [By Roberto Pedone]
Noah (NOAH) is a service provider focusing on distributing wealth management products to the high-net-worth population in the People's Republic of China. This stock closed up 7.7% to $12.64 in Friday's trading session
Friday's Volume: 357,000
Three-Month Average Volume: 207,430
Volume % Change: 120%
From a technical perspective, NOAH ripped higher here right above its 50-day moving average of $11.37 with above-average volume. This move is quickly pushing shares of NOAH within range of triggering a near-term breakout trade. That trade will hit if NOAH manages to take out some near-term overhead resistance levels at $12.77 to $12.98 with high volume. At last check, NOAH hit an intraday high on Friday of $12.98 and volume was well above its three-month average action of 207,430 shares.
Traders should now look for long-biased trades in NOAH as ! long as i! t's trending above its 50-day at $11.37 and then once it sustains a move or close above those breakout levels with volume that hits near or above 207,430 shares. If that breakout hits soon, then NOAH will set up to re-test or possibly take out its 52-week high at $14.64. Any high-volume move above $14.64 will then push NOAH into new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $18 to $20.
- [By Belinda Cao]
Noah Holdings Ltd. (NOAH), a Chinese wealth-management company, jumped to the highest level in more than two years in New York after raising its 2013 profit estimate.
- [By John Udovich]
While America's middle class appears to be shrinking with little upward mobility, small cap wealth management stocks Noah Holdings Limited (NYSE: NOAH) and A.F.P Provida SA (NYSE: PVD) plus larger cap Affiliated Managers Group, Inc (NYSE: AMG) are managing money in places where the ranks of the middle class and the wealthy are still growing strong. Specifically, Noah Holdings Limited is based in China, Chile based A.F.P Provida SA is spreading its footprint into other Latin American countries and the Affiliated Managers Group is growing a global footprint. For those reasons, you have probably not heard of these wealth management stocks, but here are some reasons why you might want to consider investing in one:
source from Top Stocks For 2015:http://www.topstocksblog.com/top-5-electric-utility-companies-to-invest-in-right-now.html