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By The Online Investor Staff, updated Thu., Jun. 30, 8:11 AM

Slide #3. Noah Holdings Limited

Company: Noah Holdings Limited (NYSE:NOAH)
$Amount Authorized: $50,000,000
Buyback Details: Noah Holdings Limited ("Noah" or the "Company") (NYSE: NOAH), a leading wealth and asset management service provider with a focus on global services for high net worth individuals and enterprises in China, today announced that its board of directors has approved a share repurchase program ("Share Repurchase Program"), effective July 8, 2016, which authorizes the Company to repurchase up to US$50 million worth of its issued and outstanding American Depositary Shares over the course of one year. The Share Repurchase Program extends the Company's previous share repurchase program that was effective for 12 months from July 8, 2015. "Given the continued volatility of the market, we believe the Share Repurchase Program helps us protect shareholders' value. We see continued strengths in our business and continue to believe that our shares are undervalued," commented Kenny Lam, Noah's Group President.

Noah Holdings is a holding company. Through its subsidiaries, Co. is engaged as an independent service provider focusing on distributing wealth management products to the high net worth population in China. Co.'s product choices primarily include fixed income products, private equity funds, private securities investment funds and investment-linked insurance products and mutual fund products. Co. defines its addressable high net worth markets as three categories of clients: (i) high net worth individuals, (ii) enterprises affiliated with high net worth individuals and (iii) wholesale clients.
Open the NOAH Page at The Online Investor »

Company Name:  Noah Holdings Ltd
Stock buyback:  NOAH buyback
Sector:  Asset Management
Number of ETFs Holding NOAH:  10
Total Market Value Held by ETFs:  $5.13M

Open the NOAH Page at The Online Investor (in a new window) »

June 30, 2016    8:11 AM Eastern
Quotes delayed 20 minutes

Strong Buy (4.00 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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