When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
NOAH - Noah Holdings Finds Resurgent Riches In China's Wealthy
Noah Holdings Limited
The company’s first-quarter revenue jumped 64% year-on-year to 1.22 billion yuan ($190 million), which, as we’ve already pointed out, was a record.
It’s not completely surprising that Noah is shifting its focus to wealth management, following a major scandal in the asset management business that cost the company dearly in 2020.
The focus on wealthier clients who tend to be more profitable could also position it for strong growth in the next few years.