noah

@管我财:$Noah Holdings (NOAH) $ was once a very popular U.S. stock in the Chinese concept space. Years later, there’s finally an opportunity to buy in. Since the reorganization, the company’s core business has shifted from selling corporate bonds and trusts to selling private funds and insurance. I know the company’s performance this year likely won’t be too good, especially with new regulations for overseas funds and new insurance regulations—both will inevitably have an impact. Motivated by the company’s good dividend payouts and ongoing share buybacks, I’m buying a 1% position for now. Its Hong Kong-listed shares are slightly more expensive than its U.S.-listed shares, so friends who are interested can join and do some research together.

#NOAH