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Noah Holdings Limited (ADR) (NOAH) [hlAlert]

Rating:
Buy NOAH
up 169.78 %

Noah Holdings Limited (ADR) (NOAH) rated Buy by BofA/Merrill

Posted on: Tuesday,  May 7, 2013  8:25 AM ET by BofA/Merrill

BofA/Merrill rated Buy Noah Holdings Limited (ADR) (NYSE: NOAH) on 05/07/2013, when the stock price was $8.24. Since
then, Noah Holdings Limited (ADR) has gained 169.78% as of 01/15/2016's recent price of $22.23.
If you would have followed this BofA/Merrill's recommendation on NOAH, you would have gained 169.78% of your investment in 983 days.

Noah Holdings Limited, 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. Its registered clients were 12,353 as of June 30, 2010.

BofA/Merrill
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/7/2013 8:25 AM Buy
None
8.24
as of 12/13/2013
1 Week down  -1.34 %
1 Month down  -9.41 %
3 Months up  27.29 %
1 YTD up  140.53 %

(*) Stock Price at the time of the recommendation.
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