Stockchase Opinions

Michael Smedley Noah Holdings Ltd NOAH-N BUY Feb 01, 2011

An early days asset management, brokerage company to individuals. Drifting down along with emerging markets but likes this for the longer term. Appear to be operating properly and have coverage. Good speculation for the longer term.
$16.240

Stock price when the opinion was issued

0
It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.

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TOP PICK
Recent IPO, hugely oversubscribed. An independent broker in China.
BUY
Front line brokerage and asset management bank in China. It is in its early stages of growth. Very well run company. The future is there.
COMMENT
Drives domestic clients into funds in China. Still producing reasonable numbers. Sold almost all his Chinese stocks listed on the American boards. Difficult sector.
DON'T BUY

A wealth management platform play on China. Not particularly fond of this company. A better company would be Prudential (PUK-N) out of the UK, which has a big wealth management book. Has a better book and is exposed to Indonesia, Malaysia, Hong Kong, Taiwan, Korea, etc.

DON'T BUY

This is representative of a lot of companies that investors should stay away from. A Chinese-based company and investors really need to focus away from some of what appears to be the fundamentals and the concept of investing in a country that does not have the rule of law or proper corporate governance.