NOAH NOAH HOLDINGS LTD
Price Chart
Executive Summary
Noah Holdings filed a Form 6-K and Next Day Disclosure Return detailing a routine share repurchase of 847 ADSs (4,235 ordinary shares) on May 22, 2026, for a total of US$8,468.56 at ~US$2.00 per share. The filing also aggregates all outstanding repurchases for cancellation from December 2025 through May 2026, totaling 9,371,055 ordinary shares repurchased under the existing mandate (2.833% of outstanding). This is an administrative update confirming ongoing buyback execution — no material new financial data or strategic changes were disclosed.
Actionable Insight
This is a routine administration filing confirming an ongoing buyback. No new authorization or change in capital allocation strategy was announced. The buyback pace remains consistent with prior months — no acceleration signal. Monitor future filings for any change in repurchase intensity or a new mandate at the upcoming AGM.
Key Facts
- Repurchased 847 ADSs (4,235 ordinary shares) on May 22, 2026 at a weighted average price of US$9.998 per ADS (~US$2.00/share).
- Total aggregate price paid for the May 22 repurchase was US$8,468.56.
- Cumulative repurchases under the June 12, 2025 mandate total 9,371,055 ordinary shares, representing 2.833% of issued shares as of the mandate date.
- No change in total issued shares — the company had 337,233,937 ordinary shares outstanding as of both April 30 and May 22, 2026.
- The next-day disclosure is a Hong Kong Stock Exchange filing requirement; the transaction is a continuation of the existing buyback program.
Financial Impact
The May 22 repurchase was immaterial at ~US$8.5K. Cumulative repurchases under the mandate represent ~2.8% of shares, providing modest per-share accretion.
Risk Factors
- AUM declined 6.5% in FY2025 per the prior 20-F filing, and flat revenue suggests ongoing challenges in the core wealth management business. The buyback is a capital return mechanism, not a growth catalyst.
- At current market cap (~$672M), the remaining buyback capacity is limited and offers only marginal downside protection.
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001104659-26-066517 |
| Document: tm2615617d1_6k.htm | 0001104659-26-066517 |
| Document: 0001104659-26-066517-index-headers.html | 0001104659-26-066517 |
| Document: 0001104659-26-066517-index.html | 0001104659-26-066517 |
| Document: 0001104659-26-066517.txt | 0001104659-26-066517 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 12, 2026
3d ago
|
6-K
| $10.13 awaiting T+1 | awaiting T+1 | — | $10.32 (+1.93%) |
|
Jun 12, 2026
3d ago
|
6-K
| $10.13 awaiting T+1 | awaiting T+1 | — | $10.32 (+1.93%) |
|
Jun 3, 2026
12d ago
|
6-K
| $10.34 $10.44 | ▲ +0.97% | ▲ +0.57% | $10.32 (−0.19%) |
|
May 28, 2026
18d ago
|
6-K
| $10.38 $10.57 | ▲ +1.83% | ▲ +1.59% | $10.32 (−0.58%) |
|
May 27, 2026
18d ago
|
6-K
| $10.38 $10.57 | ▲ +1.83% | ▲ +1.59% | $10.32 (−0.58%) |
|
May 27, 2026
19d ago
|
6-K
| $10.10 $10.38 | ▲ +2.77% | ▲ +2.22% | $10.32 (+2.18%) |
|
May 18, 2026
28d ago
|
6-K
| $10.28 $10.22 | ▼ −0.58% | ▲ +0.07% | $10.32 (+0.39%) |
|
Apr 29, 2026
6w ago
|
6-K
| $10.25 $10.41 | ▲ +1.56% | ▲ +0.54% | $10.32 (+0.68%) |
|
Apr 29, 2026
6w ago
|
20-F
| $10.25 $10.41 | ▲ +1.56% | ▲ +0.54% | $10.32 (+0.68%) |
|
Apr 14, 2026
8w ago
|
6-K
| $10.01 $10.12 | ▲ +1.10% | ▲ +0.32% | $10.32 (+3.10%) |
US Market Status
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