MORGANS ...GQG Partners (GQG) – Add GQG ended Dec-21 with US$91.2bn FUM, up +4.5% on the month, +6.3% for the quarter and +7.6% for the half.Net inflows for 2H21 of US$6.2bn (US$3.0bn in 4Q21) beat prospectus expectations of US$3.9bn. We expect some slowdown in flows (FY22F US$6.9bn, FY23F US$6bn). Relative investment performance is strong for International (all periods) and EM (3-year), but lags in Global and US Equity.Minor changes to forecasts. GQG commenced FY22 with average starting FUM +4% on the 2H21. We view GQG’s valuation (~14.5x) as compelling versus current flows momentum and growth
Ann: FUM as at 31 December 2021, page-23
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Last
$2.88 |
Change
0.030(1.05%) |
Mkt cap ! $8.505B | |||
| Open | High | Low | Value | Volume |
| $2.82 | $2.88 | $2.76 | $8.691M | 3.074M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 33163 | $2.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.88 | 14846 | 2 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| GQG (ASX) Chart |