ASX-listed GQG Partners drops to 11-month low; Morgan Stanley trims PT

GQG Partners

10/01/2025 01:36

** Shares of Australia-listed GQG Partners  GQG.AX  extend
losses to drop as much as 3.1% to A$1.88, their lowest levels
since Feb 5, 2024
    ** Morgan Stanley reduces the price target of the U.S.-based
investment manager to A$3.26 from A$3.8
    ** Brokerage also sees EPS to fall 14% in FY25 on the basis
of lower flow forecasts
    ** While recent negative headlines have impacted flows in
the past two months, we still look for mid- to high-single-digit
inflows in FY25E - Morgan Stanley
    ** GQG stock slid in the previous session on smaller FUM and
fund flows
    ** Morgan Stanley retains "overweight" rating
    ** Stock down 8.9% YTD, including current session's moves
    

 (Reporting by Nikita Maria Jino in Bengaluru)
 ((Nikita.Jino@thomsonreuters.com;))