Morningstar raises fair value estimate on asset manager GQG Partners

GQG Partners

17/08/2023 22:45

** Analysts at Morningstar lift fair value estimate on fund
manager GQG Partners  GQPIL.PK   GQG.AX  to A$2/share from
A$1.90/share 
    ** Says GQG's interim results surpassed its expectations on
the back of better-managed growth in operating expenses
    ** Adds GQG should continue to attract net inflows over time
    ** Says GQG secured net inflows of $6.2 billion over the
first half of the year, which was a strong number considering
investor caution towards risk assets
    ** As of last close, stock has risen 7.5% this year

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))