ESR Group Earnings: Cutting Fair Value 20% to HKD 19.50 on Lower AUM Growth Rate and Fee-Earning AUM
We lower ESR Group’s 01821 fair value estimate to HKD 19.50 from HKD 24.50 after its disappointing first-half 2023 results. Revenue increased 5.5% year on year to USD 455 million but net profit fell ...
We trimmed our fair value estimate of ESR Group to HKD 15.80 per share from HKD 17.80 after lowering our growth assumptions and factoring in the divestment of its ARA private funds business in ...
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