In today’s briefing:
- ESR: A Diversified Fund Manager and Good Alternative Stock to Own in This Chaotic Time
ESR: A Diversified Fund Manager and Good Alternative Stock to Own in This Chaotic Time
- While most HK/China stocks continue to be traded at depressed valuation, we view ESR as an interesting play among most real estate stocks
- The investment highlights of ESR are: 1) as a leading fund manager with growing AUM and fee income 2) leader in new economy sector, and 3) APAC focused
- ESR’s EBIT mainly comes from 3 segments: investment, fund management and new economy development. ESR is now trading at deep discount to NAV
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