External broker reports(aggregated public sources), Wilsons Advisory

Wilsons Advisory

Wilsons has a distinguished history in financial services that spans over 125 years. Today, the group has significant capabilities in private wealth management, corporate finance, research and investment strategy, and institutional sales. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>EQT Holdings received Ministerial Approval for the acquisition of Australian Executor Trustees (AET) yesterday.</li><li>We take this opportunity to consolidate our forecasts.</li><li>We continue to view the acquisition, which results in FUMAS +3.9%, EBITDA +16.3%, NPAT +17.3% and EPS +6.4% in FY23e favourably, and are encouraged by geographic and product opportunities available in the long-term, particularly in Philanthropy and Health &amp; Personal Injury. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

EQT Holdings received Ministerial Approval for the acquisition of Australian Executor Trustees (AET) yesterday.We take this opportunity to consolidate our forecasts.We continue to view the acquisition, which results in FUMAS +3.9%, EBITDA +16.3%, NPAT +17.3% and EPS +6.4% in FY23e favourably, and are encouraged by geographic and product opportunities available in the long-term, particularly in Philanthropy and Health &amp; Personal Injury. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

EQTホールディングス（EQT） - O/W：長期的な機会