Y TAM | CITI
Aberdeen remains confident in sales of its equity-based products, but also looks to increase the contribution from other asset classes in coming months. Its flagship EM Debt fund has now passed the $2bn milestone, and Aberdeen has recently strengthened its global property platform.
DAVID MCCANN | NUMIS
The base case price to earnings does not feel overly expensive to us and if you believe management can achieve its EMD ambitions and possibly organic growth in other areas, then Aberdeen is still arguably cheap. It is nonetheless not as cheap as it once was.
ARUN MELMANE | CANACCORD GENUITY
Having hit our target price, we upgrade our target price to 380p based on preliminary estimate of an uplift in current dividend driven by stronger earnings per share momentum compared to our number and consensus. The continued flow into pooled funds increases the revenue yield on managed assets.