Henderson's stake in HKCG is a weak stub - accounting for ~47% of market cap, but ~14% of GAV. But I think Henderson has more to run here. Its P/B and discount to NAV are not demanding.
SUMMARY
(Sign Up to Access)
Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
Unlock research summaries
Follow top, independent analysts
Receive personalised alerts
Access Analytics, Events and more
Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.