GMG has been a standout performer this FY, rallying over 70%, helped by further upgrades and its foray into the “hot” data centre space, which is heavily correlated to AI. However, Nvidia’s (NVDA US) recent 16% correction should remind investors that taking some profit into explosive moves can often add value (alpha) to a portfolio, but it’s all about the when!
- We are big fans of GMG, but we will consider trimming our position into strength – MM is long GMG in our Active Growth Portfolio.
- Two of the biggest concerns with GMG are the market’s ever-increasing expectations from this quality operator, and investors already feel long after the stock’s impressive rally.
MM is bullish on GMG medium-term
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