HMC has rallied over 45% this FY, and it supported investor loyalty at the recent Macquarie conference by upgrading guidance by 21% courtesy of embedded performance fees. HMC is well positioned for growth supported by structural trends such as the energy transition; the company recently announced that the Hon. Julia Gillard AC has agreed to Chair its HMC’s Energy Transition Fund! This alternative asset manager in the real estate sector should prove relatively well insulated from rate hikes.
- We continue to like HMC, its been on an aggressive growth strategy in non-traditional areas of real-estate —it’s a buy-in-dips stock for us.
MM is bullish HMC
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