MQG fell 3.6%, its worst performance in 3-months, ranking it as the days 2nd worst performer on the main board. Reasons for the decline were fairly thin on the ground but we have growing investor scepticism regarding MQG’s ability to successfully divest certain assets. Analysts from firms such as JPMorgan and Morgan Stanley have expressed concerns about the company’s capital recycling efforts and the challenging conditions for asset realizations, particularly in the renewable energy sector. These apprehensions have contributed to the downward pressure on Macquarie’s share price as the stock lacked the momentum to add to gains after making new highs last week.
- We are getting concerned that we’ve seen the best of MQG this FY – MM is long MQG in its Active Growth Portfolio.
MM is cautiously bullish MQG
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