Julius Baer acquires stake in China-based investment group GROW







FILE PHOTO: People walk past a branch of Swiss bank Julius Baer in Zurich

Swiss wealth manager Julius Baer said on Wednesday he was taking a tens of millions of US dollars in GROW, a national asset management company based in China.

“With this partnership, Julius Baer is taking a first step into onshore China and, at the same time, GROW clients will have access to Julius Baer’s global investment expertise,” the Swiss bank said in a statement.

Marketzone with Reuters 2022

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Financial data

2022 turnover 3,726M
3,863M
3,867M
2022 net result 957M
992M
993M
Net debt 2022 1,328M
1,377M
1,378M
PER 202210.5x
2022 return5.39%
Capitalization 9,703M
10,059M
10,070M
VE / CA 20222.96x
VE / CA 20232.73x
Number of employees6,727
Floating97.1%

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TrendsNeutralNeutralbearish

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Average recommendationACCUMULATE
Number of Analysts17
Last Closing PriceCHF48.08
Average price targetCHF59.70
Deviation / Average Target24.2%

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