Fundraising And GrowthFundraising momentum picked up with S$3.7bn in equity raised, comprising S$2.1bn for private funds with continued interest in regional thematic and country-focused funds, and S$1.6bn for listed funds.
Interest Rate EnvironmentA lower interest rate environment is expected to improve fundraising momentum and transaction activity, driving FRB growth.
Stock ValuationThe stock currently trades below historical mean, suggesting potential upside.