3 reasons the GQG share price looks like a buy to me

A young man talks tech on his phone while looking at a laptop. A financial graph is superimposed across the image.

Image source: Getty Images

It’s always painful to see an ASX stock fall heavily. That’s what happened to the GQG Partners Inc (ASX: GQG) share price last week – it has fallen more than 16% since 20 November following news related to one of its main investments.

As reported by my colleague James Mickleboro, the chair of Indian conglomerate Adani Group has been indicted in New York over his role in an “alleged multibillion-dollar bribery and fraud scheme”.

It’s alleged that Adani agreed to pay US$265 million in bribes to Indian government officials to win contracts that could lead to US$2 billion in profit over 20 years.

Subsequently, Kenyan President William Ruto cancelled the procurement process for the country’s main airport…

Source link