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Published on: July 28, 2023

Initiating coverage: A unique proposition

Oberon Investments Group is a wealth management & planning, private ventures and corporate advisory boutique. A recently acquired majority stake in a fintech/custody business is not yet reflected in the valuation, in our view. Oberon was established in 2018 and listed on the ASE in 2021. Intensive investment in challenging markets has created a differentiated business model, positioned well in a consolidating sector. Investment is driving impressive growth in funds under management & administration, and in revenue, which should convert to strong EBITDA growth in FY25E.