Call to Action on Sydney Airport

About the author:

Nathan Lead
Author name:
By Nathan Lead
Job title:
Senior Analyst
Date posted:
21 October 2013, 8:54 AM
Sectors Covered:
Infrastructure, Utilities

We remain confident in the overall outlook for Sydney Airport (SYD). International traffic growth in particular is robust, with solid growth reported for the month of September 2013.

The transactions which will see SYD simplified (owning 100% of Sydney Airport and dealing with its tax issues) will be completed by the end of 2013, making SYD a more attractive investment proposition. Its yield at about 6% remains best in its sector.

We maintain our Outperform rating, with a 12m potential return estimate of about 12%.

If you are interested in Sydney Airport (SYD), please contact your nearest Morgans office.

Disclaimer: The information contained in this report is provided to you by Morgans Financial Limited as general advice only, and is made without consideration of an individual's relevant personal circumstances. Morgans Financial Limited ABN 49 010 669 726, its related bodies corporate, directors and officers, employees, authorised representatives and agents (“Morgans”) do not accept any liability for any loss or damage arising from or in connection with any action taken or not taken on the basis of information contained in this report, or for any errors or omissions contained within. It is recommended that any persons who wish to act upon this report consult with their Morgans investment adviser before doing so.

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