Dalrymple Bay Infrastructure: On the search for a new skipper

About the author:

Nathan Lead
Author name:
By Nathan Lead
Job title:
Senior Analyst
Date posted:
29 August 2023, 8:00 AM
Sectors Covered:
Infrastructure, Utilities, Banks

  • Dalrymple Bay Infrastructure's (ASX:DBI) strong growth in 1H23 was in-line if not slightly ahead of expectations, while the outlook and strategy were unchanged.
  • The only change we make to FY23-25 forecasts is to adjust projected tax upwards. Target price lifts to (login to view) on long-term value assumptions. ADD retained, given c.11% potential TSR at current prices (underwritten by c.7.9% cash yield).

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