Aurizon Holdings: 2023 Darwin investor day and asset tour

About the author:

Author name:

By Nathan Lead

Job title:

Senior Analyst

Date posted:

21 July 2023, 8:30 AM

Sectors Covered:

Infrastructure, Utilities, Banks

• This week Aurizon Holdings (ASX:AZJ) hosted its investor day and asset tour in Darwin.
• FY23 and FY24 earnings indications were as per market expectations. The most interesting disclosure was AZJ’s plans to commence a land-bridging operation from Darwin, which is effectively a challenger business commencing with a mature company.
• Target price unchanged at (login to view) per share. Earnings upgrades offset from a value perspective by higher capex expectations.

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