Late Run of Green Lights at the ACCC
Was it clean-up day at the ACCC yesterday or a belated Black Friday sale, with three corporate deals given the green light after hanging round for a while?
Read MoreTag: SYD
Takeover Talk: SYD, SXY, API
Three deals advanced to the closing rounds of their respective games yesterday, involving Sydney Airport, Senex Energy and Australian Pharmaceutical Industries.
Read MoreSYD – Credit Suisse rates the stock as Neutral
The broker raises the target to $8.75 from $8.00. Neutral retained.
Read MoreTakeoffs and Bumpy Landings in the Local Airspace
Plenty of action in the travel sector yesterday, as the ACCC put the kibosh on a proposed alliance between QAN and Japan Air, and Sydney Airport finally relented to the ongoing bid for the company.
Read MoreSydney Airport Knocks Back Increased Bid
Sydney Airport has again rejected overtures from a group of local and offshore superannuation investors, despite their having raised the non-binding bid from $8.25 to $8.45 a share.
Read MoreSYD – Morgans rates the stock as Hold
Morgans’ Hold rating and $8.25 target are maintained.
Read MoreSydney Airport Deal Takes Flight
Not too many people are boarding their aircraft through Sydney Airport at the moment, nevertheless the operator of the facility has received a juicy offer for the right to run the business.
Read MoreSYD – Morgans rates the stock as Add
Morgans lifts the target to $7.03 from $6.86 on rising passenger numbers in March. The Add rating is maintained.
Read MoreSYD – Credit Suisse rates the stock as Underperform
Underperform retained. Target is raised to $5.30 from $5.00.
Read MoreSYD – UBS rates the stock as Neutral
Sydney Airport’s 2020 result was hit by one-offs with operating income an estimated $130m in the second half versus last year’s $687m. UBS to stick to Neutral rating with the target falling to $6 from $6.60.
Read MoreCOVID Leaves Sydney Airport in Ruins
There seems little hope of a quick return to travel and tourism anywhere near pre-COVID levels, leaving airlines, airports and travel companies starkly exposed.
Read MoreSYD – Morgans rates the stock as Add
Analysts at Morgans have updated their modeling and assumptions for SYD. They remain confident a sustained recovery lays ahead on the back of vaccine roll-outs internationally. Add rating retained. Target price is $6.95.
Read MoreWord of the Year – 2021?
Dion Hershan, Head of Australian Equities at Yarra Capital Management, looks at the opportunities that are emerging from a bleak 2020.
Read MoreSYD – Macquarie rates the stock as Outperform
Macquarie is of the view as a long-duration asset, the key to Sydney Airport Holdings’ valuation is not the exact timing of re-opening in the next 12 months but stabilising passenger traffic.
Read MoreSydney Airport In $2bn Raising As Passenger Numbers Remain Grounded
Sydney Airport wants $2 billion in fresh capital to bolster its balance sheet made shaky by the impact of closing borders and lockdowns amid the COVID-19 pandemic.
Read MoreSydney Airport Recovery Still Stuck On The Tarmac
Sydney Airport has again shown investors the damage the COVID-19 pandemic, lockdown, and all but total closing of international and domestic borders can do to a travel reliant business.
Read MoreSYD – Citi rates the stock as Sell
The news out of Qantas ((QAN)) yesterday only serves to reinforce the broker’s Sell rating on Sydney Airport.
Read MoreSYD – UBS rates the stock as Buy
The traffic update was broadly in line with expectations. Traffic is currently down around -95%. A further $850m in bank debt brings total liquidity to $2.8bn, which UBS expects should comfortably cover the debt burden for the next 12 months.
Read MoreNo Dividend As Sydney Airport Passenger Numbers Drop 97%
Sydney Airport is borrowing $850 million and dropping interim dividend to help it survive the COVID-19 pandemic as its traffic collapses.
Read MoreDo Less Risky Stock Market Exposures Really Exist?
With a sense of raw panic descending on global stock markets, the question is whether there are any truly safe havens in terms of remaining exposed to equities?
Read MoreSYD – UBS rates the stock as Neutral
Sydney Airport’s result was in line, with earnings up 4% on flat traffic and cash flow up 6% on a flat interest cost. The company deviated from standard practice nonetheless by not issuing FY distibution guidance, due to the as yet unkown impact of the virus.
Read MoreSYD – Citi rates the stock as Sell
Citi notes Sydney Airport amassed 16.9m international passengers 2019 of which 1.2m were going to or from China.
Read MoreSYD – Macquarie rates the stock as Upgrade to Outperform from Neutral
Sydney Airport has started to re-negotiate access agreements. Macquarie assesses the company is facing a more challenging slot environment, as competitors, such as Western Sydney, Melbourne and Brisbane, are adding runway capacity.
Read MoreSYD – Macquarie rates the stock as Neutral
The month of August is expected to reflect the impact of the Hong Kong protests on demand for flights out of Sydney. Some 7% of international passengers are bound for Hong Kong on average, and the broker now assumes a reduction in its forecasts.
Read MoreSYD – Morgans rates the stock as Add
First-half results were broadly in line with expectations. International passengers comprised 38% and contributed 70% of revenue. Net operating receipts increased by 5%.
Read MoreSYD – Morgans rates the stock as Add
First-half results were broadly in line with expectations. International passengers comprised 38% and contributed 70% of revenue. Net operating receipts increased by 5%.
Read MoreSydney Airports To Join The Yield Crunch Thematic
If you are unwilling to chase Transurban (TCL), I believe Sydney Airports (SYD) is about to enjoy a similar breakout and experience a major yield crunch re-rating.
Read MoreSYD – Deutsche Bank rates the stock as Buy
While the 2018 results were slightly lower than expected, 2019 distribution guidance was also softer than Deutsche Bank forecast.
Read MoreFinding The Right Time To Buy Sydney Airport
Sydney Airport (ASX:SYD) shares have paid a great dividend over the years. However, they have had a weak start to 2019. What are the challenges for the business and what are the key charting levels to look for?
Read MoreSydney Airport Ticking The Right Boxes
Sydney Airport has announced a 7.3% increase in earnings before interest, tax, depreciation and amortisation to $910 million from $848 million previously. The result was ahead of the market’s expectations which centred on EBITDA of $895 million.
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