Two Directors at Auckland International Airport Limited subscribed to/bought/maiden bought 18,338 shares at between 6.650NZD and 6.950NZD. The significance rating of the trade was 71/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretion...
The independent financial analyst theScreener just lowered the general evaluation of AUCKLAND INT'L. AIRP (AU), active in the Transportation Services industry. As regards its fundamental valuation, the title still shows 1 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as moderately risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Neutral. As of the analysis date March 11, 2022...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
AUCKLAND INTL.AIRPORT (NZ), a company active in the Transportation Services industry, has received a double requalification by the independent financial analyst theScreener. Its fundamental valuation is now 3 out of 4 stars while its market behaviour can be considered as defensive. theScreener believes that the gain of a star(s) and an improvement in the market risk perception allows upgrading the general evaluation to Slightly Positive. As of the analysis date February 26, 2021, the closing pri...
Publicly traded Australasian airports saw continued traffic challenges in the first calendar quarter of 2019, highlighted by declines in movements to and from China and weak domestic Australian performance. We continue to think both wide-moat Auckland Airport and narrow-moat Sydney Airport enjoy long-term competitive advantages, but see no margin of safety to account for near-term risk at current prices. We maintain our AUD 7.30 fair value estimate for Sydney and NZD 7.40 (AUD 7.00) estimate for...
Publicly traded Australasian airports saw continued traffic challenges in the first calendar quarter of 2019, highlighted by declines in movements to and from China and weak domestic Australian performance. We continue to think both wide-moat Auckland Airport and narrow-moat Sydney Airport enjoy long-term competitive advantages, but see no margin of safety to account for near-term risk at current prices. We maintain our AUD 7.30 fair value estimate for Sydney and NZD 7.40 (AUD 7.00) estimate for...
Publicly traded Australasian airports saw continued traffic challenges in the first calendar quarter of 2019, highlighted by declines in movements to and from China and weak domestic Australian performance. We continue to think both wide-moat Auckland Airport and narrow-moat Sydney Airport enjoy long-term competitive advantages, but see no margin of safety to account for near-term risk at current prices. We maintain our AUD 7.30 fair value estimate for Sydney and NZD 7.40 (AUD 7.00) estimate for...
Publicly traded Australasian airports saw continued traffic challenges in the first calendar quarter of 2019, highlighted by declines in movements to and from China and weak domestic Australian performance. We continue to think both wide-moat Auckland Airport and narrow-moat Sydney Airport enjoy long-term competitive advantages, but see no margin of safety to account for near-term risk at current prices. We maintain our AUD 7.30 fair value estimate for Sydney and NZD 7.40 (AUD 7.00) estimate for...
Publicly traded Australasian airports saw continued traffic challenges in the first calendar quarter of 2019, highlighted by declines in movements to and from China and weak domestic Australian performance. We continue to think both wide-moat Auckland Airport and narrow-moat Sydney Airport enjoy long-term competitive advantages, but see no margin of safety to account for near-term risk at current prices. We maintain our AUD 7.30 fair value estimate for Sydney and NZD 7.40 (AUD 7.00) estimate for...
Publicly traded Australasian airports saw continued traffic challenges in the first calendar quarter of 2019, highlighted by declines in movements to and from China and weak domestic Australian performance. We continue to think both wide-moat Auckland Airport and narrow-moat Sydney Airport enjoy long-term competitive advantages, but see no margin of safety to account for near-term risk at current prices. We maintain our AUD 7.30 fair value estimate for Sydney and NZD 7.40 (AUD 7.00) estimate for...
First-half results for wide-moat Auckland Airport were in line our full-year projections, with underlying NPAT up 3% to NZD 137 million. Traffic growth moderated but retail revenue climbed rapidly on the back of newly opened stores and restaurants in the airport. Profitability should expand markedly in the second half of fiscal 2019, and the company remains on track to hit unchanged full-year NPAT guidance of NZD 265 million to NZD 275 million. We forecast NZD 275 million, representing growth of...
First-half results for wide-moat Auckland Airport were in line our full-year projections, with underlying NPAT up 3% to NZD 137 million. Traffic growth moderated but retail revenue climbed rapidly on the back of newly opened stores and restaurants in the airport. Profitability should expand markedly in the second half of fiscal 2019, and the company remains on track to hit unchanged full-year NPAT guidance of NZD 265 million to NZD 275 million. We forecast NZD 275 million, representing growth of...
First-half results for wide-moat Auckland Airport were in line our full-year projections, with underlying NPAT up 3% to NZD 137 million. Traffic growth moderated but retail revenue climbed rapidly on the back of newly opened stores and restaurants in the airport. Profitability should expand markedly in the second half of fiscal 2019, and the company remains on track to hit unchanged full-year NPAT guidance of NZD 265 million to NZD 275 million. We forecast NZD 275 million, representing growth of...
First-half results for wide-moat Auckland Airport were in line our full-year projections, with underlying NPAT up 3% to NZD 137 million. Traffic growth moderated but retail revenue climbed rapidly on the back of newly opened stores and restaurants in the airport. Profitability should expand markedly in the second half of fiscal 2019, and the company remains on track to hit unchanged full-year NPAT guidance of NZD 265 million to NZD 275 million. We forecast NZD 275 million, representing growth of...
First-half results for wide-moat Auckland Airport were in line our full-year projections, with underlying NPAT up 3% to NZD 137 million. Traffic growth moderated but retail revenue climbed rapidly on the back of newly opened stores and restaurants in the airport. Profitability should expand markedly in the second half of fiscal 2019, and the company remains on track to hit unchanged full-year NPAT guidance of NZD 265 million to NZD 275 million. We forecast NZD 275 million, representing growth of...
First-half results for wide-moat Auckland Airport were in line our full-year projections, with underlying NPAT up 3% to NZD 137 million. Traffic growth moderated but retail revenue climbed rapidly on the back of newly opened stores and restaurants in the airport. Profitability should expand markedly in the second half of fiscal 2019, and the company remains on track to hit unchanged full-year NPAT guidance of NZD 265 million to NZD 275 million. We forecast NZD 275 million, representing growth of...
Opportunity in EM countries Our cautious outlook and expectation for continued downward pressure on global equities remains intact. Broad global indexes (MSCI ACWI, ACWI ex-U.S., EAFE, and EM) are all trading within patterns of lower highs and lower lows, leading us to believe the most likely scenario is that this near-term bounce is likely nothing more than a countertrend rally before longer-term downtrends reassert themselves. • Opportunity in EM. Both a top-down and bottoms-up analysis po...
Concerns over perceived central bank policy missteps have been somewhat alleviated following dovish takeaways from Fed Chair Powell's comments, proclaiming interest rates are “just below†the neutral rate, and reminding everyone that future rate hikes are not predetermined. While this is certainly an incrementally positive development, it does not completely remove the specter of future rate hikes from our list of concerns. Of course, trade remains an issue despite optimism surrounding the T...
We maintain our NZD 7.40 (AUD 6.90) per share fair value estimate for wide-moat Auckland Airport, despite continued pushback from its regulator, New Zealand’s Commerce Commission, or ComCom, on the airport’s proposed per-passenger fee pricing. As originally signalled in its April 2018 draft report, the ComCom continues to opine Auckland Airport’s proposed return on aeronautical assets in the fiscal 2018 through 2022 period is unjustifiably high. Auckland has targeted a return of 7.06%, sli...
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