ASX;SYD

The yield play looks very vulnerable

James Gerrish

When we said yesterday that considering June’s seasonal weakness investors should keep some ammunition for buying opportunities later in the month, we didn’t imagine the market was literally about to fall off a cliff! Let’s stand back and look afresh at the statistics for May / June since the GFC... Show More

SYD - Infrastructure exposed to travel growth

Morgans Financial Limited

We continue to view Kingsford Smith Airport as a high quality infrastructure play, leveraging passenger growth through its aeronautical infrastructure into higher returning commercial activities. Traffic growth has been strong, running well above historical trend rates. We have upgraded our traffic forecasts to reflect this recent growth, but have reduced... Show More