Gotta do what you think is right. I've got a target of $10.20.
My thinking, is that SYD is a monopoly. In a market that has been seeing an increase in tourists and business professionals. Mainly, the weakening AUD is making Australia a more attractive market, I think SYD, Brisbane and Melbourne will all benefit from this within the tourism sector, as well as growth in Darwin domestically and internationally.
Just my thoughts though.
I've been in and out of AIA a few times, each when I thought it had peaked but it continued to climb and I found an entry point again. Difference with AIA is they they basically control all the major airports in NZ, whereas SYD is only Sydney. However I guess they might have the opportunity to buy other airports, this comes down to their risk profile and strategy though but I know what I'd be investigating if I was the BoD's....
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Another 52 week high, page-11
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