BUZZ – Dalrymple Bay PT raised by Jefferies on pricing agreement, bullish forecast12 October 2022 6:29 am* Brokerage Jefferies raises PT on Dalrymple Bay Infrastructure Ltd to A$2.65 from A$2.29, retains "buy" rating* Company on Tuesday announced 10-year pricing agreement with all existing customers at its metallurgical coal export terminal* Dalrymple Bay updated FY22 distribution outlook to 20.1 cps from 18.27 cps; forecast growth of 3%-7% per annum over next few years* Brokerage says agreement to deliver terminal charges ahead of its forecasts; Jefferies expects terminal charges to reach A$4.50 by FY31* Jefferies expects terminal utilisation levels, currently down from CY19 levels, to increase given strong Asian coal demand* DBI "well positioned to continue to deliver the benefits of higher earnings from a renegotiated terminal access charge with users," says brokerage* 4 of 5 analysts rate the stock "buy" or higher, 1 "hold"; median PT A$2.65 – Refinitiv* Company's shares up ~10% this year, as of last close (Reporting by Anan Ashraf in Bengaluru) (([email protected]))© 2022 Thomson Reuters. Click for Restrictions.
BUZZ – Dalrymple Bay PT raised by Jefferies on pricing...
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Last
$2.92 |
Change
0.000(0.00%) |
Mkt cap ! $1.447B | |||
| Open | High | Low | Value | Volume |
| $2.92 | $2.93 | $2.92 | $52.89K | 18.07K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 45116 | $2.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.93 | 23867 | 10 |
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| DBI (ASX) Chart |