From LinkedIn:The broker has added coal port operator Dalrymple Bay Infrastructure Ltd (ASX: DBI) and online listings company Frontier Digital Ventures Ltd (ASX: FDV) to its best ideas list this month.
Morgans notes that Dalrymple Bay Infrastructure offers a very generous dividend yield which is secured by contracts over the next five years.
Its analysts currently have an add rating and $2.57 price target on Dalrymple Bay Infrastructure’s shares.
In respect to Frontier Digital Ventures, the broker believes it is well-placed for growth. Morgans notes that many of its businesses are facing COVID headwinds, which should ease as vaccines roll out. In addition to this, cost reductions are expected to result in operating leverage, underpinning strong earnings growth.
The broker has an add rating and $1.63 price target on Frontier Digital Ventures’ shares.
From LinkedIn:The broker has added coal port operator Dalrymple...
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