Podcast: Industrials sector update By Nathan Lead 14 May 2020, 7:22 PM Listen to analysis on APA Group (APA), Aurizon Holdings (AZJ), Cleanaway Waste Management (CWY) and Qube Holdings (QUB) Read more...
Company Update: Sydney Airport By Nathan Lead 21 April 2020, 1:35 PM Morgans Senior Analyst Nathan Lead comments on Sydney Airport (SYD) following its business update on 20 April. Read more...
Podcast - Transurban Group (ASX:TCL): Nathan Lead, Senior Analyst By Nathan Lead 17 April 2020, 5:40 PM Senior analyst Nathan Lead discusses his latest views on Transurban (TCL) following the release of its March quarter traffic data. Read more...
Podcast - Aurizon (ASX:AZJ): Nathan Lead, Senior Analyst By Nathan Lead 17 April 2020, 4:45 PM Senior analyst Nathan Lead discusses his latest views on Aurizon (AZJ) following the release of its March quarter haulage data. Read more...
Podcast - Company Update: Sydney Airport (ASX:SYD) By Nathan Lead 09 April 2020, 11:50 AM Sydney Airport (ASX:SYD) may undertake a capital raising like Auckland Airport (ASX:AIA), as well as interesting insights from a briefing by Melbourne Airport. Read more...
Transurban Group: COVID-19 impacts take #1 By Nathan Lead 02 April 2020, 1:45 PM COVID-19 has significantly impacted traffic on TCL’s roads. We assume a full recovery does not occur until CY22. Read more...
Sector Update: Infrastructure By Nathan Lead 19 March 2020, 11:50 AM Morgans Senior Analyst Nathan Lead provides an update on the Infrastructure sector, with focus on APA Group (ASX:APA), Transurban (ASX:TCL) and Sydney Airport (ASX:SYD). Read more...
Sydney Airport: Buying tickets in advance By Nathan Lead 24 February 2020, 12:30 PM The 2H19 result was solid. Developments in commercial were positive. Delay in providing FY20 DPS guidance was a surprise (we ultimately expect 40 cps). Read more...
Aurizon Holdings: Capital management vs low growth outlook By Nathan Lead 12 February 2020, 1:20 PM Although Aurizon (ASX:AZJ) faces a low growth outlook, we think investors will be attracted its dividend yield, significant share buyback initiative, and valuation support. We maintain our ADD. Read more...
Aurizon Holdings: Update to add By Nathan Lead 07 January 2020, 3:42 PM We take advantage of recent share price weakness (down 14% since September) to upgrade to ADD. Total 12 month potential return at current prices is ~15%. Key attractions include the aggressively pursued buyback currently underway, forecast ~5.2% yield (~70% franked), and relatively predictable (albeit low growth) earnings that should have a relatively low correlation to the domestic economy. Read more...