Summary: Analysts believe there’s good reason for the market to be wary about the takeover bid for Asciano with the terms of the proposal too unclear. Elsewhere, they agree Sydney Airport has struck an excellent deal over its five-year pricing for international passengers. Meanwhile, Caltex’s half-year earnings are better than expected, Pacific Brands are under threat from external challenges and the bid for Kathmandu looks opportunistic, analysts say.
Key take-out: Analysts urge caution around the takeover bid for Asciano but say there’s limited downside to the stock at current levels and the deal could be improved.
Key beneficiaries: General investors. Category: Shares.