Macquarie Airports

By Intelligent Investor · 17 Apr 2003

By Intelligent Investor ·
17 Apr 2003

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Sydney Airport - SYD

Current price

$8.72 at 16:40 (13 April 2022)

Price at review

$0.96 at (17 April 2003)

All Prices are in AUD ($)

Shares in MAp have been surprisingly resilient in the face of very tough conditions. War fears and SARS are both affecting the travelling public. And Sydney airport, which represents the majority of MAp's portfolio, has seen international passenger numbers fall by 14% in the first three weeks of April. But with some aggressive cost cutting and higher fees, the full-year profit targets are expected to be met. With little change in the stock price since issue 124/Apr 03 (Long Term Buy - $0.93), it remains a LONG TERM BUY.

IMPORTANT: Intelligent Investor is published by InvestSMART Financial Services Pty Limited AFSL 226435 (Licensee). Information is general financial product advice. You should consider your own personal objectives, financial situation and needs before making any investment decision and review the Product Disclosure Statement. InvestSMART Funds Management Limited (RE) is the responsible entity of various managed investment schemes and is a related party of the Licensee. The RE may own, buy or sell the shares suggested in this article simultaneous with, or following the release of this article. Any such transaction could affect the price of the share. All indications of performance returns are historical and cannot be relied upon as an indicator for future performance.

Macquarie Airports

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Macquarie Airports

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