I spoke to my Craigs broker yesterday,and asked him his thoughts on AIA.
"Well I brought them for my own portfolio last year.I am looking at where I think they will be in 10 years time,and that looks pretty good to me."
Must admit I agree with him.
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Theres not much to disagree with. A monopoly air terminal and well run property company its hard to see how they could go wrong - as long as property assets arent over valued. Stick in some corporate offices for lease and open up housing in that neck of the woods and lets wait for a shift from the CBD
AIA has taken a bit of a beating of the past week or so. Down to the possible Fed interest rate hike? Ex-Dividend?
Tempted to top up soon...
There's probably a number of adverse factors at play but personally, I reckon it's a case of property and infrastructure stocks falling out of favour as realisation of eventual higher interest rates gathers pace.
http://www.nzherald.co.nz/business/n...ectid=11726292
https://nzx.com/files/attachments/246353.pdf
I'm pretty sure they've more than capable team in the company that can put together a decent PowerPoint presentation slides than just putting out a word document. Not a great effort from a corporate of this calibre.
The important bit was that profit guidance for the current year was confirmed. Personally, I'd rather have a clear transcript of an actual speech than an illustrated Powerpoint presentation.
:)
AIA Down 36 cents today, is it time to buy, or is there more to come (SP down further) following on from the correction of AIR recently?
Personally my NZX Stock Buying button is currently in an unlit cellar with no stairs, in the bottom of locked filling cabinet stuck in a disused lavatory with a sign on the door saying Beware of the Leopard.
Best Wishes
Paper Tiger
PS I do feel sorry for the Leopard.