How come no one's posted about AIA since January?
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How come no one's posted about AIA since January?
Market crash still coming.Meanwhile who could have imagined the recovery since your post Sinvester, not me for one. It gives me an even better opp to take more money out of the mkt.
Meanwhile a bit of stick has AIA reducing prices
"Auckland Airport has reduced its target return from 6.99% to 6.62%, compared to the Commission’s benchmark for airports of 6.41%."
1H19 Interim Results Presentation 34 pages 2.9MB
s/p up a tad.
Quite the average result relative to share price on this one. The thing that surprises me most is that the share price is holding up. Air NZ signaled a slowing in passenger numbers and this seems to be re-iterated here by AIA.
A lot more growth in other income sources than the aeronautical but passenger growth drives growth in parking, retail and hotel etc which is troubling going forward.
If they hit the top of that guidance range, that still puts them on a forward PE of 32 which is well outside my comfort zone. I sold my holdings not too long ago believing that PE would be re-rated to normal numbers but so far I've been proved wrong.
AIA's share price went up to all time high to $8 today, what is the rationale of its share price gone astronomical ?
AIA are absolutely rorting customers blind with their predatory pricing on casual parking rates at the airport. Uncovered parking for one day $50. Highway robbery in my opinion.