Earning is like 5%, but growth potential is great. AIX hold a group of high growth assets, from Perth, to Melbourne, from Darwin to Gold Coast. I like it. I used to trade a bit from $2.5 to $3 level.
I am buying a few now for asset play. The airport is kind of monopoly, particularly in Australia. They can charge and jack up everything.
Take Sydney airport international for example, there is no passenger pick up area. Virtually, you have to pay something like $8 for 30min, parking for picking up somebody. (last year only $7). What a joke. ACCC just ignore it because there is no competition.
You cannot beat them, join them.
perth airport growth, page-2
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| 2 | 95645 | $1.24 |
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