1041 [Dow Jones] STOCK CALL: ABN Amro says Macquarie Airports (MAP.AU) reported "another excellent result for Brussels" following strong Sydney airport 3Q, with 1Q EBITDA up 13% with revenue growth driven by traffic increases and retail and car parking improvements, while costs fell 2.2%. Expects refinancing of Brussels "in next couple of months" to free over A$300 million cash which could contribute to 40 cents/share special distribution or buyback. Retains buy recommendation with A$4.50 target price vs MAP last A$3.92, up 4 cents. (WEL)
MAP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
