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Increased traffic volumes and higher earnings have provided valuation support for the infrastructure company, ClearBridge Investments’ Shane Hurst says, with the post-COVID-19 recovery positioning the business for solid growth.
August reporting season is in full swing. Here we cover the FY22 results and future outlook for Treasury Wine Estates and Transurban.
In a year of pandemic-forced lockdowns, record high government spending, lower corporate earnings and zero growth in interest rates, asking for a high dividend is a little Oliver Twist-like: “Please Sir, I want some more.” Even the most reliable of “reliable” dividend-paying companies ditched or lowered their dividend payouts because it simply wasn’t feasible to…
If any part of the economy is experiencing a sharp, ‘V-shaped’ recovery, it is car use. A number of ASX-listed companies stand to benefit from widespread avoidance of public transport. Macquarie Securities has ‘outperform’ ratings on toll road operators Transurban Group and Atlas Arteria, online automotive classifieds business carsales.com and auto parts and accessories supplier…