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    SYD   AU000000SYD9

SYDNEY AIRPORT LIMITED

(SYD)
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Australian shares rise on Sydney Airport Holdings, energy stocks boost

09/12/2021 | 09:12pm EDT

Sept 13 (Reuters) - Australian shares rose on Monday as airport operator Sydney Airport Holdings surged after getting a sweetened takeover offer, with firmer energy stocks boosting the benchmark further.

The S&P/ASX 200 index rose 0.3% to 7,427.60 by 0056 GMT.

Sydney Airport Holdings Pty jumped more than 5% to be the top percentage gainer on the benchmark index. The company granted due diligence access to a consortium of infrastructure investors after the group raised its takeover proposal.

Aiding sentiment, Prime Minister Scott Morrison announced that Australia purchased an additional 1 million doses of Moderna's COVID-19 vaccine from the European Union, at a time when the country battles record-high cases.

The ASX 200 energy index rose 1.37%, led by Santos Ltd, up 2.15%, followed by Woodside Petroleum Ltd , gaining 1.66%.

The sub-index tracked oil prices which climbed to a one-week high on concerns over U.S. supplies due to the damage from Hurricane Ida.

The mining index rose 1.26%, led by Ioneer Ltd , up 5.3%. Lynas Rare Earths Ltd followed suit with its 4.79% gain.

Nickel prices had jumped on Friday to their highest in more than seven years due to shortages created by a sharp rise in demand from stainless steel mills and electric vehicle battery makers and sliding stocks.

The gold index rose 0.49%, while technology stocks fell 0.9% .

In New Zealand, the benchmark S&P/NZX 50 index inched 0.15% higher to 13,083.3.

Elsewhere, Japan's Nikkei was down 0.28% at 30298.03 while S&P 500 E-minis futures were up 12.25 points, or 0.27%. (Reporting by Arundhati Dutta in Bengaluru; editing by Uttaresh.V)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
IONEER LTD -0.78% 0.64 End-of-day quote.128.57%
LYNAS RARE EARTHS LIMITED 2.51% 6.95 End-of-day quote.74.62%
MODERNA, INC. -2.31% 324.21 Delayed Quote.210.34%
SANTOS LIMITED 0.00% 7.34 End-of-day quote.17.07%
SYDNEY AIRPORT LIMITED 0.48% 8.37 End-of-day quote.30.58%
WOODSIDE PETROLEUM LTD 0.76% 25.18 End-of-day quote.10.73%
All news about SYDNEY AIRPORT LIMITED
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09/16CIMIC : Secures Construction Contract from Western Sydney International Airport
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09/13SYDNEY AIRPORT : Receives Improved Offer of over $17 Billion from Sydney Aviation Alliance
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09/13Aussie shares gain on boost from Sydney Airport, energy and materials stocks
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09/13Sydney Airport sale a step closer after improved $17.4 billion offer
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More news
Analyst Recommendations on SYDNEY AIRPORT LIMITED
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Financials
Sales 2021 589 M 437 M 437 M
Net income 2021 -295 M -219 M -219 M
Net Debt 2021 8 050 M 5 974 M 5 974 M
P/E ratio 2021 -75,9x
Yield 2021 -
Capitalization 22 588 M 16 765 M 16 763 M
EV / Sales 2021 52,0x
EV / Sales 2022 27,3x
Nbr of Employees -
Free-Float 99,1%
Chart SYDNEY AIRPORT LIMITED
Duration : Period :
Sydney Airport Limited Technical Analysis Chart | SYD | AU000000SYD9 | MarketScreener
Technical analysis trends SYDNEY AIRPORT LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 10
Last Close Price 8,37 AUD
Average target price 8,60 AUD
Spread / Average Target 2,69%
EPS Revisions
Managers and Directors
Geoff Culbert Chief Executive Officer
Greg Botham Chief Financial Officer
Trevor Gerber Independent Non-Executive Chairman
Hugh Wehby Chief Operating Officer
John S. H. Roberts Independent Non-Executive Director