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My “HOT” stock: SYD

Sydney Airport Holdings Pty Ltd (SYD)’s principal activity is investing in airport assets. SYD consists of Sydney Airport Limited (SAL) and Sydney Airport Trust 1 (SAT1).

“Revenues have been badly affected by COVID-19-related government travel restrictions,” said Raymond.

“For the short term, SYD is no longer a yield stock (we do not expect it to pay a distribution until 2022/23).

“It is a capital growth play.

“SYD remains a premier airport asset whose earnings and thus share price we think will rebound with a recovery in passengers (pax) particularly the far more valuable international pax,” Raymond said.

Sydney Airport (SYD)

Source: Google

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