Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. Australia
  4. Australian Stock Exchange
  5. Sydney Airport Limited
  6. News
  7. Summary
    SYD   AU000000SYD9


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Australia shares close flat as virus worries offset Sydney Airport's boost

07/05/2021 | 03:15am EDT

* Sydney Airport closes 34% higher on $16.7 bln buyout bid

* Tabcorp falls 5% on Lotteries & Keno unit spin-off

* Energy stocks up 2%

July 5 (Reuters) - Australian stocks pared early gains to close flat on Monday as worries about rising COVID-19 cases in the country's most populous state, New South Wales, countered a surge in shares of Sydney Airport after a $16.7 billion buyout bid.

The S&P/ASX 200 index ended flat at 7,315 points after rising as much as 0.5% earlier in the session.

Sydney Airport soared 34% after a group of infrastructure investors proposed one of Australia's biggest-ever buyouts, a A$22.26 billion bid for Australia's only listed airport operator.

"The rise in COVID-19 numbers in New South Wales has weighed on the market a bit, after the morning trade," said Mathan Somasundaram of Deep Data Analytics.

New South Wales on Monday said the next two days would be critical in deciding whether a two-week anti-coronavirus lockdown in Sydney will have to be extended amid rising Delta variant cases.

Additionally, Australian dollars were weaker ahead of the Reserve Bank of Australia's policy meeting, which could see a course change in its massive stimulus programme.

Limiting gains on the benchmark was Tabcorp Holdings , which fell 5%, as the gambling firm said it would spin off its Lotteries & Keno business into a listed entity, drawing an end to a company-wide review it undertook earlier this year as interest built for a separate unit.

ASX 200 Energy index rose 2%, boosted by Australia's largest independent coal miner Whitehaven Coal Ltd, which rose 3.3%, and fuel supplier Ampol Ltd, which gained 3%.

Technology stocks fell 1%, as AI-data developer Appen Ltd fell 5.1% and software provider Nuix Ltd lost 4.9%.

In New Zealand, the benchmark S&P/NZX 50 index rose 0.8% to 12,812.3 points.

(Reporting by Savyata Mishra in Bengaluru; Editing by Amy Caren Daniel)

ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AMPOL LIMITED -0.57% 27.67 End-of-day quote.-2.64%
APPEN LIMITED -1.83% 9.68 End-of-day quote.-60.79%
NUIX LIMITED -2.31% 2.54 End-of-day quote.-69.21%
SYDNEY AIRPORT LIMITED 0.36% 8.27 End-of-day quote.29.02%
TABCORP HOLDINGS LIMITED -1.23% 4.82 End-of-day quote.23.59%
WHITEHAVEN COAL LIMITED 1.29% 3.15 End-of-day quote.91.49%
09/20GLOBAL MARKETS LIVE : Universal Music Group, China Evergrande, ENI, Prudential, Microsoft...
09/20SYDNEY AIRPORT : Passenger Traffic Plunges 61% in August on COVID-19 Restrictions
09/19Sydney Airport Limited Announces Traffic Results for the Month and Year to Date Ended A..
09/16CIMIC : Secures Construction Contract from Western Sydney International Airport
09/13SYDNEY AIRPORT : Receives Improved Offer of over $17 Billion from Sydney Aviation Alliance
09/13Aussie shares gain on boost from Sydney Airport, energy and materials stocks
09/13Sydney Airport sale a step closer after improved $17.4 billion offer
09/12NEWS HIGHLIGHTS : Top Company News of the Day
09/12Australian shares rise on Sydney Airport Holdings, energy stocks boost
09/12Sydney Airport Intends to Recommend Revised A$23.6 Billion Takeover Offer
More news
Analyst Recommendations on SYDNEY AIRPORT LIMITED
More recommendations
Sales 2021 589 M 428 M 428 M
Net income 2021 -295 M -214 M -214 M
Net Debt 2021 8 050 M 5 843 M 5 843 M
P/E ratio 2021 -75,0x
Yield 2021 -
Capitalization 22 318 M 16 174 M 16 199 M
EV / Sales 2021 51,5x
EV / Sales 2022 27,0x
Nbr of Employees -
Free-Float 99,2%
Duration : Period :
Sydney Airport Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SYDNEY AIRPORT LIMITED
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 10
Last Close Price 8,27 AUD
Average target price 8,60 AUD
Spread / Average Target 3,93%
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