0048 GMT - APA's medium-term earnings could be impacted if the Australian Energy Regulator sticks by its draft decision not to make the Basslink line a regulated asset, Jarden analysts say. They tell clients in a note that pipeline operator APA will probably increase charges for the use of Basslink if the AER formalizes its decision. Price rises would could increase near-term earnings, but decrease medium-term earnings when the proposed Marinus Link transmission line is built. That said, they point out that Basslink is not a major earnings contributor and Jarden keeps an overweight rating on the stock. It cuts the target price 1.8% to A$8.30. Shares are down 1.3% at A$7.085.(stuart.condie@wsj.com)
(END) Dow Jones Newswires
December 17, 2024 19:49 ET (00:49 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。