BUZZ-Jefferies sees Aussie infra cos well-placed ahead of earnings slate

Reuters
Aug 11
BUZZ-Jefferies sees Aussie infra cos well-placed ahead of earnings slate

** Australian infrastructure stocks attractive on hopes of easing interest rates, Jefferies says

** Forecasts Transurban TCL.AX DPS to grow 5.4% in FY26 without new projects, but outcome hinges on NSW Toll Review

** Expects resilient domestic economy to support co's traffic gains, especially in Melbourne, while Sydney remains constrained by construction; TCL to report on August 20

** Sees Auckland Airport's AIA.NZ NPAT in A$290 mln ($189 mln)–A$320 mln range; results on August 21

** Says passenger recovery slower than expected, with FY26–27 international passenger forecasts 1.2%–2.3% below consensus

** Sees Dalrymple Bay Infrastructure DBI.AX earnings, due on August 25, in line with market estimates; says focus on monetising unused terminal capacity

** Brokerage watching Atlas Arteria's ALX.AX cost performance, updates on U.S. toll review, French tax challenge; FY25 DPS guidance of 40 Australian cps intact; results on August 28

($1 = A$1.5347)

(Reporting by Rishav Chatterjee in Bengaluru)

((Rishav.Chatterjee@thomsonreuters.com;))

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