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Australian Investment Blog

ASX:AZJ 24/05/2018

Aurizon (AZJ) tanking after QCA propose revenue restrictions

Stock

Aurizon (AZJ) $4.27 as at 23/05/18

Event

Aurizon has been in the press during 2018 because of QCA proposed restrictions on their maximum revenue between July 2017 and July 2021 which could see haulage capacity decrease by 10% despite strong conditions in the global coal industry.

Market Matters Take/Outlook

The company is overall healthy reporting a half-year profit rise of over 50% in February, with management maintaining FY18 guidance for underlying EBIT in the range of $900 million to $960 million, however regulated pricing adds complexity.
  • We like AZJ as an aggressive buy below $4 if the stock attracts EOFY selling.
View the full report 'Time to start considering EOFY, fund managers are! (DMP, AMP, PPT, TLS, AZJ, GNC, QBE, AGL)' here Aurizon (AZJ) Chart

By james Carter
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