Rail freight business AZJ rallied 2% yesterday in a falling market as its recognition as a defensive stock helped it add to its strong performance through 2022. The stock remains fairly cheap following a woeful few years, it’s trading on an Est. P/E of 15.2x for 2022 while a projected 5.7% yield over the next 12-months is very attractive, although it’s only partly franked. This Australian industrial company has paid a solid dividend in good and bad times including right through the pandemic making it a prime candidate for MM when we migrate our portfolios further down the risk curve.
scroll
Question asked
Question asked
Question asked
Buy Hold Sell: The best and worst performers of FY25
Close
Friday 27th June – ASX +13pts, REH, BOE, IFL
Close
Friday 27th June – Dow up +404pts, SPI up +51pts
Close
MM is bullish AZJ medium-term
Add To Hit List
Related Q&A
View on AZJ (Aurizon Holdings)
MM’s thoughts on PGC & AZJ?
Updated view on AZJ
Relevant suggested news and content from the site

Video
WATCH
Buy Hold Sell: The best and worst performers of FY25
James Gerrish & Henry Jennings

Podcast
LISTEN
Friday 27th June – ASX +13pts, REH, BOE, IFL
Daily Podcast Direct from the Desk

Podcast
LISTEN
Friday 27th June – Dow up +404pts, SPI up +51pts
Daily Podcast Direct from the Desk
Members only
UNLOCK MARKET MATTERS NOW
Take a free trial.
No payment details required.