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MM thoughts on AIA

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MM thoughts on AIA

“Hi James, Would be interested in your thoughts on AIA. I understand they are really a property developer given they own large tracts of land in NZ including the Auckland airport and surrounding sites.” – cheers Alain M.

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Morning Alain,

AIA struggled like many companies during COVID and for them to fully recover a return to international travel is needed, analysts are not forecasting a return of dividends until 2022. You can call AIA a property developer just like many people refer to Sydney Airports as a car park operator but either way they are both a play on a return of travel both locally and overseas, we are neutral AIA around $7 having just sold Sydney Airports (SYD)

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Auckland International Airport (AIA)
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