Changes are happening - please bear with us while we update our site.

Changes are happening - please bear with us while we update our site. Click here to give us your advice and feedback.

Buy Or Sell: Sydney Airport (ASX:SYD) Reveals More Growth

Sydney Airport Holdings Ltd (ASX:SYD) has revealed that the number of international passengers grew by 3.5% in November.

Sydney Airport Holdings Ltd (ASX: SYD) revealed today that the number of international passengers grew by 3.5% in November.

Sydney Airport Holdings is the company that operates the Kingsford Smith Airport, it currently has a 99-year lease on the airport but it will revert back to government ownership at the end of this century. According to Sydney Airport, it generates $30.8 billion in economic activity a year, which is equivalent to 6.4% of the NSW economy.

Sydney Airport November 2018 Passenger Update

Sydney Airport revealed that international passengers grew by 3.5% to 1.35 million in November 2018 compared to the same month last year. Domestic passengers declined by 1.1% to 2.38 million. That means total passengers increased by 0.5% to 3.74 million.

The Sydney Airport CEO Geoff Culbert said: “Domestic passenger traffic of -1.1% was impacted by a strong prior corresponding period in addition to weather disruptions.”

International passenger growth is gliding higher thanks to increases from a few key countries. In November 2018, Chinese passengers grew by 7.6%, Kiwi passengers increased by 5.7%, USA passengers increased by 8.4%, Japanese passengers went up by 7.1% and Malaysian passengers flew higher by 14.9%.

Is it time to buy Sydney Airport shares?

It’s good to see Sydney Airport notched up another month of growth. But that growth seems to be slowing – trees don’t grow to the sky after all.

Many investors consider Sydney Airport as a ‘bond-proxy’, meaning its share price and valuation could be linked to what interest rates are doing. If interest rates fall, shares like Sydney Airport look better. If interest rates rise, shares are relatively less attractive.

My concern is the US Fed just increased interest rates again. So whilst Sydney Airport offers a yield of 5.4%, it could be a ‘yield trap’ if the shares fall in value.

I think there could be better-priced growth options out there, such as the two shares in the free report below.

[ls_content_block id=”14947″ para=”paragraphs”]

$50,000 per year in passive income from shares? Yes, please!

With interest rates UP, now could be one of the best times to start earning passive income from a portfolio. Imagine earning 4%, 5% — or more — in dividend passive income from the best shares, LICs, or ETFs… it’s like magic.

So how do the best investors do it?

Chief Investment Officer Owen Rask has just released his brand new passive income report. Owen has outlined 10 of his favourite ETFs and shares to watch, his rules for passive income investing, why he would buy ETFs before LICs and more.

You can INSTANTLY access Owen’s report for FREE by CLICKING HERE NOW and creating a 100% FREE Rask Account.

(Psst. By creating a free Rask account, you’ll also get access to 15+ online courses, 1,000+ podcasts, invites to events, a weekly value investing newsletter and more!)

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

Skip to content