Sydney Airport Holdings Pty Ltd (ASX:SYD) CEO boasts of flying start to 2018

Sydney Airport Holdings Pty Ltd’s (ASX: SYD) chief executive, Geoff Culbert, is upbeat about the future of global travel in anticipation of Boeing’s new 777X and Airbus A350-900 hitting the market.  

At the annual general meeting, Culbert said that with a growing middle class in parts of the world, especially in China with only 8% of the population having a passport, there will be more international passengers passing through Sydney. 

The company expects to meet distribution guidance of 37.5 cents per stapled security, up from 34.5 cents last year. The shares are trading on a forward price-earings-ratio (PER) of 44x and are paying an annual dividend yield of 5%, which is unfranked. 

Transurban Group (ASX: TCL), in the same sector, is trading on an even higher forward PER of 61x, and pays an annual dividend yield of 4.8%, which is 8% franked. 

This “Holy Grail” Technology Could Produce World’s First Trillionaire

One of the world’s richest people is sounding the alarm on what could be a trillion-dollar technology.

And when a tech billionaire – several times over – speaks, it pays to listen.

This could be your chance to get in on the ground floor!

Click here to discover a $19.9 trillion dollar idea — hidden in plain sight!

Motley Fool contributor Rosemary Steinfort owns shares of Transurban Group. The Motley Fool Australia owns shares of and has recommended Sydney Airport Holdings Limited and Transurban Group. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…


The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!