SYDNEY: Australia’s two biggest share listings this year will highlight a polarised investment landscape: the strong, expanding allure of high-growth technology, versus entrenched demand for coal-linked assets that offer a steady stream of high dividends.
Canada’s Brookfield Asset Management will early next month offer investors a coal terminal in Queensland that, according to Credit Suisse analysts, could be valued at up to A$3.5bil (US$2.5bil). The deal promises a dividend yield of more than 5.5% and will likely be Australia’s biggest initial public offering (IPO) in about two years.