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Posted by
Two Blokes May 28 -
Filed in
Stock
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TAV Airports benefits from high inflation in Turkey and Kazakhstan, as most of its revenue is in hard currencies while many costs are in local currencies. The company's core business model involves long-term airport operating rights, providing stable cash flows and a durable competitive moat. With major investments recently completed, TAV is entering a low-capex phase that should boost free cash flow.
