Investment houses punt ‘cheap’ tourism plays
Flight Centre and Tourism Holdings now seen as undervalued, after struggling through the Covid pandemic.
Flight Centre travel consultants, Newmarket.
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Tourism Holdings and Flight Centre both jumped onto the radar of investment houses this week despite subdued half-year earnings, due to significant discounts to their trading value.
Dual-listed Tourism Holdings (THL) was held up as "undoubtedly cheap" after its after-tax profits fell 36.3% to $25.3
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