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.
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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