Flight Centre Diversifying into Overseas and Corporate Travel to Combat Headwinds Facing Leisure
Shares in Flight Centre have retraced considerably in recent months, down 35% (dividend-adjusted) since the results release on Aug. 23, 2018 and underperforming the market by 23%. The risk-reward proposition for investors is becoming more balanced at current prices, but the stock is still trading at 12% above our unchanged AUD 38.00 fair value estimate.The risk side of the equation relates to longer-term pressures on no-moat-rated Flight Centre's physical store-based model in Australia and New ...
Flight Centre Travel Group is engaged in the travel retailing in both the leisure and corporate travel sectors, plus wholesaling.
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