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QANTAS (QAN)

$5.74
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Market Matters
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MM is long & bullish QAN

OPINION

Qantas (QAN) $5.74

QAN -1.2%: Nice to be on a call today that was bullish / pro-growth from a travel stock with Qantas outlining their intention to buy more than 100 new planes worth in excess of $9 billion as it pushes ahead with plans to start ultra-long flights non-stop between Sydney & Ney York + London. QAN will bring in the new aircraft by 2034 to renew its aging...

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Qantas (QAN) $5.80

The flying kangaroo has looked after us nicely since our mid-August purchase however although we are looking to “fade the pop” in a number of cases this is one stock which MM believes can still challenge its pre-COVID levels around 20% higher.

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Qantas (QAN) $5.04

FY21 Result: Obviously a year of losses expected for the flying Kangaroo however it was slightly less than we thought which is a positive, while underlying EBITDA of $410m was inline with company guidance but better than market expectations of $356m. Their restructuring program is ahead of schedule and their rhetoric today was more positive. 

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Qantas Airways Ltd (QAN) $4.87

MM is holding QAN in our Growth Portfolio and this position has come to life so far this week, fingers crossed todays result is taken positively as we look into the future where pent up demand is clearly huge.  The QAN share price remains 35% below its pre-pandemic high and assuming no hidden surprises in todays earnings report we remain happy...

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Reporting Today (A2M, APX, ALX, AUB, BKL, CGC, CWM, APE, EDV, FLT, IFL, LNK, NIC, PRU, PTM, PNV, QAN, QUB, RHC, RMS, SBM, SSM, TYR, WHC, WOW)

Companies reporting today include: A2 Milk (A2M), Appen (APX), Atlas Arteria (ALX), AUB Group (AUB), Blackmores (BKL), Costa Group (CGC), Cromwell Property (CMW), Eagers Automotive (APE), Endeavour Group (EDV), Flight Centre (FLT),  IOOF (IFL), Link Administration (LNK), Nickel Mines (NIC), Perseus Mining (PRU), Platinum Asset (PTM) – yesterday afternoon, Polynovo (PNV), Tyro Payments (TYR), Service Stream (SSM),  Qantas (QAN), Qube (QUB), Ramsay Health (RHC), Ramelius Resources (RMS), St. Barbara (SBM), Whitehaven Coal (WHC), Woolworths (WOW)

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Qantas Airways (QAN) $4.92

QAN is an obvious candidate in today’s lockdown environment and while it’s not often that your hear me or MM advocate airlines the risk / reward for QAN looks great under $5 – for the chartists out there the price action looks almost identical to SYD since 2019, will lightening strike twice?

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Qantas (QAN) $4.68

QAN +3.54%: the national carrier found some support today, that comes despite announcing it would likely post a $2b statutory loss for FY21.

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Travel Stocks

QAN +3.14%, WEB +4.73%, CTD -1.33%,  FLT +4.36%: Caught a bid today with NZ finally announcing a date for the Trans-Tasman quarantine free bubble.

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Broker Moves

Macquarie out with a bullish note this morning on the ‘reflation trade’ a theme MM has been talking about for a while. They say Investors should continue to position for reflation this year, as the $1.9 trillion U.S. stimulus package plus a surge in consumer spending should support robust economic activity

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ACTION

QAN
UPDATED 05/10/2021 17:09
MM is long & bullish QAN
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QAN
UPDATED 28/09/2021 11:17
MM is still bullish QAN targeting a test of $7
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QAN
UPDATED 27/08/2021 08:58
MM remains bullish & long QAN
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QAN
UPDATED 27/08/2021 08:57
MM is bullish QAN initially targeting $6
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QAN
UPDATED 12/08/2021 11:12
MM are buying QAN in the Flagship Growth Portfolio, allocating 4% around $4.53
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QAN
UPDATED 06/07/2021 10:20
MM likes QAN and stops can be used under $4.40
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QAN
UPDATED 06/04/2021 20:23
We like QAN & CTD, although currently holder neither
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QAN
UPDATED 18/02/2021 17:19
MM likes QAN around current levels
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QAN
UPDATED 13/11/2020 09:45
MM is neutral QAN around $5.
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Australia's national airline

Qantas Airways (QAN) provides transportation of passengers through two airlines including Qantas (full service carrier) and Jetstar (low cost carrier), operating international, domestic and regional services. The Company also includes Qantas Frequent Flyer and Qantas Freight which generates diverse revenue streams and adds value for customers and investors.

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Qantas Airways Ltd (QAN)
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Qantas Airways Ltd (QAN)
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QANTAS (QAN)
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Qantas (QAN)
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QANTAS (QAN)
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