Corporate Travel (CTD) +4.94%: This is a stock we’re keen on as discussed in recent notes and today they delivered an okay update for the 1H21 given the challenging conditions, however there is a solid improvement in exit-run rate for the period and importantly, they’ve won a lot of new customers over the past 6 months, plus of course invested internationally at a low point. We like companies that have the fortitude to turn turmoil into opportunity and that’s what CTD did during the pandemic. These guys will come out the other side a lot bigger and stronger business and while these half yearly numbers were nothing to get excited about, things are shaping up nicely for FY21.
MM are bullish CTD
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