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Corporate Travel Management Ltd (CTD) $17.12

People might be whinging about the significant increase in flights and holiday accommodation due to demand outstripping supply but investors clearly don’t believe it’s going to translate to increased revenue for the travel & tourism stocks with CTD failing to bounce after falling almost 40% from April’s high. Discretionary spending is expected to contract significantly next year as billions of dollars worth of home loans revert from fixed to flexible reducing the cash in many Australians’ pockets. Catching this particular falling knife feels too hard until we see a clear “washout”  on the downside.

  • We can see a break of $16 in the coming weeks/months which may resemble a “washout” if it unfolds.
MM is neutral CTD
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Corporate Travel Management Ltd (CTD)
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