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Webjet Ltd (WEB) $9.10

WEB delivered an impressive result in late May and the news that they are considering demerging their business 2 business (B2B) division, which is growing more strongly than their business 2 consumer (B2C) operation, was exciting from a valuation perspective, i.e. The view being that two standalone franchises would be more highly valued than the combined entity saw the market spike the stock up towards $10 before calm returned. However, their intention is still value accretive, and if WEB, one of Australia’s most visited online travel agents endures some profit-taking similar to that experienced by US tech stocks, an enticing entry opportunity may emerge. We like the stock ~$8.50.

  • We like WEB, but the risk/reward is not exciting above $9, although the stock has a solid growth catalyst that should keep it well supported into dips.
WEB
MM is bullish towards WEB
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Webjet Ltd (WEB)
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