MM views on Qantas (QAN) & Kogan (KGN)

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Question asked 09/10/2021

MM views on Qantas (QAN) & Kogan (KGN)

Hi James, well done on the commodities presentation. Following on from the presentation, what is your view on Qantas considering such a bullish outlook for Oil? Also is Kogan worth holding on to? Michael - From Byron Bay

Answer

Hi Michael,

While we do remain bullish oil our overriding view is the pent up demand for both domestic and offshore travel is immense and QAN will be a major benefactor, plus the corporate moves they have made during the pandemic will stand them in good stead to be more profitable in the future than they have been in the past. The stock does feel likely to take a rest around the $6 area but our medium-term target of $7 remains in play.

Secondly, Kogan (KGN) is still working through inventory issues and that takes time but under $10.00 we still like it and hold in our Emerging Companies Portfolio

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Qantas Airways Ltd (QAN)

LAST UPDATED 09/10/2021 08:10

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