Webjet Share Slump Could Be an Opportunity -- Market Talk

Dow Jones

Nov 20, 2024

0221 GMT - The slump in Webjet shares that followed the deferral of the Australian travel agent's first-half results could represent a buying opportunity, according to RBC analyst Wei-Weng Chen. He doesn't see evidence to suggest that the deferral is related to issues at Web Travel, the larger corporate travel-focused entity from which Webjet recently demerged. He thinks that the fact that Webjet shares have continued to trade while Web Travel's have been halted suggests issues aren't material for Webjet or related to the demerger. He chooses not to speculate on Web Travel's warning that it may have to restate prior-year earnings. RBC has an outperform rating and A$1.30 target price on Webjet shares, which are down 9.8% at A$0.83. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

November 19, 2024 21:21 ET (02:21 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Trading app for stocks, options & ETFs","description":"Invest in US, ASX, HK, China A-shares, ETFs & options with Tiger Brokers, Australia's trusted stock trading app!","keywords":"tiger brokers,tiger brokers au,tiger brokers australia,tiger trade,tiger trading,australia stock platform,US option,US stocks,stocks and options,australian trading platform,online broker australia,stock trading apps,mobile trading app,desktop trading,chess sponsored brokers,share trading platform","social":{"ogDescription":"Invest in US, ASX, HK, China A-shares, ETFs & options with Tiger Brokers, Australia's trusted stock trading app!","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2484133850"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"AUS","license":"TBAU","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2484133850\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2484133850?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-20 10:21","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2484133850","market":"sh","top_or_hot":-1,"title":"Webjet Share Slump Could Be an Opportunity -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0221 GMT - The slump in Webjet shares that followed the deferral of the Australian travel agent's first-half results could represent a buying opportunity, according to RBC analyst Wei-Weng Chen. He doesn't see evidence to suggest that the deferral is related to issues at Web Travel, the larger corporate travel-focused entity from which Webjet recently demerged. He thinks that the fact that Webjet shares have continued to trade while Web Travel's have been halted suggests issues aren't material for Webjet or related to the demerger. He chooses not to speculate on Web Travel's warning that it may have to restate prior-year earnings. RBC has an outperform rating and A$1.30 target price on Webjet shares, which are down 9.8% at A$0.83. (stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 19, 2024 21:21 ET (02:21 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Webjet Share Slump Could Be an Opportunity -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWebjet Share Slump Could Be an Opportunity -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-11-20 10:21</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0221 GMT - The slump in Webjet shares that followed the deferral of the Australian travel agent's first-half results could represent a buying opportunity, according to RBC analyst Wei-Weng Chen. He doesn't see evidence to suggest that the deferral is related to issues at Web Travel, the larger corporate travel-focused entity from which Webjet recently demerged. He thinks that the fact that Webjet shares have continued to trade while Web Travel's have been halted suggests issues aren't material for Webjet or related to the demerger. He chooses not to speculate on Web Travel's warning that it may have to restate prior-year earnings. RBC has an outperform rating and A$1.30 target price on Webjet shares, which are down 9.8% at A$0.83. (stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 19, 2024 21:21 ET (02:21 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"WJL.AU","symbol_name":"Webjet Group Ltd","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2484133850","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484133850","pubTimestamp":1732069260,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0221 GMT - The slump in Webjet shares that followed the deferral of the Australian travel agent's first-half results could represent a buying opportunity, according to RBC analyst Wei-Weng Chen. He doesn't see evidence to suggest that the deferral is related to issues at Web Travel, the larger corporate travel-focused entity from which Webjet recently demerged. He thinks that the fact that Webjet shares have continued to trade while Web Travel's have been halted suggests issues aren't material for Webjet or related to the demerger. He chooses not to speculate on Web Travel's warning that it may have to restate prior-year earnings. RBC has an outperform rating and A$1.30 target price on Webjet shares, which are down 9.8% at A$0.83. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"WJL.AU":"Webjet Group Ltd","BK7070":"酒店、度假村与豪华游轮"},"translate_title":"Webjet股价暴跌可能是一个机会——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WJL.AU":0.9},"content_text":"0221 GMT - The slump in Webjet shares that followed the deferral of the Australian travel agent's first-half results could represent a buying opportunity, according to RBC analyst Wei-Weng Chen. He doesn't see evidence to suggest that the deferral is related to issues at Web Travel, the larger corporate travel-focused entity from which Webjet recently demerged. He thinks that the fact that Webjet shares have continued to trade while Web Travel's have been halted suggests issues aren't material for Webjet or related to the demerger. He chooses not to speculate on Web Travel's warning that it may have to restate prior-year earnings. RBC has an outperform rating and A$1.30 target price on Webjet shares, which are down 9.8% at A$0.83. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 19, 2024 21:21 ET (02:21 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}