Webjet's New Bull Sees 1H Result as Potential Catalyst -- Market Talk

Dow Jones

Nov 19, 2024

0337 GMT - Webjet's new bull sees potential for the consumer-focused travel agent's first-half results to act as a positive catalyst for the stock. RBC Capital Markets analyst Wei-Weng Chen initiates coverage of the stock with an outperform rating, telling clients in a note that the company--which recently separated from the Web Travel corporate-focused business--is well capitalized, highly cash generative and expected to return to dividend payments from fiscal 2026. Chen says that his forecasts are undemanding, albeit higher than the analyst average. He sees first-half Ebitda for Webjet's online travel agency rising 1% on year. RBC places a A$1.30 target price on the stock, which is up 4.2% at A$0.9275. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

November 18, 2024 22:37 ET (03:37 GMT)

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RBC Capital Markets analyst Wei-Weng Chen initiates coverage of the stock with an outperform rating, telling clients in a note that the company--which recently separated from the Web Travel corporate-focused business--is well capitalized, highly cash generative and expected to return to dividend payments from fiscal 2026. Chen says that his forecasts are undemanding, albeit higher than the analyst average. He sees first-half Ebitda for Webjet's online travel agency rising 1% on year. RBC places a A$1.30 target price on the stock, which is up 4.2% at A$0.9275. (stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 18, 2024 22:37 ET (03:37 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's New Bull Sees 1H Result as Potential Catalyst -- 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's New Bull Sees 1H Result as Potential Catalyst -- 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\">2024-11-19 11:37</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0337 GMT - Webjet's new bull sees potential for the consumer-focused travel agent's first-half results to act as a positive catalyst for the stock. RBC Capital Markets analyst Wei-Weng Chen initiates coverage of the stock with an outperform rating, telling clients in a note that the company--which recently separated from the Web Travel corporate-focused business--is well capitalized, highly cash generative and expected to return to dividend payments from fiscal 2026. Chen says that his forecasts are undemanding, albeit higher than the analyst average. He sees first-half Ebitda for Webjet's online travel agency rising 1% on year. RBC places a A$1.30 target price on the stock, which is up 4.2% at A$0.9275. (stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 18, 2024 22:37 ET (03:37 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":"2484952512","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484952512","pubTimestamp":1731987420,"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":"0337 GMT - Webjet's new bull sees potential for the consumer-focused travel agent's first-half results to act as a positive catalyst for the stock. RBC Capital Markets analyst Wei-Weng Chen initiates coverage of the stock with an outperform rating, telling clients in a note that the company--which recently separated from the Web Travel corporate-focused business--is well capitalized, highly cash generative and expected to return to dividend payments from fiscal 2026. Chen says that his forecasts are undemanding, albeit higher than the analyst average. He sees first-half Ebitda for Webjet's online travel agency rising 1% on year. RBC places a A$1.30 target price on the stock, which is up 4.2% at A$0.9275. ","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的新牛市将上半年业绩视为潜在催化剂——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WJL.AU":0.9},"content_text":"0337 GMT - Webjet's new bull sees potential for the consumer-focused travel agent's first-half results to act as a positive catalyst for the stock. RBC Capital Markets analyst Wei-Weng Chen initiates coverage of the stock with an outperform rating, telling clients in a note that the company--which recently separated from the Web Travel corporate-focused business--is well capitalized, highly cash generative and expected to return to dividend payments from fiscal 2026. Chen says that his forecasts are undemanding, albeit higher than the analyst average. He sees first-half Ebitda for Webjet's online travel agency rising 1% on year. RBC places a A$1.30 target price on the stock, which is up 4.2% at A$0.9275. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 18, 2024 22:37 ET (03:37 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":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}