CTD 2.38% $13.76 corporate travel management limited

Ann: CTD 2019 Full Year Results, page-14

  1. 1,245 Posts.
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    Pretty much what I expected as above. I think this is a very defensive result. The company is playing it very safe.
    However that means the growth is not there like previous corresponding period comparisons. PE is reasonable at this price, not cheap.
    But more importantly neither is there any "red flags" with respect to business quality, the cash flow related questions are suitably answered. Shorting on valuation alone becomes a dangerous game.
 
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