General Comments

I see Citibank have listed CTD in their list of top Small Cap picks to outperform in 2025....
per AFR article:
Corporate Travel Management

A more positive outlook for travel prompted Citi to recently upgrade Corporate Travel Management to a buy rating after the stock tumbled 36 per cent in 2024.
Analyst Samuel Seow cited an increase in US corporate travel and “steady progress” by the company in growing its market share in Australia and New Zealand as part of the reason for its bullish view on the stock.
“We find the stock to be attractively priced, with a price-to-earnings ratio approximately 30 per cent below its 10-year pre-pandemic average, based on current depressed earnings,” he said.

If FY25 H1 results hit the mark, we should see the recent positive momentum continue....