HLO is almost like a leveraged play on travel as it not only derives earnings from the sector but also if the sector rises, the value of their CTD shares also rise. CTD looks like it has bottomed and is forming a new uptrend - this directly benefits HLO.
Probably more importantly, with China re-opening and inbound travel on the way up, the sector is getting its groove back. Please feel free to fact check but if I remember correctly, China used to be our biggest tourism contributor by $$.
Now that they’re allowed to travel and have started buying tickets to Australia (and other destinations), it’s not surprising that this beaten down and unloved stock is getting some attention. Still looks very much undervalued at these levels. Glad I picked up a lot more in the low $1.30s.
HLO Price at posting:
$1.56 Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)