News: QAN Australia, New Zealand shares pare early losses as Clinton seen winning debate, page-2

not sure why qan went lower today out of proportion to general sentiment. most talk around oil is that it is likely to stay low in the short to medium term, so thats good for qan earnings.
general aust and global economy is volatile but stable and growing, which is good for travel.
china appears to be ticking along in all respects other than the debt worries, so thats good for travel demand.
i dont see much downside external/ cyclical or internal risk to justify the low p/e and inability to break upwards further beyond 3.40.
nearly all analysts i can find are recommending it as. a buy with median price targets around 5.10.
what am i missing here?
i havnt been willing to buy more at present as i am busy topping up with my available funds on bkl, cwp and csl, but perhaps my capital would be better invsted here with a sp upside of >50% and the dividends which arent under threat anytime soon.