Happy, it's not the PE. Though that may be a small part of it. Those other companies don't operate aircraft, and so they're not exposed to large amounts of capital expenditure that QAN is as a function of market cap.
It's the oil price. Oil is approaching a 12 month low. The Chinese economy is in the doldrums, and if that continues, then oil will remain at low prices, which is good for QAN's bottom line, especially as it represents 30% of their total costs.
Another concern is the Albanese / Wong socialist alliance, which is trying to derail and destroy the capitalist environment in Australia. The RBA is now also in their sights. Luckily, and hopefully, we have only 9 months of this Marxist cancer.
Happy, it's not the PE. Though that may be a small part of...
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Last
$6.80 |
Change
0.020(0.29%) |
Mkt cap ! $11.08B | |||
| Open | High | Low | Value | Volume |
| $6.81 | $6.85 | $6.78 | $20.98M | 3.080M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 89 | 44648 | $6.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.81 | 19794 | 40 |
View Market Depth
| Last trade - 13.56pm 05/09/2024 (20 minute delay) ? |
| QAN (ASX) Chart |