Experience Co's 1H result was in line with Morgans forecasts. Trading and earnings for January were in line with the previous corresponding period and trading was positive in February despite inclement weather, note the analysts.

Management is encouraged by lead indicators from the Chinese New Year which indicate the inbound tourism market from China continues to improve.

The broker believes the company may be reaching an inflexion point for its revovery as aviation capacity into Australia is set to reach around 100% of pre-covid levels in the 2H.

The Add rating and 30c target are maintained.

Sector: Consumer Services.

Target price is $0.30.Current Price is $0.17. Difference: $0.13 - (brackets indicate current price is over target). If EXP meets the Morgans target it will return approximately 43% (excluding dividends, fees and charges - negative figures indicate an expected loss).

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