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    QAN   AU000000QAN2

QANTAS AIRWAYS LIMITED

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Delayed Australian Stock Exchange  -  05/20 02:10:08 am EDT
5.560 AUD   +1.83%
05/17MARKETSCREENER'S WORLD PRESS REVIEW : May 17, 2022
05/05Qantas - Non-stop flights between Perth - London taking off again
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Australian shares rise as RBA holds rates, Omicron fears ease

12/07/2021 | 01:42am EDT

* Energy, travel-related stocks lead gains

* Medical experts talk down Omicron risks

Dec 7 (Reuters) - Australian shares rose for a third session on Tuesday, following a decision by the central bank to leave interest rates on hold and as fears around the Omicron coronavirus variant eased after experts said the new strain would not be as dangerous as Delta.

The S&P/ASX 200 index settled 0.95% higher at 7,313.9, with energy and travel stocks leading gains. The benchmark had closed 0.05% higher on Monday.

The Reserve Bank of Australia (RBA) left its cash rate at a record low, in line with market expectations, and stuck with its bond buying plans, but adjusted its policy statement to allow for a possible increase before 2023.

"The RBA is stuck pushing asset bubbles and hoping it doesn't go wrong. If the U.S. Fed moves to faster tapering next week to prepare for multiple rate rises next year, the RBA will have to follow or face high inflation," said Mathan Somasundaram, chief executive officer at Deep Data Analytics.

Top U.S. infectious disease official Dr. Anthony Fauci said, in reference to the new coronavirus variant, "thus far it does not look like there's a great degree of severity to it."

Travel and tourism stocks rebounded after medical experts talked down the risk from the Omicron variant. Travel management firms Flight Centre Travel Group, Corporate Travel Management and Webjet gained between 2.8% and 5.4%, while carrier Qantas Airways added 5% in its best session since Nov. 8.

Energy stocks climbed 2.07% after oil prices rebounded nearly 5% overnight. Beach Energy Ltd was the top gainer with a rise of 4.27%, followed by Oil Search Ltd .

Papua New Guinea-focussed Oil Search advanced 3.53% after its A$8.8 billion ($6.23 billion) buyout by Santos Ltd received overwhelming support from its shareholders.

New Zealand's benchmark S&P/NZX 50 index was largely unchanged at 12,609.9. ($1 = 1.4118 Australian dollars) (Reporting by Riya Sharma in Bengaluru; Editing by Subhranshu Sahu)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) -0.13% 0.7032 Delayed Quote.-3.01%
BEACH ENERGY LIMITED -2.72% 1.61 Delayed Quote.27.78%
BRITISH POUND / US DOLLAR (GBP/USD) 0.19% 1.24866 Delayed Quote.-7.89%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) -0.17% 0.7783 Delayed Quote.-1.43%
CORPORATE TRAVEL MANAGEMENT LIMITED 0.73% 21.99 Delayed Quote.-0.09%
EURO / US DOLLAR (EUR/USD) -0.18% 1.056 Delayed Quote.-6.97%
FLIGHT CENTRE TRAVEL GROUP LIMITED 1.83% 20.59 Delayed Quote.16.86%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.59% 0.012844 Delayed Quote.-3.79%
LONDON BRENT OIL 0.94% 112.54 Delayed Quote.42.93%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 0.38% 0.64048 Delayed Quote.-6.67%
OIL SEARCH -2.42% 4.04 End-of-day quote.0.00%
QANTAS AIRWAYS LIMITED 1.83% 5.56 Delayed Quote.10.98%
S&P/ASX 200 1.15% 7145.6 Real-time Quote.-5.11%
SANTOS LIMITED -1.58% 8.08 Delayed Quote.28.05%
WEBJET LIMITED 2.21% 6 Delayed Quote.16.05%
WTI 1.22% 110.515 Delayed Quote.44.84%
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Financials
Sales 2022 8 593 M 6 038 M 6 038 M
Net income 2022 -903 M -634 M -634 M
Net Debt 2022 3 804 M 2 673 M 2 673 M
P/E ratio 2022 -12,4x
Yield 2022 -
Capitalization 10 469 M 7 357 M 7 357 M
EV / Sales 2022 1,66x
EV / Sales 2023 0,85x
Nbr of Employees 22 000
Free-Float 99,0%
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Number of Analysts 13
Last Close Price 5,56 AUD
Average target price 6,28 AUD
Spread / Average Target 12,9%
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Managers and Directors
Alan Joseph Joyce CEO, Executive Director & Managing Director
Vanessa Hudson Chief Financial Officer
Richard J. B. Goyder Chairman
Robert Marcolina Group Executive-Strategy, People & Technology
Maxine Nicole Brenner Independent Non-Executive Director
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