QAN 0.50% $6.03 qantas airways limited

macquarie banks view on qantas

  1. 13,114 Posts.
    lightbulb Created with Sketch. 149
    Qantas (QAN) - who’s share have tumbled 9 percent following the ACCC’s rejection of the proposed alliance with Air New Zealand - received welcome news yesterday in the form of a strategic alliance between British Airways (BA) and Swiss International Airlines, and the federal government decision to block a push by Singapore Airlines to fly the lucrative Australia-US route.

    The decision by the federal government to block Singapore Airlines access the Australia-US route is a strong positive for QAN who has been facing increased competition on a number of domestic and international routes. However, it appears that the decision was expected by the market, with shares in QAN edging only 1c higher to $3.21.

    BA’s alliance with Swiss International Airlines (SIA) allows QAN, as a member of the oneworld alliance, to expand their commercial relationships with SIA and make greater use of Zurich Airport as a hub for central European flights.

    Macquarie Research Equities (MRE) maintain a short-term Outperform recommendation on QAN and valuation of $4.00, based on their belief that the impact of increased competition on earning will be mitigated by a recovery in international markets and higher domestic demand.
 
watchlist Created with Sketch. Add QAN (ASX) to my watchlist
(20min delay)
Last
$6.03
Change
0.03(0.50%)
Mkt cap $9.688B
Open High Low Value Volume
$6.05 $6.06 $6.00 $4.396M 728.5K

Buyers (Bids)

No. Vol. Price($)
28 26423 $6.02
 

Sellers (Offers)

Price($) Vol. No.
$6.03 6396 15
Last update - 11.57am 17/01/2019 (20 minute delay) ?
(live)
Last
$6.03
  Change
0.03 ( 0.53 %)
Open High   Low Volume
$6.04 $6.06   $6.00 116538
Last updated 12.13pm 17/01/2019 (live) ?
QAN (ASX) Chart
GET SUPPORT arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.