Article this year...31 May 2024 18:30
In a note last week, analysts at HSBC said “significant temporary benefits to Alsa from a multi-voucher scheme,” which could lift future profits above estimates. HSBC gave the operator a buy rating but warned there was still “much to prove.”
“While disappointing, forecasts for this year should now set the floor from which recovery is possible… profits should rebuild and, from a top-down perspective, we are comfortable with where we end up on the forecasts,” the analysts said.
There are a number of issues getting sorted here..
Covid gone and playing catch up
Alsa booming ...
US sale will pay down the debt
Passenger numbers are doing well..
I think we are in a lag here... and much has to do with covid.. Best sit back and look at the share price in 12 month.. I think if you have bought at these prices.. you will make a killing in time.. all imo.