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    CTD   AU000000CTD3

CORPORATE TRAVEL MANAGEMENT LIMITED

(CTD)
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Miners, financials help Australian shares post 3-week closing high

10/18/2021 | 03:09am EST

Oct 18 (Reuters) - Australian shares rose for a third straight session on Monday to close at their highest level in three weeks, buoyed by gains in mining and financial stocks.

The S&P/ASX 200 index closed 0.26% higher at 7,381.1, with miners climbing 1% on the back of strong copper, aluminium and zinc prices amid supply constraints as electricity price hikes in Europe led to some production cuts.

Gains in the sector, which relies considerably on exports to China, were capped by the world's second-largest economy missing its third-quarter GDP growth estimates.

Sub-index heavyweights Rio Tinto, Fortescue Metals and BHP Group advanced in a range of 0.9% to 1.9%.

"The gains (in mining stocks) were a part of the broader bounce-back from sell-offs earlier this year," said Dale Raynes, associate director at CPS Capital.

Financials also helped the benchmark as they rose 1%. The so-called "Big Four" banks gained between 0.5% and 1.6%.

Travel stocks rallied after Sydney eased more COVID-19 restrictions as vaccination rates increase. Qantas Airways added 1.1%, while travel management firms Flight Centre , Corporate Travel Management and Webjet rose between 0.4% and 2.2%.

Energy stocks rose 0.8% as oil prices hit their highest level in years on recovering demand from the pandemic and gas-to-oil switching for power generation.

Gains in financials and miners were cut by tech and gold stocks. Tech stocks slid 1.2%, tracking losses in Asia from weak China data, while gold stocks dropped 1.3%.

Healthcare stocks, which are more export-reliant and earn in U.S. dollars, fell 1% on the back of the greenback's weakness in the previous session.

New Zealand's benchmark S&P/NZX 50 index slipped 0.1% to 12,998.51 after the country's consumer price index beat expectations in the third quarter, jumping to its highest level in more than a decade and leading to inflation fears. (Reporting by Harshita Swaminathan in Bengaluru; Editing by Subhranshu Sahu)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BHP GROUP 1.85% 40.69 End-of-day quote.-4.10%
CORPORATE TRAVEL MANAGEMENT LIMITED 1.51% 23.58 End-of-day quote.34.74%
FLIGHT CENTRE TRAVEL GROUP LIMITED -1.26% 17.99 End-of-day quote.13.50%
FORTESCUE METALS GROUP LIMITED 3.27% 17.98 End-of-day quote.-23.26%
QANTAS AIRWAYS LIMITED -0.58% 5.14 End-of-day quote.5.98%
WEBJET LIMITED -0.72% 5.52 End-of-day quote.8.88%
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Financials
Sales 2022 467 M 334 M 334 M
Net income 2022 51,6 M 36,9 M 36,9 M
Net cash 2022 113 M 80,7 M 80,7 M
P/E ratio 2022 59,9x
Yield 2022 0,67%
Capitalization 3 230 M 2 315 M 2 312 M
EV / Sales 2022 6,67x
EV / Sales 2023 4,35x
Nbr of Employees 2 600
Free-Float 81,5%
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Corporate Travel Management Limited Technical Analysis Chart | CTD | AU000000CTD3 | MarketScreener
Technical analysis trends CORPORATE TRAVEL MANAGEMENT LIMITED
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 23,58 AUD
Average target price 23,33 AUD
Spread / Average Target -1,06%
EPS Revisions
Managers and Directors
James Michael Pherous Managing Director & Director
Cale Bennett Global Chief Financial Officer
Ewen Graham Wolseley Crouch Chairman
Paul Healy Global Head-Information Systems & Security
Michael P. Kubasik Global Chief Technology Officer