Business
Why this broker thinks it’s time to buy Qantas (ASX:QAN) shares
With the borders of most states and territories reopening and Victoria’s coronavirus outbreak now a thing of the past, the future is finally starting to look much rosier for all Australians. There is even reason to hope that there could be a solid rebound in domestic tourism this summer.
So, is it finally time to start investing in the tourism sector?
Shares in most ASX tourism companies have taken a substantial hit this year. And despite better local news over the last couple of months, most ASX tourism shares are still languishing at or near their 52-week lows.
Travel agent Flight Centre Travel Group Ltd (ASX: FLT) shed close to 70% of its value back in March and, despite a small rise over the last month or so, at $16.87 it is…
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