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Tourism Holdings: Dividend Coming Soon

10 March 2023

Tourism Holdings shares were up after releasing solid earnings guidance for the 2023 financial yea0, ahead of its 2023 half year result. The stock now trades at a 3.5 year high, well above post-Covid levels. Factoring in a 7-month contribution from Apollo Tourism and Leisure, Tourism Holdings expects 2023 full year net profit to be $48m, whilst projecting net profit of $75m for 2024 financial year. We feel Tourism Holdings is attractively priced and, in a position, to reintroduce its dividend at the end of its 2023 financial year.

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