
Closing Bell 21st February: ASX declines. Woolworths falls as CEO steps down
ASX declines. Woolworths falls as CEO steps down. CTD falls 18%. WTC rises 9%
ASX declines. Woolworths falls as CEO steps down. CTD falls 18%. WTC rises 9%
The company made significant investments for growth, including increasing its shareholding in Transmedic and acquiring Superior Pet Food Co. Ebos’s strategy includes further expansion in Southeast Asia and enhancing its product portfolio through acquisitions and new product development.
A softer than expected 1H revenue and EBITDA result was observed due to two main factors: negative travel sentiment from the conflict in the Middle East and corporate customer budgets being fully utilized by September 2023 due to high ticket prices, particularly in the northern hemisphere. However, an encouraging rebound in January activity implies these issues have dissipated.
Stocks fell Tuesday, as investors paused bullish bets on tech stocks ahead of quarterly results from the Nvidia and the minutes from the Federal Reserve’s January meeting due later this week.
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