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ASX Top 200 Stocks Down Under 30 August 2021: WiseTech Global, Treasury Wine Estates, Flight Centre Travel Group
WiseTech Global: Short covering has made WTC too expensive
In today’s edition of ASX Top 200 Stocks Down Under, Back on 27 February 2020, Sydney-based logistics software company WiseTech Global was trading near a 52-week low. To some, the polarising share was best left untouched given its valuation and disdain among short-sellers. Yours truly at Stocks Down Under felt it was a good buy opportunity. WiseTech is up more than 80% since then and is trading near a 52-week high. We can’t deny the valuation is now quite rich, but feel it is warranted given the growth ahead as the logistics industry goes digital.
Also in today’s edition, a look at winemaker Treasury Wine Estates (ASX: TWE) and travel centre the Flight Centre Travel Group (ASX: FLT).
Click here to read the previous edition of ASX Top 200 Stocks Down Under published 23 August 2021