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Their angle I think is the distribution reach. 789 travel agents nationwide is not small, and management said bookings already visible into end-2026. For travel counter, that kind of visibility not bad lah.
Good thing is they are not overly exposed to the more troubled travel regions. East Asia made up 60.4% of FY2025 revenue, while Europe and Middle East were much smaller.
Everyone’s worried about the oil price going up, but honestly, no need to stress too much. Fuel surcharges might have a small impact on individual ticket sales, but it’s not a big deal since Golden Destinations mainly focuses on group tours. And for those tours, their flight seats are already locked in through agreements with airline partners
Wrong timing for listing. Tourism business is uncertain during war crisis. Even AirAsia and Aquawalk share prices took a dip, what else about this IPO.
Hope the buyers won't be given a free ticket to Holland. Good luck.