Stocks of the Hour: Qantas, BetMakers & Select Harvests

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Did you think the concept of “vaccine passport” was excessive? Think again. Qantas has raised the bar with vaccine tickets and vaccine coupons. Australia’s national flag carrier Qantas (ASX:QAN) has proposed a reward initiative to assist the vaccine roll-out effort. The $8.8 billion airline is considering several incentive schemes such as loyalty membership points or one-off vouchers to encourage travelers to be inoculated with both doses of an approved coronavirus vaccine. 

Shares in Qantas Airways (ASX:QAN) are trading 2.03 per cent higher at $4.79.

Digital bookmaking technology firm BetMakers (ASX:BET) has entered the race to acquire rival Tabcorp (ASX:TAH)’s wagering and media platforms. The $1.3 billion firm has tabled an audacious cash and scrip bid to acquire these assets for $4 billion. The indicative, non-binding proposal comprises of an upfront cash consideration of $1 billion and a $3 billion interest in the BetMakers.

Shares in Betmakers Technology Group (ASX:BET) are trading 12.2 per cent lower at $1.41.

Nut and health food company Select Harvests (ASX:SHV) has reported a downturn in earnings and profits in the first half of the financial year. Australia’s largest almond producer has attributed the profit hit to a substantial drop in the almond price, despite reporting a bumper crop.

Shares in Select Harvests (ASX:SHV) are trading 5.7 per cent lower at $5.62.

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Source: Finance News Network