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Morgan Stanley: Maintains Cathay Pacific Airways' "shareholding" rating, with a target price of HKD 10.
JPMorgan released a research report stating that the earnings forecast for Cathay Pacific Airways (00293) for the 2024-2025 fiscal year is expected to increase by an average of about 12%, which is more than 5% higher than the expected earnings level of the consensus. At the same time, the expected earnings for the 2026 fiscal year were introduced, and the target price was reduced from HKD 11.2 to HKD 10, with a "shareholding" rating maintained. The Bank believes that Cathay Pacific Airways' strong profit trends and cash generation capabilities after the epidemic seem to have been overlooked. Recently, the demand for air travel is still strong, and the passenger revenue rate is expected to rise in 2024. The cargo revenue rate has fallen slightly from the previous quarter, but is still far higher than the pre-epidemic level, mainly due to strong demand for cross-border e-commerce.
Goldman Sachs maintains a 'Shareholding' rating for Cathay Pacific Airways (00293) with a target price of 10 Hong Kong dollars.
Goldman Sachs has raised its average profit forecast for Cathay Pacific Airways (00293) in the 2024-25 financial year by about 12%.
Potential Upside For Cathay Pacific Airways Limited (HKG:293) Not Without Risk
With a median price-to-sales (or "P/S") ratio of close to 0.8x in the Airlines industry in Hong Kong, you could be forgiven for feeling indifferent about Cathay Pacific Airways Limited's (HKG:293) P/
Express News | Cathay Pacific Says It Will Buy Back All Remaining Hong Kong Government's Preference Shares Worth HK$9.75 Bln at End of July
Cathay Pacific: To Buy Back HK$9.75B in Remaining Preference Shares Issued to HK Government
Cathay Pacific: To Buy Back HK$9.75B in Remaining Preference Shares Issued to HK Government
Cathay Pac Air (00293) has issued a notice to Aviation 2020 for the redemption and cancellation of the remaining 97.5 million preferred shares.
Cathay Pacific Airways (0293) announced that on July 5, 2024, the company will issue a 2 billion yuan corporate bond with a term of not more than 7 years, with a fixed interest rate of not more than 2.8%.
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