Morgan Stanley: Maintains CATHAY PAC AIR "In Line With Market" rating and raises the Target Price to HKD 11.6.

Morgan Stanley released a Research Report stating it maintains CATHAY PAC AIR (00293) at a "market perform" rating, with a Target Price increased from 9.1 Hong Kong dollars to 11.6 Hong Kong dollars. The bank is Bullish on CATHAY PAC AIR mainly due to its attractive dividend yield, and it is also boosted by the potential recovery of the Chinese economy; however, considering the potential recovery of Business and Leisure travel demand, its profit margin increase appeal is not as strong as that of the three major Listed in Hong Kong airlines in mainland China. The bank raised its forecast for CATHAY's net profit last year by 16.4%, while also increasing the net profit forecasts for this year and next year by 23.9% and 26.7%, mainly due to a decrease in employee costs. As aircraft deliveries are relatively...

Sina Hong Kong Stock.Mar 14 06:19 ET

Citi: Maintains SWIRE PACIFIC A "Hold" rating, slightly lowers Target Price to HKD 68.

Citi released a Research Report stating that it maintains a "Hold" rating on SWIRE PACIFIC A (00019) and slightly adjusts the Target Price from 70 HKD down to 68 HKD. The company’s recurring profit forecasts for the next two years have been raised by 12% and 15% respectively. The report notes that SWIRE's recurring profit and dividends in the second half of last year were 1% to 2% higher than the firm's predictions. Due to stronger profit predictions for its subsidiary CATHAY PAC AIR (00293), the earnings forecast for this year and next year has been increased, although dividend growth is expected to be moderate. While SWIRE's current repurchase plan will end in May, it is believed that as long as the stock valuation is reasonable (i.e., the net asset value discount widens), the group will continue its repurchase plan.

Sina Hong Kong StocksMar 14 03:50 ET

We Like These Underlying Return On Capital Trends At Cathay Pacific Airways (HKG:293)

Simply Wall StMar 13 19:14 ET

Cathay Pacific Target Price Raised to HK$12.20 From HK$12.00 by DBS Group Research >0293.HK

Dow JonesMar 13 05:29 ET · Ratings

Daiwa: Maintain CATHAY PAC AIR "Hold" rating, raise Target Price to HKD 10.5.

Daiwa released a Research Report stating that it maintains a "Hold" rating on CATHAY PAC AIR (00293), with the Target Price raised from HKD 10 to HKD 10.5. The bank has adjusted its earnings per share forecast for this year upwards by 3% to reflect better-than-expected performance, but has lowered next year's earnings per share forecast by 4% considering the normalization of passenger and cargo Business yields. Based on the balanced Business outlook for 2025, the bank finds the valuation reasonable. Daiwa pointed out that CATHAY PAC AIR's performance last year exceeded expectations, while management anticipates that passenger yield normalization will be extended into this year, and also believes that due to increased tariffs in the USA and the cancellation of Low Stock Price package tax exemptions, the visibility in the air cargo market is low. CATHAY PAC AIR today

Sina Hong Kong Stock.Mar 13 01:21 ET

Cathay Profit Beats, But Citi Questions Cargo Outlook -- Market Talk

WSJMar 13 00:27 ET