Hong Kong stocks movement | CATHAY PAC AIR (00293) fell over 3%. UBS Group expects CATHAY PAC AIR cargo will be affected by USA policies in the short term.

CATHAY PAC AIR (00293) fell over 3%, as of the time of writing, down 3.13%, priced at 9.92 Hong Kong dollars, with a transaction volume of 0.116 billion Hong Kong dollars.

Zhitong FinanceFeb 7 01:44 ET

Market Chatter: Cathay Pacific Names China Chief

MT NewswiresFeb 7 00:59 ET

UBS Group: Assigns a "Buy" rating to CATHAY PAC AIR with a Target Price of HKD 12.1.

UBS Group released a research report stating a Target Price of HKD 12.1 for CATHAY PAC AIR (00293), with a rating of "Buy". The report noted that the suspension of packages entering from China and Hong Kong by the USPS in the USA has had an impact. The bank expects this will affect the short-term cross-border e-commerce demand between China/Hong Kong and the USA, but demand is expected to gradually recover as customers will bear price pressures, especially due to China's cost advantages and the lack of direct substitutes for Low Stock Price products from China. The bank indicated that since over 50% of CATHAY PAC AIR's package freight volume is related to e-commerce, short-term load factor and revenue are expected to be affected.

Sina Hong Kong Stock.Feb 6 02:01 ET

UBS Group: Assigns CATHAY PAC AIR (00293) a "Buy" rating with a Target Price of 12.1 Hong Kong dollars.

UBS Group stated that since CATHAY PAC AIR has over 50% of its external cargo volume related to parcel freight and e-commerce, it is expected that the short-term load factor and revenue will be affected.

Zhitong FinanceFeb 5 22:46 ET

The aviation/airlines industry experienced a general decline, with Air China Limited (00753) falling by 5.24%. Institutions indicate that the rise in oil prices in the short term may put pressure on airlines' profits in the first quarter.

Jinwu Financial News | The Aviation/airlines Industry has seen a widespread decline. As of the time of writing, Air China Limited (00753) has fallen by 5.24%, China Southern Airlines (01055) has dropped by 3.86%, China Eastern Airlines (00670) is down by 2.44%, and CATHAY PAC AIR (00293) has decreased by 2.3%. In terms of news, GTJA pointed out that passenger flow increased by 4% year-on-year during the first four days of the holiday, but the high base led to a slight decrease in the number of flights year-on-year, affecting the growth rate of passenger flow. Regarding ticket prices, it is estimated that the net ticket price during the holiday has decreased year-on-year, with the operational fleet turnover and passenger load factor remaining flat year-on-year. HSBC Analysts noted that despite the weak trend in ticket prices, Chinese airlines are expected to see a strong performance during the Lunar New Year period.

King Wu Financial NewsFeb 4 21:57 ET

Hong Kong stocks movement | The aviation/airlines industry fell across the board in the morning due to a high base affecting the year-on-year flight volume, slightly reducing passenger flow growth, and the ticket prices during the festival dropped year-on

In the morning session, the aviation/airlines industry experienced a general decline. As of the time of this report, Air China Limited (00753) fell by 4.82%, trading at HKD 4.54; China Southern Airlines (01055) dropped by 3.58%, trading at HKD 3.50; CATHAY PAC AIR (00293) decreased by 2.11%, trading at HKD 10.22; and China Eastern Airlines (00670) fell by 1.22%, trading at HKD 2.43.

Zhitong FinanceFeb 4 21:26 ET