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<Research>Citi Downgrades CATHAY PAC AIR (00293.HK) to Sell, Adds TP to $11.2
Recommend 3 Positive 12 Negative 13 |
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Citi Research issued a research report continuing to observe that the RASK (revenue per available seat kilometer) of airlines in the Asia-Pacific region may experience a low single-digit YoY decline or close to flat in 1H26. The broker downgraded CATHAY PAC AIR (00293.HK) from Neutral to Sell as its share price has risen 19% over the past 12 months, and added its target price from $10.7 to $11.2. Due to an increase in the proportion of transit passengers and uncertainties in China's outbound travel momentum, Citi Research expected CATHAY PAC AIR's passenger yield to fall by 11% in 2026, with the broker's 2026 earnings forecast being 17% lower than the market consensus. AASTOCKS Financial News Website: www.aastocks.com |
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