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<Research>M Stanley Raises CATHAY PAC AIR (00293.HK) TP to $12.1, Rating Equalweight
CATHAY PAC AIR (00293.HK)'s passenger volume beat expectations, but uncertainties in its cargo business remained, according to Morgan Stanley's research report. The broker ...
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<Research>M Stanley Raises CATHAY PAC AIR (00293.HK) TP to $12.1, Rating Equalweight
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16
Positive
25
Negative
16
 
SHORT SELL
 
STOCK INFO

CATHAY PAC AIR (00293.HK)  +0.080 (+0.690%)    Short selling $17.33M; Ratio 16.831%   's passenger volume beat expectations, but uncertainties in its cargo business remained, according to Morgan Stanley's research report.

The broker suggested that the stock's valuation is supportive but upside is limited. Therefore, Morgan Stanley kept rating at Equalweight, and raised its target price by 21% to $12.1.

Related NewsUBS Expects CATHAY PAC AIR's Interim Earnings to Rise 35%; Rating Reiterated as Buy with TP HKD12.9
Morgan Stanley believed that CATHAY PAC AIR's 1H25 passenger profit is likely to beat expectation. Passenger revenue kilometers (PRKs) for 5M25 grew by around 30% YoY, coupled with continued improvement in passenger load factors, will provide upward momentum for CATHAY PAC AIR's 1H25 results, which are forecasted to generate an operating profit of $6.6 billion for 1H25, with an operating margin of 12%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-09 16:25.)

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