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<Research>UBS Anticipates CATHAY PAC AIR Shr Placement to Lift SWIRE PACIFIC A Mkt Cap by 0.7%
SWIRE PACIFIC A (00019.HK) announced that it would sell its 2.52% stake in CATHAY PAC AIR (00293.HK) through a placement at HKD11.74 per share, generating proceeds of HKD1.789 bill...
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<Research>UBS Anticipates CATHAY PAC AIR Shr Placement to Lift SWIRE PACIFIC A Mkt Cap by 0.7%
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SWIRE PACIFIC A (00019.HK)  +0.450 (+0.517%)    Short selling $67.02M; Ratio 377.292%   announced that it would sell its 2.52% stake in CATHAY PAC AIR (00293.HK)  -0.330 (-2.811%)    Short selling $38.13M; Ratio 79.812%   through a placement at HKD11.74 per share, generating proceeds of HKD1.789 billion, according to a UBS report.

The decision to conduct this placement came after CATHAY PAC AIR's repurchase of the 9.6% stake previously held by Qatar Airways, bringing its shareholding back closer to historical levels, SWIRE PACIFIC A said.

Related News BNP Paribas Downgrades CATHAY PACIFIC (00293.HK) to 'Neutral', Expects Negative Impact on 2H Demand from Fuel Surcharge Increase
UBS estimated that the sale would increase SWIRE PACIFIC A's market capitalization by around 0.7%, and the company's consolidated net debt ratio may improve from 20.6% at the end of 2025 to 20%.

The broker believes this sale is similar to the situation last month when another strategic shareholder, AIR CHINA (00753.HK)  -0.190 (-3.808%)    Short selling $27.03M; Ratio 47.055%   , sold its shares in CATHAY PAC AIR, and SWIRE PACIFIC A remains confident in its aviation business.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-02 16:25.)

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