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Citi Keeps CATHAY PAC AIR (00293.HK) Rating at Sell w/ TP $11.2
2026-03-12 10:19:00
CATHAY PAC AIR (00293.HK) announced its annual results for the year ended December 2025, with core profit for 2H25 reaching $6.1 billion, up 7% YoY, Citi Research issued a research report saying.

Excluding contributions from associated companies, core profit was $5.4 billion, up 43% HoH and 8% YoY. The annual results met 107%/ 108% of full-year estimations of the broker/ market.

Apart from the Middle Eastern conflicts, Citi Research kept rating at Sell for CATHAY PAC AIR, primarily due to weak growth in outbound tourism from China, with a target price of $11.2.
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