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| HSI1 | 23,026.68 | +354.82 | 315.38B |
| HSCEI1 | 7,605.34 | +144.50 | 95.65B |
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2026-06-29 12:52:41 UBS published a research report expecting CATHAY PAC AIR (00293.HK) to announce its 1H26 results in August. Despite an upsurge in fuel costs, earnings were projected to remain resilient, supported by strong traffic trend thanks to inelastic flight demand and a solid performance in the cargo segment. In addition, following AIR CHINA (00753.HK)'s completion of its A-share issuance on 9 June 2026, CATHAY PAC AIR’s stake in AIR CHINA was diluted from 15.09% to 12.85%, and the company was expected to record a non-operating one-off gain of HKD1.4 billion in 1H26. UBS forecast reported net profit of HKD5.2 billion, up 41% YoY. Excluding the one-off non-operating gain, recurring net profit was projected at HKD3.8 billion, up slightly by 3% YoY. UBS increased its TP for CATHAY PAC AIR to HKD16.9 from HKD14.9, and reiterated its Buy rating. The broker added that SWIRE PACIFIC A (00019.HK)’s issuance of exchangeable bonds linked to CATHAY PAC AIR has weighed on the share price, masking the company’s underlying fundamental strength. It continued to name CATHAY PAC AIR as one of its top picks in the Asia-Pacific airline sector. ~ AASTOCKS Financial News Website: www.aastocks.com | |