Movement Alert｜CATHAY PAC AIR Intraday Rise 3.07% in Regular Trading, September traffic growth and broker target-price upgrades support sentiment

Market Focus10-30

On October 30, CATHAY PAC AIR recorded an Intraday Rise of 3.07% in Regular Trading, trading at HK$13.8, with turnover of HK$18.78 million.

The move was accompanied by recently released September operating data and supportive broker commentary. The company reported September passenger traffic rose 12% from a year earlier, while available seat kilometers increased 9%. For the first nine months, passenger volume was up 14% year over year. Cargo also remained firm, with September cargo carried rising 14% and the first-nine-month figure up 9%.

Recent analyst actions added support. UBS raised its target price to HK$20.1 and kept a Buy rating, saying the market underestimates the durability of the company’s return on equity and forecasting net profit of HK$13.3 billion, up 22%. Earlier, Morgan Stanley reiterated an Overweight rating after noting improving passenger demand and resilient cargo trends.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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