Cathay Pacific Shares Look Attractive -- Market Talk

Dow Jones08-08

0657 GMT - Cathay Pacific shares look attractive, says Cheng Wang, equity analyst at Morningstar. Growing passenger and cargo traffic supported the carrier's 1H earnings, and its operating margin was better than expected, the analyst writes in a note. Morningstar raises its net income forecasts for the company by 23% for 2024 and by 17% for 2025 after lifting cargo yield estimates due to tailwinds for air freight helped by strong demand for e-commerce and Red Sea conflicts affecting shipping. It keeps profit estimates after 2025 largely unchanged due to intensifying competition. Morningstar raises its fair-value estimate on the stock to HK$9.30 from HK$9.00. Shares are 0.3% higher at HK$7.85. (kimberley.kao@wsj.com)

(END) Dow Jones Newswires

August 08, 2024 02:58 ET (06:58 GMT)

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It keeps profit estimates after 2025 largely unchanged due to intensifying competition. Morningstar raises its fair-value estimate on the stock to HK$9.30 from HK$9.00. Shares are 0.3% higher at HK$7.85. 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Growing passenger and cargo traffic supported the carrier's 1H earnings, and its operating margin was ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00293","symbol_name":"国泰航空","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2457359474","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2457359474","pubTimestamp":1723100280,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0657 GMT - Cathay Pacific shares look attractive, says Cheng Wang, equity analyst at Morningstar. 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