[ET Net News Agency, 4 December 2018] Deutsche Bank lowered its target price for Cathay
Pacific (00293) to HK$13.5 from HK$16.52 and maintained its "buy" rating.
The research house adjusted its forecasts with the latest fuel price estimates and
traffic/yield trends across the region. In a briefing at the end of November 2018,
Cathay's management said that the passenger business is improving thanks to revenue
management, yield improvement and sustained load factors. The cargo business recovery
continues its positive momentum.
DB raised its 2018 operating profit forecast because of an increase in passenger yield
assumption while reduced its net profit estimate because of lower associate contribution.
Associate Air China (00753) has had significant FX exchange losses in 2018 as compared
to gains in 2017. Air China Cargo also registered lower contributions on the back of FX
exchange losses. (KL)
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00293 CATHAY PAC AIR
Nominal 
8.210 +0.150 (+1.861%) Others
04/12/2018 14:42
[I-bank focus]DB lowers Cathay Pacific (00293) to HK$13.5
| Remark: | Real time quote last updated: 24/04/2024 17:59 |
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