[ET Net News Agency, 20 July 2020] Jefferies Research lowered its target price for
Cathay Pacific Airways (CX)(00293) to HK$6.4 from HK$8.3 and maintained its "hold" rating,
given lack of near-term catalysts.
The research house said CX's profit warning of HK$9.9bn net loss in 1H would be its
largest 6-month loss. Stripping out the HK$2.4bn plane impairment loss, 1H pre-exceptional
loss would still be a record loss.
Jefferies increased its 2H net loss estimate to reflect a slower rebound in pax traffic
as Hong Kong experiences the third wave of COVID-19 cases. (KL)
|
|
|
|
|
|
|
|
|
|
Super Quote | Detail Quote | Interactive Chart | Transaction | Related News | Related Securities | Company Information | Dividend Records | Short Sell
00293 CATHAY PAC AIR
Nominal 
8.210 +0.150 (+1.861%) Research Report
20/07/2020 11:09
{I-bank focus}JEF cuts Cathay Pacific (00293) to HK$6.4
| Remark: | Real time quote last updated: 24/04/2024 17:59 |
| Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service |