Citi: Assigns a "Buy" rating to CATHAY PAC AIR (00293) with a Target Price of HKD 10.2.

Citi believes that the revenue yield of CATHAY PAC AIR's cargo Sector has upward risks.

Zhitong Finance17:04 · Ratings

The number of passengers affected by food poisoning on CATHAY PAC AIR has increased to 36, and the health authority continues to conduct a comprehensive investigation.

On January 10, the Global Link reported that two flights from Nepal to Hong Kong operated by CATHAY PAC AIR, on Wednesday and Thursday, had passengers who suspected food poisoning, involving a total of 36 people. The Department of Health's Centre for Health Protection does not rule out the possibility that the number of affected individuals may increase and is currently conducting a comprehensive investigation from various aspects. The Centre has also collected food samples from the same batch that were not supplied to passengers on both flights for testing. The Centre stated that a case cluster received on Thursday involved 20 people, consisting of 14 males and 6 females from 8 unrelated families/groups, aged between 11 and 51 years. They experienced symptoms such as vomiting, diarrhea, nausea, and abdominal pain 10 to 30 minutes after eating on the plane.

Gelonghui Finance16:31

Cathay Pacific (00293.HK) suspects food poisoning involving two flights from Nepal, affecting a total of 36 people.

The Department of Health's Centre for Health Protection announced that it is continuing to investigate a case cluster of food poisoning from a Cathay Pacific (00293.HK) flight arriving from Nepal yesterday (the 9th). The affected individuals in this case cluster have similar symptoms to a previous food poisoning case cluster announced on January 8 and had consumed similar food before falling ill, suggesting an epidemiological link. The two cases involve a total of 36 people. The case cluster reported yesterday involves 20 individuals (14 men and 6 women) from 8 families/groups who do not know each other, aged between 11 and 51 years. They experienced vomiting and diarrhea 10 to 30 minutes after dining on the aircraft.

AASTOCKS15:33

In the report, Citibank downgraded Cathay Pacific (00293.HK) rating to "Hold" and raised the Target Price to 10.1 yuan.

Citi published a Research Report indicating that due to increased freight revenue and declining RBOB Gasoline costs, Cathay Pacific (00293.HK) is expected to have profits in the second half exceeding those in the first half, while the company will also receive a one-time benefit of approximately 0.5 billion yuan. The bank has raised Cathay Pacific's profit forecasts for the 2024 to 2025 fiscal years by 22% and 9% respectively, but also anticipates that profits will peak in the 2025 fiscal year before dropping by 4% in the 2026 fiscal year. Additionally, the bank has adjusted Cathay Pacific's Target Price from 9.2 yuan to 10.1 yuan, but due to a decrease in shareholder ROI, the rating has been downgraded from 'Outperform' to 'Hold'. (js/k)~

AASTOCKS10:43

Morgan Stanley: Maintains CATHAY PAC AIR (00293) "Shareholding" rating Target Price raised to 12.3 HKD.

CATHAY PAC AIR's performance is strong, with financial results expected to improve in the second half of 2024, with a net profit of 3.6 billion Hong Kong dollars compared to the first half.

Zhitong Finance10:21 · Ratings

Express News | Jiangxi Guotai Group: The performance in the second half of 2024 is expected to be ideal.

BreakingsJan 9 22:29