0955 GMT - Cathay Pacific's planned share buyback from Qatar Airways reflects management's confident outlook and supports its strategy to boost shareholder returns, Morningstar director Lorraine Tan says in a note. She notes that Cathay is well-positioned to fund the transaction. Tan adds that Cathay would have room to raise its dividend payout if not for the buyback, which management views as having a longer-term positive impact. The buyback price values Cathay at a premium to Morningstar's intrinsic valuation. Morningstar lowers its fair value estimate to HK$9.60 from HK$9.70, noting that it sees Cathay as slightly overvalued. Shares of Cathay Pacific last closed at HK$11.77. (jason.chau@wsj.com)
(END) Dow Jones Newswires
November 07, 2025 04:55 ET (09:55 GMT)
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