Cathay Pacific 1H Profit Set to Beat Expectations

Dow Jones
07/23

1002 GMT - Cathay Pacific's 1H profit is set to beat HSBC's estimates, as company management expects profit of HK$6-HK$6.5 billion. Excluding a one-off gain, the mid-point implies a recurring profit of about HK$4.85 billion, up 33% on year and beating HSBC's estimates by 32%. Short‑term Middle East traffic diversion, higher fares, and air freight tailwinds helped offset fuel costs, they add. Robust premium demand in Hong Kong amid ongoing structural capacity constraints is a strong earnings catalyst, while the visible yield growth and effective fuel pass-through indicates upside potential for the stock, they write. HSBC retains a buy rating, lifting its target price to HK$16.50 from HK$15.30. Shares closed at HK$14.11. (kimberley.kao@wsj.com)

 

(END) Dow Jones Newswires

July 23, 2026 06:02 ET (10:02 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

應版權方要求,你需要登入查看該內容

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10