SEHK:293Airlines
Cathay Pacific (SEHK:293) Stock Price Hints At Value As Profit Surges
Cathay Pacific Airways stock has been grinding higher in recent weeks, yet the real story sits in the earnings tape. The airline now trades on a trailing P/E of 6.9x while carrying a 12 month net margin of 10.3%. That is unusually lean pricing for a flag carrier delivering double digit profitability.
The headline from this half year is simple. Profitability held up and earnings over the last year rose, while the share price at HK$15.14 still reflects an airline investors are treating with...