An uptick in consensus revenue growth forecasts for Cathay Pacific Airways has supported a slight increase in the Analyst Price Target, which has risen from HK$10.38 to HK$10.59.
What's in the News
- Cathay Pacific reported strong traffic growth for July, with passenger numbers up 24% and cargo volumes up 11% year on year; HK Express saw passenger growth of 22% in July and 31.6% year to date.
- The company exercised rights to purchase 14 Boeing 777-9 aircraft with an option for 7 more, aiming to support fleet renewal and growth, with deliveries by 2034 and funding through a mix of loans, leases, and operating cash flow.
- Year-to-date, Cathay Pacific's passenger numbers rose 27% and cargo volumes 11.2% versus the prior year; HK Express passengers increased 31.6%.
- Cathay Pacific's board scheduled a meeting to review interim results for the half-year and consider the payment of a first interim dividend.
Valuation Changes
Summary of Valuation Changes for Cathay Pacific Airways
- The Consensus Analyst Price Target has risen slightly from HK$10.38 to HK$10.59.
- The Consensus Revenue Growth forecasts for Cathay Pacific Airways has risen slightly from 4.3% per annum to 4.5% per annum.
- The Future P/E for Cathay Pacific Airways remained effectively unchanged, moving only marginally from 8.50x to 8.67x.
Disclaimer
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