SEHK:19Industrials
Swire Pacific (SEHK:19) Valuation in Focus as Cathay Buyback Lifts Stake and Influence
Qatar Airways has fully exited its position in Cathay Pacific after selling its entire stake for approximately $897 million. As a result of this share buyback, Swire Pacific (SEHK:19) now sees its interest in the airline rise to nearly 48%.
See our latest analysis for Swire Pacific.
Swire Pacific's position in Cathay Pacific comes amid a year of shifting momentum. Even with some recent bumps, investors who stuck with the stock over the past year saw a 6.6% total return. Those with a five-year...