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Cathay Airlines declines 2.4% HSBC rating of HK $14

Source: Internet
Author: User
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Cathay Airlines (00293-HK) fell 2.4%, a 9.75 Hong Kong dollar, a deal of HK $19.6174 million, which won the big city in the early trading and the index fell 3.16%.　　The unit could be underpinned by a fall in crude oil prices. HSBC maintained its overweight rating, with a target price of HK $14.00, equivalent to 1.4 times times the nominal value of the forecast. The bank also raised its net profit forecast for the 09 fiscal year to HK $2.9 billion, mainly reflecting a fall in aviation fuel costs, a weakening dollar and an outstanding hedge that would benefit from market capitalisation.

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