Cathay Airlines rose 1.33% for a half-day to see HK $6

Cathay Airlines (00293-HK) rose 1.33% a half-day, reported 10.64 Hong Kong dollars, a deal of HK $10.3919 million, the shares of the early losses of the market, the index rose 2.36%, reported 17661.01 points. Citigroup maintained the sales rating of the unit at a target price of HK $6.　　The bank said the company's management said there was no sign of a recovery in first class cabin demand, suggesting that the business would continue to weigh heavily on the company's net profit, although the situation did not deteriorate further, but it was not stable enough because the fierce competition in the economy's business class continued to dampen improvements in passenger yields. The bank also noted that Cathay's revenue in June was the largest drop in passenger kilometres over a year earlier, although the June was the peak season for air demand; business travel was tepid and continued to be dragged down by the swine flu. Added that the stock had been running for 2004-06 years, and Citi believed that history would recur.