Cathay is now up 3.05% to maintain increased holdings of HK $13

Source: Internet
Author: User
Keywords Stock price Hong Kong dollar Cathay
Tags activity airline airline industry airlines beginning business business travel company
Cathay Airlines (00293-HK) is up 3.05%, reporting 10.82 Hong Kong dollars, a deal of HK $19.5068 million, which is now largely synchronized with the city, with a 3.04% rise in the index. JPMorgan maintained its overweight rating, with a target price of HK $13, equivalent to 1.3 times times its share price/corporate value. It was previously reported that the company's passenger capacity in June was down 18.1% from a year earlier.  But the bank expects the airline industry to recover as business activity has started to rise, and there are signs that some companies are beginning to loosen their business travel policies. The airline stock is an early-cycle unit that JPMorgan sees as the time to buy Cathay, as its share price has historically been credited with a rebound in earnings for the next 12 months and is picking up at the bottom of the maximum patronage drop.
Related Article

Contact Us

The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion; products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the content of the page makes you feel confusing, please write us an email, we will handle the problem within 5 days after receiving your email.

If you find any instances of plagiarism from the community, please send an email to: info-contact@alibabacloud.com and provide relevant evidence. A staff member will contact you within 5 working days.

A Free Trial That Lets You Build Big!

Start building with 50+ products and up to 12 months usage for Elastic Compute Service

  • Sales Support

    1 on 1 presale consultation

  • After-Sales Support

    24/7 Technical Support 6 Free Tickets per Quarter Faster Response

  • Alibaba Cloud offers highly flexible support services tailored to meet your exact needs.