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<Research>UBS Reaffirms CX as Top Pick in APAC Airline Sector, Expects 2025 Profit Guidance to Beat
Recommend 21 Positive 19 Negative 9 |
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Despite the already high base, CATHAY PAC AIR (00293.HK)'s management expected its 2025 consolidated financial performance to exceed 2024, according to UBS' research report. Although the management has not specified the extent of earnings growth for FY2025, UBS considered the guidance to be better than expected. UBS believed that CATHAY PAC AIR's higher-than-expected FY2025 earnings will imply that DPS might beat estimation. According to the Company's dividend policy, about half of the profit (excluding non-cash special items) will be distributed as dividends. The broker also anticipated a positive reaction in CATHAY PAC AIR's share price as profit guidance for FY2025 exceeded consensus, and reaffirmed CATHAY PAC AIR as one of its top picks in the APAC airline sector, with a target price of $14 and rating at Buy. AASTOCKS Financial News Website: www.aastocks.com |
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