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28793 SGCPAIR@EC2512A (CALL)
RT Nominal unchange0.290 0.000 (0.000%)

04/12/2024 15:32

{I-bank focus}HSBC downgraded Cathay Pacific to "reduce"

[ET Net News Agency, 4 December 2024] HSBC Global Research raised the target price for
Cathay Pacific (00293) to HKD8.3 from HKD8.1 and downgraded the rating to "reduce" from
"hold".
The research house said it expects EBIT to decline sequentially in 2H24 and over the
next two years as a further traffic ramp-up comes at the expense of profitability as staff
costs catch up while pax yields further normalise. (rc)

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