- Passenger traffic growth: Cathay Pacific experienced a 19.6% increase in passenger traffic in October.
- Total passengers: The airline transported 2.01 million passengers during the month.
- Passenger load factor: The passenger load factor reached 83.1%, indicating a high occupancy rate on flights.
- Cargo and mail performance: There was a 14.3% increase in the transport of cargo and mail.
- Total cargo and mail: Cathay Pacific carried 142,323 tons of cargo and mail.
- Cargo load factor: The cargo and mail load factor was 61.5%, showing room for improvement compared to passenger load.
- Stock analyst recommendations: Analysts have given 11 buy recommendations, 3 hold recommendations, and no sell recommendations for Cathay Pacific stock.
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Cathay Pacific Airways on Smartkarma
Analyst coverage on Cathay Pacific Airways on Smartkarma highlights positive sentiments and growth potential for the airline company. Mohshin Aziz, in the report “Cathay Pacific (293 HK, BUY, TP:9.90HKD): Decent Results, Stay the Course,” maintains a bullish stance citing a respectable performance for 1HFY24, with net profit in line with expectations. The BUY rating with a target price of HK$9.90 indicates a significant upside potential of 26%. The report underlines Cathay’s attractive valuations compared to its competitors.
In another report by Osbert Tang, CFA titled “Cathay Pacific (293 HK): Multiple Positive Developments,” the analyst points out that Cathay Pacific stands to benefit from increased transfer traffic as more countries gain visa-free access to China. The recovery of the airline is progressing well, with rising passenger traffic and capacity nearing pre-pandemic levels. The report emphasizes the growth prospects for Cathay Pacific in leveraging transfer traffic through Hong Kong and highlights the company’s valuation metrics as favorable for potential investors.
A look at Cathay Pacific Airways Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
According to the Smartkarma Smart Scores, Cathay Pacific Airways is positioned with a positive long-term outlook. The company scores high on factors such as Dividend and Growth, indicating a strong potential for returns and expansion. With a focus on shareholder rewards through dividends and a robust growth strategy in place, Cathay Pacific Airways is set to attract investors looking for steady income and promising growth opportunities.
Cathay Pacific Airways also shows momentum in its operations, which is reflected in its Smart Score. This suggests that the company is moving in a favorable direction within the market. However, factors like Value and Resilience have slightly lower scores, indicating areas where improvements could enhance the company’s overall performance. Nevertheless, with a strong emphasis on growth and dividends, Cathay Pacific Airways remains an attractive prospect for investors seeking long-term prospects in the aviation industry.
Summary: Cathay Pacific Airways Limited operates scheduled airline services and provides related services such as airline catering, aircraft handling, and engineering.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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