Morgan Stanley published a report raising the CATHAY PAC AIR (0293.HK) Target Price from HKD 8.1 to HKD 9.1, maintaining a neutral rating. Morgan Stanley adjusted CATHAY PAC AIR's profit forecasts for 2024 to 2026 upward by 13.5%, 7.4%, and 14% respectively, reflecting: 1) assumptions of lower aviation RBOB Gasoline prices; 2) strong passenger traffic performance in November, and 3) robust cargo Business. Additionally, Morgan Stanley also considered CATHAY's repurchase of convertible Bonds and adjusted the number of fully diluted shares.
大摩：上调盈利预测，升国泰航空目标价至9.1港元
Morgan Stanley: Raises profit forecast and increases CATHAY PAC AIR Target Price to HKD 9.1.
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