The Zhitong Finance App learned that Damo released a research report saying that demand for Cathay Pacific (00293) was stable during the peak season in August, gave it an “increase in holdings” rating, with a target price of HK$12. The company's supply and demand situation continued to improve; freight demand remained stable month-on-month, and active e-commerce activities continued to support logistics performance. Cathay Pacific management was also quoted as saying that student demand in September and optimistic about the rest of the year, capacity continued to increase; demand for freight has accelerated since the fourth quarter due to promotional activities.