Greenway December 13 | Cathay Pacific (0293.HK) rose 2.28% to HK$8.06. Morgan Stanley published a research report predicting that there is a 70% to 80% chance that Cathay Pacific's stock price will rise within the next 15 days, giving it an “increase in holdings” rating, with a target price of HK$10.5. The bank pointed out that Cathay Pacific's cargo business contributed greatly to overall revenue, with revenue accounting for about 28.5% in the first half of this year. It is believed that every 10% increase in freight rates will drive Cathay Pacific's net profit to increase by 22% next year. Currently, Cathay Pacific sees Cathay Pacific as the main beneficiary of strong growth in cross-border e-commerce in China.