According to a research report published by UBS, Cathay Pacific recorded a net profit of HK$5.1 billion in the second half of last year after deducting dividends from preferred shares, which is higher than UBS's forecast of HK$4.3 billion, partly due to slightly better revenue expectations and lower tax expenses. Cathay Pacific also announced the resumption of a final dividend of HK43 cents per share, with a dividend ratio of about 4.9%, which surprised the market. Supported by strong free cash flow generation capacity, the bank expects Cathay Pacific to bring rich cash returns to shareholders in the near future, and expects a positive reaction in stock prices due to increased dividends and profits.

Due to better-than-expected revenue, operating profit for the second half of 2023 was 3% higher than UBS's forecast, mainly due to the lesser decline in passenger and freight yields during the period than expected. According to UBS, the diversified portfolio performance of aviation stocks has been underperforming the market average for a long time, maintaining a “buy” rating for Cathay Pacific, with a target price of HK$11.5. It is concerned that management will reveal more plans and prospects for operating prospects at analysts' meetings.