报告指出，国泰宣派每股20港仙的中期股息，派息率为38%，高于瑞银预测的每股18港仙。该行继续认为国泰在强劲的自由现金流下，已开始股息上行周期。UBS Group believes that Cathay Pac Air (00293) has entered a dividend growth cycle with strong free cash flow.
Intelligence Finance APP learned that UBS released a research report stating that the bank gave Cathay Pac Air (00293) a target price of HKD 10.7, rated "buy", and expects a slight positive impact on performance.
The bank stated that the mid-term net profit of Cathay Pac Air was expected to increase by 15%, mainly due to lower-than-expected losses from joint ventures. Operating profit slightly exceeded expectations, with an operating profit margin of 11.9%, predicted to be 11.5%.
The report pointed out that Cathay declared a mid-term dividend of HKD 0.2 per share, with a payout ratio of 38%, higher than UBS's expected HKD 0.18 per share. The bank continues to believe that Cathay has entered a dividend growth cycle with strong free cash flow.
