Cathay Pacific (293.HK) 2018 result review: Turned from Loss to Profit March 26, 2019 347

PSR Recommendation: ACCUMULATE Status: Maintained
Target Price: HKDHKD15.70

Investment Summary
The Year-round Result Turned from Loss to Profit and Earned HK$2.3 Billion Which Is
Better Than Expected: Cathay Pacific recently reported its result. In 2018, it recorded a
profit of HK$2.345 billion, compared with a loss of HK$1.259 billion in previous years,
equivalent to a profit of about HK$0.596 per share, which was better than expected. The
proposed second interim dividend is HK$0.2 per share and the total annual dividend is
HK$0.3, a five-fold increase with a 50% dividend rate.

About the author

Profile photo of Zhang Jing

Zhang Jing
Phillip Securities (HK)

Bachelor Degree in Tongji University of Engineering; Master Degree in East China Normal University of finance. Currently covering the automobile and air sectors. She has years of experience in investment research and is good at combining analysis for the companies with industry prospects.

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