HSBC: Cathay Pacific (00293.HK) target price is HK$10.8, rated "in line with market"

According to the Smart Financial News APP, Morgan Stanley released a research report on Cathay Pacific Airways (00293.HK) with a target price of 10.8 Hong Kong dollars and a "in line with the market" rating. The report cited Cathay Pacific Airways management emphasizing that both passenger and cargo businesses face uncertainty in the future. The management has pledged to continue to restore capacity, optimize networks, and improve cost efficiency, thereby maximizing profitability.