Streetbeat News

CPCAY

Cathay Pacific Airways Ltd.

https://www.cathaypacific.com/

CEO

Kin Wing Tang

Industry

Other Support Activities for Air Transportation

Open

6.85

Mkt cap

8.7B

Volume

High

6.85

P/E Ratio

7.73

52-wk high

7.30

Low

6.65

Div yield

0.06

52-wk low

4.84

Airbus SE has received an order worth $4.66 billion from Hong Kong's Cathay Pacific Airways for an additional 32 Airbus A320neo Family aircraft. This doubles Cathay's total orders for the A320neo Family to 64, with 13 already delivered. The new aircraft are expected to be delivered by the end of 2029 and will serve routes connecting the Chinese mainland and various Asian destinations.

Portfolio Pulse from Nabaparna Bhattacharya

September 30, 2023 | 3:58 pm

China's property market turmoil continues to impact the stock market, with Country Garden Holdings and China Evergrande Group seeing declines. However, Sunac China Holdings managed to restructure its debt and saw a 1% increase. The Chinese government is planning to attract more investors by raising the foreign ownership cap on stocks and encouraging domestic travel to boost the economy. Despite the property market issues, investment managers are attracted to deep discounts in the consumer and tech sector in China, with stocks such as Alibaba, Baidu, and BYD Company Limited gaining attention.

Portfolio Pulse from Daniel Harrison

September 28, 2023 | 1:40 pm

Cathay Pacific Airways is reportedly close to placing a $2 billion order for Boeing 777-8F freighters as part of its fleet renewal plan. The airline was considering the Boeing 777X jet family against Airbus' forthcoming A350 cargo model.

Portfolio Pulse from Akanksha Bakshi

May 30, 2023 | 12:46 pm

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