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Cathay's shares are least favoured among world's airline stock: Bloomberg
HONG KONG-based Cathay Pacific Airways Ltd remains the world's least favoured airline stock.
The airline's biggest half-yearly loss in at least two decades saw some analysts boost their ratings on the shares in the week of August 14 on expectations that the financially-strapped carrier's situation can only get better, reported Bloomberg.
In spite of improved recommendations from the likes of Goldman Sachs Group Inc and Daiwa Securities Group Inc, the shares still have the lowest ranking from analysts on the Bloomberg World Airlines Index, a score that's calculated based on the number of buy, neutral and sell ratings for a stock.
With the consensus target price projecting a 5.1 per cent stock decrease over the next 12 months, the relief rally may prove short-lived.
The airline's biggest half-yearly loss in at least two decades saw some analysts boost their ratings on the shares in the week of August 14 on expectations that the financially-strapped carrier's situation can only get better, reported Bloomberg.
In spite of improved recommendations from the likes of Goldman Sachs Group Inc and Daiwa Securities Group Inc, the shares still have the lowest ranking from analysts on the Bloomberg World Airlines Index, a score that's calculated based on the number of buy, neutral and sell ratings for a stock.
With the consensus target price projecting a 5.1 per cent stock decrease over the next 12 months, the relief rally may prove short-lived.
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