With the selection of the value list of Jinqilin listed companies in Hong Kong stock market opened, thousands of companies will compete fiercely for the eight Project Awards. Who is the most leading entrepreneur, such as Zhang Yong, Yu Liang, Wang Xing, Lei Jun, Xu Jiayin and Ding Lei.
according to the research report published by HSBC research, Cathay Pacific lost 9 billion yuan in the first half of the year, which is the worst performance in the company’s history. If the company’s asset loss of 2.5 billion yuan is not taken into account, the company’s recurrent loss is 7.6 billion yuan. Revenue fell by 48%, but the company’s operating costs only decreased by 33%; freight yield increased by more than 40% to offset the risk of a decline in airline traffic.
according to the study of HSBC, the company will complete the allotment of shares and issue preferred shares, which will help the company reduce the debt level to less than 0.9 times. At the same time, the company has 7.8 billion yuan of transitional loan not put into use (which can be withdrawn before June next year).
according to HSBC, the company currently has a monthly loss of 1.5 billion yuan, a decrease compared with 2.5-3 billion yuan at the beginning of this year. The main reason for the loss is that 16 aircraft have not been put into service. The company also plans to decommission seven aircraft and delay the delivery of seven aircraft this year.
HSBC pointed out that the company’s recurrent loss this year was 14 billion yuan, which was mainly affected by the decrease in passenger volume, which partially offset the cost reduction and the increase in yield. It is estimated that the company will have a loss of 6.4 billion yuan in the second half of the year, and the company will continue to make a loss next year. As the recovery speed of the international line is slow, HSBC has lowered its target price from HK $8.7 to HK $6.its rating is “hold” ’。