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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  Cathay Pacific Airways Limited    293   HK0293001514

CATHAY PACIFIC AIRWAYS LIMITED

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Consumer Cos Down On Stimulus Fears -- Consumer Roundup

10/21/2020 | 05:10pm EST

Shares of retailers and other consumer companies fell amid fears that the U.S. would not pass a second round of stimulus relief before the presidential election.

Senate Majority Leader Mitch McConnell has indicated he would oppose a purported $2 trillion stimulus package under consideration by House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin.

"McConnell has not offered any positive signals that Republicans are willing to abandon their fiscally conservative beliefs and support another couple trillion dollars in stimulus," said Edward Moya, senior market analyst at foreign-exchange brokerage OANDA Group, in a note to clients, citing Mr. McConnell's disparaging comments about Democrats' desire for a "wheelbarrow of cash" to be sent to states.

Meanwhile, the number of new coronavirus infections in the U.S. reportedly grew at its fastest rate in nearly three months over the past week, with more than 60,000 new cases reported Tuesday and emerging signs that winter weather, as currently experienced in Alaska among other places, will exacerbate the spread.

Nestle shares ticked down even after the Swiss food processor posted earnings ahead of Wall Street targets. Hong Kong's flagship carrier, Cathay Pacific Airways, will cut its workforce by a quarter, laying off roughly 5,900 workers, and close a subsidiary airline as it seeks to stem losses from the impact of the coronavirus on travel.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

10-21-20 1709ET

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Financials
Sales 2020 45 785 M 5 906 M 5 906 M
Net income 2020 -19 021 M -2 454 M -2 454 M
Net Debt 2020 53 282 M 6 873 M 6 873 M
P/E ratio 2020 -1,95x
Yield 2020 0,11%
Capitalization 47 828 M 6 170 M 6 170 M
EV / Sales 2020 2,21x
EV / Sales 2021 1,49x
Nbr of Employees 33 000
Free-Float 17,1%
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Technical analysis trends CATHAY PACIFIC AIRWAYS LIMITED
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Income Statement Evolution
Consensus
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Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 7,50 HKD
Last Close Price 7,43 HKD
Spread / Highest target 19,8%
Spread / Average Target 0,94%
Spread / Lowest Target -24,6%
EPS Revisions
Managers
NameTitle
Kin Wing Tang Chief Executive Officer & Executive Director
Patrick Healy Chairman
Gregory Thomas Forrest Hughes COO, Director & Chief Service Delivery Officer
Martin James Murray Chief Financial Officer & Executive Director
Jian Jiang Cai Deputy Chairman
Sector and Competitors
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