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Cathay Pacific Airways ( (HK:0293) ) has issued an update.
Cathay Pacific Airways Limited has announced the renewal of its Services Agreement with JS&SHK, a connected entity, for a three-year term starting January 2026. This agreement, which involves the provision of various services including regulatory advice and staff support from the Swire Group, will continue to impact the company’s operational costs and strategic positioning. The renewal ensures continuity in service provision and financial arrangements, with service fees calculated based on a percentage of the company’s adjusted consolidated profit. This move is expected to support Cathay Pacific’s ongoing business operations and provide flexibility for future growth.
The most recent analyst rating on (HK:0293) stock is a Hold with a HK$11.00 price target. To see the full list of analyst forecasts on Cathay Pacific Airways stock, see the HK:0293 Stock Forecast page.
More about Cathay Pacific Airways
Cathay Pacific Airways Limited is a prominent airline company based in Hong Kong, primarily engaged in providing passenger and cargo air transportation services. The company operates a comprehensive network of flights across Asia, Europe, North America, and other regions, focusing on delivering high-quality service and maintaining strong market presence in the aviation industry.
Average Trading Volume: 8,450,515
Technical Sentiment Signal: Buy
Current Market Cap: HK$77.34B
For a thorough assessment of 0293 stock, go to TipRanks’ Stock Analysis page.