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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  Swire Pacific Limited    19   HK0019000162

SWIRE PACIFIC LIMITED

(19)
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End-of-day quote. End-of-day quote Hong Kong Stock Exchange - 03/31
49.95 HKD   +2.67%
03/12SWIRE PACIFIC LIMITED : Slide show results
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03/12SWIRE PACIFIC LIMITED : Annual results
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03/11MERLIN SWIRE : Swire Pacific Net Profit Fell 62% in 2019
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Cathay Pacific flags 'significant' drop in first-half profit, capacity cuts due to coronavirus

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02/17/2020 | 04:35am EDT
A passenger walks to the First Class counter of Cathay Pacific Airways at Hong Kong Airport in Hong Kong

Cathay Pacific Airways is expecting a significant drop in its first-half results and has also cut capacity due to the coronavirus outbreak, it said on Monday.

Severe travel restrictions as a result of a coronavirus outbreak in China, which has caused about 1,770 deaths across mainland China, have led to a steep rise in flight cancellations.

"The first half of 2020 was already expected to be extremely challenging financially," the company said in a statement.

"As a result of this additional significant drop in demand for flights and consequential capacity reduction caused by the novel coronavirus outbreak, the financial results for the first half of 2020 will be significantly down on the same period last year."

Flight cancellations have led the number of customers seeking refunds to skyrocket. The airline has told those affected, including some air show delegates, that reimbursement could take up to six weeks.

The carrier, which is the most exposed airline outside mainland China to a demand crunch related to the coronavirus, also said in a statement it had cut capacity by 40% for February and March, against an earlier planned 30% cut.

It also pointed to a likely reduction in April.

Cathay Pacific also posted a 1.3 percentage point decrease in the passenger load factor of Cathay Pacific and Cathay Dragon to 84.7% in January.

Meanwhile, Swire Pacific Ltd, Cathay's largest shareholder, said it expects a hit to its first-half results owing to the capacity reductions by Cathay.

(Reporting by Shreya Mariam Job in Bengaluru; Editing by David Evans and Jan Harvey)

Stocks mentioned in the article
ChangeLast1st jan.
CARDINAL HEALTH, INC. -2.94% 47.71 Delayed Quote.-4.23%
CARDLYTICS, INC. -6.72% 32.47 Delayed Quote.-44.38%
CATHAY PACIFIC AIRWAYS LIMITED 2.22% 8.3 End-of-day quote.2.22%
SWIRE PACIFIC LIMITED 2.67% 49.95 End-of-day quote.2.25%
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Latest news on SWIRE PACIFIC LIMITED
03/12SWIRE PACIFIC LIMITED : Slide show results
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03/12SWIRE PACIFIC LIMITED : Annual results
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03/11MERLIN SWIRE : Swire Pacific Net Profit Fell 62% in 2019
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02/17SWIRE PACIFIC : Announcement
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02/17Cathay Pacific flags 'significant' drop in first-half profit, capacity cuts d..
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02/17Cathay Pacific flags 'significant' drop in first-half profit, capacity cuts d..
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Financials (HKD)
Sales 2019 85 638 M
EBIT 2019 11 853 M
Net income 2019 17 764 M
Debt 2019 42 816 M
Yield 2019 6,56%
P/E ratio 2019 4,50x
P/E ratio 2020 13,8x
EV / Sales2019 1,29x
EV / Sales2020 1,38x
Capitalization 68 046 M
Chart SWIRE PACIFIC LIMITED
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Swire Pacific Limited Technical Analysis Chart | 19 | HK0019000162 | MarketScreener
Technical analysis trends SWIRE PACIFIC LIMITED
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 8
Average target price 77,06  HKD
Last Close Price 48,95  HKD
Spread / Highest target 104%
Spread / Average Target 57,4%
Spread / Lowest Target 41,0%
EPS Revisions
Managers
NameTitle
Merlin Bingham Swire Chairman
Mei Shuen Low Finance Director & Executive Director
Chien Lee Independent Non-Executive Director
Timothy George Freshwater Independent Non-Executive Director
Wai Mun Lee Independent Non-Executive Director