Cathay Pacific Airways Ltd
00293: XHKG (HKG)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|.pX | LOCK|%<R | LOCK|m$!rpK |
Cathay Pacific: Buyback of Qatar Airways Stake Reflects Confident Outlook, but Not Exactly Cheap
Cathay Pacific plans to buy back 643 million shares currently owned by Qatar Airways. The block, which represents 9.57% of Cathay's current share base, will cost Cathay approximately HKD 6.9 billion. Cathay's shares jumped 5% on this news.
