Here is how Cathay Pacific Airways Ltd. (CPCAY) and Golden Ocean Group (GOGL) have performed compared to their sector so far this year.
Cathay Pacific Airways (CPCAY) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.
HONG KONG (Reuters) -Cathay Pacific reported its first annual profit in four years as the airline left behind the pandemic-linked restrictions that drove heavy losses and layoffs, pushing its shares to a four-year high. Hong Kong's flagship airline said on Wednesday it earned a net profit of HK$9.79 billion ($1.25 billion) in 2023, above the average HK$8.67 billion estimated in an LSEG survey of nine analysts and the highest since the HK$14 billion made in 2010. Cathay said it would pay its first dividend since 2019, which brokerage Jefferies said was the "key surprise" in the results.