Auto & Transport Roundup: Market Discuss

The most recent Market Talks masking the Auto and Transport sector. Printed solely on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.

0522 GMT – Cathay Pacific Airways‘ 4Q outcomes may very well be sequentially improved amid the height season for journey and cargo and softening jet-fuel costs, HSBC International Analysis analysts mentioned in a observe. HSBC raised its 2023 revenue earlier than most popular dividends forecast to 9% on larger cargo yields and decrease gasoline costs. Common air freight charges from Hong Kong to the US and Europe in 4Q to this point have recovered 14%-18% within the quarter, it mentioned. Whereas passenger capability is forward of the airline’s goal, extra direct flights between China and the US might threaten Cathay Pacific’s long-term visitors, because it advantages mainland vacationers who use Hong Kong as a US gateway HSBC repeated its buy. score and HK$9.60 goal on the inventory, which just lately traded at HK$8.05. (monica.gupta@wsj.com)