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]UOBKH lifts Cathay Pacific (00293) to HK$12.4
UOB Kay Hian lifted its target price for Cathay 
Pacific Airways (CX)(00293) to HK$12.4 from HK$11.2, and maintained its "hold" rating.
  The research house said CX underperformed the market in 2017. For 2018, it believes
there is a possibility that CX could at best market perform if yields rise under the 
following conditions: (a) improving business traffic, (b) weak US dollar which leads to
higher inbound yields; and (c) strong volume and yields to North Asia.
  UOBKH has taken these factors into account and raised its 2018 net profit estimate by
HK$770m to factor in higher pax yields.

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