Cathay Pacific Posts Strong H1 2026 Profit Outlook; High-Dividend Stocks Outpace Broader Market

According to EJFQ data, on July 23, Cathay Pacific (00293) disclosed H1 2026 net profit guidance of HKD 6-6.5 billion, representing over 20% growth year-on-year after excluding a HKD 1.4 billion gain from Air China holdings. The stock surged 2.6% to HKD 13.59, with a dividend yield exceeding 6% and a trailing P/E ratio of just 8.2x.

Simultaneously, Link REIT (00823) announced the sale of 50% stake in Sydney's 100 Market Street office tower for AUD 1.24 billion, with proceeds earmarked for unit buybacks and Asia-Pacific retail property investments. The company repurchased 4.15 million units over five trading days in July. Both stocks have outperformed the broader Hang Seng Index year-to-date, with Link's current dividend yield at 6.39%. Among Hong Kong-listed stocks with market caps exceeding HKD 30 billion, only 33 offer dividend yields above 6%, making high-yield dividend stocks a more stable alternative to volatile tech shares.