Originally Posted by
kenfoggo
Cathay can do nothing about CoVid and it is powerless to do anything about Government restrictions. It is adrift without any ability to turn the bad news into good. They have no alternative other than to continue to burn cash until these factors beyond their control change. How long will that be? How long will the cash last with a predicted cash burn of $1 billion HKD per month? As yet the stock price has not plummeted ,so perhaps the markets have more optimistic data but from an outsider point of view the situation looks grim.