QUOTE AND NEWS
Wall Street Journal  May 26  Comment 
Financial disclosures filed by Kevin Hassett show the nominee to be chairman of the White House Council of Economic Advisers worked as a consultant for Citigroup Inc., whose ties with the previous administration rankled some Democrats.
Flightglobal  May 24  Comment 
China Eastern Airlines has applied for traffic rights on the Chengdu-Irkutsk route.
Flightglobal  May 24  Comment 
A China Eastern Airlines Airbus A321 aircraft skidded off the runway at Hong Kong International airport on 24 May, after landing in heavy rain.
Mondo Visione  May 22  Comment 
The U.S. Commodity Futures Trading Commission (CFTC) unanimously approved amendments to the CFTC’s Whistleblower Rules that will, among other things, strengthen the CFTC’s anti-retaliation protections for whistleblowers and enhance the process...
The Economic Times  May 16  Comment 
The state of macroeconomic commentary in India is disconcerting because independent experts refuse to speak the truth, Arvind Subramanian said.
The Times of India  May 12  Comment 
In a remarkably frank speech, chief economic adviser (CEA) Arvind Subramanian took a dig at the assessment made by economic commentators, rating agencies and bankers and stressed on the need for creating centres that undertake independent research...
The Hindu Business Line  May 11  Comment 
Urges academics, analysts to debate macroeconomic policy in social media
The Economic Times  Apr 28  Comment 
India needs to have supportive exchange rate policies, CEA Arvind Subramanian said, adding that the rupee should not become too strong.
The Economic Times  Apr 25  Comment 
The government is grappling with the challenge of how to waive the debt of the private sector, which is a political issue now, the CEA said.
The Hindu Business Line  Apr 25  Comment 
Any “serious actions” taken by the Trump Administration on the H—1B visa programme would be a cause of “worry” as a majority of Indian exports in the services sector go to the US, Chief Economic Advi...




 
TOP CONTRIBUTORS

China Eastern Airlines Corporation Limited (China Eastern), one of the three largest airliners in China by fleet size and the primary air carrier serving Shanghai, was founded in 1995 and is headquartered in Shanghai, China. China Eastern, together with its subsidiaries, engages in the airline operations in China, and internationally. It provides domestic and international passenger, cargo, and mail airline services. The company is also involved in the logistics and property management operations and provision of air catering, pilot training, aircraft repair and maintenance, flight simulation, and airport ground services. China Eastern accounted for approximately 23.0% of the total commercial air traffic (as measured in tonne-kilometers) handled by Chinese airlines in 2006. China Eastern operates primarily from Shanghai's Hongqiao Airport and Pudong International Airport. As of December 31, 2006, China Eastern operated a fleet of 205 aircraft. China Eastern is a subsidiary of state-owned China Eastern Airlines Holding Company, which owns 59.67% of China Eastern.

China Eastern recorded a sharp profit increase in the third quarter mainly due to strong passenger demand and the Chinese currency appreciating versus the US dollar. Although volatile fuel prices and fewer operating efficiencies still hurt China Eastern's operating performance, China Eastern is well positioned to leverage the growth potential of aviation industry in China. Other factors including an appreciating Chinese currency, high discount of ADS price to A share price, and expected operating efficiencies brought by its strategic partners should also support its stock price. We think its current price fairly reflects most factors. Therefore, we are maintaining Hold recommendation for its stock.




References

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