QUOTE AND NEWS
The Economic Times  May 22  Comment 
In a letter to heads of central and state-owned power generation, transmission and distribution companies, CEA has asked them to abide by new procurement norm.
The Economic Times  May 18  Comment 
The India Meteorological Department (IMD) has predicted monsoon for 2016-17 at 106 per cent of the Long Period Average (LPA) with a model error of ± 5%.
Flightglobal  May 13  Comment 
China Eastern Airlines signed for 15 787-9s in April, becoming the last of the big four Chinese carriers to commit to the type.
Mondo Visione  May 10  Comment 
The U.S. Commodity Futures Trading Commission (CFTC) today issued a proposed amendment to a final order the CFTC issued on March 28, 2013 that exempted certain specified transactions of six Regional Transmission Organizations and Independent...
Flightglobal  May 9  Comment 
China Eastern Airlines has completed the early redemption of a total of CNY3.3 billion ($510 million) in bonds issued in 2014.
Benzinga  Apr 28  Comment 
Boeing Co (NYSE: BA) and China Eastern Airlines disclosed that both have finalized an order for fifteen 787-9 Dreamliners. According to the company, the order was valued at nearly $4 billion at current list prices, and strengthens China Eastern's...
Flightglobal  Apr 28  Comment 
China Eastern Airlines has signed for 20 Airbus A350-900s and 15 Boeing 787-9s as part of a long-haul fleet modernisation programme.
The Hindu Business Line  Apr 24  Comment 
Some balance required between rules and discretion: Arvind Subramanian
The Economic Times  Apr 23  Comment 
India can achieve economic growth rate of 8-10 per cent in the next three years, Chief Economic Advisor Arvind Subramanian said.




 
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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