QUOTE AND NEWS
The Economic Times  Sep 16  Comment 
“Announce MSP of Rs 40/kg for gram for rabi 2016 and MSP of Rs 60/kg for both urad and tur for kharif 2017 (adjusted for inflation between 2016-17)," the report said.
Mondo Visione  Sep 1  Comment 
The U.S. Commodity Futures Trading Commission (CFTC) is requesting public comment on proposed amendments to the Whistleblower Rules found in Part 165 of the CFTC’s Regulations. The amendments would enhance the process for reviewing whistleblower...
Flightglobal  Aug 31  Comment 
China Eastern Airlines first-half operating profit rose 25% to CNY7.16 billion ($1.07 billion), however its net profit fell 12% due to the weakening of the Chinese yuan against the US dollar.
The Economic Times  Aug 26  Comment 
To examine the feasibility of having a new financial year, the government has already set up a committee headed by former CEA Shankar Acharya.
Clusterstock  Aug 24  Comment 
LONDON (Reuters) - British engineering company Rolls-Royce said it won a $1.5 billion order for its Trent 700 engines from China Eastern Airlines to power 15 of the Chinese carrier's Airbus A330 aircraft. Rolls-Royce said its Trent 700 engine...
Mondo Visione  Aug 23  Comment 
The U.S. Commodity Futures Trading Commission (CFTC) announced today that it has issued an Order of Registration to Seed SEF LLC (Seed), of Chicago, Illinois, granting it fully registered status with the CFTC as a Swap Execution Facility...
The Hindu Business Line  Aug 23  Comment 
The Centre is on a missionary mode to address the twin challenges of financial revival of distribution companies and reduction of transmission and commercial loss, said SD Dubey, Chairman of the Cent...
Flightglobal  Aug 22  Comment 
British Airways has agreed a codeshare with China Eastern Airlines
The Economic Times  Aug 21  Comment 
"Earlier, the plan used to demand that projections be made state-wise. But this time, we are undertaking demand at discom level," Dubey said.
The Economic Times  Aug 9  Comment 
According to the statement, 18 out of 36 states/UTs are expected to be power surplus in FY2016-17, as per CEA's Load Generation Balance Report 2016-17.




 
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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