The Times of India  Oct 4  Comment 
Chief economic adviser Arvind Subramanian said progress has been made on legacy tax issues and hoped to resolve them in the next few months.
The Economic Times  Oct 1  Comment 
Ease of doing business, taxation, public investment and GST law are on all part of the agenda of reforms before the government.
Mondo Visione  Sep 30  Comment 
The U.S. Commodity Futures Trading Commission’s (Commission) Division of Clearing and Risk (Division) today extended the no-action relief granted in CFTC Letter 14-156 to Eurex Clearing AG (Eurex Clearing) and its clearing members that are U.S....
Mondo Visione  Sep 29  Comment 
The U.S. Commodity Futures Trading Commission (CFTC) today announced that it will make an award of approximately $290,000 to a whistleblower for providing valuable information about violations of the Commodity Exchange Act (CEA). Under the...
The Economic Times  Sep 29  Comment 
In its fourth bi-monthly monetary policy for the current fiscal, RBI cut benchmark repurchase (repo) rate from 7.25 per cent to 6.75 per cent, lowest in four-and-half-years.
Benzinga  Sep 24  Comment 
Below are the top major airlines stocks on the NYSE in terms of operating margin. The trailing-twelve-month operating margin at United Continental Holdings Inc (NYSE: UAL) is 11.30 percent. United Continental's PEG ratio is 0.34. The...
The Hindu Business Line  Sep 23  Comment 
‘Despite poor rainfall, export slump, growth pegged at over 8%’
Mondo Visione  Sep 18  Comment 
The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against Coinflip, Inc. d/b/a Derivabit (Coinflip) and its chief executive officer Francisco Riordan for conducting activity...
Benzinga  Sep 15  Comment 
GW Pharmaceuticals PLC- ADR (NASDAQ: GWPH) shares climbed 6.55 percent to $113.90. The volume of GW Pharmaceuticals shares traded was 976 percent higher than normal. GW Pharmaceuticals reported positive proof of concept data in schizophrenia. ...
The Economic Times  Sep 11  Comment 
Expressing concern over least mobility of labour across the world, Chief Economic Advisor Arvind Subramanian said there is need to pursue the issue further.


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.


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