QUOTE AND NEWS
guardian.co.uk  Mar 24  Comment 
ACCC intends to oppose plan to co-ordinate services between Australia and China by two airlines that it says dominate Sydney-Shanghai route A partnership between Qantas and China Eastern is stuck on the runway due to concerns it will lift prices...
Japan Today  Mar 24  Comment 
Australia's competition watchdog said Tuesday it was leaning toward blocking a tie up between Qantas Airways and China Eastern Airlines because it could increase fares on the popular Sydney-Shanghai route. The Australian Competition and...
Wall Street Journal  Mar 24  Comment 
Australia’s antitrust regulator threatened to block a proposed alliance between Qantas Airways and China Eastern Airlines that was meant to reduce transit times and open up their networks to each other’s customers.
WA Business News  Mar 24  Comment 
Plans by Qantas and China Eastern to expand their alliance have come under a cloud after the competition watchdog expressed concern about it possibly leading to higher airfares.
WA Business News  Mar 24  Comment 
The Australian  Mar 23  Comment 
Qantas’s planned venture with China Eastern looks set to be rejected by the competition watchdog, in a setback to its China expansion plans.
Mondo Visione  Mar 23  Comment 
SIFMA today released a white paperdeveloped by Morgan Lewis, titled "Department of Labor Retirement Initiative Fails to Consider Current Regulatory Regime, Which Comprehensively Protects Investors, Including IRA Investors, and Preserves Investor...
The Economic Times  Mar 12  Comment 
India is working towards policies and regulations that would encourage non-cash payments to effectively tackle the problem of black money, Arvind Subramanian said.
Insurance Journal  Mar 9  Comment 
The California Earthquake Authority has again kicked off its annual “Marketing Value Program,” in which the quasi-private earthquake insurer encourages agents to sign up to receive direct mail marketing pre-printed with agents’ names to send...
Forbes  Mar 5  Comment 
There are few more optimistic thinkers than Gary Shapiro, the CEO and president of the Consumer Electronics Association and the author of "Ninja Innovation: The Ten Killer Strategies of the World’s Most Successful Companies." Shapiro–who is...
The Economic Times  Mar 4  Comment 
Asked whether the RBI Governor will get veto power in MPC, the CEA said: "It's too premature to comment on that."




 
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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