QUOTE AND NEWS
The Hindu Business Line  Oct 24  Comment 
Acknowledging that private investment is stifled in India due to “lots of regulations” and also scarcity of coal and electricity, new Chief Economic Adviser Arvind Subramanian has said that removi...
Insurance Journal  Oct 23  Comment 
The California Earthquake Authority on Thursday proposed an average 8 percent decrease in rates. CEA’s Advisory Panel recommended the rate decreases, along with additional coverage options in deductibles, discounts and certain limits, to the CEA...
TechCrunch  Oct 23  Comment 
 Stop procrastinating and fill out your application for Hardware Battlefield. The show is set to be even better than last year with participating startups getting free exhibition space at the 2015 International CES and competing for $50,000 and...
Mondo Visione  Oct 22  Comment 
The U.S. Commodity Futures Trading Commission (CFTC) today announced that the Honorable Richard G. Stearns of the U.S. District Court for the District of Massachusetts entered a Final Judgment against Defendants John B. Wilson and his...
The Hindu Business Line  Oct 16  Comment 
Mayaram shunted out; Mehrishi gets Economic Affairs; Subramanian is CEA
The Times of India  Oct 16  Comment 
Fuel stockpiles at the thermal power stations hit a new low in 25 years at 7.2 million tonnes, as Coal India and its subsidiaries failed to meet their production targets, as per latest official data.
The Hindu Business Line  Oct 3  Comment 
Coal stock position at thermal power plants remains critical as more than half of the generating stations have less than a week’s fuel stock. As per the latest data (September 29) by the Ce...
StreetInsider.com  Sep 25  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Boeing+%28BA%29+Reports+Delivery+of+China+Eastern+Airlines%27+First+777-300ER/9859813.html for the full story.
The Hindu Business Line  Sep 18  Comment 
Power authority may consider report today
Mondo Visione  Sep 15  Comment 
The U.S. Commodity Futures Trading Commission’s (CFTC) Divisions of Market Oversight (DMO) and Swap and Intermediary Oversight (DSIO) today announced the issuance of an enabling no-action letter for qualifying swaps trading platforms that are...




 
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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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