QUOTE AND NEWS
The Times of India  Jan 26  Comment 
Lauding RBI’s role in helping bring down inflation, chief economic advisor Arvind Subramanian said the central bank may further ease the interest rates as improvement on price front has opened the space for monetary easing.
The Economic Times  Jan 19  Comment 
Other prominent Indian names would include CEA Arvind Subramanian, as also CMs of Maharashtra and Andhra Pradesh -- Devendra Fadnavis and Chandrababu Naidu.
The Economic Times  Jan 18  Comment 
Chief economic advisor Arvind Subramanian says US Senate bill on immigration is adverse, even hostile, to Indian skilled labour exports
The Hindu Business Line  Jan 15  Comment 
Confident that RBI’s decision to cut interest rates would give a major fillip to the economy, the Chief Economic Advisor (CEA), Arvind Subramanian today said it signals a shift in the policy stanc...
The Economic Times  Jan 14  Comment 
"The biggest change is the govt in power that has unleashed a slew of reforms. Prospects for the economy should be very bright going forward," Subramanian said
The Economic Times  Jan 12  Comment 
India, Asia's third-largest economy, grew below 5 per cent in the past two years - the longest spell of sub-par growth since 1980s.
The Hindu Business Line  Jan 11  Comment 
Peak power deficit in the country fell to 3.3 per cent last month due to improved coal supplies, additional generation capacity and connectivity of the southern transmission network with the Natio...
TechCrunch  Jan 5  Comment 
 I’ve written about ISKN in the past. It’s a simple slate that tracks your pen and paper sketches. It transforms your drawings into vectorial images in real time. The company just snatched $2 million in funding from Partech Ventures, CEA...
The Hindu Business Line  Jan 1  Comment 
Critical coal stock position at thermal power plants showed an improvement last month as compared to November, with 41 projects under the critical category, according to an official data.




 
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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.




References

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