QUOTE AND NEWS
MarketWatch  6 hrs ago  Comment 
Kevin Hassett, an economist at the American Enterprise Institute, will be named chairman of the White House Council of Economic Advisers, Politico reported. Hassett is most known for co-authoring a book forecasting the Dow reaching 36,000 just...
The Hindu Business Line  8 hrs ago  Comment 
The issue is impacting investments, growth: CEA Subramanian
The Hindu Business Line  Feb 22  Comment 
Government in touch with the RBI on this matter, says CEA
The Economic Times  Feb 22  Comment 
After remaining fairly stable for much of the last two years, international prices of crude oil have started to trend up.
The Hindu Business Line  Feb 21  Comment 
‘It was partly technical, partly intuitive’
Insurance Journal  Feb 10  Comment 
The California Earthquake Authority has named Todd Coombes chief of technology and information services. The CEA also named Kellie Schneider chief operations officer. The moves follow the retirement at the end of January of Bob Stewart, the chief...
MarketWatch  Feb 9  Comment 
The White House Council of Economic Advisers is being demoted by the Trump administration.
The Economic Times  Feb 9  Comment 
To a query of taxing agriculture income, Subramanian said that when the Constitution was written, the decision to tax agriculture income was left to states and the political compromises were embedded in the Constitution.
The Economic Times  Feb 2  Comment 
Presenting the Economic Survey on January 31, chief economic advisor Arvind Subramanian had slammed the global rating agencies for their 'inconsistent' standards.
The Hindu Business Line  Jan 31  Comment 
‘The proposal is an alternative to subsidies for poverty alleviation’




 
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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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