Clusterstock  Aug 24  Comment 
LONDON (Reuters) - British engineering company Rolls-Royce said it won a $1.5 billion order for its Trent 700 engines from China Eastern Airlines to power 15 of the Chinese carrier's Airbus A330 aircraft. Rolls-Royce said its Trent 700 engine...
Mondo Visione  Aug 23  Comment 
The U.S. Commodity Futures Trading Commission (CFTC) announced today that it has issued an Order of Registration to Seed SEF LLC (Seed), of Chicago, Illinois, granting it fully registered status with the CFTC as a Swap Execution Facility...
The Hindu Business Line  Aug 23  Comment 
The Centre is on a missionary mode to address the twin challenges of financial revival of distribution companies and reduction of transmission and commercial loss, said SD Dubey, Chairman of the Cent...
The Economic Times  Aug 21  Comment 
"Earlier, the plan used to demand that projections be made state-wise. But this time, we are undertaking demand at discom level," Dubey said.
The Economic Times  Aug 9  Comment 
According to the statement, 18 out of 36 states/UTs are expected to be power surplus in FY2016-17, as per CEA's Load Generation Balance Report 2016-17.
The Economic Times  Aug 7  Comment 
Subramanian said a relatively low rate reduces the chances of GST being inflationary while a high tax rate raises chances of tax avoidance.
The Hindu Business Line  Aug 4  Comment 
‘But there is unlikely to be a sudden surge in investments’
Mondo Visione  Aug 1  Comment 
The U.S. Commodity Futures Trading Commission (CFTC) obtained a federal court Consent Order for Permanent Injunction against Defendants Ghassan Tawachi of Irvine, California, and his firm, Intelligent Trades, LLC, a Florida limited liability...
The Economic Times  Jul 28  Comment 
"Presently, 50 proposals for setting up of hydro electric projects have been received from various states in Central Electricity Authority for concurrence/appraisal," Piyush Goyal informed the Lok Sabha.
The Economic Times  Jul 28  Comment 
Goyal said as per information reported by the states to Central Electricity Authority (CEA), energy shortage at all- India level was reduced to 2.1 per cent.


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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