QUOTE AND NEWS
guardian.co.uk  Jun 13  Comment 
China Eastern flight bound for Shanghai had to return to Sydney after about an hour due to damage to Rolls-Royce engine casing A China Eastern flight from Sydney to Shanghai was forced to turn around after a hole appeared in one of its engine...
Flightglobal  Jun 12  Comment 
A China Eastern Airlines Airbus A330-200 had to return to Sydney airport shortly after take-off due to damage in the engine cowling of its left Rolls-Royce Trent 772 powerplant.
The Economic Times  Jun 11  Comment 
"The insider-outsider can be more truthful internally, as also on the outside, which space is not available to the babu-bureaucrat," he said.
The Economic Times  Jun 9  Comment 
Senior policymakers told ET that Urjit Patel and govt officials had a cordial lunch on Friday, and that CEA's opinion was not that of govt’s.
The Economic Times  Jun 8  Comment 
The biggest beneficiaries of the open market policy, or globalisation, has been middle-income countries and the continuation of this is in their interest, said Chief Economic adviser Subramanian.
The Economic Times  Jun 8  Comment 
Economic conditions warranted a substantial monetary easing, said CEA Arvind Subramanian.
The Hindu Business Line  Jun 7  Comment 
Economic conditions warrant easing of rates, says Arvind Subramanian
The Economic Times  May 31  Comment 
India's economic growth slowed to 7.1 per cent in 2016- 17, the year in which 87 per cent of the currency was demonetised, despite a very good show by the agricultural sector.
Wall Street Journal  May 26  Comment 
Financial disclosures filed by Kevin Hassett show the nominee to be chairman of the White House Council of Economic Advisers worked as a consultant for Citigroup Inc., whose ties with the previous administration rankled some Democrats.




 
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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