QUOTE AND NEWS
The Economic Times  7 hrs ago  Comment 
Chief Economic Advisor (CEA) Arvind Subramanian today said India can grow at 8-10 per cent, provided exports put up a strong show.
newratings.com  11 hrs ago  Comment 
ATLANTA (dpa-AFX) - China Eastern Airlines Corp. (CEA) and Delta Air Lines Inc. (DAL, DALRQ.PK) said they have signed an agreement to expand their partnership and better connect Delta's global network with China Eastern. The agreement will...
The Economic Times  Jul 20  Comment 
Arvind Subramanian has said the RBI and the government are on the same page on the proposed monetary policy framework, indicating a convergence between the two on this crucial issue.
The Economic Times  Jul 16  Comment 
The government has asked the CEA to look into the country's trade agreements and suggest areas that need a review and renegotiation.
Financial Times  Jul 16  Comment 
First-half profit alert is about more than the oil price
The Economic Times  Jul 12  Comment 
India will have to remain watchful about the interest rate hike by the US Federal Reserve which may happen later this year, Arvind Subramanian has said.
Mondo Visione  Jul 7  Comment 
Nasdaq (Nasdaq:NDAQ) announced today that First Trust will list one new exchange-traded fund (ETF), the First Trust Nasdaq CEA Cybersecurity ETF (Symbol: CIBR), today, July 7, 2015 on The Nasdaq Stock MarketĀ®. The ETF, which is based off of the...
The Economic Times  Jul 6  Comment 
India is well protected macro-economically, with healthy reserves and is internationally a preferred destination for foreign investment.




 
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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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