The Economic Times  4 hrs ago  Comment 
CEA Subramanian says there’s a big opportunity for India because of emphasis on infra which ups returns.
The Hindu Business Line  Feb 5  Comment 
‘Low oil, commodity prices will help strengthen the larger economy’
Mondo Visione  Feb 1  Comment 
The U.S. Commodity Futures Trading Commission (CFTC) today issued an order granting Eurex Clearing AG (Eurex Clearing) registration as a derivatives clearing organization (DCO) under the Commodity Exchange Act (CEA). This action furthers the...
The Economic Times  Jan 22  Comment 
Subramanian said that China's story would depend on what actions its government takes to address the situation.
Mondo Visione  Jan 21  Comment 
The U.S. Commodity Futures Trading Commission (CFTC) today launched the CFTC Whistleblower Program’s new website, www.whistleblower.gov. The new website provides an improved interface that educates the public about the Whistleblower Program and...
Channel News Asia  Jan 21  Comment 
The fall could be a reflection of the property market sentiments, says the Council for Estate Agencies. 
The Economic Times  Jan 12  Comment 
Finance Ministry today attributed the decline in November industrial production to a 4-year low to statistical reasons, particularly due to lesser number of working days.
The Economic Times  Jan 1  Comment 
India has emerged as the world's fastest growing economy notwithstanding global demand slowdown and four droughts, CEA Arvind Subramanian said.
The Hindu Business Line  Jan 1  Comment 
The Hindu Business Line  Dec 30  Comment 
To sacrifice deficit targets for growth is CEA’s view, says Finance Minister
Insurance Journal  Dec 29  Comment 
It’s about the closest thing to DIY earthquake insurance as one can get, though there’s definitely no indication that the newest consumer-friendly features being rolled out by the California Earthquake Authority will enable people to do...


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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