QUOTE AND NEWS
The Hindu Business Line  Sep 18  Comment 
Power authority may consider report today
Mondo Visione  Sep 15  Comment 
The U.S. Commodity Futures Trading Commission’s (CFTC) Divisions of Market Oversight (DMO) and Swap and Intermediary Oversight (DSIO) today announced the issuance of an enabling no-action letter for qualifying swaps trading platforms that are...
Forbes  Sep 1  Comment 
China Eastern Airlines profit disappoints, but shares hold steady Monday in Hong Kong and Shanghai.
The Economic Times  Aug 26  Comment 
The post of CEA has been lying vacant since Raghuram Rajan left the Finance Ministry to join the Reserve Bank as Governor in September last year.
The Economic Times  Aug 23  Comment 
In the nearly 3 months since Modi was sworn in, Subramanian has urged to make a sharper break from the policies of the previous govt.
The Economic Times  Aug 22  Comment 
According to Peterson Institute, Foreign Policy magazine named Subramanian as one of the world's top 100 global thinkers in 2011.
SeekingAlpha  Aug 4  Comment 
By Harlan Levy: Lynn Reaser is Chief Economist for the California State Controller's Council of Economic Advisors. Previously, she was managing director and chief economist for the Investment Strategies Group at Bank of America. Harlan...
TheStreet.com  Jul 31  Comment 
BEIJING (TheStreet) -- Thursday's 7:35 a.m. China Southern Airlines' commuter flight to Shanghai from Beijing didn't get off the ground until 9:40 a.m., according to the Beijing airport Web site. No surprise there. Domestic air travelers in...
NPR  Jul 17  Comment 
Half the drop in the labor force can be explained by retirements, a White House economic report concludes. And the other half of missing workers may yet be lured back, but only with better policies.
Wall Street Journal  Jul 2  Comment 
China Eastern plans to convert one of its units into a low-cost airline, becoming the first Chinese state-run carrier to enter Asia's booming budget-airline market.




 
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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