QUOTE AND NEWS
Benzinga  Mar 27  Comment 
China Eastern Airlines (NYSE: CEA) reported a 25% drop in its 2013 net profit. China Eastern Airlines' net profit for the year slipped to 2.38 billion Chinese yuan (US$387 million), versus a year-ago net profit of 3.17 billion yuan. However,...
Wall Street Journal  Mar 26  Comment 
China Eastern Airlines's 2013 net profit fell 25% to 2.38 billion yuan as intensifying competition weighed on the Chinese carrier's profitability.
Mondo Visione  Mar 21  Comment 
The Commodity Futures Trading Commission’s (CFTC or Commission) Division of Market Oversight (DMO) today announced the issuance of a no-action letter extending time-limited relief for (1) Multilateral Trading Facilities overseen by competent...
Wall Street Journal  Mar 19  Comment 
While air traffic between the U.S. and China is soaring, the carriers aren't getting nearly as much of the benefit as they think they should.
Channel News Asia  Mar 19  Comment 
The Council for Estate Agencies (CEA) earlier this week issued new guidelines for property agents and salespersons marketing foreign properties. Industry players generally welcome the move, but some said the guidelines could pose challenges.
Mondo Visione  Mar 18  Comment 
The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and settling charges against Sean R. Stropp (Stropp), formerly of Jupiter, Florida. Stropp is ordered to pay a $250,000 civil monetary penalty for making false and...
Mondo Visione  Mar 17  Comment 
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced the results of the semi-annual evaluation of the NASDAQ OMX CEA Smartphone IndexSM (Nasdaq:QFON), in partnership with the Consumer Electronics Association (CEA)®, which will become...
The Straits Times  Mar 16  Comment 
March 17, 2014 1:56 PM The industry watchdog for real estate agents has put up an online consumer guide to overseas property purchases, it said on Monday.     
Wall Street Journal  Feb 28  Comment 
China Eastern Airlines Corp. has agreed to buy 70 Airbus A320neo aircraft with a list price of $6.37 billion, as it seeks to boost capacity.
Mondo Visione  Feb 20  Comment 
The U.S. Commodity Futures Trading Commission’s (CFTC or Commission) Divisions of Clearing and Risk, Market Oversight, and Swap Dealer and Intermediary Oversight (Divisions) today issued a time-limited no-action letter to Southwest Power...




 
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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