QUOTE AND NEWS
The Times of India  May 20  Comment 
CEA Ashok Lahiri named member
Mondo Visione  May 18  Comment 
The U.S. Commodity Futures Trading Commission (Commission), on May 18, 2015, issued a notice of proposed order and request for comment on that order concerning Southwest Power Pool, Inc. (SPP), a Regional Transmission Organization (RTO) regulated...
Cellular News  May 18  Comment 
A major shift in the consumer electronics products owned by U.S. households is now underway, according to the Consumer Electronics Association (CEA). Click here for more.
The Hindu Business Line  May 8  Comment 
The Centre has ruled out passing of any portion of the fuel cost to consumers by the power producers, who have obtained coal blocks through reverse auction.Gireesh B Pradhan, Chairman of the...
Mondo Visione  May 4  Comment 
The U.S. Commodity Futures Trading Commission’s (Commission) Division of Clearing and Risk (Division) today published a letter interpreting Section 2(h)(7)(C)(iii) of the Commodity Exchange Act (CEA) to clarify that a securitization special...
The Economic Times  Apr 28  Comment 
The upward revision to GDP figures, pursuant to change in methodology, has come in for criticism from various quarters, including by RBI.
The Australian  Apr 28  Comment 
Qantas has warned a decision by the ACCC to reject its alliance with China Eastern could leave some operations unsustainable.
Insurance Journal  Apr 23  Comment 
California Insurance Commissioner Dave Jones approved a statewide rate reduction of 10 percent for earthquake insurance policies issued by the California Earthquake Authority. The reduction is effective Jan. 1, 2016. Jones also approved additional...
The Hindu Business Line  Apr 22  Comment 
Essar Power on Wednesday said that its Learning & Development Centre at Salaya, Jamnagar, has been recognized by the Central Electricity Authority (CEA), Union Ministry of Power, as...
The Hindu Business Line  Apr 21  Comment 
The Central Electricity Authority in a recent letter to the Central Electricity Regulatory Commission has said that the project capacity of the Karcham Wangtoo Hydro Electic Project in Himachal Pr...




 
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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