QUOTE AND NEWS
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.
Wall Street Journal  Jun 27  Comment 
State-owned Shanxi Coal International Energy Group Co. said it has sued two companies allegedly involved in a metals-backed financing scandal in China's eastern port of Qingdao, signaling mounting problems for the Qingdao firms as fallout from the...
Cellular News  Jun 17  Comment 
The USA's allocation of unlicensed radio spectrum generates $62 billion a year for the U.S. economy, according to a new report from the Consumer Electronics Association (CEA). Click here for more.
Wall Street Journal  Jun 13  Comment 
China Eastern Airlines Corp. said Friday it would buy 80 Boeing single-aisle jets including the new 737 Max version amid a wave of aircraft purchases by Chinese carriers from the U.S. plane maker and its European rival Airbus Group NV.
Insurance Journal  May 30  Comment 
California Earthquake Authority insurance policy sales jumped following the March 29 magnitude 5.1 La Habra earthquake by nearly as much as the spike in policy sales following the March 11, 2011, magnitude-9.0 Tohoku earthquake in Japan, CEA...
Cellular News  May 28  Comment 
Consumer confidence toward technology spending increased slightly, while sentiment toward the overall economy saw a marginal decrease according to the latest figures released by the Consumer Electronics Association (CEA). Click here for more.
The Straits Times  May 21  Comment 
May 22, 2014 1:22 AM A 50-YEAR-OLD woman has been accused by the Council for Estate Agencies of acting as a real estate agent even though she was not licensed with CEA.
Cloud Computing  May 19  Comment 
Today, the Consumer Electronics Association (CEA)® and the National Sleep Foundation (NSF) announced they are working together to explore technology standards that will aid the development of consumer sleep technology. The...




 
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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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