[ET Net News Agency, 4 December 2018] Deutsche Bank lowered its target price for China
Eastern Airlines (CEA)(00670) to HK$4.7 from HK$5.75 and maintained its "hold" rating.
The research house remains optimistic about CEA's core business operations despite
slower traffic growth, as DB expects their yield to further improve with a stable load
factor and well-controlled ex-fuel operating expense.
It also sees long-term upside potential from domestic airfare liberalization and its
low-cost carrier (LCC) unit, China United Airlines (CUA), especially with the recent
tie-up with Juneyao Airlines.
DB noted that both Juneyao Airlines and its parent subscribed to CEA's private A-share
placement while CEA parent also subscribed to Juneyao Airlines' private A-share placement.
(KL)
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00670 CHINA EAST AIR
Nominal 
1.980 +0.020 (+1.020%) Others
04/12/2018 16:54
[I-bank focus]DB trims China Eastern Airlines to HK$4.7
| Remark: | Real time quote last updated: 25/04/2024 14:08 |
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