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RTNominal up3.460 +0.070 (+2.065%)

08/01/2021 17:55

{I-bank focus}JPM tweaks China Eastern Airlines to HK$4.3

[ET Net News Agency, 8 January 2021] J.P. Morgan raised its target price for China
Eastern Airlines CEA) (00670) to HK$4.3 from HK$4.2 and maintained its "overweight"
The research house sees potential upside from a revenue recovery on the back of CEA's
competitive edge in obtaining more landing slots along key domestic routes departing from
Shanghai (as Shanghai International Airport's satellite terminal opened) and Beijing, and
the industry's yield recovery.
JPM is also encouraged by CEA's large exposure in Japan, enabling CEA to capture the
Tokyo Olympics demand. CEA's plans to launch Sanya International Airlines offers CEA a
springboard to capture prospective travel demand to Hainan. (KL)

Remark: Real time quote last updated: 18/06/2021 17:59
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