Guotai Junan International to China Eastern Airlines collect ratings onavo protect

Guotai Junan International: to Chinese Eastern Airlines collect ratings hot column capital flows thousands of thousands of stocks the latest Rating Rating diagnosis simulated trading client sina finance App: Live on-line blogger to tutor Sina Hong Kong APP: real time market exclusive reference is worthwhile to invest in Hong Kong stocks? What’s the problem? Where is the future of the way out? Sina launched the "Hong Kong Hong Kong stocks as well as unattractive" discussion, with a rational and constructive attitude, welcome attention to Hong Kong stocks, concern of the capital market, Hong Kong stocks together for suggestions, seek the Hong Kong stock market tomorrow. Please to hkstock_biz@sina. China Eastern Airlines   (00670 HK): strong rpks growth, and expected the Disney effect will propel the growth of Eastern Airlines in the first half of 2016 shareholders net profit fell 9.3% to 323 billion yuan, lower than market expectations. Significant decline was mainly due to the continued depreciation of the RMB resulting in significant exchange losses during the period to 1 billion 355 million yuan. Meanwhile, passenger revenue grew 5.8% to $39 billion 298 million, fuel costs due to low oil prices in the first half of fell by 20.8%, resulting in an increase of EBITDA of the same period of last year. As a result of a large number of investment in excess capacity caused by other airlines, and lower ticket prices, revenue per passenger kilometer yield fell 8.2%. In the three major airlines, Eastern Airlines in 2016 1-8 months of passenger growth was the fastest, the overall revenue passenger kilometers grew by 14.3%, while the guest rate rose by 0.4 percentage points to 81.7%. We expect revenue growth in Eastern Airlines will continue to grow rapidly due to strong demand for international and domestic tourism. Coupled with the Disney effect, we expect China Eastern Airlines passenger volume will exceed competitors. We expect revenue growth of passenger kilometers in 2016-2018 were 15.7%, 13.3% and 10.1%, respectively. Investment rating for "collection". Eastern Airlines is benefiting from strong demand from international and domestic tourism, and rapid growth. Coupled with the dominance of Eastern Airlines in the Shanghai market, the opening of Disney will provide additional impetus. At present, the valuation of Eastern Airlines is still at a low level of 5.9 times earnings in 2016. We give a target price of HK $4.14, equivalent to 2016 times the price earnings ratio of 6.7 times and the price earnings ratio of the year 2017, the market value of the city in 2016 and the city’s net rate of 0.9 times in the year of 1 times in 2017. (both) to enter the Sina financial stocks] discussion相关的主题文章: