|Day's Range||9.57 - 9.96|
|52 Week Range||6.71 - 10.70|
|PE Ratio (TTM)||N/A|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Like ancient warlords, China's three biggest airlines have dominated their regional cities: Air China Ltd. controlling Beijing, China Eastern Airlines Corp. holding sway in the financial center of Shanghai, ...
UOB Kay Hian cut their rating on the sector to market weight, arguing that many of the gains from a strong Chinese currency, known as the renminbi or yuan (CNY), have been priced in. The three big airlines - Air China (753.HK), China Eastern (670.HK) and China Southern (1055.HK) - have between CNY30 billion and CNY40 billion in U.S. dollar debt, meaning the strong yuan will deliver mark-to-market gains on that debt. Air China opined that international yields could decrease by 5-6% this year and also stated that the pace of yield decline could accelerate further if there were more terrorist attacks.
As Chinese appetite for Swiss companies grows, so is demand for flights between the two countries.