China Southern Airlines Company Limited (ZNH)
Chart Events
Performance Outlook
| Previous Close | 27.64 |
| Open | 27.45 |
| Bid | 27.13 x 800 |
| Ask | 27.26 x 1200 |
| Day's Range | 27.10 - 27.29 |
| 52 Week Range | 18.45 - 34.12 |
| Volume | 15,672 |
| Avg. Volume | 26,918 |
| Market Cap | 11.666B |
| Beta (5Y Monthly) | 1.65 |
| PE Ratio (TTM) | 12.07 |
| EPS (TTM) | 2.25 |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | Jun 28, 2019 |
| 1y Target Est | 183.08 |
Fair Value
Related Research
- Bloomberg
Huawei CFO’s Life on Bail: Private Dining, Jet Charter and More
(Bloomberg) -- For two years, few outside the inner circle of Meng Wanzhou have known how one of China’s most powerful tech executives has whiled away her days in Vancouver while battling a U.S. extradition request.That was until a court hearing Tuesday provided some stunning insights into the Huawei Technologies Co. chief financial officer’s life of affluence while on bail. Meng spent Christmas Day at a restaurant that catered exclusively to her party of 14. When one court decision last year presented her with her first shot at release, a China Southern Airlines jetliner was chartered, ready to whisk her back to China (the decision went against her). She goes on shopping sprees at high-end Vancouver boutiques that set aside space so that she can browse in private.The revelations emerged in testimony as the court considered a request by Meng to further relax her bail terms. She’s currently allowed to roam a roughly 100-square-mile patch around Vancouver in the company of court-appointed security guards during the day and is confined to house arrest at night. She’s asking the court if she can move around outside her curfew hours without the guard accompaniment.The plight of Meng, the eldest daughter of Huawei’s billionaire founder Ren Zhengfei, has become a national cause for Beijing. Her December 2018 arrest set off an unprecedented diplomatic uproar. Just days after it, two Canadians -- Michael Spavor and Michael Kovrig -- were detained in China, billions of dollars in Canadian exports to China were disrupted and bilateral relations deteriorated. In the U.S., her case cast a spotlight on a broader Trump administration effort to contain China and its largest technology company. U.S. officials have charged Meng with fraud for having allegedly tricked HSBC Holdings Plc. into processing Iran-linked transactions, putting the bank at risk of violating American sanctions. She denies any wrongdoing.Under her C$10 million ($7.9 million) bail terms, the 48-year-old executive wears a GPS monitor on her ankle, pays for 24-hour surveillance by a court-appointed private security firm and faces an 11 p.m to 6 a.m. curfew. During Tuesday’s hearing, her husband Liu Xiaozong testified to the court that Meng is usually guarded by a team of three on her outings, with the guards changing from day to day and traveling in the same vehicle as her. Liu fears that puts his wife at greater risk of contracting Covid-19, which is a particular concern because she is a survivor of thyroid cancer and suffers from hypertension, he said.Liu recounted that the family used to go grocery shopping and to malls and coffee shops together, but that has become “more challenging” in part because their children feared being publicly identified due to the presence of the security guards.The head of the security firm, Doug Maynard, later testified that his security personnel, too, had concerns about virus transmission -- caused by Meng’s behavior, as she dined in large groups that violated provincial Covid guidelines. On one occasion, the diners all sipped from the same coffee cup, he told the court.Canadian prosecutors argue that the conditions of Meng’s bail terms are “necessary and appropriate.” “There is no reason to vary the conditions at this time,” Canada’s Department of Justice said in an email prior to the hearings.The two Canadians jailed in China, Spavor and Kovrig, face a very different set of challenges. Indicted on national security charges, the two men were initially held at secret jails and questioned multiple times a day in cells where the lights couldn’t be turned off. Kovrig described his life as a “gray, grinding monotony” in a letter written to his wife from his windowless concrete cell. That was before Chinese officials cut off consular visits, letters and other communication amid the pandemic last year. It’s not clear if either has had access to a lawyer during the two years they’ve been incarcerated.China has disputed allegations of “hostage diplomacy” as “totally groundless,” saying that no one who follows the country’s laws should fear arrest. In turn, it has accused Canada of arbitrarily detaining Meng. Foreign Ministry spokeswoman Hua Chunying last month said Meng’s case was “100% a political incident.”Final hearings in Meng’s extradition proceedings are scheduled for mid-May, though appeals could lengthen the process significantly. Some Canadian extradition cases have lasted as long as a decade.The U.S. case is U.S. v. Huawei Technologies Co., 18-cr-457, U.S. District Court, Eastern District of New York (Brooklyn).For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
- Insider Monkey
Here is What Hedge Funds Think About China Southern Airlines Co Ltd (ZNH)
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Insider Monkey finished processing 817 13F filings submitted by hedge funds and prominent investors. These filings show these funds’ portfolio positions as of September 30th, 2020. […]
- South China Morning Post
China's largest carrier is back buying aircraft as Southern Airlines sells bonds to fund its order of Airbus' narrow-body jets
China Southern Airlines, operator of the country's biggest aircraft fleet, is back in the market buying new planes and engines, resuming its expansion mode after putting six months of an air travel slump behind it.The carrier is issuing up to 16 billion yuan (US$2.37 billion) of convertible bonds, using two-thirds of the proceeds to buy 11 planes, components and towards maintenance. The remainder of the funds raised will be used to buy back-up engines and replenish its liquidity, according to a statement by the airlines, based in the Guangdong provincial capital of Guangzhou.China Southern plans to add two types of narrow-body jets to its fleet of 857 aircraft, booking two A319neo and nine A321neo planes from Airbus. The 11 new planes are expected to add 1.9 billion yuan in annual revenue, China Southern said.Get the latest insights and analysis from our Global Impact newsletter on the big stories originating in China."Having more narrow-body aircraft is the future direction as large aircraft are proved not efficient enough, " said Toliver Ma, analyst at Guotai Junan in Hong Kong. "As more newly added routes will be short distance or regional, airlines need smaller aircraft given the demand for such routes in China still have room to develop."File picture of an Airbus A321neo aircraft in flight. NEO stands for "new engine option." alt=File picture of an Airbus A321neo aircraft in flight. NEO stands for "new engine option."The expansion by China Southern, which flies to 243 destinations in mainland China and around the world, follows the solid recovery during the "golden week" of the nation's national day in October, the longest public holiday since the coronavirus pandemic broke out in January.Even though the aggressive 'fly-at-will' promotion packages have boosted airlines' revenue, many of them are still flying international routes - the most profitable destinations - at 10 per cent of their 2019 capacity, which compels them to tap the capital markets for capital.File picture of an Airbus A319neo aircraft. alt=File picture of an Airbus A319neo aircraft.China Southern, the sole operator among Chinese carriers of the A380 super jumbo by Airbus, said it's aiming to grow into "an carrier with international scale and network," to leverage on the potential of an aviation market where the capacity to carry passengers may grow to 1.5 billion by 2036, and the growth prospect of its home base the Greater Bay Area.The use of the Airbus single-aisle aircraft would make up for the capacity of the 24 Boeing 737 MAX narrow-body jets grounded in China Southern's fleet. The carrier was one of the first to ground the aircraft last year, following two back-to-back crashes within five months involving the latest version of what Boeing called the "most popular jet aircraft of all time"."China Southern is aiming to restructure its fleet," said Li Hanming, an independent aviation consultant and founder of Li & Li Consultancy in Chicago. "Because the business of its domestic routes is quite stable, there's room to buy new planes."Boeing 737 MAX aircraft bearing China Southern's livery parked in a line at Urumqi airport, in China's western Xinjiiang region on June 5, 2019. Photo: AFP alt=Boeing 737 MAX aircraft bearing China Southern's livery parked in a line at Urumqi airport, in China's western Xinjiiang region on June 5, 2019. Photo: AFPAround 40,000 American airline workers were furloughed in early October in the absence of extra government financial aid, after bankruptcies of some carriers such as Miami-based Miami Air International. According to the International Air Transport Association (Iata), global airlines need between US$150 billion and US$200 billion in financial bailout, while the Airlines for American trade group said in March that US carriers would need US$58 billion in aid.China Southern's domestic passenger capacity rose 6.6 per cent in September from last year, despite a 90 per cent plunge in its international market, according to a filing on Wednesday. Its domestic passenger volume rose 1.6 per cent from a year ago, while passenger load factor was still down in both domestic and international markets.The convertible bond issuance could also be part of the capital injection from parent China Southern Air Holding Company or state-owned entities which pledged to inject 30 billion yuan in the state-controlled carrier's mixed-ownership reform, said Li.In 2019, the State-owned Assets Supervision and Administration Commission (Sasac), as well as Guangdong Hengjian Investment Holding, Guangzhou City Construction Investment Group, Shenzhen Penghang Equity Investment Fund signed the investment agreement. China Southern said it would use the capital to invest in its aviation business and serve China's Belt and Road Initiative (BRI) and Greater Bay Area (GBA) development.China Southern's expansion move could give hope to plane makers which have been hit hard by the slump in global travel. Euler Hermes under Allianz predicted earlier this week that new plane deliveries of Airbus and Boeing will drop by 57 per cent and 26 per cent in 2020 and 2021.SCMP Graphics alt=SCMP GraphicsThis article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's Facebook and Twitter pages. Copyright © 2020 South China Morning Post Publishers Ltd. All rights reserved. Copyright (c) 2020. South China Morning Post Publishers Ltd. All rights reserved.
