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    600115   CNE000000TR0

CHINA EASTERN AIRLINES CORPORATION LIMITED

(600115)
  Report
End-of-day quote. End-of-day quote Shanghai Stock Exchange - 12/03
4.76 CNY   +1.06%
12/03Asian ADRs Decline in Friday Trading
MT
12/02China regulator says more testing needed to certify C919 aircraft
RE
12/02China regulator says more testing needed to certify C919 aircraft
RE
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

China stocks mixed as caution grows over monetary policy outlook

10/14/2021 | 01:00am EST

SHANGHAI, Oct 14 (Reuters) - China stocks were mixed on Thursday as investors turned cautious about the country's monetary policy trajectory as factory gate inflation hit record highs, while new bank lending fell short of expectations.

** At the midday break, the Shanghai Composite index was up 0.15% at 3,567.14 points, while the blue-chip CSI300 index was down 0.31%.

** China's annual factory gate prices grew at their fastest pace on record in September, driven by energy curbs and soaring commodity prices, piling pressure on businesses already grappling with supply bottlenecks.

** "We think the risk of stagflation is rising in China as well as the rest of the world," said Zhiwei Zhang, chief economist, Pinpoint Asset Management. "The ambitious goal of carbon neutrality puts persistent pressure on commodity prices, which will be passed to downstream firms."

** "Persistent inflationary pressure limits the potential scope of monetary policy easing," he added.

** Some economists believe more monetary and fiscal support are needed after official data on Wednesday showed that new bank lending in China accelerated in September from the previous month but fell short of expectations.

** The financial sub-index eased 0.9%, the consumer staples sector fell 1%, the real estate index dropped 2.71% and the healthcare sub-index lost 2.2%.

** However, the aviation sector outperformed the market on hopes of new COVID-19 treatments leading to a rebound in travel demand.

** Air China Ltd gained as much as 6.5%, while Shanghai International Airport, Juneyao Airlines , Spring Airlines, China Southern Airlines and China Eastern Airlines also advanced.

** Merck & Co said it had applied for U.S. emergency use authorization for its drug to treat mild-to-moderate patients of COVID-19, putting it on course to become the first oral antiviral medication for the disease.

** Hong Kong's financial markets are closed for the Chung Yeung Festival on Thursday. (Reporting by the Shanghai Newsroom; Editing by Ramakrishnan M.)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
CHINA EASTERN AIRLINES CORPORATION LIMITED 1.06% 4.76 End-of-day quote.1.71%
JUNEYAO AIRLINES CO., LTD 1.14% 15.05 End-of-day quote.32.37%
SHANGHAI INTERNATIONAL AIRPORT CO., LTD. 3.14% 46.02 End-of-day quote.-39.18%
SPRING AIRLINES CO., LTD. 1.22% 56.49 End-of-day quote.1.91%
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Analyst Recommendations on CHINA EASTERN AIRLINES CORPORATION LIMITED
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Financials
Sales 2021 74 745 M 11 723 M 11 723 M
Net income 2021 -11 184 M -1 754 M -1 754 M
Net Debt 2021 174 B 27 302 M 27 302 M
P/E ratio 2021 -7,42x
Yield 2021 -
Capitalization 77 313 M 12 125 M 12 126 M
EV / Sales 2021 3,36x
EV / Sales 2022 2,21x
Nbr of Employees 81 157
Free-Float 38,8%
Chart CHINA EASTERN AIRLINES CORPORATION LIMITED
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China Eastern Airlines Corporation Limited Technical Analysis Chart | MarketScreener
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Technical analysis trends CHINA EASTERN AIRLINES CORPORATION LIMITED
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Last Close Price 4,76 CNY
Average target price 5,07 CNY
Spread / Average Target 6,47%
EPS Revisions
Managers and Directors
Zhou Qimin Chief Financial Officer & Vice President
Shao Yong Liu Chairman
Lijun Guo Chairman-Supervisory Board
Xue Bo Dong Independent Non-Executive Director
Hong Ping Cai Independent Non-Executive Director
Sector and Competitors