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    600115   CNE000000TR0

CHINA EASTERN AIRLINES CORPORATION LIMITED

(600115)
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End-of-day quote Shanghai Stock Exchange  -  2022-08-09
4.720 CNY   -1.05%
08/08CHINA EASTERN AIRLINES : Form 6-K
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08/05UBS Adjusts China Eastern Airlines' Price Target to 4.85 Yuan From 4.90 Yuan, Keeps at Neutral
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08/02CHINA EASTERN AIRLINES : Form 6-K
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Shanghai stocks rise on ETF Connect boost, COVID woes cap gains

07/04/2022 | 12:37am EDT

SHANGHAI, July 4 (Reuters) - China stocks rose slightly on Monday, lifted by the newly launched cross-border investment scheme ETF Connect, but gains were capped by signs of rising COVID-19 infections.

In Hong Kong, equities fell as airline stocks weighed on key indexes.

** China's blue-chip index CSI300 rose 0.2% by the midday break, while the Shanghai Composite Index gained 0.1%. In Hong Kong, the benchmark Hang Seng Index fell 0.6%.

** Investors in China and Hong Kong started trading exchange-traded funds (ETFs) in each other's markets on Monday, but more money will likely flow into mainland markets initially under ETF Connect.

** With just four Hong Kong-listed ETFs qualified — compared with 83 eligible products traded in Shanghai and Shenzhen — the benefits are sharply skewed toward funds that invest in China-listed shares.

** But risk appetite in China was curbed by signs of a possible flare-up in COVID-19 outbreaks.

** Parts of eastern China are running fresh rounds of mass COVID-19 testing, as the country faces new waves of infections while recovering from impact of the spring outbreaks that hit Beijing and Shanghai.

** Daily numbers of locally transmitted infections in mainland China increased to more than 300 over the weekend, compared with a few dozens in late-June.

** An index tracking China's healthcare stocks surged nearly 4%, but tourism and transport stocks shares fell sharply.

** China's "Big Three" state airlines tumbled in both China and Hong Kong, after they pledged on Friday to buy a total of almost 300 Airbus jets, the biggest order by Chinese carriers since the start of the pandemic.

** Hong Kong shares of Air China slumped 7.5% by the lunch break, on track for their worst day since March.

** Shares of China Southern Airlines and China Eastern Airlines also fell sharply. (Reporting by Shanghai Newsroom; editing by Uttaresh.V)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AIRBUS SE 1.01% 107.52 Real-time Quote.-5.27%
CHINA EASTERN AIRLINES CORPORATION LIMITED -1.05% 4.72 End-of-day quote.-8.53%
S&P/CITIC 300 INDEX -1.15% 3750.55 Real-time Quote.-15.51%
S&P/CITIC 50 INDEX -1.27% 3515.6 Real-time Quote.-15.14%
All news about CHINA EASTERN AIRLINES CORPORATION LIMITED
08/08CHINA EASTERN AIRLINES : Form 6-K
PU
08/05UBS Adjusts China Eastern Airlines' Price Target to 4.85 Yuan From 4.90 Yuan, Keeps at ..
MT
08/02CHINA EASTERN AIRLINES : Form 6-K
PU
07/23China's home-grown C919 jet nears certification as test planes complete tasks
RE
07/19China Eastern Airlines Expects Higher H1 Loss
MT
07/18China Eastern Air's Passenger Count Drops 61% in June
MT
07/18CHINA EASTERN AIRLINES : Form 6-K
PU
07/18CHINA EASTERN AIRLINES : Form 6-K
PU
07/15China Eastern Airlines Corporation Limited Provides Preliminary Earnings Guidance for t..
CI
07/15China Eastern Airlines Corporation Limited Announces Operating Results for the Month an..
CI
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Financials
Sales 2022 75 716 M 11 261 M 11 261 M
Net income 2022 -20 193 M -3 003 M -3 003 M
Net Debt 2022 205 B 30 440 M 30 440 M
P/E ratio 2022 -4,40x
Yield 2022 -
Capitalization 77 033 M 11 408 M 11 457 M
EV / Sales 2022 3,72x
EV / Sales 2023 2,36x
Nbr of Employees 80 321
Free-Float 28,0%
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Mean consensus OUTPERFORM
Number of Analysts 16
Last Close Price 4,72 CNY
Average target price 5,04 CNY
Spread / Average Target 6,67%
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Managers and Directors
Yang Min Li Vice Chairman & President
Qimin Zhou Chief Financial Officer & Vice President
Shao Yong Liu Chairman
Li Jun Guo Chairman-Supervisory Board & Chief Economist
Xue Bo Dong Independent Non-Executive Director
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