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Hong Kong stocks concept tracking | Hong Kong Civil Aviation Department invests 4.3 billion in Zhuhai Airport, institutions bullish on the long-term investment logic of the future aviation industry (with concept stocks)
On the 26th, the Airport Authority of Hong Kong signed a cooperation agreement on equity of Zhuhai Airport with Zhuhai Transport Holdings Group in Zhuhai.
Hong Kong stocks movement | china eastern airlines corporation (00670) rose more than 3% again as the domestic big plane achieved onboard local area network service for the first time.
china eastern airlines corporation (00670) rose by over 3% again, as of press time, up 3.29%, closing at 2.51 Hong Kong dollars, with a turnover of 14.1314 million Hong Kong dollars.
[Brokerage Focus] UBS Group believes that domestic airlines will show the highest resilience in the future 2-3 years during the macroeconomic rebound.
Jingu News | The UBS Group research report pointed out that recently, the stock prices of China's aviation industry have been rising, mainly driven by improved investor sentiment. In particular, domestic investors have been significantly boosted by the decline in domestic airfare prices compared to the same period last year and the favorable outlook for aviation fuel prices in 2025. Additionally, Canada's lifting of restrictions on the number of direct flights from China and the news of China Southern Airlines planning to sell 10 B787-8 aircraft have further strengthened market confidence. The bank believes that in the next 2-3 years, if the fleet growth rate slows down, airlines may exhibit the highest elasticity during the macroeconomic rebound.
Hong Kong stock concept tracking | The passenger transportation volume on international routes in October has recovered to 96% of 2019 levels, with airline stock prices undergoing a major cyclical recovery (including concept stocks).
In October, the passenger transportation volume on international routes in our country recovered to 96% of that in 2019.
China East Air (00670.HK) appointed Qi Dongming as the legal representative.
Gelonghui November 25th, China East Airline (00670.HK) announced that (i) due to work adjustments, Ms. Li Yunchao will no longer serve as the legal proceedings representative, effective from November 25, 2024; and (ii) Mr. Qi Dongming will be appointed as the legal proceedings representative, effective from November 25, 2024.
China Eastern Airlines Corporation (600115.SH): Planning to conduct 5 billion yuan perpetual bond financing with the controlling shareholder.
On November 25, GE Longhui reported that China Eastern Airlines Corporation (600115.SH) announced that, in order to improve the company's capital structure, reduce the asset-liability ratio, enhance risk resistance capabilities and financial stability, based on the company's operational situation and development needs, the company is conducting a RMB 5 billion perpetual debt financing with its controlling shareholder, China Eastern Airlines Group. The fund will be used for the company to replace maturing debts, supplement working capital, and for other purposes permitted by applicable laws and regulations.
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