Hong Kong stocks fluctuate | Aviation industry morning session declines, all three major airlines achieve single-quarter profits, with Bank of America Merrill Lynch predicting that airlines will average a net loss in the fourth quarter.

Aviation/airlines industry stocks fell in the morning session, as of the time of publication, Meilan Airport (00357) fell by 7.46% to HK$8.81; Air China Limited (00753) fell by 4.27% to HK$4.48; China Southern Airlines (01055) fell by 3.37% to HK$3.44; China Eastern Airlines (00670) fell by 1.67% to HK$2.35.

Zhitong FinanceNov 10 21:37 ET

[Brokerage Focus] Bank of America Securities indicates that China's airlines' Q3 profits have recovered better than expected, but holds a negative attitude towards the three major airlines.

King's Financial News | A recent research report from Bank of America Securities pointed out that China's airlines returned to profit in the third quarter of 2024, with trends slightly better than the bank's expectations, mainly benefiting from increased forex income during the seasonal peak and reduced rbob gasoline costs. Unit costs were down 4% year-on-year, better than the bank's expectations; unit revenue decreased by 6% year-on-year, as expected. The bank expects Chinese airlines to average a net loss in the fourth quarter of 2024 due to a slowdown in seasonal demand, with unit revenue expected to decline by 7% year-on-year in the fourth quarter, and unit costs to decline by 10% year-on-year due to lower fuel prices and increased capacity. In addition, the bank expects Chinese airlines to achieve a net profit in the 20

Jingu Finance NewsNov 7 21:06 ET

Hong Kong stock concept tracking | Trump's victory is bearish for oil prices. The aviation sector benefits from the drop in oil prices (with concept stocks).

Citi: Trump's re-election may create downward pressure on oil prices until 2025.

Zhitong FinanceNov 6 21:50 ET

Great Fortune: Cuts profit forecasts for three major state-owned airlines, China Southern Airlines (01055) and China Eastern Airlines (00670) ratings downgraded.

Dahua Xianyan expressed that the performance of the three major airlines did not meet expectations due to slightly higher costs than expected, coupled with a decline in yield.

Zhitong FinanceNov 4 04:17 ET

【Industry Trends】The wave of retiring photovoltaic equipment is looming; the real estate market's 'Silver 10' surpasses 'Golden 9'.

With the upcoming retirement wave of photovoltaic equipment, the centralized retirements of domestic photovoltaic equipment are imminent due to the batch replacement caused by the renewal of photovoltaic equipment and the initial wave of scrap photovoltaic equipment, photovoltaic waste has become an eco-friendly concept. Some experts have pointed out that the extraction of silver, silicon, and other materials from photovoltaic waste requires higher technical requirements and stricter management. Improper disposal can lead to serious pollution of soil and groundwater. Strengthening eco-friendly supervision throughout the recycling and disposal process is imperative to prevent environmental risks. Source: First Financial, multiple listed airlines' performance improved in the first three quarters of this year, multiple airlines achieved.

Jingu Finance NewsNov 3 20:52 ET

China Southern Airlines' Q3 Profit Falls 24%

MT NewswiresNov 1 01:13 ET