The Hong Kong stock market extended its downward trend today, with all three major indices closing lower in a broad-based decline. Market sentiment remained weak amid widespread selling pressure. By the close of trading: The Hang Seng Index fell 0.88% to 19,795.49 points; The Hang Seng Tech Index dropped 1.45% to 4,414.70 points; The China Enterprises Index declined 0.75% to 7,132.69 points. Investor confi...
Air China's P/S ratio doesn't match its revenue growth, suggesting the market is factoring in potential risks. Investors may foresee revenue instability, normally a share price booster.
The research is done by the respective broker and I do not endorse any of them. Just sharing here for information and reading pleasure. DBS: Air China – Buy Target Price HK$5.60;RMB7.31 - Alpha Edge Investing $AIR CHINA (00753.HK)$$Air China Limited (601111.SH)$
Air China's major liabilities and lack of profitability pose a threat to shareholders. Analysts warn caution due to alarming EBIT loss of CN¥9.7b, urging for substantial improvements before buying shares. Investors are recommended to consider safer stocks free from net debt.
$AIR CHINA (00753.HK)$$CHINA SOUTH AIR (01055.HK)$$CHINA EAST AIR (00670.HK)$ UOB KH has a buy rating with tp of HKD6.32. They have sell ratings on China South Air and China East Air with tp of HKD3.68 and HKD2.35 respectively. Based on their respective preliminary earnings guidance, all three major Chinese airlines were still loss-making in 2Q23, missing their expectations of a turnaround in 2Q23. Excluding one-offs and forex losses (seen by all three airlines), CSA and Air China wer...
Laine Ford : I like it all about China stock too
Laine Ford : like want I read about honking stock too