Air China 0753

Re: Air China 0753

Postby winston » Wed May 06, 2015 11:03 am

vested

30 Apr, 2015

AIR CHINA (00753.HK) 1Q net profit jumps 17x to RMB1.675B

AIR CHINA (00753.HK) announced its fist quarter results ended 31 March 2015. In accordance with China Accounting Standards of Business Enterprises, it recorded an operating revenue of RMB25.261 billion, up 3.5% year-on-year.

The net profit surged by 17 times to RMB1.675 billion. That was mainly attributable to the year-on-year increase in revenue as a result of optimized operational arrangement and increased capacity deployment as well as the effective cost control and the year-on-year decrease in aviation fuel cost. EPS equaled 14 fen.

Source: AAStocks Financial News
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Re: Air China 0753

Postby winston » Wed Feb 17, 2016 9:37 pm

not vested

The company is one of the “big three” airline carriers in China.

Thanks to the substantial decrease in the price of aviation fuel, the company expects that net profit will rise 60% to 80% on a year on year basis from Rmb3.7b in 2014 to at most Rmb6.8b in 2015.

Industry wise, domestic pax carriage rose 10% yoy while international pax carriage increased 27% yoy in the first 10 months of 2015 and the sector should continue to experience growth because of a continuous rise in disposable income in China.

On the valuation front, Air China is trading at 0.68x 2016F PB, which is more than -1S.D. from the historical mean which makes the stock look attractive.

Source: UOBKH
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Re: Air China 0753

Postby winston » Wed Sep 26, 2018 9:56 am

not vested

AIR CHINA(753)

Analysis:

In 1H18 the company's revenue rose by 12% to RMB64.24bn, while profit attributable to shareholders climbed by 4.1% to RMB3,476bn.

Air passenger revenue was RMB56.894bn, up by 11.55% yoy.

Among the air passenger revenue, the increase of capacity contributed an increase of RMB6,347mn (ASKs reached 133,799mn, up by 12.44% yoy), and the drop of passenger load factor brought a decrease of RMB388mn ( passenger load factor was 80.48%, down by 0.54ppt).

The air transport market of the PRC has a general balance between supply and demand where there was a strong need for domestic travel and a modest need for international/regional travel.

However, the relatively fast-growing transport capacity has surpassed the growing demand. Concerns also include oil price rebounding and currency depreciation.

Strategy:
Buy-in Price: $7.4 3, Target Price: $8.50, Cut Loss Price: $6.80

Source: Phillips
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