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China Eastern Airlines Corporation Ltd. (CEA) [hlAlert]

up 42.86 %

China Eastern Airlines Corporation Ltd. (CEA) upgraded to Overweight with price target $26 by HSBC Securities

Posted on: Tuesday,  Apr 30, 2013  8:25 AM ET by HSBC Securities

HSBC Securities rated Overweight China Eastern Airlines Corporation Ltd. (NYSE: CEA) on 04/30/2013, when the stock price was $20.18.
Since then, China Eastern Airlines Corporation Ltd. has gained 42.86% as of 09/09/2015's recent price of $28.83.
If you would have followed this HSBC Securities's recommendation on CEA, you would have gained 42.86% of your investment in 862 days.

China Eastern Airlines Corporation Limited (China Eastern) is a China-based air carrier. The Company, together with its subsidiaries, is principally engaged in the operation of civil aviation, including the provision of passenger, cargo, and mail delivery and other extended transportation services. The Company is primarily focused in the provision of domestic, regional and international passenger airline services. China Eastern operated approximately 6,090 scheduled flights per week (excluding charter flights), serving a route network that covers 134 cities within China and abroad. During the year ended December 31, 2008, it operated a total of approximately 423 routes. As of December 31, 2008, the Company accounted for approximately 19.3% of the total commercial air traffic handled by Chinese airlines. The Company operates primarily from Shanghai?s Hongqiao Airport and Pudong International Airport.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/30/2013 8:25 AM Buy
20.18 26.00
as of 12/13/2013
1 Week down  -4.19 %
1 Month up  13.42 %
3 Months up  11.18 %
1 YTD down  -4.95 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/28/2013 8:25 AM Hold

(*) Stock Price at the time of the recommendation.
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