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Express News | China Southern Airlines Group's seventh CIIE transaction purchase amount is 1.549 billion US dollars
Express News | The 12th meeting of the 14th National People's Congress Standing Committee: Deepening revitalization and utilization to improve the efficiency of state-owned asset management.
Direct land passenger transport from Macau to Hong Kong Airport is on the rise, with an expected annual passengers carried of approximately 0.2 million.
According to the report, Chen Wenyu, Deputy General Manager of the cross-border land passenger transport company in Hong Kong and Macau, stated that this year the company's passenger transport growth trend is better than last year, with the 'Hong Kong-Macau Express' passenger volume increasing by about 30% annually. The seat occupancy rate on holiday routes is 70% to 80%, while on weekdays it is about 40%, basically meeting the current passenger demand.
Dahua Jixian: Major state-owned airlines' profit forecasts cut, rating downgraded for China South Air (01055) and China East Air (00670).
Dahua Jixian expressed that the performance of the three major airlines was not as ideal as expected due to slightly higher costs than expected, coupled with a decline in yields.
Dah Sing lowered the rating of China Southern Airlines (01055.HK) to "hold" and downgraded Eastern Airlines (00670.HK) to "sell", cutting the profit forecast for the three major airlines.
Dahua Jixian released a research report stating that the three major state-owned airlines in the mainland turned losses into profits in the strong seasonal third quarter, but their core performance still slightly below expectations, with core operating profit down 19% to 29% year-on-year. Dahua Jixian stated that the underperformance of the three major airlines was due to costs slightly higher than expected, coupled with a decline in yield. Due to aviation industry overcapacity and weak balance sheets of major airlines, the industry maintains a "shareholding" rating. Based on the recent stock price rebounds of China Southern Airlines (01055.HK) and China Eastern Airlines (00670.HK), the ratings of the two companies are downgraded accordingly.
Express News | The three major airlines all had revenue exceeding one trillion! Most airlines realized profits in the first three quarters, and the fourth quarter is expected to be 'not weak in the off-season'.
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