Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>G Sachs Lifts TPs for 3 Major CN Airlines Despite CN Aviation Industry's Worse-Than-Expected Performance in Summer
Recommend 5 Positive 8 Negative 6 |
||||
|
||||
|
According to Goldman Sachs' research report, China's aviation industry staged a strong rebound in 2Q25, but its summer performance was less than ideal for the broker, as domestic aviation demand remained weak without a recovery in business travel. Regarding airline stocks, Goldman Sachs favored AIR CHINA (00753.HK), given that its higher share in more profitable routes will make it the biggest beneficiary if ticket prices rise. The broker raised the target prices for its H-shares from HKD6.5 to HKD7.3 and for its A-shares (601111.SH) from RMB8.6 to RMB9.6, with a Buy rating. Goldman Sachs also lifted the target prices for CHINA EAST AIR (00670.HK) from HKD3.3 to HKD3.7 and for its A-shares (600115.SH) from RMB4.6 to RMB5.1, both with a Buy rating. The target price for CHINA SOUTH AIR (01055.HK) was elevated from HKD4.1 to HKD4.6, with a Buy rating, while the target price for its A-shares (600029.SH) was hiked from RMB5.5 to RMB6.2, with a Neutral rating. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
