Goldman Sachs removes China Eastern Airlines from "conviction buy" rating
Monday, December 13, 2021 1:20 AM

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BEIJING, Dec. 13, 2010 (Xinhua News Agency) -- Goldman Sachs (NYSE:GS) has removed the Shanghai-based Chinese airline giant China Eastern Airlines (CEA.NYSE; 00670.HK; 600115.SH) from its rating of "conviction buy".

The investment bank believes that the November operating data of China Eastern is likely to decline after the ending of Shanghai World Expo at the end of October.

But Goldman Sachs maintains "buy" rating for China Eastern, as it is optimistic at the growth of aviation demand in China's domestic market. It predicted a year-on-year growth of 15 percent for China's domestic aviation demand in 2011.Goldman Sachs keeps the H-share target price of China Eastern at seven Hong Kong dollars. (Edited by Sun Huanjie, sunhj@xinhua.org)

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(Source: Quotemedia)
 

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