- China Eastern Airlines reports a preliminary net loss between 2.4 billion yuan and 2.9 billion yuan for the first half of 2024.
- The company attributes the expected loss to several factors, including:
- Increased competition in the domestic market.
- High fuel prices.
- Analysts’ recommendations on the stock stand at:
- 13 buy ratings.
- 3 hold ratings.
- 2 sell ratings.
A look at China Eastern Airlines Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 1 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
China Eastern Airlines Corporation Limited, a major player in the civil aviation industry, is poised for a promising long-term outlook based on its Smartkarma Smart Scores. With a perfect score in the Value category and a strong score in Growth, the airline company demonstrates solid fundamentals and potential for expansion. While its Dividend score is lower, the company’s focus on value and growth aspects bodes well for its future performance.
Although China Eastern Airlines shows resilience and momentum in certain areas, there are opportunities for improvement to enhance its overall competitiveness. By capitalizing on its strengths in value and growth, the company can navigate challenges and capitalize on market trends to solidify its position in the aviation sector. Investors may consider the company’s long-term potential as it continues to expand its range of services, including passenger, cargo, and ground transportation offerings.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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