ENTITY
Air China Ltd (H)

Air China Ltd (H) (753 HK)

503
Analysis
IndustrialsChina
Air China Limited provides passenger, cargo, and airline-related services in China. The Company is primarily based in Beijing and a major hub for domestic and international air transportation. Air China's airline-related services include aircraft maintenance, repair, overhaul service, ground services, and in-flight catering services.
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29 Apr 2024 08:00

Air China (753 HK): Steering Back to the Right Lane

Exchange losses, lower load, and higher jet fuel prices dragged 1Q24 despite record revenue. However, an 8.3pp YoY margin expansion and a 4% unit...

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10 Apr 2024 07:30

China Pair Trade Idea: Long Air China (753 HK), Short CSA (1055 HK)

​Air China has lower USD debt than CSA, making it less exposed to Rmb depreciation. Recovery of international traffic will lower unit costs and...

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15 Mar 2024 08:58

Air China (753 HK): Up Stakes in CX?

With the significant improvement in profit at Cathay Pacific in FY23 and the sustained recovery in international traffic, Air China has an even...

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27 Dec 2023 08:00

2024 High Conviction: Air China (753 HK) - Update on Proposed Share Placement

​Air China plans to raise Rmb6bn and HK$2bn through a new share placement to its parent. This will enhance book value by 11.5% and lower gearing by...

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22 Nov 2023 08:00

2024 High Conviction: Air China (753 HK) - What Comes Down Must Go Up

​Air China will have a solid ROE recovery and an inexpensive P/B in 2024. It will benefit from lower US rate and Rmb appreciation. Meanwhile,...

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