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Air China, Nomura reiterates buying a 4.92-dollar view

Source: Internet
Author: User
Keywords Hong Kong dollar Air China
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China's H shares traded lightly in the morning, trading at HK $3.8 and 4000 shares.　　Nomura issued a report saying it maintained the stock's buying rating, but set its target price from HK $4.27 to HK $4.92 (based on a 1.9 times-fold price-book value for fiscal year 2010), at a premium of 29% per cent. Nomura, the average price for the 2009 fiscal year is expected to increase from 48 U.S. dollars per barrel to 58 U.S. dollars, Air China's 2009 fiscal year profit forecast will be higher 16.5%. The company is expected to benefit from fuel hedging, increased demand for domestic delivery and new ticket pricing mechanisms in fiscal year 2009.

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