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Air China rises 2% blessing to maintain buying rating

Source: Internet
Author: User
Keywords Air China will
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Air China (00753-HK) is now 2.32%, reporting 3.53%, following the rally in Hong Kong's big city. Tai Fook Securities maintained its buying rating and the target price was adjusted to HK $4, equivalent to 8 times times the forecast of earnings per share before interest tax, and 2.2 times times the nominal value; continued growth in traffic flows and falling fuel prices could be the main drivers of the company's core business, and a sustained rebound in fuel prices from the start of the year would allow the company to pull back from hedging losses.

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