Eastern Airlines, which continued to grow in volume in June, shares a notable rise this morning, with shares rising 6.59% per cent to HK $1.94 a half time, to 29.3 million shares. The new report said that the unit was given a rating of HK $1.8, which was 8.6 times times the current business's projected corporate value and earnings before deduction of interest tax depreciation and amortization, at a discount of 7% per cent of the market price. By virtue of the synergy of the merger, the profitability of Eastern Airlines and Shanghai Airlines is expected to improve gradually. China Eastern Airlines also attracts more strategic investors by forming a single aviation group in Shanghai. Dafo said that the pick-up in traffic and the fall in fuel prices were the main growth drivers for the core business of Eastern Airlines, while some fuel hedging losses were set or can be reimbursed after fuel prices rebounded from the beginning of the year. Excluding the impact of the above business merger, China Eastern Airlines is expected to reduce the loss of 09 to 581 million yuan, loss of 0.092 yuan per share.
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