Eastern Airlines: MACD has the potential to turn the fork to show a low rebound opportunity

This year China's civil aviation industry is in a high prosperity, the aviation industry environment is relatively good, oil price fluctuations are not small, RMB appreciation and other factors are more favorable to airlines. In January-September, the company realized a net profit of 5.1 billion yuan, which grew more than 3 times times. After the World Expo, the passenger rate of Eastern airlines is still more than 80%, four season off-season will remain profitable.　　The company's performance growth mainly stems from the change of the Oriental aviation Development Way, the strong market demand brought by the Shanghai World Expo, through the route operation, the business cooperation, the product development many efforts, has realized the domestic international and the regional route passenger and freight turnover volume and the transportation rapid growth. At present, the new China Eastern Airlines has occupied half of the Shanghai aviation market, accounting for 50% of the shares, merging the synergy effect is increasingly apparent. New Eastern Airlines in the sales system, the introduction of capacity, deployment and scheduling of flights have improved. Corporate personnel streamlining and the introduction of strategic investors has taken the pace of the future in the Alliance cooperation, hub transit, freight integration, international business and other aspects are expected to achieve a major breakthrough.　　It can be expected that China Eastern airlines in the strengthening of operational management routes and cost control, the future growth of huge space. Secondary market, the unit from the highest close to 10 yuan down to the next 7 yuan, the risk of the release of the basic, and the two years from the firm's deterministic performance of high growth and the appreciation of the renminbi expected comprehensive comparative analysis, the current stock prices have underestimated tendencies. Next week the MACD has to turn from green to red gold fork trend, is expected to present a low rebound opportunity to recommend appropriate attention. National Yuan Securities Jiang Shaoping