Southern Airlines fall 2% Nomura-affected oil price recovery continued loss

Source: Internet
Author: User
Keywords Stock price Hong Kong dollar
Southern Airlines shares fell 1.85% to HK $2.12 in half a half-day, trading 15.57 million shares.  Nomura released its latest report, saying it reiterated the unit's rating, with target prices falling from HK $1.72 to HK $1.58, at a discount of 25% per cent at market prices. Nomura pointed out that the southern airlines did not hedge oil prices, so the rebound in oil prices to hit the most of it, estimated oil prices will continue to record 1.125 billion yuan in 09 (its 08 loss of 4.82 billion yuan).
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