Air China's Strong 1Q 2018 Result Exceeded Expectation as Forex Gains Offset Higher Fuel Cost Input
No-moat Air China delivered a strong first-quarter result, mainly on foreign exchange gains, with net income rising 81% year on year to CNY 2.6 billion, while revenue rose 9.1% year on year to CNY 31.6 billion. Excluding the one-off, core earnings would still have posted a decent 20% year-on-year growth. The operating data pointed to strong performance, while further pricing liberalization should provide additional bottom-line upside. We maintain our fair value estimate of HKD 7.7 per share and ...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.