Caitong Securities: Freight demand remains resilient; passenger transport awaits oil price decline

The continued improvement in the medium- to long-term supply-demand dynamics of the aviation industry will support an upward trend in airfares. Should oil prices decline, profit elasticity is expected to become evident.

Zhitong FinanceSep 4 10:55

Express News | Investment Calendar: Key Capital Market Events to Note on Friday

① One new stock was listed today: Huahui Intelligent (920289) on the Beijing Stock Exchange. ② Shenzhen Securities Information Co., Ltd. is scheduled to release the ChiNext Chip Index on September 4. ③ The 32nd APEC SME Ministers' Meeting will be held on September 4. ④ Xiaomi will make its debut at the IFA Berlin on September 4 (local time), launching its first mid-size foldable flagship smartphone, the Xiaomi 18 Fold, and showcasing its CyberOne robot overseas for the first time. ⑤ Air China will launch a Beijing-Bucharest-Zagreb route on September 4. ⑥ CNY 20 billion worth of 7-day reverse repurchase agreements will mature today. ⑦ Key data releases today include the U.S. unemployment rate for August and the seasonally adjusted non-farm payrolls for August.

BreakingsSep 4 08:29

Major Bank: HSBC Research Cuts Target Prices for Mainland China’s Three Major Airline Stocks; Downgrades China Eastern Airlines (00670.HK) to "Reduce"

HSBC Global Research issued a report stating that the three major mainland Chinese airline stocks recorded a combined loss of approximately RMB 8 billion in the first half of the year (with a standalone loss of RMB 13 billion in the second quarter). Although revenue grew by 10% to 11% and yields improved by 5% year-on-year, fuel costs surged by 35% to 38%. Coupled with a lack of pricing power to pass on these costs, losses widened. Despite intervention by the National Development and Reform Commission (which cut aviation fuel prices by approximately RMB 1,000 per ton in April and froze prices in May), rising fuel costs completely offset revenue growth. The bank estimates that without price caps, losses in the first half would have expanded by an additional RMB 3 billion. Xia

AASTOCKSSep 2 17:39

HK Stocks in Focus | Airline Shares Fall Across the Board; Air China Drops 4% as US-Iran Tensions Continue to Push Up International Oil Prices

Gelonghui, September 2 – Hong Kong-listed airline stocks declined collectively. Among them, Air China fell 4%, China Southern Airlines dropped 3.8%, while Cathay Pacific and China Eastern Airlines each declined by nearly 3%. On the news front, geopolitical tensions, including those involving Iran, have kept international oil prices at elevated levels, leading to a significant rise in aviation fuel costs. As aviation fuel represents the largest single cost item for airlines, the high-oil-price environment has directly weighed on sector stock prices. Institutional estimates indicate that the aviation industry is most significantly impacted by oil price fluctuations; for every 1% increase in oil prices, the projected earnings of China Southern Airlines, China Eastern Airlines, and Air China are expected to decline by approximately 4.3%, 4.1%, and 3.2%, respectively. From the disclosed

Gelonghui FinanceSep 2 09:40

Hong Kong Stock Market Watch: Airline stocks continue to decline as jet fuel prices face renewed upside volatility risks; market concerns over airline earnings persist.

Airline stocks continued to decline. As of press time, Cathay Pacific Airways (00293) fell 3.28% to HK$13.58; China Eastern Airlines Corporation (00670) dropped 2.79% to HK$2.61; China Southern Airlines Company (01055) declined 2.77% to HK$2.985; and Air China (00753) slipped 2.64% to HK$3.695.

Zhitong FinanceSep 2 09:33

Brent Crude Returns to $94: Strait of Hormuz Remains Open, Yet Oil Prices Surge Over 50% Year-to-Date

On September 1, the settlement price of Brent crude oil futures stood at $94.65 per barrel, up $4.16, or 4.6%, on the day. Rewinding to the first trading day of this year, Brent was hovering around $62 per barrel. In other words, in less than eight months, the price of this most important global benchmark for crude oil has risen by more than half. Yet on that day, the Strait of Hormuz was not closed. The U.S. Central Command stated that it had assisted nearly 1,500 merchant vessels in passing through the strait over the past few months, facilitating the transport of nearly 750 million barrels of crude oil. Meanwhile, Iranian authorities claimed they had "allowed vessels to temporarily pass through specific lanes in the middle of the strait," and that future passage would require both sides to sign...

businesstimes cnSep 2 09:17