Top China ADR Portal

China ADR stock research

CEA bottoming out!

E-mail Print PDF

narrow_range2 April 26, 2012 (Chinavestor) Shares of China Eastern Airlines (HKG:0670) continued to recover from 6 months lows on Thursday. Given a five day winning streak, investors may have to prepare for profit taking. Hong Kong listed H-shares of the company surged 14.2% in the last five trading day, as the following chart suggests.

0670_20120426

But this company is not just for swing traders. Chinese aviation industry has been steadily developing along China's economic development and is the second largest market for aircraft manufacturers. Read Chinese aviation industry overview for additional coverage.

U.S. investors have access to two CHine3se airliners listed on the NYSE: China Southern Airlines (NYSE:ZNH) and China Eastern Airlines (NYSE:CEA). These are the first two largest carrier in China in terms of fleet size. Given New York is not the home market for these companies listings, NYSE listed CEA and ZNH prices tend to follow prices of Hong Kong and Shanghai. Expect a similar rebound in the ADR price as well.



If you like us, spread the word to the fellow investors on your favorite Social Bookmarking websites
Reddit! Del.icio.us! Mixx! Free and Open Source Software News Google! Live! Facebook! StumbleUpon! TwitThis Joomla Free PHP
 

!!! CHINAVESTOR.COM is for SALE !!!

BUY this domain with all its credentials. Chinavestor.com has been added to Google News and Finance since 2008! Huge web traffic upside potential! Website is optimized for Chinese stocks but can easily be tweaked. Contact Seller Here

sale1
G_news
Check out The Benefits of Getting into Google News!