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Industry Watch

China Eastern to benefit over $25 million from tax exempt rule

China Eastern to benefit over $25 million from tax exempt rule
May 7, 2010 (Chinavestor) China Eastern Airlines (NYSE:CEA) (HKG:0670) (SHA:600115), the second largest Chinese carrier after the merger with Shanghai Airlines, estimates that net effects of the tax exemption rule for international flights will be around RMB171 million ($25.14 million), according to the bourse operator HongKong Exchanges and Clearing (HKG:0388) or HKEx. It is estimated that the new regulation will boost the bottom line of Air China (HKG:0753), originating the most international travel from Beijing, by over $30 million.
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Industry Watch

ZNH estimates business tax exempt status to bring RMB113 million

ZNH estimates business tax exempt status to bring RMB113 million May 7, 2010 (Chinavestor) China Southern Airlines (NYSE:ZNH) (HKG:1055) (SHA:600029), the largest Chinese airliner in terms of fleet size, estimates that net effects of the tax exemption rule for in...
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Industry Watch

CAAS 2010 Q1 beats expectations, forecasts flat

CAAS 2010 Q1 beats expectations, forecasts flat May 6, 2010 (Chinavestor) Shares of China Automotive Systems (NASDAQ:CAAS), an investor in Chinese car parts makers, jumped 7.40% or $1.43 to $20.75 on Thursday morning by 10:30 following better-t...
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Industry Watch

CAAS tumbles before 2010 Q1 earnings

CAAS tumbles before 2010 Q1 earnings May 5, 2010 (Chinavestor) Shares of China Automotive Systems, Inc. (NASDAQ:CAAS) fell sharply in the first ten minutes of trading on Wednesday. The stocks is trading at $18.25 at 9:40 A.M.,  a lo...
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Industry Watch

UPDATE: China Southern Airlines remains explosive

UPDATE: China Southern Airlines remains explosive April 23, 2010 (Chinavestor) We just published an article yesterday about China Southern Airlines (NYSE:ZNH) arguing that the stock has more upside - at least for the short term. Then its Hong Kong l...
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