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Changes in Hong Kong stocks | The three major airlines continue to be pressured, Eastern Airlines (00670) fell by more than 3% under high fuel costs, and it will still take time for the airline's performance to be realized
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The Zhitong Finance App learned that the three major airlines continued to be under pressure. As of press release, China Eastern Airlines (00670) fell 3.05% to HK$2.54; Air China (00753) fell 2.82% to HK$3.79; and China Southern Airlines (01055) fell 2.5% to HK$2.925.

According to the news, Zhongtai Securities pointed out that in the medium to long term, airlines are currently facing higher fuel costs, and they still have to wait for performance to be realized. There may be repetitions in the stock price repair process, so it is recommended to adjust the low price. Future airline stock prices may be interpreted from the following three stages: Expected recovery. The geological situation has drastically slowed down, high oil prices have declined, expectations of deterioration in fundamentals brought about by rising crude oil costs have been repaired; operations have been repaired. After the aviation fuel supply was fully restored, the oil price center declined substantially, and cost pressure was actually relieved and capacity utilization increased; performance was restored. The crude oil disturbance was completely cleared up, the airline profit center moved upward, and stock prices were once again dominated by improvements in industry supply and demand, and the release of corporate profit flexibility.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
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