Previous close | 4.140 |
Open | 4.140 |
Bid | 4.000 x 0 |
Ask | 4.010 x 0 |
Day's range | 3.980 - 4.140 |
52-week range | 3.890 - 7.570 |
Volume | |
Avg. volume | 12,506,186 |
Market cap | 113.87B |
Beta (5Y monthly) | 0.76 |
PE ratio (TTM) | N/A |
EPS (TTM) | -0.780 |
Earnings date | N/A |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | 04 Jun 2020 |
1y target est | 6.88 |
(Bloomberg) -- Air China Ltd. has been sounding out advisers in recent months on the possible merits of raising its nearly 30% stake in Cathay Pacific Airways Ltd., according to people familiar with matter, rekindling a long-running idea as the 77-year-old Hong Kong carrier rebounds from the pandemic.Most Read from BloombergNvidia Rises Most in About Nine Months as AI Drives SalesT-Bills Without Tax Bills? This Fund Says It Cracked the CodeUS Unveils Fresh Sanctions on Russia After Navalny’s Dea
We expect stocks like KNOT Offshore Partners (KNOP), Air China (AIRYY) and Alstom (ALSMY) to perform well in 2024, unlike 2023.
Air China plans to raise up to 6.0 billion yuan ($842 million) in a private share sale on the Shanghai Stock Exchange to expand its fleet and replenish working capital, it said on Friday. The flagship carrier is aiming to sell up to 854.7 million shares, equivalent to 30% of its existing capital, to its controlling shareholder China National Aviation Holding Corporation Limited, it said in a statement to the Shanghai exchange. Air China will use 4.2 billion yuan of the proceeds to fund the purchase of 17 airplanes, with the remaining 1.8 billion yuan used to boost its working capital, according to the filing.