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Air China ( (HK:0753) ) has issued an update.
Air China has entered into a connected transaction with its subsidiary, Air China Cargo, involving the sale of two Trent700 spare engines and one GTCP331-350 spare APU for RMB151.4405 million. This transaction, which falls under the Hong Kong Listing Rules, highlights Air China’s strategic asset management and operational alignment with its subsidiary, potentially impacting its financial positioning and stakeholder interests.
The most recent analyst rating on (HK:0753) stock is a Buy with a HK$5.90 price target. To see the full list of analyst forecasts on Air China stock, see the HK:0753 Stock Forecast page.
More about Air China
Air China is a major airline company based in the People’s Republic of China, primarily engaged in providing air transport services for passengers and cargo. It operates both domestic and international flights, positioning itself as a key player in the aviation industry.
Average Trading Volume: 21,064,700
Technical Sentiment Signal: Buy
Current Market Cap: HK$132.6B
Find detailed analytics on 0753 stock on TipRanks’ Stock Analysis page.