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China Southern Airlines Company Limited Class H ( (HK:1055) ) has issued an update.
China Southern Airlines Company Limited has authorized Xiamen Airlines to provide guarantees to its subsidiaries, including Hebei Airlines and various Xiamen Airlines leasing entities. The guarantees, totaling up to RMB 5,759 million, are within the expected amounts and do not require counter-guarantees. This move is part of the company’s strategic financial management, potentially enhancing operational flexibility and supporting subsidiary growth.
The most recent analyst rating on (HK:1055) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on China Southern Airlines Company Limited Class H stock, see the HK:1055 Stock Forecast page.
More about China Southern Airlines Company Limited Class H
China Southern Airlines Company Limited is a major airline based in the People’s Republic of China. It operates in the aviation industry, providing passenger and cargo air transportation services. The company has a significant market presence, focusing on both domestic and international routes.
Average Trading Volume: 19,261,534
Technical Sentiment Signal: Buy
Current Market Cap: HK$118.2B
Learn more about 1055 stock on TipRanks’ Stock Analysis page.