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4-Traders Homepage  >  Equities  >  SHANGHAI STOCK EXCHANGE  >  China Southern Airlines Co Ltd    600029   CNE000001FG0

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China Southern Airlines : Southern Chinese city offers huge rewards to airline companies

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12/05/2016 | 07:20am CET

A Chinese city will share 200 million yuan (29 million U.S. dollars) among 37 Chinese and foreign aerial companies and a local airport to support the opening of new air routes.

According to the government of Haikou, capital city of south China's island province of Hainan, China Southern Airlines received about 26 million yuan, the largest amount awarded among the recipients.

The passenger throughput of Haikou Meilan International Airport has posted growth of 16 percent this year.

The local government hopes the rewards could help expedite development of new air routes connecting the city with the rest of the world and promote its tourism.

(c) 2016 Shanghai Daily Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ( CNY)
Sales 2016 114 684 M
EBIT 2016 11 777 M
Net income 2016 5 945 M
Debt 2016 91 764 M
Yield 2016 1,61%
P/E ratio 2016 12,67
P/E ratio 2017 13,41
EV / Sales 2016 1,36x
EV / Sales 2017 1,27x
Capitalization 64 275 M
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Mean consensus HOLD
Number of Analysts 19
Average target price 6,18  CNY
Spread / Average Target -18%
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Managers
NameTitle
Wan Geng Tan Vice Chairman, President & CEO
Fu Pan Chairman-Supervisory Board
Zi Fang Zhang Chief Operating Officer & Executive Director
Li Xin Xiao Chief Financial & Accounting Officer
Chen Jie Hu Chief Information Officer
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