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Chinese airline stocks outperform A-share market Thu.

Posted on: Thu, 05 Nov 2009 02:57:00 EST

Symbols: EALN, AICAF

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BEIJING, Nov 05, 2009 (Xinhua via COMTEX) --
EALN | Quote | Chart | News | PowerRating -- Chinese airlines stocks outperformed
the A-share stock market Thursday.

The A-shares of the three Chinese airline giants China Southern
Airlines (ZNH.NYSE; 01055.HK; 600029.SH), Air China (601111.SH;
0753.HK) and China Eastern Airlines (CEA.NYSE; 00670.HK; 600115.SH)
gained 4.46 percent, 3.97 percent and 5.09 percent, respectively,
outperforming the benchmark Shanghai Composite Index, which rose 0.85
percent to close at 3.155.05 points.

The Chinese airlines stocks were stimulated by China Securities
Regulatory Commission (CSRC)'s approval on the A-share issue scheme
of China Eastern, which plans to place 1.35 billion A-shares and no
more than 490 million H-shares, aiming to raise seven billion yuan.

The airline stocks are also supported by China's central
government's official approval on the Shanghai Disneyland Project,
announced by the Shanghai municipal government Wednesday. Many
Chinese airlines hold the plan to open Disneyland flight routes in
the future upon the settlement of the Disneyland project in Shanghai.

The A-shares of Shanghai Airlines (600591.SH) and Hainan
Airlines (600221.SH) also surged 4.99 percent and 8.55 percent,
respectively, on Thursday.

For full details on (EALN) EALN. (EALN) has Short Term PowerRatings at TradingMarkets. Details on (EALN) Short Term PowerRatings is available at This Link.

For full details on (AICAF) AICAF. (AICAF) has Short Term PowerRatings at TradingMarkets. Details on (AICAF) Short Term PowerRatings is available at This Link.

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