China Southern Airlines Company Limited Class H ( (HK:1055) ) has issued an update.
China Southern Airlines has announced its authorization for Xiamen Airlines to provide financial guarantees to several of its subsidiaries, including Hebei Airlines, various aircraft lease companies, Jiangxi Airlines, and Shangzhou Aviation Logistics. The total guarantee amount is substantial, with a maximum balance of RMB3,610 million for Hebei Airlines and varying amounts for other subsidiaries. This move highlights the company’s strategy to support its subsidiaries’ financial stability and growth, though it also raises concerns due to the total guarantees exceeding 100% of the company’s latest audited net assets, with some subsidiaries having high asset liability ratios.
More about China Southern Airlines Company Limited Class H
China Southern Airlines Company Limited is a major airline in the People’s Republic of China, providing passenger and cargo air transportation services. It operates in the aviation industry, focusing on expanding its market presence through strategic partnerships and financial arrangements.
YTD Price Performance: -22.06%
Average Trading Volume: 16,663,110
Technical Sentiment Signal: Buy
Current Market Cap: HK$95.54B
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