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China Eastern Airlines Corporation Limited Class H
(0670)
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Rating:45Neutral
Price Target:
HK$2.50
â–Ľ(-35.57% Downside)
Action:Reiterated
Date:09/06/26
The score is held back primarily by high and worsening leverage alongside continued net losses, despite a clear revenue recovery and strong operating/free cash flow. Technically, the stock remains in a downtrend (below major moving averages with negative MACD and weak momentum), and valuation is constrained by negative earnings and no provided dividend yield.
Positive Factors
Revenue recovery and growth
The recovery in revenue indicates improving traffic and commercial activity after the earlier downturn. Continued growth supports network utilization and provides a foundation for operating leverage, although margins remain dependent on yields, capacity and costs.
Negative Factors
Very high leverage
High leverage constrains financial flexibility and leaves the company more exposed to demand weakness, fuel-cost increases and interest-rate movements. It can also limit investment capacity and amplify downside during airline industry downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue recovery and growth
The recovery in revenue indicates improving traffic and commercial activity after the earlier downturn. Continued growth supports network utilization and provides a foundation for operating leverage, although margins remain dependent on yields, capacity and costs.
Read all positive factors
China Eastern Airlines Corporation Limited Class H (0670) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$82.78B
Dividend Yield1.87%
Average Volume (3M)12.82M
Price to Earnings (P/E)―
Beta (1Y)0.77
Revenue Growth13.21%
EPS Growth-12.05%
CountryHK
Employees89,277
SectorIndustrials
Sector Strength72
IndustryAirlines, Airports & Air Services
Share Statistics
EPS (TTM)-0.27
Shares Outstanding5,062,772,000
10 Day Avg. Volume13,410,819
30 Day Avg. Volume12,816,839
Financial Highlights & Ratios
PEG Ratio0.91
Price to Book (P/B)1.88
Price to Sales (P/S)0.51
P/FCF Ratio4.14
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$3.57Price Target Upside-8.08% Downside
Rating ConsensusHold
Number of Analyst Covering4
EPS Forecast (FY)-0.16
Revenue Forecast (FY)HK$160.06B
China Eastern Airlines Corporation Limited Class H Business Overview & Revenue Model
Company Description
China Eastern Airlines Corporation Limited, together with its various subsidiaries, is a prominent entity within the civil aviation industry. Its operations span the People's Republic of China, including Hong Kong, Macau, and Taiwan, as well as nu...
How the Company Makes Money
China Eastern primarily makes money by selling air transportation and related services. The core revenue stream is passenger revenue from scheduled flights, generated through the sale of tickets across different cabin classes and fare types on dom...
China Eastern Airlines Corporation Limited Class H Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
28
Negative
Cash Flow
62
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 147.35B | 139.94B | 132.12B | 113.74B | 46.11B | 66.89B |
| Gross Profit | 5.00B | 7.29B | 5.62B | 1.28B | -28.49B | -14.94B |
| EBITDA | 11.09B | 31.38B | 24.27B | 18.75B | -16.19B | 7.51B |
| Net Income | -2.38B | -1.63B | -4.23B | -8.17B | -37.39B | -13.28B |
Balance Sheet | ||||||
| Total Assets | 297.58B | 291.76B | 276.60B | 282.49B | 285.74B | 288.79B |
| Cash, Cash Equivalents and Short-Term Investments | 5.69B | 7.35B | 4.23B | 12.12B | 17.63B | 13.03B |
| Total Debt | 140.05B | 138.13B | 145.18B | 162.39B | 219.93B | 194.79B |
| Total Liabilities | 260.89B | 252.92B | 235.19B | 241.27B | 255.64B | 231.64B |
| Stockholders Equity | 35.40B | 37.76B | 40.53B | 40.71B | 29.08B | 53.62B |
Cash Flow | ||||||
| Free Cash Flow | 9.36B | 17.15B | 20.98B | 7.91B | -16.49B | -5.12B |
| Operating Cash Flow | 36.09B | 37.94B | 37.31B | 26.57B | -6.47B | 5.69B |
| Investing Cash Flow | -18.02B | -10.77B | -11.18B | -16.07B | -7.29B | 2.15B |
| Financing Cash Flow | -16.06B | -24.08B | -33.93B | -16.79B | 18.35B | -2.53B |
China Eastern Airlines Corporation Limited Class H Technical Analysis
Negative
3.88
Price Trends
3.05
Negative
3.40
Negative
4.16
Negative
Market Momentum
-0.12
Positive
38.24
Neutral
29.54
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0670, the sentiment is Negative. The current price of 3.88 is above the 20-day moving average (MA) of 2.85, above the 50-day MA of 3.05, and below the 200-day MA of 4.16, indicating a bearish trend. The MACD of -0.12 indicates Positive momentum. The RSI at 38.24 is Neutral, neither overbought nor oversold. The STOCH value of 29.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0670.
China Eastern Airlines Corporation Limited Class H Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | HK$87.69B | 6.90 | 22.72% | 6.20% | 19.66% | 35.67% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
46 Neutral | HK$140.16B | -44.46 | -4.67% | 1.03% | 10.90% | -354.38% | |
45 Neutral | HK$82.78B | -32.89 | -6.17% | 1.87% | 13.21% | -12.05% | |
41 Neutral | HK$93.32B | -60.68 | -3.74% | 1.05% | 12.27% | 33.88% |
* Industrials Sector Average
HK:0670
China Eastern Airlines Corporation Limited Class H
2.73
-0.29
-9.77%
HK:0753
Air China
3.82
-1.32
-25.78%
HK:0293
Cathay Pacific Airways
14.50
4.69
47.76%
HK:1055
China Southern Airlines Company Limited Class H
3.08
-0.76
-19.92%
China Eastern Airlines Corporation Limited Class H Corporate Events
China Eastern Airlines Nominates Veteran Aviation Executive Yan Fei to Board
Aug 30, 2026
China Eastern Airlines has nominated Mr. Yan Fei as a candidate for director for the tenth session of its board, with his election to be put to the next general meeting. Yan, currently deputy secretary of the Party Committee of the company and of ...
China Eastern’s Rising Revenue Overshadowed by Wider Interim Loss
Aug 30, 2026
China Eastern Airlines Corporation Limited is one of China’s major state-owned carriers, operating passenger and cargo air transportation services across domestic and international routes. Listed in Hong Kong under stock code 00670, the grou...
China Eastern Airlines Lifts July Traffic and Expands Global Route Network
Aug 14, 2026
China Eastern Airlines reported solid operational growth in July 2026, with passenger capacity up 4.24% year-on-year and traffic volume rising 7.13%, lifting the passenger load factor to 87.11%. Freight traffic volume also increased by 2.77%, refl...
China Eastern Airlines Sets Board Meeting to Approve 2026 Interim Results
Aug 12, 2026
China Eastern Airlines has notified investors that its board of directors will convene on 28 August 2026 to review and approve the group’s unaudited interim results for the six months ended 30 June 2026. The scheduled meeting signals the for...
China Eastern Airlines Clarifies Board Roles and Committee Structure
Jul 30, 2026
China Eastern Airlines has updated its board composition, confirming Wang Zhiqing as chairman and Gao Fei as vice chairman and president, alongside a slate of independent non-executive and employee representative directors. The move underscores th...
China Eastern Airlines Director Resigns Without Impact on Board Operations
Jul 30, 2026
China Eastern Airlines has announced the resignation of director Cheng Guowei, who is stepping down due to changes in his work arrangement and will also leave his roles as chairman and member of the Board’s Planning, Development and Digitali...
China Eastern boosts fleet and international network as June load factor rises
Jul 15, 2026
China Eastern Airlines reported that in June 2026 passenger transportation capacity fell 3.89% year on year, with passenger traffic down 3.36%, yet its load factor improved to 86.61% and freight traffic rose 4.69%, indicating stronger utilisation ...
China Eastern Airlines Warns of Deeper First‑Half 2026 Loss on Surging Fuel Costs
Jul 14, 2026
China Eastern Airlines expects to post a net loss attributable to shareholders of between RMB1.8 billion and RMB2.4 billion for the first half of 2026, with an even larger loss after excluding non‑recurring items, reversing the net loss of R...
China Eastern orders 25 Airbus A330neo jets in fleet expansion push
Jun 26, 2026
China Eastern Airlines has agreed to purchase 25 Airbus A330neo series aircraft under a new aircraft purchase agreement signed with Airbus SAS in Shanghai on 26 June 2026. The aircraft, ordered to support the airline’s fleet structure and ro...
China Eastern Adjusts May Capacity as Load Factor and Cargo Rise
Jun 15, 2026
China Eastern Airlines reported that in May 2026 its passenger capacity fell 5.34% year-on-year and passenger traffic declined 3.63%, but the passenger load factor improved to 86.93% and freight traffic rose 7.38%. The airline continued to adjust ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.