Ping An Securities maintains a neutral rating of Air China Limited(601111) , and its net profit is expected to increase by 42.89% year-on-year in 2021

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Ping An Securities issued a research report on August 31, maintaining a Air China Limited(601111) neutral rating. Ping An Securities predicts that the net profit attributable to the parent company in Air China Limited(601111) 2021 will be -8.229 billion yuan, a year-on-year increase of 42.89%.

Main financial indicators and valuation

2021E

2022E

2023E

Total operating revenue (100 million yuan) 88.4811223 billion yuan one hundred and ninety-one thousand four hundred and eighty-six point one seven

Net profit attributable to parent company (RMB 100 million) -8229.7 million nine hundred and fifty-two point eight one

Earnings per share (yuan) -0.570 fifty point three six

Net assets per share (yuan) 4.774 eight hundred and twenty-five point one six

Price earnings ratio (PE) -12.7146 nine hundred and nineteen point seven

Price to book ratio (PB) 1.51 fifty-one point four

Return on net assets (%) – 11.917

Note: the data is obtained from the text of the research report.

Air China Limited(601111) in the past month, it has attracted the attention of 5 research reports of securities companies, with an average target price of 9.79 yuan. The detailed data of the research report are shown in the table below:

Research report date

Organization abbreviation

Target price

This rating

details

On August 31, 2021, Ping An Securities – neutral’s performance in the second quarter improved significantly, and it was difficult to turn around losses during the year

On August 30, 2021 China Industrial Securities Co.Ltd(601377) – the business volume of prudent overweight recovered, and the loss decreased significantly year-on-year in the second quarter

2021-08-29 Huatai Securities Co.Ltd(601688) 10.68 2q buying losses narrowed significantly, waiting for the Chinese epidemic to subside

August 29, 2021 Huachuang securities 8.9 recommended comments on the 2021 interim report: benefiting from the appreciation of RMB and the recovery of the Chinese market, the company took many measures to improve its operation efficiency, resulting in a loss of only 580 million in Q2

2021-08-29 China International Capital Corporation Limited(601995) 9.8 outperformed the industry, 2q21 performance slightly exceeded expectations, and the investment loss narrowed significantly year-on-year

Disclaimer: This article is based on big data production and is for reference only. It does not constitute any investment suggestions. Therefore, the operator shall bear the operational risk.

 

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