Information Provided By:
Fly News Breaks for May 14, 2019
ZNH
May 14, 2019 | 08:25 EDT
As previously reported, Morgan Stanley analyst Edward Xu downgraded China Southern Airlines H-shares to Equal Weight, while also lowering his rating on China Southern Airlines A-shares to Underweight, citing the increasing risk of RMB depreciation due to the recent escalation of trade tensions between the U.S. and China. After the U.S. announced it would introduce tariffs on certain Chinese goods in June 2018, Chinese airlines stocks underperformed the market, noted Xu, who is concerned that the same could happen in the second half of this year. He also sees the potential for a demand impact if trade tensions continue, the analyst said.
News For ZNH From the Last 2 Days
There are no results for your query ZNH