BofAS Raises Price Targets for Three Major Chinese Airlines and Upgrades AIR CHINA to Buy

Written by Emily J. Thompson, Senior Investment Analyst

Source: aastocks

Updated: Jan 20 2026

0mins

00670+2.26%

00753+0.53%

01055+0.93%

Should l Buy 00670?

Source: aastocks

Positive Outlook for Asia-Pacific Airlines: BofA Securities projects strong airline profits in 2026 due to high ticket prices, healthy demand, improved cargo fundamentals, and potential oil supply surplus benefits.
Target Price Adjustments for Airlines: BofA raised target prices for several airlines, including CHINA EAST AIR to HKD2.9 (Underperform), CHINA SOUTH AIR to HKD5.92 (upgraded to Neutral), and AIR CHINA to HKD8.3 (upgraded to Buy).

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00670

$6.33+Infinity%1D

Analyst Views on 00670

Wall Street analysts forecast 00670 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 00670 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

0 Analyst Rating

0 Buy

0 Hold

0 Sell

Current: 6.190

Low

Averages

High

Current: 6.190

Low

Averages

High

BofA Securities

Underperform

Buy

upgrade

2026-01-20

Reason

BofA Securities

Price Target

AI Analysis

2026-01-20

upgrade

Underperform

Buy

Reason

The analyst rating from the BofA Securities report is based on a positive outlook for Asia-Pacific airlines in 2026, driven by several factors: sustained high ticket prices due to limited supply growth, healthy demand, improved cargo fundamentals, and potential benefits from an oil supply surplus. Specifically, the ratings for individual airlines reflect adjustments in target prices and expectations of performance, with upgrades for Air China and China Southern Airlines indicating improved confidence in their future profitability.

HSBC

HSBC Global Research

maintain

2025-11-26

Reason

HSBC

HSBC Global Research

Price Target

2025-11-26

maintain

Reason

The analyst rating from HSBC Global Research for AIR CHINA, CHINA EAST AIR, and CHINA SOUTH AIR is a "Reduce" due to the direct risk to their earnings posed by the reduction of flights to Japan, which have been highly profitable for these airlines since the pandemic. The extension of flight reductions, particularly covering the lucrative Lunar New Year holiday, is expected to negatively impact their financial performance. In contrast, TONGCHENGTRAVEL and TRIP.COM-S received "Buy" ratings as they are anticipated to benefit from increased domestic travel demand and travelers shifting to other international destinations.

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About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

an image of Midday Update: HSI Ends at 26,724, Down 109 Points; HSTI at 5,347, Down 119 Points; TENCENT Falls Over 3%; XINYI GLASS, TECHTRONIC IND, WHARF REIC, YANKUANG ENERGY, and CHINA EAST AIR Reach New Highs

Midday Update: HSI Ends at 26,724, Down 109 Points; HSTI at 5,347, Down 119 Points; TENCENT Falls Over 3%; XINYI GLASS, TECHTRONIC IND, WHARF REIC, YANKUANG ENERGY, and CHINA EAST AIR Reach New Highs

1 day agoaastocks

Market Performance: The HSI dropped 109 points (0.4%) to 26,724, while the HSTI fell 119 points (2.2%) to 5,347, and the HSCEI decreased by 48 points (0.5%) to 9,004.
Active Heavyweights: Major stocks like TENCENT, XIAOMI, and MEITUAN saw declines, with TENCENT down 3.4% and XIAOMI down 2.6%, while BABA fell 0.9%.
Notable Movers: XINYI GLASS and CHINA SHENHUA experienced significant gains, with XINYI GLASS up 6.2% and CHINA SHENHUA up 5.4%, while TRIP.COM-S dropped 6.1%.
Short Selling Trends: High short selling ratios were observed in several stocks, including XIAOMI (20.155%) and MEITUAN (17.261%), indicating increased bearish sentiment among investors.

CHINA EAST AIR Anticipates Net Loss for Shareholders Between Approximately RMB 1.3 Billion and RMB 1.8 Billion Last Year

3 days agoaastocks

Profit Forecast: CHINA EAST AIR (00670.HK) anticipates a total profit of approximately RMB200-300 million for the year 2025, in line with the China Accounting Standards for Business Enterprises.
Stock Performance: The company's stock has seen an increase of +0.090 (+1.661%).
Short Selling Activity: There is a reported short selling amount of $28.66 million.
Short Selling Ratio: The short selling ratio stands at 26.187%.

AH Smart Index Removes CEA/TSINGTAO BREWERY and Adds SANY HEAVY INDUSTRIES/SERES

6 days agoaastocks

Index Review Announcement: The China Securities Index Company and Hang Seng Indexes Company released the half-yearly review results for the Hang Seng CSI Shanghai-Hong Kong AH Smart Index, which includes the largest 50 AH companies under the Shanghai-Hong Kong Stock Connect programme.
Constituent Changes: The index maintains 50 constituent companies, with SANY HEAVY INDUSTRIES and SERES being newly included, while CEA and TSINGTAO BREWERY were excluded.
Future Share Class Determination: The share classes of the companies included in the index will be determined in March 2026, aligning with the monthly share class switching exercise.
Market Data: The report includes short selling data for the excluded companies, indicating significant short selling activity and ratios for both CEA and TSINGTAO BREWERY.

Deadline for Free Ticket Changes and Refunds on CN-JP Routes Extended to October 24

Jan 26 2026aastocks

Airline Ticket Policy Update: Air China, China Eastern Airlines, and China Southern Airlines have announced a new policy allowing free changes or refunds for tickets issued before January 26, 2026, for flights to, from, or transiting through Japan.
Initial Policy Scope: The free change and refund policy was initially limited to flights scheduled before March 28, 2026, but has now been expanded to include a broader range of tickets.

an image of Midday Update: HSI Ends at 26,552, Down 11 Points; HSTI at 5,711, Down 38 Points; POP MART Rises Over 8%; LUK FOOK HOLD, NANSHAN AL INTL, CHINA EAST AIR, CTG DUTY-FREE, and CHINA TAIPING Reach New Highs

Midday Update: HSI Ends at 26,552, Down 11 Points; HSTI at 5,711, Down 38 Points; POP MART Rises Over 8%; LUK FOOK HOLD, NANSHAN AL INTL, CHINA EAST AIR, CTG DUTY-FREE, and CHINA TAIPING Reach New Highs

Jan 20 2026aastocks

Market Performance: The Hang Seng Index (HSI) closed down 11 points at 26,552, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also experienced declines.
Active Heavyweights: Notable stocks included Xiaomi and Tencent, both down approximately 1.5%, while Ping An saw a slight increase of 1.1%.
Top Gainers and Losers: Pop Mart surged by 8.5%, while Wuxi AppTec fell by 4.6%. Other significant movers included China Overseas and China Res Land, both showing positive gains.
Short Selling Activity: High short selling ratios were observed across various stocks, with Xiaomi and Meituan leading in short selling amounts, indicating market caution.