CEA Stock

China Eastern Airlines Corporation Limited (CEA) was a top stock pick based on predictive algorithm recommended to I Know First subscribers on March 6th for the One-Month time horizon. China Eastern Airlines had a signal of 50.73 and a predictability of 0.53. In accordance with the algorithm, the company reported short-term capital gains of 51.96%.

China Eastern Airlines was part of the stock forecast that can be found in the “Top 10 Stocks To Buy” Package.

The full Top 10 Stock Picks forecast includes a daily predictions for a total of 20 stocks with bullish and bearish signals:

• Top ten stocks picks to long
• Top ten stocks picks to short
• S&P 500 forecast

China Eastern Airlines Corporation Limited (CEA) is an air carrier operator in China. The Company provides civil aviation services, including passenger transportation, cargo transportation and mail delivery services. The Company operates its transportation business through its domestic, international and regional transportation lines.

On March 27, 2015, China Eastern  airlines released its 2014 annual report. CEA reported a 45% YOY increase in its net profit, from 2.36 billion Yuan($381M) in 2013 to 3.42 billion yuan ($551M) in 2014 as strong growth in air traffic and lower oil prices more than offset foreign exchange losses. These results were in line with the January estimate of 3.33 billion Yuan to 3.80 billion Yuan in net profit. This solid earnings report has helped lifting sentiment up.

As of March 30th, China’s benchmark Shanghai Composite index concluded a 7-year high with transportation companies such as CEA and ZNH leading the gain. Indeed, as the oil prices continue to drop and the number of routes increasing, Chinese indices are reaching new high despite a weaker currency throughout 2014.

On March 4th, to continue in its expansion, China Eastern Airlines Corp. said that, it ordered a French tax leased A321 in December and that it will receive 4 more aircrafts under the deal during the first half of 2015.