00670 Overview

Market Performance: The HSI fell by 2.1% to close at 26,059, with significant declines in the HSCEI and HSTECH, while total market turnover reached $357.679 billion.

Oil and Gold Stocks Rise: Oil prices increased, boosting stocks like PETROCHINA and CNOOC by over 4%, while gold prices also rose, positively impacting companies such as SD GOLD and ZHAOJIN MINING.

Airlines and Financials Decline: Airlines faced losses due to disruptions in Middle East routes, with CHINA SOUTH AIR and CHINA EAST AIR dropping over 8%, while major financial institutions like HSBC and BOC HONG KONG also saw declines.

Chinese Developers and Insurers Struggle: Chinese developers like SUNAC and CHINA VANKE experienced significant drops, while insurers and brokers also faced losses, reflecting broader market concerns.

Spring Festival Tourism Growth: Domestic tourist volume in Mainland China increased by 19% YoY to 596 million trips, with tourism spending also rising by 19% YoY to RMB803 billion, while outbound tourist volume grew by 24% YoY to 4.8 million trips.

Hotel and Airline Performance: The hotel industry saw mid to high single-digit percentage growth in RevPar, and airline ticket prices exceeded expectations, with domestic routes up 7% YoY and international routes up 15% YoY.

Macau's Gaming Revenue: Macau's average daily gross gaming revenue (GGR) was MOP786 million, a 5% YoY increase, but fell short of the expected MOP850-900 million due to a lower-than-normal VIP win rate.

Investment Outlook: Goldman Sachs highlighted favorable fundamentals for Buy-rated hoteliers and Macau casinos, as well as airlines, indicating potential growth in these sectors.

Stock Performance: CHINA EAST AIR's stock has decreased by 1.911%, with a short selling amount of $8.62 million and a ratio of 4.734%.

AI Collaboration: The airline has partnered with Alibaba's Qianwen and Fliggy to offer exclusive discounts for users purchasing tickets through the Qianwen app, labeled as "Qianwen Exclusive Price".

Future Plans: CHINA EAST AIR intends to enhance its collaboration with Alibaba to expand its "Air Ticket+" offerings and lifestyle services, aiming for more interactive customer experiences.

Market Information: The stock quote for CHINA EAST AIR is delayed by at least 15 minutes, with short selling data reported as of February 10, 2026.

Airline Industry Outlook: Morgan Stanley predicts a multi-year cyclical improvement in the airline industry, gaining momentum in 2026-2027 due to increased demand, despite low investor confidence.

Target Price Increases: The broker raised target prices for the airline sector by an average of 42% and upgraded the A-shares of three major airlines to Overweight.

Passenger Load Factor Improvement: An estimated annual improvement of 1-2 percentage points in the passenger load factor (PLF) suggests stronger pricing power for airlines.

Optimistic Profit Margin Potential: Morgan Stanley maintains an optimistic view on the supply-driven upcycle for Chinese airlines, indicating potential upside for profit margins if pricing exceeds expectations.

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.

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%.