CICC: Raises China Eastern Airlines' target price to HK$5.5 and maintains "outperform" rating.

China International Capital Corporation (CICC) released a research report stating that due to the increase in profit forecast for 2026 and as the cycle deepens, the valuation of China Eastern Airlines is expected to rise. The valuation has been switched to 2026 and the target price for China Eastern Airlines' A shares has been raised by 30% to 6.5 yuan, corresponding to a 2026 P/E ratio of 24.4; The target price for China Eastern Airlines' H shares has been raised by 56.7% to 5.5 Hong Kong dollars, corresponding to a 2026 P/E ratio of 18.7. They maintain an outperform rating in the industry.