DBS: Upgrades China Southern Airlines (01055.HK) Rating to "Hold" Expected Industry Prospects Still Challenging

According to the Wisdom Financial APP, DBS has released a research report stating that the rating of China Southern Airlines Co. Ltd. (01055.HK) has been upgraded from "sell" to "hold". The target price of H shares remains unchanged at 3.4 Hong Kong dollars, mainly due to the fact that its stock price has fallen by about 40% since the outbreak of the Middle East conflict. It is believed that the market's pessimistic expectations for the industry's prospects have been largely reflected.