RMB Appreciation, Aviation Benefited From &Nbsp Appreciation, Securities Companies Optimistic About Three Major Airlines

The near future, RMB The exchange rate has reached a new high against the US dollar. How to treat RMB? appreciation On the impact of aviation stocks? The Huachang securities spanportation group said that the short-term appreciation of the renminbi is more of a political issue. Capital expenditure growth and equipment manufacturing production will become the main driving force of US economic growth, which means that the United States must promote the depreciation of the real exchange rate of the local currency. External demand Expansion, plus the US mid-term elections in November, will continue until November.

If the renminbi appreciated by around 3% against the US dollar in the whole year, the three airlines' earnings per share increased by 0.12-0.2 yuan in 2010. Huachang Securities believes that although the fourth quarter is the traditional off-season of the aviation industry, but this year's superposition of multiple benefits, the appreciation of RMB, the increase of the aviation market concentration caused by the air crash, the World Expo Asian Games, and the continuous improvement of supply and demand will drive the aviation sector's four quarter light season, and achieve a new record in the same period. It is recommended that investors pay close attention to the investment opportunities of the three major airlines of China Air China, Southern Airlines and China Eastern Airlines.