China Southern Airlines Company Limited Class H (1055) was upgraded to a Hold Rating at HSBC

HSBC upgraded China Southern Airlines Company Limited Class H (1055) to a Hold rating, according to a report released on June 26. The bank set a price target of HK$3.60, while the shares closed the previous session at HK$3.58. The article notes that the broader analyst consensus remains a Hold, with a target of HK$3.97, implying 10.89% upside from the prior close. It also mentions another adjustment: DBS upgraded the stock to a Hold on June 11 with a HK$3.40 price target. For financial context, China Southern reported quarterly revenue of HK$47.78 billion and net profit of HK$1.48 billion for the quarter ending March 31. In the same period a year earlier, revenue was HK$43.41 billion and the company recorded a GAAP net loss of HK$747 million.