Guotai Haitong Sticks to Their Buy Rating for China Southern Airlines Company Limited Class H (1055)

Guotai Haitong maintained a Buy rating on China Southern Airlines Company Limited Class H (1055) in a report released July 2. The brokerage set a price target of HK$5.67, while China Southern’s shares closed the previous day at HK$3.39. Analyst consensus among broader coverage remains Hold, with a consensus target of HK$4.39. For the quarter ended March 31, the airline reported quarterly revenue of HK$47.78 billion and net profit of HK$1.48 billion. In the prior-year period, revenue was HK$43.41 billion, alongside a GAAP net loss of HK$747 million, according to the same earnings release. The update frames the stock outlook based on both valuation assumptions and the company’s latest reported results.