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CNAC's offering may suffer from high expectations: lofty Hong Kong IPO price could limit room for gains for Beijing-owned holding company

Article Abstract:

China National Aviation Corp (CNAC), a state-owned holding company, will have an initial public offering on the Hong Kong stock market on Nov 7, 1997, in an effort to raise over HK$1.2 billion ($155.2 million). CNAC's Chinese connections and its 43% stake in regional carrier Hong Kong Dragon Airlines make it an attractive buy, said analysts. Some observers, however, are questioning whether a too high offering price would limit the stock's upside potential.

Domestic Scheduled Air Service, Holding companies, not elsewhere classified, Financial Holding Companies NEC, Offices of Other Holding Companies, China, Foreign investments, Holding companies, Financial holding companies, Domestic airlines, Hong Kong Dragon Airline Ltd., China National Aviation Corp.

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Market pros expect safe flight for China Southern's IPO

Article Abstract:

Financial managers say that the initial public offering of China Southern Airlines will be not be a smooth transition for the company from a private enterprise to a public entity. Market analysts point to a crash involving the carrier and the poor financial portfolio of the company as potential pitfalls for the airline. Analysts however, say that the company can raise its financial portfolio since it is a strong player in the domestic market.

Scheduled Air Passenger Svc, China Southern Airlines Company Ltd.

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Few investors bet on recovery: after year of tumbles, economic aftershocks are on the horizon

Article Abstract:

Investment advisers predict that in 1998, Asia will be experiencing aftershocks of its economic troubles that began in 1997. Few investors are optimistic and most admit that they are reluctant to invest in Asia anytime soon. The devaluation of Thai, Korean and Malaysian currencies, coupled with credit downgrading and lagging economic reforms complicate the situation and investors predict that recovery will take a long time.

Evaluation, Economic development, Asia, Currency devaluation, Devaluation (Currency)

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