2. China Southern Airlines is based in Guangzhou and claims to be China's largest airline. The stock gained 9.7% in the past week.
Both the analysts covering the stock give it a hold rating. There are no sell ratings on the stock. Analysts polled by
Bloomberg have an average 12-month price target of $41.67, up 58.7% from recent levels.
Last week, the company won $9.25 billion in financial support from the National Development Bank for the next five years. The airline will use the loan for acquisitions and investment banking, as well as for repaying working capital and other purposes.
Additionally, it emerged last week that the airline has ordered 20
(ERJ) 190 regional jets powered by
The carrier has announced plans to increase flights to the Tibetan capital Lhasa from the current four services a day to at least 10 times a day by 2015.
1. China Sunergy designs, develops, manufactures and sells solar cells through its wholly owned subsidiary. CSUN produces both monocrystalline and multicrystalline silicon solar cells and selective emitter cells, which are an improved version of the P-type solar cells. The stock leaped 31.3% last week.
On June 22, Collins Stewart assigned a buy rating to the stock with a price target of $3.15, an increase of 50% from current levels.
The company updated its guidance for the second quarter and fiscal 2011 last week. For second-quarter 2011, the company expects its solar module shipments to range from 100 MW to 110 MW. For full year 2011, it pegs shipments between 580 MW and 600 MW.
Meanwhile, CSUN's fully owned subsidiaries China Sunergy (HK) and China Sunergy (Nanjing) are seeking to raise annual silicon cell production capacity by co-investing $0.28 billion in a 1GW solar cells expansion project in Yangzhou City in China's Jiangsu Province.