Zacks Investment Research downgraded shares of CHINA SOUTH-ADR (ZNH) from NEUTRAL to UNDERPERFORM on April 11, 2013, with a target price of $24.80.
China Southern Airlines is one of the leading air transportation enterprises in China, especially in passenger volume and the total amount of tax and profit for the past three years. 27% market share in 1996 made it the biggest airlines in China. With the head office in Guangzhou, the southern entrance into China, it has branch fleet bases in the provinces of Henan, Hubei, Hunan, Hainan and the Special Economic Zone of Shenzhen. It is also the 60% shareholder of four regional airlines – Xiamen Airlines, Shantou Airlines, Guangxi Airlines and Zhuhai Airlines.
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