JPMorgan gives China Eastern stock a CNY 3.10 target, price 1.90 percent higher

Published on 10/17/2026 at 19:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

China Eastern revenue rose 11.09 percent in first-half 2026. China Eastern stock was last at CNY 3.16 on October 16, 2026, up 0.96 percent on Shanghai.

Target and trading date

JPMorgan's October 8, 2026 research put a CNY 3.10 target on China Eastern stock.
First-half 2026 revenue reached CNY 74.23 billion, up 11.09 percent year over year.
China Eastern stock was last at CNY 3.16 at 3:00 p.m. CST on October 16, 2026, up 0.96 percent on Shanghai versus CNY 3.13.
The next earnings report is scheduled for October 31, 2026.

China Eastern, CNE1000002K5, Illustration mit AI erstellt.

JPMorgan's October 8, 2026 research note put a CNY 3.10 target on China Eastern. That leaves the Shanghai price of CNY 3.16 1.94 percent above the target, based on the latest completed session. China Eastern stock was last at CNY 3.16 at 3:00 p.m. CST on October 16, 2026, up 0.96 percent from CNY 3.13.

Revenue grew in the first half

The company's operating scale expanded even as profitability stayed under pressure. China Eastern reported CNY 74.23 billion in revenue for the first half of 2026, an 11.09 percent year-over-year increase, according to Stockstar.

The same report said operating expenses reached CNY 79.66 billion in the first half, up 14.24 percent. Aircraft fuel costs climbed 36.22 percent to CNY 29.17 billion, making cost inflation faster than revenue growth.

Stock sits near its yearly low

China Eastern's Shanghai price stood 1.61 percent above its 52-week low of CNY 3.11 and 51.23 percent below its 52-week high of CNY 6.48 on October 16, 2026. Trading volume reached 138,649,314 shares, below the 152,270,868-share average.

The daily move was modest beside the airline's longer-term range. Air China gained 1.07 percent in the same session, while China Southern Airlines gained 1.07 percent. China Eastern's market capitalization was CNY 69.8 billion, and its price-to-earnings ratio was negative 29.78.

Valuation and next reporting date

The October 8 JPMorgan note carried a CNY 3.10 target and an Underweight view for China Eastern, citing domestic-route exposure to high-speed rail competition and higher fuel costs, as reported by Futu. The target is 1.94 percent below the CNY 3.16 Shanghai price.

China Eastern's next earnings report is scheduled for October 31, 2026, according to TradingView. That date gives investors the next formal checkpoint for fuel costs, passenger demand and international route performance.

Comparison with peers

China Eastern Airlines: plus 0.96 percent, P/E negative 29.78, market capitalization CNY 69.8 billion. Air China (Shanghai, CNY): plus 1.07 percent, P/E negative 42.87, market capitalization CNY 91.2 billion. China Southern Airlines (Shanghai, CNY): plus 1.07 percent, P/E negative 57.18, market capitalization CNY 76.2 billion.

Price remains close to the yearly low

China Eastern's latest Shanghai quotation places the stock near the bottom of its 52-week range, while first-half revenue growth exceeded the pace of expense growth by 3.15 percentage points. The next results date will show whether international traffic and cost controls have narrowed that gap.

China Eastern stock was last at CNY 3.16 at 3:00 p.m. CST on October 16, 2026, up 0.96 percent on the Shanghai Stock Exchange from the prior close of CNY 3.13.