Reported 8 months ago
China Airlines and EVA Air's cargo businesses are seeing further growth driven by AI opportunities, with China Airlines potentially challenging its previous high of 24.9 NT dollars and EVA Air aiming to break its previous high of 38.5 NT dollars. With the summer approaching, airline stocks for China Airlines (2610) and EVA Air (2618) are on the rise. China Airlines achieved a record high revenue of 48.644 billion NT dollars in the first quarter, with EPS of 0.51 NT dollars. The board of China Airlines approved a dividend of 0.69 NT dollars, the second-highest since 1995, implying a dividend yield of around 2.9%. The demand for air cargo is growing due to AI products, with a focus on high-value and high-efficiency goods, and EVA Air is benefiting from the increasing demand, particularly from Asia to North America for servers and e-commerce products.
Source: YAHOO