02-Dec-2009 12:37 PM
Air China up; Goldman Sachs raises China Southern’s share price estimate
Analysis
Air China' shares gained 9.8% on Tuesday, reaching a 19-month high, boosted by speculation that the company would take over Shenzhen Airlines. China Southern Airlines also surged yesterday, adding 7.3% as Goldman Sachs raised its estimate of the airline's share price.
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