Bullish case for the second largest airline in China that serves the western corridor for international flights as well as domestic routes. With economy starting to recover, travel back to 90% of pre-covid levels, and the outlook looking strong for 2021 while the stock is down 40% from its 2019 high, we believe the setup is attractive. Full research note and slide deck attached on website.

 

 

Attachments: Slide Deck | Research Note