Zhi Tong Cai Jing·2025-10-31 09:49Core Viewpoint - Morgan Stanley believes that China National Airlines (601111)(00753) has a 70% to 80% chance of stock price increase in the next 60 days, with a target price set at HKD 8.11 and a rating of "Overweight" [1] Group 1: Company Performance - The third-quarter earnings performance of China National Airlines was poor, leading to a decline in stock price [1] - The parent company has proposed a capital injection, which contributed to the stock price drop [1] Group 2: Market Outlook - Morgan Stanley maintains a constructive view on the upward cycle of domestic airlines, believing that improving business travel demand will support pricing power due to higher asset utilization [1] - The recent stock price adjustment of China National Airlines is seen as an ideal buying opportunity for the market [1]