HK Stock Market Move | China Southern Airlines (01055) rose nearly 3% as the Southern Airlines Group signed 18 import project orders, with the procurement turnover reaching a new high in recent years.

China Southern Airlines (01055) rose nearly 3%, rising 2.34% to HK$3.5 as of press time, with a turnover of HK$21.3473 million. On the news front, according to market reports, at the signing ceremony of the trading sub-group of China Southern Airlines Group at the 7th China International Import Expo (referred to as " Import Expo"), China Southern Airlines Group signed 18 import procurement projects with 15 large global aviation service companies and suppliers in the aviation service field, including GE Aviation and International Aero Engines Company, with a total procurement amount of US$1.549 billion, reaching a new high in recent years. It is understood that the procurement projects of China Southern Airlines Group during this Import Expo cover a wide range of categories, including technical equipment, service trade, consumer goods, food and Shenzhen Agricultural Power Group, with the main procurement content including engines and aircraft materials, airborne equipment, artificial intelligence equipment and applications, imported food, inflight entertainment on-demand media and game copyrights, data and information services, inflight duty-free products, etc. The procurement agreements signed with International Aero Engines Company and GE Aviation for V2500 and CFM56 engine spare parts are the key civil aviation procurement orders signed this time, totaling US$1.136 billion.