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According to a report released by Huayuan Securities on April 1st, they have given a "buy" rating to China Southern Airlines (600029.SH). The main reasons for this rating include: 1) Improved operational efficiency, becoming the first of the "Big Three Airlines" to turn losses into profits; 2) Domestic ticket prices are under pressure, but improving performance is aided by oil and exchange rate factors. (Daily Economic News)
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