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Chinese Travel Stocks Rebound After Goldman Downgrades (ZNH, CEA, HMIN, CTRP, AMCN, PCLN, EXPE, )China Southern Airlines Co Ltd (ZNH) and China Eastern Airlines (CEA) led the Airline Stocks Index higher on Thursday as domestic regional carriers sank lower. China Southern investors are shaking off a Goldman Sachs downgrade to Neutral from Buy earlier this week. The analyst also downgraded Thai Airways to Neutral and Air China to Sell citing valuation, according to coverage by Bloomberg. Much of the the Chinese Travel Stocks Index is still in negative territory over the last five sessions, some by more than -5%. AirMedia Group Inc (AMCN), which operates a digital advertising network in airplanes and airports is the worst performer for the period, down -11%. Meanwhile, late-2009 hotel IPO 7 Days Group (SVN) and Ctrip.com International (CTRP) are also among laggards. The latter is a Chinese equivalent to Expedia (EXPE) and Priceline.com (PCLN). Today, hotel chain Home Inns & Hotels Management (HMIN) is following the airlines higher, up 3.5%. Across all of tickerspy’s Indexes, the Chinese Travel Stocks Index is ranked 256 in performance over the last month. To see a performance graph, Index components, and dividend and valuation metrics, visit the Chinese Travel Stocks Index at tickerspy.com. 
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