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Direct land passenger transport from Macau to Hong Kong Airport is on the rise, with an expected annual passengers carried of approximately 0.2 million.
According to the report, Chen Wenyu, Deputy General Manager of the cross-border land passenger transport company in Hong Kong and Macau, stated that this year the company's passenger transport growth trend is better than last year, with the 'Hong Kong-Macau Express' passenger volume increasing by about 30% annually. The seat occupancy rate on holiday routes is 70% to 80%, while on weekdays it is about 40%, basically meeting the current passenger demand.
The 'Airport City' project costs about hundreds of billions of dollars to build facilities such as yacht piers, with the airport authority bearing 30% of the expenses.
The Civil Aviation Authority announced the latest development blueprint for the 'Airport City' project yesterday (24th), planning to add multiple projects to attract high-end travelers, including the construction of a yacht terminal with immigration facilities, luxury hotels, and an air transportation fresh market. The entire project will cost approximately 100 billion yuan and is expected to be completed from 2029 to 2031. The Civil Aviation Authority revealed that 30% of the project expenses will be borne by the Civil Aviation Authority. Excluding the previously financed portion, they plan to issue bonds or refinance existing bonds by 8 to 10 billion yuan. The remaining balance will be for commercial and hotel projects, which will be invested, built, and operated by enterprises. The Civil Aviation Authority added that the 'Airport City' blueprint includes the construction
UBS Group's investment rating and target price for Hong Kong's preferred stock (table).
UBS Group released a research report, listing the latest investment ratings and target prices for the following preferred stocks in Hong Kong: Stock | Investment Rating | Target Price (HKD) Henderson Land Development (00012.HK) | Buy | HKD 30 SHK PPT (00016.HK) | Buy | HKD 102 Sands China Ltd (01928.HK) | Buy | HKD 22.6 Galaxy Entertainment (00027.HK) | Buy | HKD 41.6 BOC Aviation (02588.HK) | Buy | HKD 77.9 Cathay Pacific Airways (002
boc aviation (2588.HK): 7 aircraft delivered in 3Q24.
Delivered 7 aircraft in 3Q24, boc aviation disclosed its operational data on October 10th. At the end of 3Q24, the number of company-owned aircraft slightly increased to 430 units.
BOC Aviation's Aircraft Fleet Reaches 693 in Q3
BOC Aviation Reports Robust Q3 2024 Operations
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