HSBC Research on "Major Banks": The challenges continue for the three major stocks in the Aviation/airlines Industry, rating "Shareholding".

HSBC Global Research published a report stating that despite an improvement in passenger load factor, the three major Airlines in the mainland recorded a total loss of 9.3 billion yuan in the fourth quarter of 2024 due to weak ticket price yields. The duty-free business at Peking Capital Airport (00694.HK) became a major drag, with its earnings before interest and taxes narrowing to a loss of 0.148 billion yuan, despite its net loss in the second half of 2024 expanding to 1 billion yuan, mainly due to the reversal of deferred tax Assets. Duty-free income remains a drag, with per capita sales in 2024 at 150 to 160 yuan, far lower than in 2019.

AASTOCKSApr 3 11:29

Morgan Stanley has raised the earnings forecast for Peking Capital Airport (00694.HK) for the next two years, and the Target Price has been adjusted to 2.7 yuan.

Morgan Stanley published a report indicating an upward adjustment of the profit forecasts for Beijing Capital Airport (00694.HK) for the next two years by 3% and 14%, primarily based on unexpected cost savings, partially offset by a slowdown in Transportation growth. The bank's valuation scenarios for the stock in bear, baseline, and bull markets have increased by 12% to 13%, consistent with changes in next year's profit forecasts. The bank's probability-weighted Target Price has been raised from 2.4 yuan to 2.7 yuan, with a target market-to-book ratio of 0.9 times, below the industry average of 1.2 times, considering the diversion effect of Daxing International Airport.

AASTOCKSApr 2 14:47

Citi: Raised the Target Price of BEIJING AIRPORT to HKD 3.05 and upgraded the rating to 'Neutral'.

Citi released a Research Report stating that BEIJING AIRPORT (00694) last year's performance met expectations; however, the recovery of non-Aviation Business remains slow. The group's operating profit is close to breakeven, recording a loss of 0.347 billion yuan. During the period, the group's overall net loss was 1.39 billion yuan, and when accounting for the impact of deferred tax assets, the net loss was approximately 0.648 billion yuan. The bank upgraded the group's rating from "Sell" to "Neutral," with the new Target Price raised from 2.53 HKD to 3.05 HKD.

Sina Hong Kong StocksApr 1 15:50

Citi raised the Target Price of BEIJING AIRPORT (00694.HK) to 3.05 yuan and upgraded the rating to 'Neutral'.

Citigroup published a research report stating that BEIJING AIRPORT (00694.HK) performed as expected last year; however, the recovery of non-Aviation Business is still slow. The group's operating profit is close to breakeven, recording a loss of 0.347 billion yuan. During the period, the group had an overall net loss of 1.39 billion yuan; if the impact of deferred tax assets is taken into account, the net loss is approximately 0.648 billion yuan. The bank upgraded the group's rating from "Sell" to "Neutral," with the new Target Price raised from 2.53 yuan to 3.05 yuan.

AASTOCKSMar 31 17:48

Daiwa raises the Target Price of Hong Kong International Airport (00694.HK) to 3.3 HKD with a rating of "Buy."

Daiwa published a research report indicating that BEIJING AIRPORT (00694.HK) has the primary task of restoring profitability this year, with capital expenditure controlled between 0.3 billion and 0.4 billion yuan, and it is expected that the annual Operation costs will reduce further. The firm has lowered the growth rate of aircraft takeoffs and landings this year from the median to the middle range, but emphasized that once the disruptions caused by the Russia-Ukraine war are resolved, the recovery of international flights will bring upside potential. The firm is Bullish on the group's operational leverage, anticipating that it will record profits this year, lowering the group's earnings per share forecast by 58 to 86% for this year and next, reiterating a "Buy" rating, and raising the Target Price from 2.8 yuan to 3.

AASTOCKSMar 31 15:15

Express News | Our second international rescue charter plane departed from Peking to assist Myanmar.

BreakingsMar 29 16:09