Meilan Airport (00357) is currently up more than 4%. As of press release, it is up 4.08% to HK$7.66, with a turnover of HK$3,3484 million.
The Zhitong Finance app learned that Meilan Airport (00357) is currently up more than 4%. As of press release, it is up 4.08% to HK$7.66, with a turnover of HK$3,3484 million.
China Galaxy Securities said that the trend of optimizing commodity supply in the Hainan outlying islands duty-free market is clear. Recently, Taikoo and China Free have made further progress in introducing taxable brands, and the layout of China Free in Hainan has been further improved. Currently, Hainan has entered the peak season for traditional tourism, but the recovery of the duty-free market still requires attention to the progress of domestic consumer market recovery.
Guoxin Securities, on the other hand, said that the current airport duty-free business needs to achieve a new balance between duty-free price advantages, high deduction points, and reasonable profit margins for operators. In 2022-2023, some airports can still obtain a commission ratio of about 25% on the airport side of duty-free bidding, and bargaining power has not been greatly reduced. With the resumption of outbound group tours and continued overtime on long-term intercontinental routes, passenger traffic on international routes at hub airports is expected to continue to rise, driving a further recovery in their performance. Airport stocks after significant phased adjustments may welcome allocation opportunities.