Jinwu Financial News | According to the Morgan Stanley Research Report, based on the preliminary results of Beijing Capital Airport (00694) in 2023, the bank slightly narrowed the company's 2024 net loss forecast by 1% and raised the 2025 net profit forecast by 1%.
According to the bank, the basic assumption is that the number of visitors will return to 76% of 2019 levels in 2025. Due to improved working capital forecasts, the bank raised the company's target price by 9.5% from HK$2.1 to HK$2.3. Give it a “in sync with the market” rating.