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大摩:予北京首都机场“与大市同步”评级 目标价上调至2.9港元

Morgan Stanley: Upgraded Beijing Capital International Airport to "in line with the market" rating, target price raised to 2.9 Hong Kong dollars.

新浪港股 ·  Nov 26, 2024 11:04

Damo released a research report stating that considering adjustments in profit and weighted average capital cost, as well as changes in the exchange rate of the Hong Kong dollar against the RMB, the target price of Beijing Capital Airport (00694) shares was raised by 12% to HK$2.9, and the rating was “in sync with the market.” The bank said that due to the fact that commercial revenue from Capital Airport in the third quarter was lower than expected, the profit estimates for each year from 2024 to 2026 will be reduced by 14%, 7% and 6%, respectively. The weighted average cost of capital assumption was slightly adjusted to 12.8% from the previous 12.9%.

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