智通财经APP获悉，国泰君安发布研报称，航空预期仍处低位，增持航空。The Prime Minister of South Korea: Will actively discuss the pilot project for visa exemption for Chinese group tourists.
According to Zhitong Finance APP, the Japanese Foreign Minister Toshiyuki Iwaki revealed at the ministerial "China-Japan High-Level People-to-People Exchange Consultation Mechanism" meeting on the 25th that the issuance conditions for tourist visas for Chinese citizens visiting Japan will be relaxed. Specific measures include the establishment of a 10-year valid tourist visa and extending the stay for group travel visas from 15 days to 30 days, to promote economic and cultural exchanges between China and Japan. These relaxation measures are expected to be implemented in the spring of 2025 after preparations are complete.
Acting South Korean President and Prime Minister Han Duck-soo stated on the 26th that to quickly and robustly restore the South Korean tourism market, discussions will be actively held on a visa exemption pilot project for Chinese group tourists and implemented as soon as possible.
According to Zhitong Finance APP, GTJA has released a Research Report stating that the aviation outlook remains low, advocating for Shareholding in Aviation.
In the long term, China's aviation demand has tremendous potential, while the airspace slot bottleneck continues. Once supply and demand recover, considering the marketization of ticket prices and a slowdown in fleet growth, an increase in profit margins is expected. The trend of supply and demand recovery in China's aviation industry is determined for 2025. The trend of reducing domestic flights while increasing international flights continues in the new flight season, and the visa exemption policy along with domestic demand stimulation is expected to accelerate the improvement in supply and demand.
China International Capital Corporation's Research Reports indicate that the supply and demand pattern of the aviation sector continues to optimize, leading to a significant turning point in profitability. It is expected that over the next three years, the compound annual growth rate of the total fleet in the industry will slightly exceed 1%, while the annual growth rate of passenger volume on the demand side is expected to reach over 6%; the airport Sector has both infrastructure and Consumer properties, and China International Capital Corporation believes it may benefit from increased travel passenger volume and improvements in travel retail, with the operating leverage of the sector expected to continue to show.
Aviation-related stocks in Hong Kong:
China Southern Airlines (01055), Air China Limited (00753), China Eastern Airlines Corporation (00670), CATHAY PAC AIR (00293), BEIJING AIRPORT (00694), TRAVELSKY TECH (00696), MEILAN AIRPORT (00357), and others.
