The Zhitong Finance App learned that Xiaomo released a research report saying that it maintains the “increase in holdings” rating of Beijing Capital Airport (00694). It believes that its travel demand and airport duty-free shops will rebound because it optimizes epidemic prevention measures earlier than expected, and expects passenger throughput to trend to normal levels early next year. The target price was raised from HK$7.3 to HK$9.5.

The bank expects that cross-border flights will quickly rebound in the second quarter, and that the company's international passenger throughput will return to one-third of what it was before the epidemic this year. Also, based on the improved outlook, the adjusted loss forecast per share in 2023 improved from RMB 0.08 to RMB 0.18, and the forecast loss of RMB 0.45 per share in 2022.