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) and reiterated it as the first choice, believing that it is the main beneficiary of the rebound in cross-border tourism in the mainland. It also indicates that the peak summer tourist season is expected to be the driving force. The target price was raised from HK$9.5 to HK$10. The company's post-pandemic business has clearly recovered, while local passenger throughput (PAX) has returned to the pre-epidemic level of 67%; the bank expects Capital Airport to turn a loss into profit this year and make a slight profit, while earnings will return to normal next year, with a 20% year-on-year increase recorded in 2025.
小摩：维持北京首都机场(00694)“增持”评级 目标价升至10港元
Komo: Maintain Beijing Capital Airport's (00694) “increase holdings” rating and raise the target price to HK$10
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