Glonghui, May 19 | Motong reports that since the reopening of the mainland, Beijing Capital Airport (0694.HK) business has clearly recovered, while the local passenger throughput (PAX) has returned to the level of 67% before the epidemic. The bank expects Capital Airport to lose to profit this year and record a slight profit, while next year's profit will return to normal, with 2025 recording a 20% year-on-year increase. The bank raised the target price of Beijing Capital Airport from HK$9.5 to HK$10, maintaining the “increase in holdings” rating, and reiterated that Beijing Capital Airport is the first choice. It believes that the company is the main beneficiary of the rebound in cross-border tourism in the mainland, and pointed out that the peak summer tourist season is expected to be the driving force. The stock is currently reported at HK$568, with a total market value of HK$26 billion.