The Zhitong Finance App learned that Meilan Airport (00357) rose by more than 7%. As of press release, it had risen 7.01% to HK$8.24, with a turnover of HK$5.084,500.

According to news, during the “May 1st” holiday this year, Meilan Airport completed a total of 2,662 flight takings and landings, carrying about 378,000 passengers. The peak passenger flow was on May 1, and the number of passengers in a single day exceeded 85,000. According to CICC, Haikou Meilan Airport carried an average of 77,618 passengers per day during the May 1st holiday (5/1-5/5) in '24, an increase of about 8% over the May 1st holiday in '23 (4/29-5/3).

According to a previous research report by Guosheng Securities, the company's past PE valuation was less than 10 times. Later, the high duty-free boom in the outlying islands brought about a revaluation of the Meilan Airport valuation center. The low level of the company's performance has passed due to the impact of passenger flow and the second phase of production capacity; with the resumption of passenger flow in 2024 and the development of duty-free business, it is expected to enter a performance growth cycle; the future is expected to benefit from free trade port dividends and the release of new production capacity, and the business has expanded.