Gelonghui, May 15 | CICC Research Report indicates that Shanghai Airport (600009.SH) recently announced a draft restricted stock incentive plan for A-shares. According to the draft, the company expects equity incentives to stimulate the motivation of the management team, improve operational efficiency, mobilize their enthusiasm and creativity, and integrate their interests more closely with the company's long-term development. The bank lowered its target price by 5% to RMB 38, corresponding to 35 times the 2024 P/E (30 times the original value, mainly considering the market's improvement in risk appetite under the continuous restoration of international flights) to maintain its outperforming industry rating. There is 3% room for growth compared to the current stock price.
研报掘金丨中金：上海机场股权激励计划方案出台，维持“跑赢行业”评级
Research Report Nuggets丨CICC: Shanghai Airport Equity Incentive Plan Launched to Maintain “Outperform the Industry” Rating
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