Morgan Stanley: Upgrades the rating of Peking Capital International Airport (00694) to "in line with the market" and raises the target price to 2.9 HK dollars.

Zhitong Finance · Nov 26, 2024 10:12 · Ratings

Da Ma has lowered the profit forecast for Beijing Airport for the years 2024 to 2026 by 14%, 7%, and 6% respectively.

According to the report released by Da Ma on the Zhitong Finance APP, considering adjustments in profit, weighted average cost of capital, and changes in the Hong Kong Dollar to Renminbi exchange rates, the target price of Beijing Airport (00694) has been raised by 12% to 2.9 Hong Kong dollars with a rating of 'In-line with the market'. The bank stated that due to the underperformance of the commercial income of the Capital Airport in the third quarter, profit forecasts for the years 2024 to 2026 have been revised down by 14%, 7%, and 6% respectively. The assumed weighted average cost of capital has been slightly adjusted from 12.9% to 12.8%.

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大摩：予北京首都机场(00694)“与大市同步”评级 目标价上调至2.9港元

Morgan Stanley: Upgrades the rating of Peking Capital International Airport (00694) to "in line with the market" and raises the target price to 2.9 HK dollars.

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大摩：予北京首都机场(00694)“与大市同步”评级目标价上调至2.9港元