According to Zhitong Finance APP, BEIJING AIRPORT (00694) rose over 4% in late trading, as of the time of writing, it rose 4.66% to 2.93 Hong Kong dollars, with a transaction volume of 21.2079 million Hong Kong dollars.

In terms of news, BEIJING AIRPORT announced that in November this year, the volume of aircraft takeoffs and landings was 0.036 million, a year-on-year increase of 6.7%; passenger throughput was 5.462 million, a year-on-year increase of 16%; and cargo and mail throughput reached 0.127 million tons, a year-on-year increase of 6.6%. In the first eleven months of this year, the total number of aircraft takeoffs and landings at the airport was 0.397 million, a year-on-year increase of 14.7%; passenger throughput was 61.857 million, a year-on-year increase of 28.7%; and cargo and mail throughput recorded 1.316 million tons, a year-on-year increase of 32.2%.

Changjiang Securities pointed out that airports are long-term Assets, and the sustainability of their business models along with the upgrade of the duty-free sector makes the profitability and valuation of airport stocks more closely correlated with expectations for future economic recovery. Looking ahead, the recovery of international passenger traffic is accelerating, consumer spending power is bottoming out, and the opportunity for layout has arrived: first, the recovery ratio of international passenger traffic is speeding up, profit pressure is gradually easing, leading to a return to average performance; second, as consumer spending power gradually warms up from the bottom, there is hope to boost the steady increase in airport duty-free and taxable business per capita consumption capacity, releasing profit elasticity.